Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,66,852 1,31,228 2,13,097 3,81,002 3,97,291 3,08,714 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.3% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,13,650 3,08,771 2,95,144
Change - -49.49% 58.04% 75.51% 4.05% -22.11% -1.56% -4.41%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.7x 19.4x 16.2x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.99x 8.38x 6.89x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.02x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.03x 5.42x 4.92x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.12x 5.42x 4.7x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.4x 15.4x 12.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.4x 16.1x 13.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.4x 21.7x 17.7x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.11% 4.6% 5.64%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.583 3.813 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,219 57,004 62,799
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,082 23,324
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,126 22,222
Net income 1 5,116 4,492 5,408 8,712 10,981 15,261 15,842 18,432
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 56.59 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 74.14 74.14 74.14
Nbr of stocks (in thousands) 44,29,522 44,50,205 43,76,797 42,74,581 42,37,323 41,63,940 - -
Announcement Date 20/01/22 19/01/23 23/01/24 21/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.07x4.37x10.21x1.28% 55TCr
20.69x6.12x18.4x-.--% 31TCr
23.31x2.69x13.67x-.--% 15TCr
33.64x6.67x18.71x-.--% 10TCr
11.68x8.83x103.03x0.57% 10TCr
34.51x4x26.17x-.--% 10TCr
84.45x5.06x24.03x-.--% 9.37TCr
3.25x63.83x2.31x0.16% 8.77TCr
9.76x3.15x53.19x0.65% 4.25TCr
Average 26.37x 11.63x 29.97x 0.3% 17.14TCr
Weighted average by Cap. 23.06x 8.38x 21.63x 0.52%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield