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 3,06,630 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.82% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,08,382 3,02,710 2,95,905
Change - -49.49% 58.04% 75.51% 4.05% -23.42% -1.84% -2.25%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.3x 19x 16x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.12x 7.7x 6.39x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.89x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.97x 5.34x 4.84x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6x 5.27x 4.67x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18x 14.8x 12.4x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19x 15.6x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.4x 21.2x 17.4x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.27% 4.71% 5.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.592 3.829 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,403 57,395 63,299
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,112 20,421 23,929
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,273 19,417 22,673
Net income 1 5,116 4,492 5,408 8,712 10,981 15,360 16,177 19,003
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,752 -3,921 -10,725
Reference price 2 60.24 29.49 48.69 89.13 93.76 72.82 72.82 72.82
Nbr of stocks (in thousands) 44,29,522 44,50,205 43,76,797 42,74,581 42,37,323 42,10,799 - -
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.($)
13.91x3.8x8.84x1.48% 48TCr
6.7x144.51x5.28x0.08% 16TCr
22.97x2.45x12.66x-.--% 14TCr
9.65x11.62x115.52x0.46% 9.71TCr
31.25x3.78x24.77x-.--% 9.37TCr
27.32x5.11x14.44x-.--% 8.24TCr
67.27x3.94x19.26x-.--% 7.47TCr
7.97x3.85x43.05x0.54% 3.69TCr
645.13x4.16x196.37x-.--% 2.51TCr
Average 92.46x 20.36x 48.91x 0.29% 13.17TCr
Weighted average by Cap. 32.54x 23.06x 24.90x 0.66%

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