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 3,10,883 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.75% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,12,639 3,06,987 3,00,200
Change - -49.49% 58.04% 75.51% 4.05% -22.36% -1.81% -2.21%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.6x 19.3x 16.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.24x 7.81x 6.48x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.92x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.05x 5.42x 4.92x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.08x 5.35x 4.75x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.3x 15x 12.6x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.2x 15.8x 13.2x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.7x 21.2x 17.7x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.21% 4.71% 5.65%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.59 3.827 4.574
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,392 57,357 63,241
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,097 20,410 23,862
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,266 19,433 22,686
Net income 1 5,116 4,492 5,408 8,712 10,981 15,361 16,167 19,015
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.83 73.83 73.83
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.($)
15.42x4.2x9.82x1.34% 52TCr
24.53x2.61x13.49x-.--% 15TCr
4.05x83.78x3.03x0.13% 10TCr
32.84x4x26.3x-.--% 9.87TCr
10.92x8.28x94.65x0.65% 9.53TCr
28.77x5.46x15.41x-.--% 8.68TCr
74.38x4.37x21.33x-.--% 8.26TCr
7.4x2.9x44.59x0.71% 3.9TCr
710.53x4.6x217.1x-.--% 2.74TCr
Average 100.98x 13.36x 49.53x 0.31% 13.42TCr
Weighted average by Cap. 37.16x 11.13x 24.76x 0.67%

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