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 2,93,141 - -
Change - -50.82% 62.39% 78.79% 4.28% -26.22% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 2,98,020 2,92,014 2,79,571
Change - -49.49% 58.04% 75.51% 4.05% -25.99% -2.02% -4.26%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 19.7x 18.5x 15.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.49x 7.96x 6.54x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.86x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.72x 5.14x 4.67x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.82x 5.12x 4.45x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.5x 14.5x 12x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.5x 15.3x 12.6x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.1x 20.5x 16.7x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.33% 4.89% 5.98%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.813 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,209 57,006 62,801
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,084 23,326
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,137 19,139 22,243
Net income 1 5,116 4,492 5,408 8,712 10,981 15,274 15,858 18,459
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,879 -1,128 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 70.40 70.40 70.40
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.($)
14.9x4.05x9.47x1.38% 51TCr
22.4x2.4x12.44x-.--% 14TCr
34.01x4.15x27.34x-.--% 10TCr
3.79x77.34x2.8x0.14% 9.83TCr
10.61x7.77x89.06x0.65% 9.1TCr
28.88x5.46x15.41x-.--% 8.72TCr
72.46x4.24x20.7x-.--% 8.03TCr
8.21x2.72x42.73x0.75% 3.66TCr
737.06x4.77x225.51x-.--% 2.84TCr
Average 103.59x 12.55x 49.49x 0.33% 12.99TCr
Weighted average by Cap. 38.48x 10.41x 24.50x 0.69%

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