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 3,26,969 - -
Change - -50.82% 62.39% 78.79% 4.28% -17.7% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,28,724 3,23,072 3,16,285
Change - -49.49% 58.04% 75.51% 4.05% -18.37% -1.72% -2.1%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21.6x 20.3x 17x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.72x 8.21x 6.82x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.09x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.36x 5.7x 5.17x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.4x 5.63x 5x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.2x 15.8x 13.2x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 20.2x 16.6x 14x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 25x 22.7x 18.7x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.01% 4.41% 5.35%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.592 3.828 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,396 57,387 63,286
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,094 20,415 23,919
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,269 19,412 22,666
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 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 77.65 77.65 77.65
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.41x3.93x9.16x1.43% 49TCr
6.43x137.56x5.02x0.09% 15TCr
23.93x2.56x13.2x-.--% 15TCr
32.4x3.94x25.79x-.--% 9.72TCr
9.55x8.09x89.45x0.66% 9.28TCr
28.96x5.47x15.46x-.--% 8.74TCr
73.91x4.37x21.35x-.--% 8.23TCr
8.23x2.91x41.31x0.59% 3.85TCr
696.83x4.5x212.76x-.--% 2.7TCr
Average 99.41x 19.26x 48.17x 0.31% 13.5TCr
Weighted average by Cap. 35.73x 20.62x 23.44x 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