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 2,79,234 - -
Change - -50.82% 62.39% 78.79% 4.28% -29.72% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 2,84,169 2,80,328 2,65,898
Change - -49.49% 58.04% 75.51% 4.05% -29.43% -1.35% -5.15%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 18.7x 17.6x 14.7x
PBR 17.3x 6.4x 10.4x 15.8x 15x 8.92x 7.66x 6.47x
PEG - -2.6x 1.9x 0.7x 1.3x 0.4x 2.8x 0.7x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.45x 4.9x 4.45x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.55x 4.92x 4.24x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 16.7x 14x 11.4x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 17.6x 14.7x 12x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 22.1x 19.8x 16x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.53% 5.05% 6.25%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.809 4.557
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,216 56,986 62,735
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,056 20,018 23,241
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,125 19,112 22,190
Net income 1 5,116 4,492 5,408 8,712 10,981 15,263 15,837 18,428
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 1,094 -13,335
Reference price 2 60.24 29.49 48.69 89.13 93.76 67.06 67.06 67.06
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.($)
16.65x8.13x17.36x0.25% 4,18400Cr
23.36x7.38x12.98x0.29% 1,85500Cr
28.25x13.25x20.94x0.64% 48TCr
14.53x3.88x8.97x1.4% 48TCr
18.71x5.55x16.66x-.--% 28TCr
20.59x1.49x10.26x1.03% 26TCr
94.21x12.39x66.51x-.--% 19TCr
21.41x2.45x12.44x-.--% 14TCr
3.08x86.09x2.34x0.13% 11TCr
Average 26.75x 15.62x 18.72x 0.42% 88.83TCr
Weighted average by Cap. 20.76x 8.81x 16.70x 0.36%

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