Company Valuation: Warner Bros. Discovery, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 15,332 23,021 27,751 25,930 71,459 67,956 - -
Change - 50.15% 20.54% -6.56% 175.58% -4.9% - -
Enterprise Value (EV) 1 26,186 68,289 67,640 60,123 99,460 94,916 90,811 88,363
Change - 160.79% -0.95% -11.11% 65.43% -4.57% -4.33% -2.7%
P/E ratio 15.3x -2.48x -8.89x -2.29x 99.4x -21.9x 3,343x 86.7x
PBR 1.03x 0.39x 0.61x 0.76x 1.81x 2.03x 1.92x 2.05x
PEG - 0x 0.1x -0x -1x 0x -33x 0x
Capitalization / Revenue 1.26x 0.68x 0.67x 0.66x 1.92x 1.84x 1.78x 1.76x
EV / Revenue 2.15x 2.02x 1.64x 1.53x 2.67x 2.57x 2.38x 2.29x
EV / EBITDA 6.86x 8.85x 6.63x 6.66x 11.4x 11.1x 10.4x 10.1x
EV / EBIT 13x -9.27x -43.7x -5.99x 135x -108x 34.5x 33.2x
EV / FCF 10.8x 20.6x 11x 13.6x 32.2x 32.1x 20.7x 18.6x
FCF Yield 9.26% 4.86% 9.11% 7.36% 3.1% 3.11% 4.83% 5.39%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.54 -3.82 -1.28 -4.62 0.29 -1.238 0.00811 0.3125
Distribution rate - - - - - - - -
Net sales 1 12,191 33,817 41,321 39,321 37,296 36,992 38,184 38,625
EBITDA 1 3,817 7,718 10,200 9,032 8,744 8,551 8,756 8,768
EBIT 1 2,012 -7,370 -1,548 -10,032 738 -881.1 2,630 2,664
Net income 1 1,006 -7,371 -3,126 -11,311 727 -2,984 191 792.6
Net Debt 1 10,854 45,268 39,889 34,193 28,001 26,960 22,855 20,406
Reference price 2 23.54 9.48 11.38 10.57 28.82 27.11 27.11 27.11
Nbr of stocks (in thousands) 6,58,571 24,28,396 24,38,566 24,53,165 24,79,487 25,06,679 - -
Announcement Date 24/02/22 23/02/23 23/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-21.76x2.56x11.05x-.--% 6.8TCr
15.25x1.73x8.13x0.9% 2.53TCr
7.45x2.1x7.34x3.96% 619.28Cr
16x0.89x5.95x7.14% 582.32Cr
9.06x1.12x3.67x2.74% 582.11Cr
12.96x1.05x6.03x1.34% 471.79Cr
20.79x1.52x6.99x-.--% 284.61Cr
13.35x3.16x6.1x2.76% 239.33Cr
15.81x1.31x10.46x - 233.09Cr
Average 9.88x 1.72x 7.30x 2.36% 1.37TCr
Weighted average by Cap. -5.76x 2.13x 9.28x 0.97%

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

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