Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 332,449 - -
Change - -50.82% 62.39% 78.79% 4.28% -16.32% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 337,385 332,506 318,879
Change - -49.49% 58.04% 75.51% 4.05% -16.22% -1.45% -4.1%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 22.3x 20.9x 17.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.5x 9.04x 7.59x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.23x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.49x 5.83x 5.29x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.59x 5.83x 5.08x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.8x 16.6x 13.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 20.9x 17.4x 14.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 26.2x 23.5x 19.2x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.81% 4.26% 5.21%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.816 4.58
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,221 57,006 62,807
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,067 23,264
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,131 19,149 22,283
Net income 1 5,116 4,492 5,408 8,712 10,981 15,266 15,855 18,468
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 56.59 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 79.84 79.84 79.84
Nbr of stocks (in thousands) 4,429,522 4,450,205 4,376,797 4,274,581 4,237,323 4,163,940 - -
Announcement Date 20/1/22 19/1/23 23/1/24 21/1/25 20/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.5x4.14x9.54x1.32% 514B
22.27x6.59x19.79x-.--% 332B
23.38x2.75x14.01x-.--% 157B
37.09x4.32x28.57x-.--% 108B
34.85x6.88x19.35x-.--% 109B
88.78x5.36x25.55x-.--% 100B
2.87x76.75x2.14x0.14% 102B
10.51x7.98x93.18x0.64% 93.57B
8.36x2.69x58.37x0.74% 36.42B
Average 27.07x 13.05x 30.05x 0.32% 172.57B
Weighted average by Cap. 24.05x 9.76x 20.94x 0.5%

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