Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 305,342 - -
Change - -50.82% 62.39% 78.79% 4.28% -23.14% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 310,220 304,214 291,772
Change - -49.49% 58.04% 75.51% 4.05% -22.96% -1.94% -4.09%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.5x 19.2x 16.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.88x 8.29x 6.81x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.97x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.96x 5.36x 4.86x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.06x 5.34x 4.65x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.2x 15.1x 12.5x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.2x 15.9x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.1x 21.3x 17.5x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.15% 4.69% 5.73%
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 16,128 19,131 22,232
Net income 1 5,116 4,492 5,408 8,712 10,981 15,265 15,852 18,447
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 73.33 73.33 73.33
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.($)
23.2x2.48x12.83x-.--% 143B
34x4.15x27.33x-.--% 103B
11.2x8.3x95.13x0.62% 97.15B
3.59x73.09x2.64x0.15% 95.1B
29.8x5.64x15.93x-.--% 89.93B
77.45x4.53x22.13x-.--% 85.47B
8.86x2.94x46.15x0.7% 39.54B
185.06x2.76x80.4x-.--% 29.13B
10.84x1.81x5.42x2.35% 14.87B
Average 42.67x 11.74x 34.22x 0.42% 77.47B
Weighted average by Cap. 33.63x 13.85x 31.14x 0.2%

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