Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 308,964 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.23% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 313,843 307,836 295,394
Change - -49.49% 58.04% 75.51% 4.05% -22.06% -1.91% -4.04%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.7x 19.5x 16.3x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10x 8.39x 6.89x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.02x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.03x 5.42x 4.92x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.13x 5.4x 4.7x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.4x 15.3x 12.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.5x 16.1x 13.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.4x 21.7x 17.8x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.1% 4.61% 5.63%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.582 3.813 4.564
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 16,125 19,127 22,224
Net income 1 5,116 4,492 5,408 8,712 10,981 15,258 15,843 18,433
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 74.20 74.20 74.20
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.($)
16.52x4.5x10.51x1.25% 563B
20.72x6.13x18.42x-.--% 309B
22.21x2.43x12.43x-.--% 139B
3.87x80.67x2.91x0.14% 104B
11.43x8.63x100.78x0.59% 101B
34.13x3.95x25.85x-.--% 99.14B
29.95x5.68x16.06x-.--% 90.5B
81.64x4.8x23.45x-.--% 90.31B
9.29x3.08x48.42x0.66% 41.47B
Average 25.53x 13.32x 28.76x 0.29% 170.83B
Weighted average by Cap. 22.25x 10.06x 20.81x 0.52%

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