Company Valuation: Warner Bros. Discovery, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,332 23,021 27,751 25,930 71,459 68,357 - -
Change - 50.15% 20.54% -6.56% 175.58% -4.34% - -
Enterprise Value (EV) 1 26,186 68,289 67,640 60,123 99,460 94,767 90,556 87,139
Change - 160.79% -0.95% -11.11% 65.43% -4.72% -4.44% -3.77%
P/E 15.3x -2.48x -8.89x -2.29x 99.4x -21.9x 589x 70.9x
PBR 1.03x 0.39x 0.61x 0.76x 1.81x 2.02x 2.02x 2.02x
PEG - 0x 0.1x -0x -1x 0x -6x 0x
Capitalization / Revenue 1.26x 0.68x 0.67x 0.66x 1.92x 1.85x 1.8x 1.78x
EV / Revenue 2.15x 2.02x 1.64x 1.53x 2.67x 2.56x 2.38x 2.27x
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 -68.7x 41.9x 37.4x
EV / FCF 10.8x 20.6x 11x 13.6x 32.2x 34.9x 21.2x 19x
FCF Yield 9.26% 4.86% 9.11% 7.36% 3.1% 2.87% 4.71% 5.26%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.54 -3.82 -1.28 -4.62 0.29 -1.247 0.0463 0.3849
Distribution rate - - - - - - - -
Net sales 1 12,191 33,817 41,321 39,321 37,296 37,008 37,992 38,382
EBITDA 1 3,817 7,718 10,200 9,032 8,744 8,539 8,680 8,623
EBIT 1 2,012 -7,370 -1,548 -10,032 738 -1,379 2,161 2,331
Net income 1 1,006 -7,371 -3,126 -11,311 727 -3,110 234.6 931.9
Net Debt 1 10,854 45,268 39,889 34,193 28,001 26,410 22,199 18,782
Reference price 2 23.54 9.48 11.38 10.57 28.82 27.27 27.27 27.27
Nbr of stocks (in thousands) 658,571 2,428,396 2,438,566 2,453,165 2,479,487 2,506,679 - -
Announcement Date 24/2/22 23/2/23 23/2/24 27/2/25 26/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-21.86x2.56x11.1x-.--% 68.36B
15.19x1.48x6.6x1.07% 22.28B
15.28x0.86x5.71x7.68% 5.41B
5.64x2.06x5.84x4.06% 5.59B
8.52x1.05x3.42x3.39% 5.1B
12.64x0.89x6.16x1.61% 4.32B
11.53x2.46x4.75x3.2% 2.03B
12.67x0.7x7.4x3.35% 1.99B
47.55x1.11x22.99x - 1.88B
Average 11.91x 1.46x 8.22x 3.04% 12.99B
Weighted average by Cap. -6.89x 2.07x 9.24x 1.09%

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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