Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 334,031 - -
Change - -50.82% 62.39% 78.79% 4.28% -15.92% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 338,967 334,088 320,461
Change - -49.49% 58.04% 75.51% 4.05% -15.82% -1.44% -4.08%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 22.4x 21x 17.5x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.6x 9.06x 7.44x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.22x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.52x 5.86x 5.32x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.62x 5.86x 5.1x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.9x 16.6x 13.8x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 21x 17.4x 14.4x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 26.3x 23.6x 19.3x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.8% 4.24% 5.19%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.818 4.576
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,220 57,006 62,811
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,082 23,263
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,130 19,160 22,288
Net income 1 5,116 4,492 5,408 8,712 10,981 15,266 15,865 18,481
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 80.14 80.14 80.14
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 20/01/22 19/01/23 23/01/24 21/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.54x4.12x9.52x1.32% 512B
22.38x6.62x19.88x-.--% 334B
23.79x2.79x14.2x-.--% 159B
35.24x6.99x19.66x-.--% 110B
37.49x4.37x28.91x-.--% 110B
2.7x70.66x1.89x0.15% 95.1B
85.43x5.07x24.25x-.--% 95.42B
10.48x7.97x92.97x0.64% 93.36B
8.55x2.75x59.71x0.74% 37.25B
Average 26.84x 12.37x 30.11x 0.32% 171.79B
Weighted average by Cap. 23.87x 9.10x 21.03x 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