Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 291,851 - -
Change - -50.82% 62.39% 78.79% 4.28% -26.54% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 296,729 290,723 278,280
Change - -49.49% 58.04% 75.51% 4.05% -26.31% -2.02% -4.28%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 19.6x 18.4x 15.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.45x 7.92x 6.51x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.84x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.7x 5.12x 4.65x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.79x 5.1x 4.43x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.4x 14.5x 11.9x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.4x 15.2x 12.5x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23x 20.4x 16.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.35% 4.91% 6.01%
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 16,137 19,139 22,243
Net income 1 5,116 4,492 5,408 8,712 10,981 15,274 15,858 18,459
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 70.09 70.09 70.09
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.62x3.98x9.28x1.41% 498B
3.84x78.55x2.84x0.14% 100B
33.15x4.03x26.58x-.--% 99.24B
10.3x7.56x86.64x0.67% 88.43B
27.73x5.21x14.72x-.--% 83.74B
67.96x3.96x19.32x-.--% 75.34B
7.95x2.63x41.34x0.78% 35.46B
697.58x4.51x213x-.--% 26.72B
11.89x1.82x9.58x1.8% 42.92B
Average 97.22x 12.47x 47.03x 0.53% 116.6B
Weighted average by Cap. 36.91x 11.37x 24.26x 0.84%

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