Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 343,896 - -
Change - -50.82% 62.39% 78.79% 4.28% -13.44% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 345,381 339,975 333,171
Change - -49.49% 58.04% 75.51% 4.05% -14.23% -1.57% -2%
P/E Ratio 53.6x 29.6x 40.5x 44.9x 37.1x 22.7x 21.3x 17.9x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.2x 8.63x 7.16x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.26x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.69x 5.99x 5.43x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.72x 5.92x 5.26x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 20.2x 16.6x 13.9x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 21.2x 17.5x 14.7x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 26.2x 23.8x 19.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.81% 4.2% 5.09%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.594 3.829 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,403 57,395 63,299
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,128 20,430 23,952
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,273 19,417 22,673
Net income 1 5,116 4,492 5,408 8,712 10,981 15,367 16,177 19,003
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,485 -3,921 -10,725
Reference price 2 60.24 29.49 48.69 89.13 93.76 81.67 81.67 81.67
Nbr of stocks (in thousands) 4,429,522 4,450,205 4,376,797 4,274,581 4,237,323 4,210,799 - -
Announcement Date 20/01/22 19/01/23 23/01/24 21/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.47x4.25x9.88x1.33% 528B
23.38x2.43x12.53x-.--% 148B
5.06x102.24x3.8x0.11% 123B
9.92x12.37x120.83x0.43% 106B
32.49x3.95x25.68x-.--% 98.67B
26.02x4.83x13.65x-.--% 82.47B
58.91x3.42x16.72x-.--% 73.24B
8.87x4.1x43.83x0.5% 40.3B
12.91x1.02x5.31x1.63% 25.57B
Average 21.45x 15.40x 28.03x 0.45% 136.23B
Weighted average by Cap. 19.30x 14.45x 22.15x 0.67%

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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