Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 301,428 - -
Change - -50.82% 62.39% 78.79% 4.28% -24.13% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 306,306 300,300 287,858
Change - -49.49% 58.04% 75.51% 4.05% -23.94% -1.96% -4.14%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.2x 19x 15.9x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.76x 8.18x 6.72x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.93x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.89x 5.29x 4.8x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.98x 5.27x 4.58x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18x 15x 12.3x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19x 15.7x 12.9x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.8x 21.1x 17.2x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.21% 4.75% 5.81%
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 16,128 19,131 22,232
Net income 1 5,116 4,492 5,408 8,712 10,981 15,265 15,852 18,447
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 72.39 72.39 72.39
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.($)
14.9x4.05x9.47x1.38% 507B
22.4x2.4x12.44x-.--% 139B
34.01x4.15x27.34x-.--% 102B
3.79x77.34x2.8x0.14% 98.3B
10.61x7.77x89.06x0.65% 90.99B
28.88x5.46x15.41x-.--% 87.16B
72.46x4.24x20.7x-.--% 80.33B
8.21x2.72x42.73x0.75% 36.64B
737.06x4.77x225.51x-.--% 28.35B
Average 103.59x 12.55x 49.49x 0.33% 129.94B
Weighted average by Cap. 38.48x 10.41x 24.50x 0.69%

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