Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 289,727 - -
Change - -50.82% 62.39% 78.79% 4.28% -27.07% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 294,663 290,821 276,392
Change - -49.49% 58.04% 75.51% 4.05% -26.83% -1.3% -4.96%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 19.4x 18.3x 15.3x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.26x 7.94x 6.71x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.92x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.66x 5.08x 4.62x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.75x 5.1x 4.41x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.3x 14.5x 11.9x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.3x 15.2x 12.5x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 22.9x 20.5x 16.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.37% 4.87% 6.02%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.808 4.556
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,215 56,980 62,730
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,055 20,014 23,234
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,125 19,109 22,186
Net income 1 5,116 4,492 5,408 8,712 10,981 15,263 15,837 18,427
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 1,094 -13,335
Reference price 2 60.24 29.49 48.69 89.13 93.76 69.58 69.58 69.58
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.($)
16.67x8.14x17.39x0.25% 4,190B
23.23x7.35x12.93x0.29% 1,847B
14.88x3.97x9.19x1.37% 494B
28.21x13.23x20.91x0.64% 483B
19.42x5.75x17.28x-.--% 290B
21.02x1.52x10.44x1.01% 267B
92.29x12.12x65.11x-.--% 191B
21.46x2.46x12.51x-.--% 140B
7.99x0.88x3.8x-.--% 111B
Average 27.24x 6.16x 18.84x 0.4% 890.34B
Weighted average by Cap. 20.78x 7.60x 16.69x 0.36%

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