Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 312,399 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.37% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 314,154 308,502 301,716
Change - -49.49% 58.04% 75.51% 4.05% -21.99% -1.8% -2.2%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21.6x 20.3x 17x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.72x 8.21x 6.82x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.09x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.08x 5.44x 4.94x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.11x 5.38x 4.77x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.4x 15.1x 12.6x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.3x 15.9x 13.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.9x 21.6x 17.8x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.19% 4.62% 5.61%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.592 3.828 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,396 57,387 63,286
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,094 20,415 23,919
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,269 19,412 22,666
Net income 1 5,116 4,492 5,408 8,712 10,981 15,360 16,177 19,003
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 77.65 77.65 77.65
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.41x3.93x9.16x1.43% 492B
23.93x2.56x13.2x-.--% 148B
6.43x137.56x5.02x0.09% 149B
32.4x3.94x25.79x-.--% 97.15B
9.55x8.09x89.45x0.66% 92.84B
28.96x5.47x15.46x-.--% 87.43B
73.91x4.37x21.35x-.--% 82.29B
8.23x2.91x41.31x0.59% 38.46B
696.83x4.5x212.76x-.--% 27.04B
Average 99.41x 19.26x 48.17x 0.31% 134.97B
Weighted average by Cap. 35.73x 20.62x 23.44x 0.66%

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