Financials Netflix, Inc.

Equities

NFLX

US64110L1061

Internet Services

Market Closed - Nasdaq 21:00:00 18/06/2024 BST 5-day change 1st Jan Change
685.7 USD +1.46% Intraday chart for Netflix, Inc. +5.48% +40.83%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 141,805 238,892 266,852 131,228 213,097 295,456 - -
Enterprise Value (EV) 1 151,546 246,995 276,217 139,522 220,503 303,204 301,399 300,742
P/E ratio 78.3 x 88.9 x 53.6 x 29.6 x 40.5 x 37.5 x 31.1 x 25.9 x
Yield - - - - - - - -
Capitalization / Revenue 7.04 x 9.56 x 8.99 x 4.15 x 6.32 x 7.64 x 6.83 x 6.16 x
EV / Revenue 7.52 x 9.88 x 9.3 x 4.41 x 6.54 x 7.84 x 6.97 x 6.27 x
EV / EBITDA 48.7 x 48.3 x 40.6 x 21.3 x 28.8 x 29.1 x 24.1 x 20.6 x
EV / FCF -46.3 x 129 x -1,738 x 86.2 x 31.8 x 46.6 x 35.4 x 29 x
FCF Yield -2.16% 0.78% -0.06% 1.16% 3.14% 2.15% 2.83% 3.44%
Price to Book 19.3 x 22.2 x 17.3 x 6.4 x 10.4 x 12.7 x 10.7 x 8.37 x
Nbr of stocks (in thousands) 438,251 441,795 442,952 445,020 437,680 430,901 - -
Reference price 2 323.6 540.7 602.4 294.9 486.9 685.7 685.7 685.7
Announcement Date 21/01/20 19/01/21 20/01/22 19/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 20,156 24,996 29,698 31,616 33,723 38,650 43,250 47,995
EBITDA 1 3,113 5,116 6,806 6,545 7,650 10,420 12,481 14,613
EBIT 1 2,604 4,585 6,195 5,633 6,954 9,640 11,630 13,791
Operating Margin 12.92% 18.34% 20.86% 17.82% 20.62% 24.94% 26.89% 28.73%
Earnings before Tax (EBT) 1 2,062 3,199 5,840 5,264 6,205 9,342 11,274 13,375
Net income 1 1,867 2,761 5,116 4,492 5,408 8,049 9,592 11,248
Net margin 9.26% 11.05% 17.23% 14.21% 16.04% 20.82% 22.18% 23.43%
EPS 2 4.130 6.080 11.24 9.950 12.03 18.26 22.08 26.46
Free Cash Flow 1 -3,274 1,922 -158.9 1,619 6,926 6,504 8,518 10,355
FCF margin -16.24% 7.69% -0.54% 5.12% 20.54% 16.83% 19.69% 21.57%
FCF Conversion (EBITDA) - 37.56% - 24.73% 90.53% 62.42% 68.25% 70.86%
FCF Conversion (Net income) - 69.59% - 36.03% 128.07% 80.81% 88.8% 92.06%
Dividend per Share 2 - - - - - - - -
Announcement Date 21/01/20 19/01/21 20/01/22 19/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 7,709 7,868 7,970 7,926 7,852 8,162 8,187 8,542 8,833 9,370 9,532 9,805 10,043 10,542 10,625
EBITDA 1 795.1 2,165 1,812 1,770 797.1 1,904 1,995 2,087 1,665 2,796 2,710 2,690 2,225 3,357 3,129
EBIT 1 631.8 1,972 1,578 1,533 549.9 1,714 1,827 1,916 1,496 2,633 2,541 2,522 2,034 3,175 2,914
Operating Margin 8.19% 25.06% 19.8% 19.34% 7% 21% 22.32% 22.44% 16.94% 28.09% 26.66% 25.72% 20.25% 30.12% 27.42%
Earnings before Tax (EBT) 1 550.9 1,980 1,623 1,622 39.34 1,469 1,679 1,909 1,148 2,615 2,431 2,407 1,908 3,060 2,826
Net income 1 607.4 1,597 1,441 1,398 55.28 1,305 1,488 1,677 937.8 2,332 2,085 2,060 1,630 2,601 2,387
Net margin 7.88% 20.3% 18.08% 17.64% 0.7% 15.99% 18.17% 19.64% 10.62% 24.89% 21.87% 21.01% 16.23% 24.67% 22.46%
EPS 2 1.330 3.530 3.200 3.100 0.1200 2.880 3.290 3.730 2.110 5.280 4.742 4.715 3.740 5.993 5.673
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 20/01/22 19/04/22 19/07/22 18/10/22 19/01/23 18/04/23 19/07/23 18/10/23 23/01/24 18/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,741 8,103 9,365 8,295 7,405 7,748 5,943 5,286
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.129 x 1.584 x 1.376 x 1.267 x 0.968 x 0.7436 x 0.4762 x 0.3617 x
Free Cash Flow 1 -3,274 1,922 -159 1,619 6,926 6,504 8,518 10,355
ROE (net income / shareholders' equity) 29.1% 29.6% 38% 24.5% 26.1% 34.5% 34.3% 34.6%
ROA (Net income/ Total Assets) 6.23% 7.54% 12.2% 9.64% 11.1% 15.5% 16.8% 17.1%
Assets 1 29,975 36,628 41,933 46,590 48,663 51,960 57,199 65,856
Book Value Per Share 2 16.80 24.40 34.80 46.00 46.60 53.90 64.30 81.90
Cash Flow per Share 2 -6.390 5.340 0.8600 4.490 16.20 15.40 20.60 25.20
Capex 1 253 498 525 408 349 422 459 461
Capex / Sales 1.26% 1.99% 1.77% 1.29% 1.03% 1.09% 1.06% 0.96%
Announcement Date 21/01/20 19/01/21 20/01/22 19/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
47
Last Close Price
685.7 USD
Average target price
647.6 USD
Spread / Average Target
-5.56%
Consensus
  1. Stock Market
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  4. Financials Netflix, Inc.