Financials Paramount Global

Equities

PARA

US92556H2067

Broadcasting

Market Closed - Nasdaq Other stock markets 21:00:00 13/09/2024 BST			5-day change	1st Jan Change
10.57 ^USD	+3.02%		+4.76%	-28.53%

09-06	Paramount Chair Likely Due $180 Million in Severance Benefits after Sale, Bloomberg Says	MT
09-06	Work is good for your health (stock market)

Projected Income Statement: Paramount Global

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	27,812	25,285	28,586	30,154	29,652	29,849	29,965	30,692
Change	-	-9.09%	13.06%	5.49%	-1.66%	0.66%	0.39%	2.43%
EBITDA ¹	5,531	5,132	4,444	3,276	2,390	3,073	3,077	3,270
Change	-	-7.21%	-13.41%	-26.28%	-27.05%	28.58%	0.13%	6.26%
EBIT ¹	5,088	4,702	4,054	2,871	1,972	-4,975	2,559	2,928
Change	-	-7.59%	-13.78%	-29.18%	-31.31%	-	-	14.42%
Interest Paid ¹	-962	-1,031	-986	-	-920	-869.8	-870.9	-812.7
Earnings before Tax (EBT) ¹	3,345	3,147	5,206	1,266	-1,253	-5,833	1,717	2,158
Change	-	-5.92%	65.43%	-75.68%	-	-365.51%	-	25.64%
Net income ¹	3,308	2,422	4,543	1,104	-608	-5,859	958.7	1,210
Change	-	-26.78%	87.57%	-75.7%	-	-863.72%	-	26.23%
Announcement Date	20/02/20	24/02/21	15/02/22	16/02/23	28/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	3,295	6,871	6,669	6,275	6,116	6,874	7,412	6,564	6,610	8,000	7,328	7,779	6,916	8,131	7,265	7,616	7,133	7,638	7,685	6,813	7,062	8,291	7,327	7,082	7,277	8,187	7,212	7,085
Change	-	108.53%	-2.94%	-5.91%	-2.53%	12.39%	7.83%	-11.44%	0.7%	21.03%	-8.4%	6.15%	-11.09%	17.57%	-10.65%	4.83%	-6.34%	7.08%	0.62%	-11.35%	3.66%	17.4%	-11.62%	-3.36%	2.76%	12.51%	-11.92%	-1.76%
EBITDA ¹	633	1,164	1,263	1,689	1,109	1,183	1,627	1,240	1,020	557	913	963	786	614	548	606	716	520	987	867	653.8	570.6	947.9	764	833.9	639.9	760.5	674.9
Change	-	83.89%	8.51%	33.73%	-34.34%	6.67%	37.53%	-23.79%	-17.74%	-45.39%	63.91%	5.48%	-18.38%	-21.88%	-10.75%	10.58%	18.15%	-27.37%	89.81%	-12.16%	-24.59%	-12.73%	66.12%	-19.4%	9.15%	-23.26%	18.84%	-11.25%
EBIT ¹	581	1,044	1,150	1,565	1,011	1,084	1,528	1,145	925	456	817	869	694	491	448	501	611	412	-417	678	324.5	455.2	785.3	551.4	837.3	545.3	557	629
Change	-	79.69%	10.15%	36.09%	-35.4%	7.22%	40.96%	-25.07%	-19.21%	-50.7%	79.17%	6.36%	-20.14%	-29.25%	-8.76%	11.83%	21.96%	-32.57%	-	-	-52.14%	40.29%	72.51%	-29.78%	51.85%	-34.87%	2.14%	12.93%
Charge d'intérêts ¹	-114	-239	-227	-263	-259	-268	-246	-243	-243	-241	-240	-230	-231	-	-226	-240	-232	-222	-221	-215	-216.7	-217.8	-215	-213	-202	-194	-192	-190
Earnings before Tax (EBT) ¹	375	-269	657	937	671	983	1,155	1,018	616	2,417	470	519	323	-46	-1,463	-349	376	183	-635	-5,547	112.9	252.1	601.8	423	578.8	276.2	393	480
Change	-	-	-	42.62%	-28.39%	46.5%	17.5%	-11.86%	-39.49%	292.37%	-80.55%	10.43%	-37.76%	-	3,080.43%	-76.14%	-	-51.33%	-	773.54%	-	123.24%	138.73%	-29.71%	36.82%	-52.27%	42.26%	22.14%
Net income ¹	319	-258	516	481	615	810	911	1,036	538	2,058	433	419	231	21	-1,118	-299	295	514	-554	-5,413	41.37	70.38	364	238.5	351	109.5	206	283
Change	-	-	-	-6.78%	27.86%	31.71%	12.47%	13.72%	-48.07%	282.53%	-78.96%	-3.23%	-44.87%	-90.91%	-	-73.26%	-	74.24%	-	877.08%	-	70.1%	417.21%	-34.48%	47.17%	-68.8%	88.13%	37.38%
Announcement Date	12/11/19	20/02/20	07/05/20	06/08/20	06/11/20	24/02/21	06/05/21	05/08/21	04/11/21	15/02/22	03/05/22	04/08/22	02/11/22	16/02/23	04/05/23	07/08/23	02/11/23	28/02/24	29/04/24	08/08/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Paramount Global

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	18,087	16,749	11,442	-	12,142	12,159	11,822	10,538
Change	-	-7.4%	-31.69%	-	-	0.14%	-2.77%	-10.86%
Announcement Date	20/02/20	24/02/21	15/02/22	16/02/23	28/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Paramount Global

Fiscal Period: December	2019	2020	2021	2023	2024	2025	2026
CAPEX ¹	353	324	354	328	257.6	314.3	314
Change	-	-8.22%	9.26%	-	-21.48%	22.03%	-0.11%
Free Cash Flow (FCF) ¹	877	1,970	599	56	336.6	589.2	1,020
Change	-	124.63%	-69.59%	-	500.99%	75.08%	73.11%
Announcement Date	20/02/20	24/02/21	15/02/22	28/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Paramount Global

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	19.89%	20.3%	15.55%	10.86%	8.06%	10.3%	10.27%	10.65%
EBIT Margin (%)	18.29%	18.6%	14.18%	9.52%	6.65%	-16.67%	8.54%	9.54%
EBT Margin (%)	12.03%	12.45%	18.21%	4.2%	-4.23%	-19.54%	5.73%	7.03%
Net margin (%)	11.89%	9.58%	15.89%	3.66%	-2.05%	-19.63%	3.2%	3.94%
FCF margin (%)	3.15%	7.79%	2.1%	-	0.19%	1.13%	1.97%	3.32%
FCF / Net Income (%)	26.51%	81.34%	13.19%	-	-9.21%	-5.74%	61.46%	84.28%
Profitability
ROA	6.57%	5.08%	4.12%	-	-1.09%	2.97%	2.62%	3.2%
ROE	26.12%	18.16%	12.14%	-	1.76%	4.73%	4.93%	5.62%
Financial Health
Leverage (Debt/EBITDA)	3.27x	3.26x	2.57x	-	5.08x	3.96x	3.84x	3.22x
Debt / Free cash flow	20.62x	8.5x	19.1x	-	216.82x	36.13x	20.06x	10.33x
Capital Intensity
CAPEX / Current Assets (%)	1.27%	1.28%	1.24%	-	1.11%	0.86%	1.05%	1.02%
CAPEX / EBITDA (%)	6.38%	6.31%	7.97%	-	13.72%	8.38%	10.21%	9.6%
CAPEX / FCF (%)	40.25%	16.45%	59.1%	-	585.71%	76.53%	53.34%	30.78%
Items per share
Cash flow per share ¹	1.994	3.712	1.455	-	0.589	1.002	1.683	2.146
Change	-	86.2%	-60.81%	-	-	70.16%	67.9%	27.52%
Dividend per Share ¹	0.78	0.96	0.96	-	0.39	0.2032	0.2	0.2
Change	-	23.08%	0%	-	-	-47.89%	-1.6%	-0.01%
Book Value Per Share ¹	21.47	24.91	34.95	-	34.52	25.28	26.33	27.79
Change	-	16%	40.3%	-	-	-26.78%	4.17%	5.54%
EPS ¹	5.36	3.92	6.94	1.61	-1.02	-8.791	1.588	1.786
Change	-	-26.87%	77.04%	-76.8%	-163.35%	761.86%	-118.07%	12.41%
Nbr of stocks (in thousands)	615,000	617,246	647,414	649,174	651,406	666,714	666,714	666,714
Announcement Date	20/02/20	24/02/21	15/02/22	16/02/23	28/02/24	-	-	-