Company Valuation: Warner Bros. Discovery, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 19,082 15,332 23,021 27,751 25,930 28,823 - -
Change - -19.65% 50.15% 20.54% -6.56% 11.16% - -
Enterprise Value (EV) 1 32,395 26,186 68,289 67,640 60,123 59,046 55,121 51,504
Change - -19.17% 160.79% -0.95% -11.11% -1.79% -6.65% -6.56%
P/E ratio 16.6x 15.3x -2.48x -8.89x -2.29x -29.8x -56.9x -147x
PBR 1.44x 1.03x 0.39x 0.61x 0.76x 0.82x 0.82x 0.83x
PEG - -1x 0x 0.1x -0x 0.3x 1.2x 2.4x
Capitalization / Revenue 1.79x 1.26x 0.68x 0.67x 0.66x 0.76x 0.75x 0.74x
EV / Revenue 3.04x 2.15x 2.02x 1.64x 1.53x 1.55x 1.44x 1.32x
EV / EBITDA 7.72x 6.86x 8.85x 6.63x 6.66x 6.78x 6.14x 5.74x
EV / EBIT 12.9x 13x -9.27x -43.7x -5.99x 73.5x 41.2x 24.8x
EV / FCF 13.9x 10.8x 20.6x 11x 13.6x 15.4x 11.8x 10.9x
FCF Yield 7.21% 9.26% 4.86% 9.11% 7.36% 6.5% 8.45% 9.19%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.81 1.54 -3.82 -1.28 -4.62 -0.3911 -0.2046 -0.0795
Distribution rate - - - - - - - -
Net sales 1 10,671 12,191 33,817 41,321 39,321 37,975 38,371 38,976
EBITDA 1 4,196 3,817 7,718 10,200 9,032 8,705 8,977 8,967
EBIT 1 2,515 2,012 -7,370 -1,548 -10,032 803.1 1,339 2,078
Net income 1 1,219 1,006 -7,371 -3,126 -11,311 -977.9 -379.2 -172.6
Net Debt 1 13,313 10,854 45,268 39,889 34,193 30,223 26,298 22,681
Reference price 2 30.09 23.54 9.48 11.38 10.57 11.65 11.65 11.65
Nbr of stocks (in thousands) 675,677 658,571 2,428,396 2,438,566 2,453,165 2,474,075 - -
Announcement Date 22/02/21 24/02/22 23/02/23 23/02/24 27/02/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-30.5x1.56x6.77x-.--% 28.82B
13.1x1.62x7.52x0.96% 24.37B
13.09x0.87x5.52x15.41% 6.33B
14.18x2.34x7.64x4.02% 5.58B
15.04x - - 1.56% 5.24B
26.77x2.05x22.78x - 3.15B
11.25x1.81x8.54x - 2.8B
12.44x3.68x6.54x3.11% 2.61B
10.17x1.06x4.2x8.89% 1.93B
11.15x - - 2.22% 1.86B
Average 9.67x 1.87x 8.69x 4.52% 8.27B
Weighted average by Cap. -1.58x 1.67x 7.63x 2.36%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Warner Bros. Discovery, Inc.