Company Valuation: Warner Music Group Corp.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 21,985 11,950 16,202 16,211 17,754 15,174 - -
Change - -45.65% 35.59% 0.05% 9.52% -14.53% - -
Enterprise Value (EV) 1 24,832 15,098 19,525 19,531 21,587 18,824 18,482 18,292
Change - -39.2% 29.33% 0.03% 10.53% -12.8% -1.82% -1.03%
P/E ratio 73.7x 21.9x 38.3x 37.7x 49.4x 22.4x 17.4x 15.5x
PBR 709x 78.6x 52.8x 31.3x 27.4x 16x 10.7x 7.98x
PEG - 0.3x -1.7x 30.91x -2.9x 0.2x 0.6x 1.3x
Capitalization / Revenue 4.15x 2.02x 2.68x 2.52x 2.65x 2.14x 2.02x 1.9x
EV / Revenue 4.68x 2.55x 3.23x 3.04x 3.22x 2.65x 2.46x 2.29x
EV / EBITDA 22.8x 12.6x 14.9x 13.6x 15x 11.4x 10.1x 9.1x
EV / EBIT 34.9x 21.1x 21.6x 23.7x 21.5x 15.9x 13.4x 12x
EV / FCF 45.6x 24.9x 34.9x 30.6x 40.1x 20.4x 17.9x 15.2x
FCF Yield 2.19% 4.02% 2.87% 3.27% 2.5% 4.9% 5.59% 6.6%
Dividend per Share 2 0.51 0.61 0.61 0.69 0.73 0.7677 0.8262 0.8701
Rate of return 1.19% 2.63% 1.94% 2.2% 2.14% 2.59% 2.79% 2.94%
EPS 2 0.58 1.06 0.82 0.83 0.69 1.319 1.699 1.906
Distribution rate 87.9% 57.5% 74.4% 83.1% 106% 58.2% 48.6% 45.7%
Net sales 1 5,301 5,919 6,037 6,426 6,707 7,095 7,509 7,991
EBITDA 1 1,090 1,196 1,311 1,432 1,443 1,652 1,839 2,011
EBIT 1 712 714 903 823 1,006 1,186 1,380 1,530
Net income 1 304 551 430 435 365 705.4 891.3 1,010
Net Debt 1 2,847 3,148 3,323 3,320 3,833 3,650 3,308 3,118
Reference price 2 42.74 23.21 31.40 31.30 34.06 29.59 29.59 29.59
Nbr of stocks (in thousands) 514,386 514,849 515,993 517,919 521,267 522,341 - -
Announcement Date 15/11/21 22/11/22 16/11/23 21/11/24 20/11/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.03x2.65x11.39x2.64% 15.17B
86.45x4.19x12.5x1.07% 16.72B
44.34x2.63x735.48x1.84% 15.73B
23.82x4.78x14.31x1.61% 3.44B
13.61x0.94x6.89x2.41% 3.17B
40.81x13.89x70.42x2.39% 2.6B
Average 38.51x 4.84x 141.83x 1.99% 9.47B
Weighted average by Cap. 47.66x 3.64x 214.74x 1.87%
See all sector valuations

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

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