Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 292,725 - -
Change - -50.82% 62.39% 78.79% 4.28% -26.32% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 297,661 293,819 279,390
Change - -49.49% 58.04% 75.51% 4.05% -26.08% -1.29% -4.91%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 19.6x 18.5x 15.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.35x 8.03x 6.78x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.95x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.72x 5.14x 4.67x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.81x 5.16x 4.45x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.5x 14.7x 12x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.5x 15.4x 12.6x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.1x 20.7x 16.8x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.32% 4.82% 5.95%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.808 4.556
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,215 56,980 62,730
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,055 20,014 23,234
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,125 19,109 22,186
Net income 1 5,116 4,492 5,408 8,712 10,981 15,263 15,837 18,427
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 1,094 -13,335
Reference price 2 60.24 29.49 48.69 89.13 93.76 70.30 70.30 70.30
Nbr of stocks (in thousands) 4,429,522 4,450,205 4,376,797 4,274,581 4,237,323 4,163,940 - -
Announcement Date 20/1/22 19/1/23 23/1/24 21/1/25 20/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.52x8.06x17.22x0.26% 4,150B
23.67x7.49x13.17x0.29% 1,882B
14.92x3.98x9.21x1.37% 495B
28.83x13.52x21.36x0.63% 494B
19.62x5.81x17.45x-.--% 293B
21.07x1.52x10.47x1.01% 268B
92.26x12.12x65.07x-.--% 191B
21.69x2.49x12.67x-.--% 142B
7.94x0.87x3.76x-.--% 110B
Average 27.39x 6.21x 18.93x 0.39% 891.56B
Weighted average by Cap. 20.89x 7.61x 16.68x 0.36%

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