Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 266,852 131,228 213,097 381,002 397,291 377,498 - -
Change - -50.82% 62.39% 78.79% 4.28% -4.98% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 378,983 374,410 366,773
Change - -49.49% 58.04% 75.51% 4.05% -5.89% -1.21% -2.04%
P/E ratio 53.6x 29.6x 40.5x 44.9x 37.1x 24.9x 23.4x 19.6x
PBR 17.3x 6.4x 10.4x 15.8x 15x 11.2x 9.48x 7.86x
PEG - -2.6x 1.9x 0.7x 1.3x 0.6x 3.56x 1x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 7.34x 6.58x 5.97x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 7.37x 6.52x 5.8x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 22.1x 18.3x 15.3x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 23.3x 19.3x 16.2x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 28.8x 26.3x 21.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.47% 3.81% 4.63%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.594 3.831 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,406 57,409 63,244
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,130 20,438 23,943
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,274 19,424 22,673
Net income 1 5,116 4,492 5,408 8,712 10,981 15,368 16,183 19,003
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,485 -3,088 -10,725
Reference price 2 60.24 29.49 48.69 89.13 93.76 89.65 89.65 89.65
Nbr of stocks (in thousands) 4,429,522 4,450,205 4,376,797 4,274,581 4,237,323 4,210,799 - -
Announcement Date 1/20/22 A 1/19/23 A 1/23/24 A 1/21/25 A 1/20/26 A - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.21x7.16x21.48x-.--% 366B
15.3x4.2x9.92x1.35% 526B
25.48x2.64x13.61x-.--% 153B
9.96x12.09x120.47x0.42% 105B
5.58x83.47x3.14x0.14% 96.65B
29.19x3.53x22.89x-.--% 89.84B
26.14x4.86x13.7x-.--% 78.85B
61.95x3.64x17.71x-.--% 69.37B
8.77x4.05x43.16x0.51% 39.38B
13.37x1.17x6.19x0.76% 27.33B
Average 22.00x 12.68x 27.23x 0.32% 155.19B
Weighted average by Cap. 20.68x 10.13x 22.17x 0.52%

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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