Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 306,341 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.89% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 311,220 305,213 292,771
Change - -49.49% 58.04% 75.51% 4.05% -22.72% -1.93% -4.08%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.5x 19.3x 16.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.92x 8.32x 6.83x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.98x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.98x 5.37x 4.88x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.08x 5.35x 4.66x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.3x 15.2x 12.6x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.3x 16x 13.2x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.1x 21.4x 17.5x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.14% 4.67% 5.71%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.813 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,209 57,006 62,801
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,084 23,326
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,131 22,232
Net income 1 5,116 4,492 5,408 8,712 10,981 15,265 15,852 18,447
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,879 -1,128 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.57 73.57 73.57
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 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, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.35x4.43x10.36x1.26% 558B
23.88x2.54x13.17x-.--% 147B
33.43x3.9x25.11x-.--% 98.32B
11.75x8.71x99.79x0.59% 102B
3.67x75.15x2.72x0.15% 97.82B
29.48x5.57x15.74x-.--% 88.98B
79.71x4.68x22.86x-.--% 88.18B
9.4x3.12x48.98x0.66% 41.94B
191.15x2.84x82.9x-.--% 30.19B
Average 44.31x 12.33x 35.73x 0.29% 139.13B
Weighted average by Cap. 26.58x 10.06x 22.84x 0.64%

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