Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 305,467 - -
Change - -50.82% 62.39% 78.79% 4.28% -23.11% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 310,402 306,441 291,897
Change - -49.49% 58.04% 75.51% 4.05% -22.92% -1.28% -4.75%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.5x 19.2x 16.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.67x 8.3x 6.98x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.99x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.96x 5.36x 4.87x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.06x 5.38x 4.65x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.2x 15.3x 12.5x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.2x 16x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.1x 21.6x 17.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.15% 4.62% 5.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.814 4.57
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,221 57,005 62,787
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,052 23,316
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,131 19,144 22,261
Net income 1 5,116 4,492 5,408 8,712 10,981 15,266 15,846 18,446
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 974.8 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.36 73.36 73.36
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 1/19/23 1/23/24 1/21/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.82x3.95x9.15x1.38% 493B
20.47x6.06x18.21x-.--% 305B
21.87x2.54x12.92x-.--% 145B
36.93x4.31x28.16x-.--% 106B
3.03x82.31x2.29x0.14% 108B
31.4x6.15x17.28x-.--% 98.37B
10.16x7.34x88.19x0.67% 87.43B
75x4.43x21.12x-.--% 83.99B
7.63x2.9x60.16x0.79% 32.84B
Average 24.59x 13.33x 28.61x 0.33% 162.25B
Weighted average by Cap. 21.57x 10.43x 19.41x 0.53%

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

-40%: Exceptional extension
d
:
:
SEIZE THE OFFER!