Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 309,006 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.22% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 313,942 309,063 295,436
Change - -49.49% 58.04% 75.51% 4.05% -22.04% -1.55% -4.41%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.7x 19.5x 16.3x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10x 8.39x 6.89x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.05x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.03x 5.42x 4.92x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.13x 5.42x 4.7x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.4x 15.4x 12.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.5x 16.2x 13.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.4x 21.8x 17.8x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.1% 4.59% 5.63%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.583 3.812 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,219 57,004 62,799
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,082 23,324
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,126 22,222
Net income 1 5,116 4,492 5,408 8,712 10,981 15,261 15,842 18,432
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 56.59 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 74.21 74.21 74.21
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.($)
15.8x4.29x10.03x1.3% 539B
20.87x6.18x18.56x-.--% 311B
24.08x2.81x14.29x-.--% 160B
34.98x6.94x19.46x-.--% 109B
35.53x4.12x27.29x-.--% 103B
11.3x8.53x99.57x0.59% 100B
82.63x4.88x23.25x-.--% 91.86B
3.27x64.39x2.33x0.16% 88.1B
9.34x3.01x50.91x0.68% 40.72B
Average 26.42x 11.68x 29.52x 0.3% 171.49B
Weighted average by Cap. 23.16x 8.40x 21.25x 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