Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 313,073 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.2% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 317,366 311,945 299,503
Change - -49.49% 58.04% 75.51% 4.05% -21.19% -1.71% -3.99%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.9x 19.5x 16.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.1x 8.42x 6.86x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.81x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.11x 5.49x 4.98x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.19x 5.47x 4.77x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.6x 15.5x 12.8x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.6x 16.3x 13.4x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.6x 21.8x 17.9x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.07% 4.59% 5.59%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.561 3.808 4.543
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,230 57,047 62,836
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,082 23,309
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,153 19,171 22,300
Net income 1 5,116 4,492 5,408 8,712 10,981 15,263 15,900 18,512
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,293 -1,128 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 74.35 74.35 74.35
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 1/19/23 1/23/24 1/21/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.29x4.44x10.38x1.27% 554B
24.29x2.6x13.47x-.--% 151B
4.23x88.55x3.21x0.13% 108B
32.54x3.95x25.97x-.--% 97.89B
11.15x8.39x94.68x0.6% 97.83B
29.07x5.52x15.59x-.--% 87.72B
73.27x4.29x20.94x-.--% 81.2B
9.04x3.03x44.55x0.68% 40.32B
713.65x4.62x218.09x-.--% 27.32B
Average 101.50x 13.93x 49.65x 0.3% 138.34B
Weighted average by Cap. 36.77x 11.79x 24.70x 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