Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 308,946 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.24% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 310,702 305,050 298,263
Change - -49.49% 58.04% 75.51% 4.05% -22.84% -1.82% -2.22%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.4x 19.2x 16x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.19x 7.76x 6.44x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.87x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.01x 5.38x 4.88x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.05x 5.31x 4.71x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.2x 14.9x 12.5x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.1x 15.7x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.6x 21.1x 17.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.24% 4.75% 5.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.591 3.831 4.573
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,392 57,395 63,307
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,100 20,427 23,894
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,268 19,426 22,689
Net income 1 5,116 4,492 5,408 8,712 10,981 15,364 16,191 19,025
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.37 73.37 73.37
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.($)
15.44x4.21x9.81x1.33% 527B
24.62x2.62x13.54x-.--% 152B
4.92x106.94x3.87x0.11% 124B
32.72x3.99x26.18x-.--% 98.65B
29.23x5.56x15.69x-.--% 88.21B
75.26x4.42x21.6x-.--% 83.58B
7.56x2.96x45.51x0.69% 39.79B
721.62x4.67x220.62x-.--% 27.91B
12.15x0.95x4.98x1.75% 23.76B
Average 102.61x 15.15x 40.20x 0.43% 129.36B
Weighted average by Cap. 38.92x 14.91x 18.52x 0.68%

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