Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 318,294 - -
Change - -50.82% 62.39% 78.79% 4.28% -19.88% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 320,050 314,398 307,611
Change - -49.49% 58.04% 75.51% 4.05% -20.52% -1.77% -2.16%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21.1x 19.7x 16.5x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.46x 7.99x 6.64x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.95x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.19x 5.55x 5.03x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.23x 5.48x 4.86x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.7x 15.4x 12.9x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.7x 16.2x 13.5x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.3x 22x 18.1x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.12% 4.54% 5.52%
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 51,393 57,401 63,322
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,099 20,438 23,919
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,266 19,433 22,707
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 75.59 75.59 75.59
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.46x4.23x9.84x1.33% 528B
24.55x2.62x13.51x-.--% 151B
4.74x101.99x3.69x0.11% 118B
33.76x4.12x26.99x-.--% 102B
10.41x8.27x94.54x0.65% 95.22B
29.25x5.54x15.64x-.--% 88.31B
76.6x4.54x22.18x-.--% 85.28B
7.52x2.95x45.3x0.7% 39.6B
720.99x4.67x220.42x-.--% 28.02B
Average 102.59x 15.44x 50.23x 0.31% 137.26B
Weighted average by Cap. 37.62x 13.75x 24.82x 0.65%

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