Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 310,210 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.92% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 311,726 306,313 299,526
Change - -49.49% 58.04% 75.51% 4.05% -22.59% -1.74% -2.22%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.6x 19.3x 16.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.23x 7.81x 6.5x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.83x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.04x 5.41x 4.91x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.07x 5.34x 4.74x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.2x 15x 12.6x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.2x 15.8x 13.2x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.7x 21.2x 17.9x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.22% 4.72% 5.59%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.826 4.569
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,384 57,323 63,205
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,087 20,365 23,779
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,261 19,374 22,628
Net income 1 5,116 4,492 5,408 8,712 10,981 15,361 16,142 18,987
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,517 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.68 73.68 73.68
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.($)
15.35x4.19x9.78x1.34% 523B
23.75x2.54x13.09x-.--% 147B
4.16x86.49x3.13x0.13% 105B
32.83x3.99x26.27x-.--% 98.92B
10.84x8.22x93.58x0.65% 94.97B
28.81x5.47x15.44x-.--% 86.97B
73.67x4.32x21.11x-.--% 81.82B
7.81x2.92x44.77x0.7% 39.17B
712.9x4.61x217.85x-.--% 27.38B
Average 101.12x 13.64x 49.45x 0.31% 133.75B
Weighted average by Cap. 37.03x 11.56x 24.62x 0.67%

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