Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 298,638 - -
Change - -50.82% 62.39% 78.79% 4.28% -24.83% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 303,573 299,732 285,302
Change - -49.49% 58.04% 75.51% 4.05% -24.61% -1.27% -4.81%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20x 18.8x 15.7x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.46x 8.13x 6.84x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.99x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.83x 5.24x 4.76x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.93x 5.26x 4.55x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.8x 15x 12.3x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.8x 15.7x 12.9x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.6x 21.2x 17.2x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.24% 4.73% 5.83%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.809 4.557
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,219 56,985 62,738
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,013 23,234
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,127 19,117 22,202
Net income 1 5,116 4,492 5,408 8,712 10,981 15,266 15,846 18,446
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 1,094 -13,335
Reference price 2 60.24 29.49 48.69 89.13 93.76 71.72 71.72 71.72
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.($)
15.16x4.04x9.36x1.34% 503B
20.01x5.93x17.81x-.--% 299B
21.68x2.48x12.61x-.--% 141B
3.2x88.24x2.46x0.13% 115B
36.89x4.3x28.14x-.--% 105B
28.49x5.51x15.47x-.--% 89.26B
9.96x7.15x85.96x0.69% 85.14B
72.53x4.28x20.38x-.--% 81.26B
195.86x3.05x88.96x-.--% 32.13B
Average 44.87x 13.89x 31.24x 0.24% 161.17B
Weighted average by Cap. 25.16x 11.21x 19.49x 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