Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 306,904 - -
Change - -50.82% 62.39% 78.79% 4.28% -22.75% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 308,389 302,983 296,179
Change - -49.49% 58.04% 75.51% 4.05% -23.42% -1.75% -2.25%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.3x 19x 16x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.12x 7.71x 6.39x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.89x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.97x 5.35x 4.85x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6x 5.28x 4.68x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18x 14.8x 12.4x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19x 15.6x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.4x 21.2x 17.5x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.27% 4.71% 5.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.592 3.829 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,396 57,395 63,299
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,128 20,430 23,952
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,266 19,417 22,673
Net income 1 5,116 4,492 5,408 8,712 10,981 15,360 16,177 19,003
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,485 -3,921 -10,725
Reference price 2 60.24 29.49 48.69 89.13 93.76 72.88 72.88 72.88
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.($)
14.69x4.02x9.36x1.4% 506B
6.6x141.95x5.24x0.09% 153B
23.61x2.52x13.02x-.--% 146B
9.97x12.07x120.14x0.44% 101B
31.87x3.86x25.12x-.--% 96.25B
28.02x5.27x14.87x-.--% 84.52B
67.87x3.99x19.48x-.--% 75.58B
8.83x3.96x44.38x0.53% 38.09B
13.3x1.05x5.48x1.59% 26.12B
Average 22.75x 19.85x 28.57x 0.45% 136.3B
Weighted average by Cap. 19.68x 21.73x 21.66x 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

-40%: Exceptional extension
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