Company Valuation: Warner Bros. Discovery, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 15,332 23,021 27,751 25,930 71,459 68,884 - -
Change - 50.15% 20.54% -6.56% 175.58% -3.6% - -
Enterprise Value (EV) 1 26,186 68,289 67,640 60,123 99,460 95,293 91,082 87,666
Change - 160.79% -0.95% -11.11% 65.43% -4.19% -4.42% -3.75%
P/E 15.3x -2.48x -8.89x -2.29x 99.4x -22x 594x 71.4x
PBR 1.03x 0.39x 0.61x 0.76x 1.81x 2.04x 2.03x 2.03x
PEG - 0x 0.1x -0x -1x 0x -6x 0x
Capitalization / Revenue 1.26x 0.68x 0.67x 0.66x 1.92x 1.86x 1.81x 1.79x
EV / Revenue 2.15x 2.02x 1.64x 1.53x 2.67x 2.57x 2.4x 2.28x
EV / EBITDA 6.86x 8.85x 6.63x 6.66x 11.4x 11.2x 10.5x 10.2x
EV / EBIT 13x -9.27x -43.7x -5.99x 135x -69.1x 42.2x 37.6x
EV / FCF 10.8x 20.6x 11x 13.6x 32.2x 35.1x 21.4x 19.1x
FCF Yield 9.26% 4.86% 9.11% 7.36% 3.1% 2.85% 4.68% 5.23%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.54 -3.82 -1.28 -4.62 0.29 -1.247 0.0463 0.3849
Distribution rate - - - - - - - -
Net sales 1 12,191 33,817 41,321 39,321 37,296 37,008 37,992 38,382
EBITDA 1 3,817 7,718 10,200 9,032 8,744 8,539 8,680 8,623
EBIT 1 2,012 -7,370 -1,548 -10,032 738 -1,379 2,161 2,331
Net income 1 1,006 -7,371 -3,126 -11,311 727 -3,110 234.6 931.9
Net Debt 1 10,854 45,268 39,889 34,193 28,001 26,410 22,199 18,782
Reference price 2 23.54 9.48 11.38 10.57 28.82 27.48 27.48 27.48
Nbr of stocks (in thousands) 658,571 2,428,396 2,438,566 2,453,165 2,479,487 2,506,679 - -
Announcement Date 2/24/22 2/23/23 2/23/24 2/27/25 2/26/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-22.03x2.57x11.16x-.--% 68.88B
14.88x1.45x6.49x1.09% 21.86B
15.21x0.86x5.68x7.72% 5.38B
5.4x2.03x5.75x4.24% 5.36B
8.23x1.02x3.33x3.51% 4.92B
12.69x0.9x6.19x1.6% 4.34B
11.49x2.44x4.72x3.21% 2.03B
12.57x0.69x7.32x3.38% 1.98B
47.33x1.11x22.85x - 1.87B
13.42x1.05x5.89x9.8% 1.71B
Average 11.92x 1.41x 7.94x 3.84% 11.83B
Weighted average by Cap. -6.98x 2.06x 9.23x 1.22%

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

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