Company Valuation: Warner Bros. Discovery, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 19,082 15,332 23,021 27,751 25,930 26,151 - -
Change - -19.65% 50.15% 20.54% -6.56% 0.85% - -
Enterprise Value (EV) 1 32,395 26,186 68,289 67,640 60,123 56,744 52,732 48,646
Change - -19.17% 160.79% -0.95% -11.11% -5.62% -7.07% -7.75%
P/E ratio 16.6x 15.3x -2.48x -8.89x -2.29x -24.7x -55.1x -69.7x
PBR 1.44x 1.03x 0.39x 0.61x 0.76x 0.76x 0.76x 0.77x
PEG - -1x 0x 0.1x -0x 0.3x 1x 3.3x
Capitalization / Revenue 1.79x 1.26x 0.68x 0.67x 0.66x 0.69x 0.68x 0.67x
EV / Revenue 3.04x 2.15x 2.02x 1.64x 1.53x 1.5x 1.37x 1.25x
EV / EBITDA 7.72x 6.86x 8.85x 6.63x 6.66x 6.53x 5.85x 5.42x
EV / EBIT 12.9x 13x -9.27x -43.7x -5.99x 57.9x 32.2x 21.3x
EV / FCF 13.9x 10.8x 20.6x 11x 13.6x 13.6x 10.9x 9.99x
FCF Yield 7.21% 9.26% 4.86% 9.11% 7.36% 7.34% 9.18% 10%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.81 1.54 -3.82 -1.28 -4.62 -0.4281 -0.1918 -0.1517
Distribution rate - - - - - - - -
Net sales 1 10,671 12,191 33,817 41,321 39,321 37,936 38,366 38,981
EBITDA 1 4,196 3,817 7,718 10,200 9,032 8,694 9,015 8,969
EBIT 1 2,515 2,012 -7,370 -1,548 -10,032 979.6 1,638 2,284
Net income 1 1,219 1,006 -7,371 -3,126 -11,311 -913 -317.6 -151.8
Net Debt 1 13,313 10,854 45,268 39,889 34,193 30,593 26,581 22,495
Reference price 2 30.09 23.54 9.48 11.38 10.57 10.57 10.57 10.57
Nbr of stocks (in thousands) 675,677 658,571 2,428,396 2,438,566 2,453,165 2,474,075 - -
Announcement Date 2/22/21 2/24/22 2/23/23 2/23/24 2/27/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-24.69x1.5x6.53x-.--% 26.15B
12.64x1.57x7.29x1% 23.54B
11.61x0.78x5.02x15.56% 5.65B
21.9x1.39x9.72x1.33% 5.69B
12.73x2.23x7.27x4.46% 5.02B
24.11x1.83x20.23x - 2.84B
13.58x4.18x7.43x2.85% 2.82B
10.62x1.75x8.25x - 2.65B
82.18x2.39x34.91x - 2.02B
12.94x - - 2.05% 1.88B
Average 17.76x 1.96x 11.85x 3.89% 7.83B
Weighted average by Cap. 2.95x 1.65x 8.29x 2.17%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Warner Bros. Discovery, Inc.