Projected Income Statement: Warner Bros. Discovery, Inc.

Forecast Balance Sheet: Warner Bros. Discovery, Inc.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 13,867 13,313 10,854 45,268 39,889 34,762 30,164 24,940
Change - -4% -18.47% 317.06% -11.88% -12.85% -13.23% -17.32%
Announcement Date 2/27/20 2/22/21 2/24/22 2/23/23 2/23/24 - - -
1USD in Million
Estimates

Cash Flow Forecast: Warner Bros. Discovery, Inc.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
CAPEX 1 289 402 373 987 1,316 1,027 1,081 1,102
Change - 39.1% -7.21% 164.61% 33.33% -21.94% 5.25% 1.95%
Free Cash Flow (FCF) 1 3,110 2,337 2,425 3,317 6,161 5,119 5,441 5,589
Change - -24.86% 3.77% 36.78% 85.74% -16.91% 6.28% 2.73%
Announcement Date 2/27/20 2/22/21 2/24/22 2/23/23 2/23/24 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Warner Bros. Discovery, Inc.

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026

Profitability

        
EBITDA Margin (%) 41.91% 39.32% 31.31% 22.82% 24.68% 23.49% 24.13% 23.88%
EBIT Margin (%) 27% 23.57% 16.5% -21.79% -3.75% 2.8% 4.59% 4.05%
EBT Margin (%) 20.59% 16.19% 11.75% -26.5% -9.35% -2.87% 0.73% 0.99%
Net margin (%) 18.57% 11.42% 8.25% -21.8% -7.57% -3.11% 0.33% -0.05%
FCF / Net Income (%) 27.91% 21.9% 19.89% 9.81% 14.91% 12.49% 13.08% 13.2%

Profitability

        
ROA 6.24% 6.34% 3.1% -8.75% -2.44% - 1.52% 1.72%
ROE 22.64% 21.13% 9.62% -25.12% -6.77% -2.45% 0.89% 2.16%

Financial Health

        
Leverage (Debt/EBITDA) 2.97x 3.17x 2.84x 5.87x 3.91x 3.61x 3x 2.47x
Debt / Free cash flow 4.46x 5.7x 4.48x 13.65x 6.47x 6.79x 5.54x 4.46x

Capital Intensity

        
CAPEX / Current Assets (%) 2.59% 3.77% 3.06% 2.92% 3.18% 2.51% 2.6% 2.6%
CAPEX / EBITDA (%) 6.19% 9.58% 9.77% 12.79% 12.9% 10.67% 10.77% 10.9%
CAPEX / FCF (%) 9.29% 17.2% 15.38% 29.76% 21.36% 20.07% 19.87% 19.72%

Items per share

        
Cash flow per share 1 4.781 4.076 4.214 2.219 3.069 2.904 2.727 2.816
Change - -14.74% 3.39% -47.35% 38.35% -5.4% 93.9% 103.29%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 18.08 20.93 22.92 24.28 18.54 18.09 18.34 18.67
Change - 15.74% 9.53% 5.9% -23.62% -2.44% 101.4% 101.79%
EPS 1 2.88 1.81 1.54 -3.82 -1.28 -0.5056 0.0502 -0.1136
Change - -37.15% -14.92% -348.05% -66.49% -60.5% -9.93% -226.31%
Nbr of stocks (in thousands) 690,990 675,677 658,571 2,428,396 2,438,566 2,450,313 2,450,313 2,450,313
Announcement Date 2/27/20 2/22/21 2/24/22 2/23/23 2/23/24 - - -
1USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
29
Last Close Price
8.470USD
Average target price
11.83USD
Spread / Average Target
+39.65%
Consensus
  1. Stock Market
  2. Equities
  3. WBD Stock
  4. DISCA Stock
  5. Financials Warner Bros. Discovery, Inc.