Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 311,421 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.61% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 316,357 311,478 297,851
Change - -49.49% 58.04% 75.51% 4.05% -21.44% -1.54% -4.37%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.9x 19.6x 16.4x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.1x 8.46x 6.95x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.07x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.08x 5.46x 4.96x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.18x 5.46x 4.74x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.6x 15.5x 12.8x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.6x 16.3x 13.4x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.6x 22x 17.9x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.07% 4.55% 5.58%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.583 3.812 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,219 57,004 62,799
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,082 23,324
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,126 22,222
Net income 1 5,116 4,492 5,408 8,712 10,981 15,261 15,842 18,432
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 56.59 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 74.79 74.79 74.79
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 20/01/22 19/01/23 23/01/24 21/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.16x4.39x10.27x1.28% 551B
21.29x6.3x18.92x-.--% 318B
23.93x2.79x14.19x-.--% 159B
34.91x6.94x19.49x-.--% 109B
36.2x4.22x27.6x-.--% 105B
11.59x8.75x102.16x0.58% 103B
81.78x4.83x23.01x-.--% 90.93B
3.28x64.77x2.34x0.16% 88.14B
9.76x3.15x53.19x0.65% 42.56B
Average 26.55x 11.79x 30.13x 0.3% 174.06B
Weighted average by Cap. 23.25x 8.46x 21.72x 0.51%

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