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 66,653 - -
Change - 50.15% 20.54% -6.56% 175.58% -6.73% - -
Enterprise Value (EV) 1 26,186 68,289 67,640 60,123 99,460 93,062 88,852 85,435
Change - 160.79% -0.95% -11.11% 65.43% -6.43% -4.52% -3.85%
P/E 15.3x -2.48x -8.89x -2.29x 99.4x -21.3x 575x 69.1x
PBR 1.03x 0.39x 0.61x 0.76x 1.81x 1.97x 1.97x 1.97x
PEG - 0x 0.1x -0x -1x 0x -6x 0x
Capitalization / Revenue 1.26x 0.68x 0.67x 0.66x 1.92x 1.8x 1.75x 1.74x
EV / Revenue 2.15x 2.02x 1.64x 1.53x 2.67x 2.52x 2.34x 2.23x
EV / EBITDA 6.86x 8.85x 6.63x 6.66x 11.4x 10.9x 10.2x 9.91x
EV / EBIT 13x -9.27x -43.7x -5.99x 135x -73.8x 37.4x 36.6x
EV / FCF 10.8x 20.6x 11x 13.6x 32.2x 34.3x 20.8x 18.6x
FCF Yield 9.26% 4.86% 9.11% 7.36% 3.1% 2.92% 4.8% 5.37%
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 36,960 38,005 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 -1,261 2,376 2,331
Net income 1 1,006 -7,371 -3,126 -11,311 727 -3,076 310.2 931.9
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 26.59 26.59 26.59
Nbr of stocks (in thousands) 658,571 2,428,396 2,438,566 2,453,165 2,479,487 2,506,679 - -
Announcement Date 24/02/22 23/02/23 23/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-21.32x2.52x10.9x-.--% 66.65B
14.68x1.43x6.41x1.11% 21.54B
15.26x0.86x5.7x7.69% 5.4B
5.36x2.02x5.73x4.27% 5.32B
8.38x1.04x3.38x3.45% 5.01B
12.72x0.9x6.21x1.6% 4.36B
11.63x2.49x4.82x3.17% 2.06B
12.59x0.69x7.34x3.37% 1.99B
46.97x1.1x22.62x - 1.85B
13.64x1.07x6x9.64% 1.74B
Average 11.99x 1.41x 7.91x 3.81% 11.59B
Weighted average by Cap. -6.35x 2.02x 9.03x 1.25%

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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