Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 326,969 - -
Change - -50.82% 62.39% 78.79% 4.28% -17.7% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 328,724 323,072 316,285
Change - -49.49% 58.04% 75.51% 4.05% -18.37% -1.72% -2.1%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21.6x 20.3x 17x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.72x 8.21x 6.82x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.06x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.36x 5.7x 5.16x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.4x 5.63x 4.99x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.2x 15.8x 13.2x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 20.2x 16.6x 13.9x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 25x 22.6x 18.6x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.01% 4.42% 5.37%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.592 3.831 4.571
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,399 57,401 63,322
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,099 20,438 23,919
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,273 19,429 22,707
Net income 1 5,116 4,492 5,408 8,712 10,981 15,364 16,192 19,042
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 77.65 77.65 77.65
Nbr of stocks (in thousands) 4,429,522 4,450,205 4,376,797 4,274,581 4,237,323 4,210,799 - -
Announcement Date 1/20/22 1/19/23 1/23/24 1/21/25 1/20/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.42x3.93x9.16x1.43% 493B
5.34x116.91x4.23x0.1% 130B
24.51x2.62x13.52x-.--% 152B
33.16x4.04x26.47x-.--% 99.93B
9.15x7.88x90.12x0.68% 90.57B
29.28x5.54x15.65x-.--% 88.39B
75.14x4.45x21.73x-.--% 83.66B
7.95x2.8x39.93x0.59% 37.16B
696.83x4.5x212.76x-.--% 27B
Average 99.53x 16.96x 48.17x 0.31% 133.47B
Weighted average by Cap. 36.33x 16.47x 23.60x 0.67%

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