Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 304,675 - -
Change - -50.82% 62.39% 78.79% 4.28% -23.31% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 309,554 303,548 291,105
Change - -49.49% 58.04% 75.51% 4.05% -23.13% -1.94% -4.1%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.4x 19.2x 16x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.86x 8.27x 6.8x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.97x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.95x 5.34x 4.85x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.04x 5.32x 4.64x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.2x 15.1x 12.5x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.2x 15.9x 13.1x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24x 21.3x 17.4x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.16% 4.7% 5.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.813 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,209 57,006 62,801
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,084 23,326
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,131 22,232
Net income 1 5,116 4,492 5,408 8,712 10,981 15,265 15,852 18,447
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,879 -1,128 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 73.17 73.17 73.17
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 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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.85x4.32x10.09x1.3% 540B
23.2x2.48x12.83x-.--% 143B
35.52x4.35x28.68x-.--% 107B
11.18x8.29x95.01x0.62% 97.02B
29.91x5.67x16x-.--% 90.26B
77.71x4.56x22.29x-.--% 86.07B
2.76x50.73x1.83x0.19% 73.66B
8.77x2.91x45.67x0.7% 39.13B
190.08x2.84x82.52x-.--% 29.92B
Average 43.89x 9.57x 34.99x 0.31% 134.09B
Weighted average by Cap. 26.85x 7.29x 22.65x 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