Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 266,852 131,228 213,097 381,002 397,291 313,073 - -
Change - -50.82% 62.39% 78.79% 4.28% -21.2% - -
Enterprise Value (EV) 1 276,217 139,522 220,503 387,001 402,692 314,589 309,176 302,390
Change - -49.49% 58.04% 75.51% 4.05% -21.88% -1.72% -2.2%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20.8x 19.4x 16.3x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.31x 7.88x 6.56x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.84x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.09x 5.46x 4.95x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.12x 5.39x 4.78x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.4x 15.2x 12.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.3x 16x 13.4x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.9x 21.4x 18.1x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.18% 4.68% 5.53%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.826 4.569
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,384 57,323 63,205
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,087 20,365 23,779
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,261 19,374 22,628
Net income 1 5,116 4,492 5,408 8,712 10,981 15,361 16,142 18,987
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,517 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 74.35 74.35 74.35
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.95x4.35x10.15x1.29% 543B
23.94x2.56x13.2x-.--% 148B
4.83x104.42x3.78x0.11% 122B
33.19x4.04x26.54x-.--% 99.8B
11.39x8.61x98.01x0.62% 99.67B
29.18x5.55x15.66x-.--% 88.06B
74.6x4.38x21.4x-.--% 82.86B
8.2x3.06x46.98x0.67% 41.14B
734.45x4.76x224.68x-.--% 28.16B
Average 103.97x 15.75x 51.16x 0.3% 139.18B
Weighted average by Cap. 37.52x 14.26x 25.35x 0.64%

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