Professional
Added to YB: 2024-10-30
Pitch date: 2024-09-30
WMG [bullish]
Warner Music Group Corp.
-8.78%
current return
Author Info
No bio for this author
Company Info
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally.
Market Cap
$15.9B
Pitch Price
$30.53
Price Target
N/A
Dividend
2.50%
EV/EBITDA
14.52
P/E
53.97
EV/Sales
3.12
Sector
Entertainment
Category
value
Artisan Mid Cap Value New Position: Warner Music Group Corp.
WMG: Major record label, 1 of 3 largest globally. Music industry recovering post-Napster era. Early-stage revenue growth as streamers shift to monetization. Streaming underpenetrated globally. 70% streaming rev from Spotify, YouTube, Apple. Shares -14% YTD, trading at trough multiple vs history. Cheaper than competitor UMG. Solid financials, low-cost debt.
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