Added to YB: 2026-06-22
Pitch date: 2026-06-18
UMG.AS [neutral]
Universal Music Group N.V.
-21.5%
current return
Author Info
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Company Info
Universal Music Group N.V. operates as a music company worldwide. The company operates through Recorded Music, Music Publishing, and Merchandising & Other segments.
Market Cap
EUR 26.1B
Pitch Price
EUR 18.72
Price Target
N/A
Dividend
3.60%
EV/EBITDA
13.44
P/E
81.92
EV/Sales
2.43
Sector
Entertainment
Category
value
Universal Music Group (UMG Netherlands): The overhang is gone and the market is missing the cash flow story
UMG.AS (update): Pershing exit removes overhang, triggered larger buyback & capital returns. Trades ~9x fwd EBITDA, well below historical. AI reframed as expanding role in rights ecosystem, not value destruction. Paid streaming accelerating on pricing. FCF €1.4bn (2025)→€2.4bn (2028); market mispricing cash flow story.
Read full article (2 min)