Professional
Added to YB: 2024-01-24
Pitch date: 2024-01-24
NFLX [bullish]
Netflix, Inc.
+72.46%
current return
Author Info
Ensemble Capital creates focused, fundamental-driven portfolios for private & institutional clients. Sign up for the newsletter.
Company Info
Netflix, Inc. provides entertainment services. The company offers television (TV) series, documentaries, feature films, and games across various genres and languages.
Market Cap
$429.9B
Pitch Price
$55.20
Price Target
N/A
Dividend
N/A
EV/EBITDA
32.05
P/E
39.32
EV/Sales
10.09
Sector
Entertainment
Category
turnaround
Ensemble Capital holding: Netflix ($NFLX)
NFLX: COVID sub boom faded in '22 w/ -1.2M H1 net adds, +9M FY, price -75%. Initiatives: crackdown on pw sharing, ad-tier taps new mkts, matched std plan ARM w/ min ads, FCF to $6B+. Rivals cut content $ too. Deals w/ comps bolster content library. Revived growth/capital allocation strategy to prevail.
Read full article (7 min)