Added to YB: 2024-01-29
Pitch date: 2024-01-29
NFLX [neutral]
Netflix, Inc.
+67.79%
current return
Author Info
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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
$56.73
Price Target
375.00 (+294%)
Dividend
N/A
EV/EBITDA
32.05
P/E
39.32
EV/Sales
10.09
Sector
Entertainment
Category
growth
Netflix - An astonishing development
$NFLX: Scaled ops to 20.6% margin in '23 w/ 27% gross profit CAGR since '16. Cash flow machine w/ <1 content cash/amort ratio. Added 13M subs in Q4, low 2% churn. $6B buybacks, net debt/EBITDA to 1.01. Leads in original content, gaming growing. 24% '24 margin target, $6B FCF guide. Steep 29.5x '24 EV/EBIT, 2.4% FCF yield. Estimated $375-450 fair value.
Read full article (7 min)