Professional
Added to YB: 2025-01-30
Pitch date: 2025-01-24
UMG.AS [bullish]
Universal Music Group N.V.
-18.13%
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 36.3B
Pitch Price
EUR 24.98
Price Target
N/A
Dividend
2.63%
EV/EBITDA
17.00
P/E
23.83
EV/Sales
3.14
Sector
Entertainment
Category
growth
Sequoia Strategy Composite New Position: Universal Music Group N.V.
UMG.AS added to position: Shares down 23% mid-year on slower Q2 streaming growth. Long-term bullish on paid streaming: room for growth in developed/developing markets, price increases expected. Digital platforms (Meta, YouTube, TikTok) offer opportunities. UMG controls 2/3 of Western music. 2024: -9% stock, double-digit earnings growth. Acquired Downtown Music for $775M. Attractive valuation at low-20s P/E.
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