Professional
Added to YB: 2024-03-25
Pitch date: 2024-01-31
UMG.AS [bullish]
Universal Music Group N.V.
-35.1%
current return
Author Info
No bio for this author
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 28.5B
Pitch Price
EUR 26.36
Price Target
N/A
Dividend
3.34%
EV/EBITDA
13.64
P/E
18.74
EV/Sales
2.52
Sector
Entertainment
Category
growth
Sequoia Strategy Composite Portfolio Holding - Universal Music Group N.V.
UMG.AS: Solid FY23 results w/ 21% return; hi-single digit rev & op income growth expected. Paid streaming +low teens on subscriber adds & price hikes. Artist-centric models a plus for UMG. Generative AI unlikely to disrupt due to personal connection to stars like Taylor Swift. Own ⅓ of commercially relevant Western music. Trimmed on 40% gain but remain optimistic.
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