Added to YB: 2024-07-23
Pitch date: 2024-07-21
WBD [bullish]
Warner Bros. Discovery, Inc.
+246.59%
current return
Author Info
Company Info
Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC.
Market Cap
$73.2B
Pitch Price
$8.65
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.67
P/E
152.12
EV/Sales
2.74
Sector
Entertainment
Category
value
Is Warner Bros. Discovery about to be broken up?
WBD: Undervalued media giant at 3x FCF ($8.50/share, $21B mkt cap). $7.5B FCF, debt cut $18B to $40B. Networks declining 8%/yr, offset by streaming/studio growth. Restructuring nearly complete, positive earnings by 2025. $30B net debt target. 8x EV/FCF vs Disney 26x, Netflix 41x. Potential for 30% buyback in 3yrs. Zaslav/Wiedenfels positioned for strength, unlike Paramount.
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