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Netflix, Inc.

Last Updated
Share Price
$207.14
Market Cap
$92.03B
Dividend Yield
N/A
EPS
$11.24
P/E
18.43

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

0%
Income
  • Revenue $29.7B
  • Gross Profit $12.37B
  • Net Income $5.12B
  • Gross Margin 41.64%
  • Net Margin 17.23%
Cash Flow
  • Free Cash Flow (FCF) $-131.97M
  • Free Cash Flow To Equity (FCFE) $-631.98M
  • Dividends Paid $0
  • Debt Repayment $-500M
  • Net Stock Repurchased $425.61M
Balance Sheet
  • Shareholder Equity $17.54B
  • Debt To Equity (D/E) 158.38%
  • Book Value $17.54B
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) 22.95%
The financial metrics for Netflix, Inc. presented below are for the financial year 2021.
P/E 51.92 Price To Earnings Ratio
P/S 8.94 Price To Sales Ratio
P/B 16.76 Price To Book Ratio
P/CF 676.57 Price To Operating Cash Flow Ratio
P/FCF -2012.72 Price To Free Cash Flow Ratio
P/FCFE -420.32 Price To Levered Free Cash Flow Ratio
P/EBT 45.48 Price To Pre-Tax Income
PEG 0.85 Trailing Price/Earnings To Growth Ratio
EV/Sales 9.26 Enterprise Value To Sales Ratio
EBIT/EV 0.02 EBIT To Enterprise Value Ratio
EV/EBITDA 14.44 Enterprise Value to EBITDA Ratio
D/E 1.81 Debt To Equity Ratio
ROE 38.02% Return On Equity
ROIC 22.95% Return On Invested Capital
DPR 0% Dividend Payout Ratio
Current Ratio 0.95 Current Liquidity Ratio
EPS Growth 61.12% Earnings Per Share Growth Rate
Graham Number $96.67 Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017
Revenue $29.7B$25B$20.16B$15.79B$11.69B
Cost of Revenue $17.33B$15.28B$12.44B$9.97B$7.66B
Gross Profit $12.37B$9.72B$7.72B$5.83B$4.03B
Gross Profit Margin 41.64%38.89%38.28%36.89%34.49%
Operating Expenses $6.17B$5.13B$5.11B$4.22B$3.19B
Research & Development Expenses (R&D) $2.27B$1.83B$1.55B$1.22B$1.05B
Selling, General & Administrative Expenses (SG&A) $3.9B$5.13B$3.57B$3B$2.14B
Other Expenses $0$-1.83B$0$0$0
Net Income $5.12B$2.76B$1.87B$1.21B$558.93M
Net Profit Margin 17.23%11.05%9.26%7.67%4.78%
Operating Income $6.19B$4.59B$2.6B$1.61B$838.68M
Other Income & Expenses (Net) $-354.41M$-1.39B$-542.02M$-378.77M$-353.36M
Depreciation & Amortization $12.44B$10.92B$9.32B$7.66B$6.33B
Interest Income $411.21M$0$84M$41.73M$-115.15M
Interest Expense $765.62M$1.39B$626.02M$420.49M$353.36M
Income Tax Expense $723.88M$437.95M$195.31M$15.22M$-73.61M
Effective Tax Rate 12.39%13.69%9.47%1.24%-15.17%
EBITDA $19.04B$15.51B$12.01B$9.3B$7.17B
EBIT $6.61B$4.59B$2.69B$1.65B$838.68M
EBT N/AN/AN/AN/AN/A
Shares Outstanding 440.92M440.92M437.8M435.37M431.88M
Diluted Shares Outstanding 454.21M454.21M451.76M451.24M446.81M
EPS $11.55$6.26$4.26$2.78$1.29
Diluted EPS $11.25$6.08$4.13$2.68$1.25
    2021 2020 2019 2018 2017
Operating Cash Flow $392.61M$2.43B$-2.89B$-2.68B$-1.79B
Net Income $5.12B$2.76B$1.87B$1.21B$558.93M
Depreciation & Amortization $12.44B$10.92B$9.32B$7.66B$6.33B
Deferred Income Tax $199.55M$70.07M$-94.44M$-85.52M$-208.69M
Stock-Based Compensation $403.22M$415.18M$405.38M$320.66M$182.21M
Change In Working Capital $777.5M$-2.37B$2.63B$-3.88B$1B
Other Non-Cash Items $-18.54B$-9.37B$-17.02B$-7.9B$-9.65B
Cash From Investing $-1.34B$-505.35M$-387.06M$-339.12M$34.33M
Purchases Of Investments $0$0$0$0$-74.82M
Sales / Maturities of Investments $0$0$0$0$342.86M
Property, Plant & Equipment Investments $-524.59M$-497.92M$-253.03M$-173.95M$-173.3M
Net Acquisitions $-788.35M$0$0$0$0
Other Investing Activites $-26.92M$-7.43M$-134.03M$-165.17M$-60.41M
Cash From Financing $-1.15B$1.24B$4.51B$4.05B$3.08B
Debt Repayment $-500M$0$0$0$0
Dividend Payments $0$0$0$0$0
Payout Ratio 0%0%0%0%0%
Net Common Stock Repurchased $425.61M$-235.41M$-72.49M$-124.5M$-88.38M
Common Stock Repurchased $-600.02M$0$0$0$0
Common Stock Issued $425.61M$-235.41M$-72.49M$-124.5M$-88.38M
Other Financing Activites $-224.17M$1B$4.43B$3.92B$2.99B
Accounts Receivables $0$0$0$0$0
Accounts Payables $145.12M$-41.6M$96.06M$199.2M$74.56M
Inventory $0$0$0$0$0
Other Working Capital $358.36M$-419.14M$1.96B$-677.19M$3.21B
Capital Expenditure (CAPEX) $-524.59M$-497.92M$-253.03M$-212.53M$-227.02M
Effect Of Foreign Exchange On Cash $-86.74M$36.05M$469K$-39.68M$29.85M
Net Change In Cash $-2.18B$3.2B$1.23B$989.25M$1.36B
Free Cash Flow (FCF) $-131.97M$1.93B$-3.14B$-2.89B$-2.01B
Free Cash Flow To Equity (FCFE) $-631.98M$1.93B$-3.14B$-2.89B$-2.01B
    0 2021 2020 2019 2018
Total Assets $45.33B$44.58B$39.28B$33.98B$25.97B
Total Current Assets $8.1B$8.07B$9.76B$6.18B$9.69B
Cash & Short-Term Investments $6.01B$6.03B$8.21B$5.02B$3.79B
Cash & Cash Equivalents $6.01B$6.03B$8.21B$5.02B$3.79B
Short-Term Investments $0$0$0$0$0
Net Receivables $0$804.32M$610.82M$979.07M$0
Inventory $0$0$0$0$0
Other Current Assets $2.09B$1.24B$945.21M$181M$5.9B
Total Non-Current Assets $37.23B$36.51B$29.52B$27.8B$16.28B
Property, Plant & Equipment (PP&E) $1.38B$1.32B$960.18M$565.22M$418.28M
Goodwill & Intangible Assets $0$30.92B$25.38B$24.5B$14.96B
Goodwill $0$0$0$0$0
Intangible Assets $0$30.92B$25.38B$24.5B$14.96B
Long-Term Investments $0$0$0$0$0
Other Non-Current Assets $35.85B$4.27B$3.17B$2.73B$901.03M
Other Assets $0$0$0$0$0
Total Liabilities $27.79B$28.74B$28.22B$26.39B$20.74B
Total Current Liabilities $7.74B$8.49B$7.81B$6.86B$6.49B
Accounts Payables $617.2M$837.48M$656.18M$674.35M$562.99M
Short-Term Debt $0$699.82M$499.88M$0$0
Deferred Revenue $1.24B$1.21B$1.12B$924.75M$760.9M
Other Current Liabilities $5.88B$5.74B$5.53B$5.26B$5.16B
Total Non-Current Liabilities $20.05B$20.25B$20.41B$19.54B$14.25B
Long-Term Debt $14.53B$14.69B$15.81B$14.76B$10.36B
Other Non-Current Liabilities $5.51B$5.55B$4.6B$4.78B$3.89B
Total Debt $14.53B$15.39B$16.31B$14.76B$10.36B
Total Shareholder Equity $17.54B$15.85B$11.07B$7.58B$5.24B
Common Stock $4.16B$4.02B$3.45B$2.79B$2.32B
Retained Earnings $14.29B$12.69B$7.57B$4.81B$2.94B
Accumulated Other Comprehensive Income Loss (AOCL) $-74.17M$-40.49M$44.4M$-24M$-20M
Other Shareholder Equity $0$-824.19M$0$479K$418K
Total Investments $0$0$0$0$0
Net Debt $8.53B$9.37B$8.1B$9.74B$6.57B
Book Value $17.54B$15.85B$11.07B$7.58B$5.24B

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of Netflix, Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year 17.19%
  • 3 Years 21.08%
  • 5 Years 21.08%
  • 10 Years 21.08%
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year -2.13%
  • 3 Years -3.33%
  • 5 Years -7.08%
  • 10 Years -7.08%
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year -420.32
  • 3 Years -113.95
  • 5 Years -95.53
  • 10 Years -95.53
Chief Executive Officer (CEO) Mr. Reed Hastings
Full-Time Employees 11.3K
Industry Entertainment
Sector Communication Services
Country US
Website https://www.netflix.com

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