UNIVERSAL MUSIC GROUP N.V. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 28.83 EUR | +0.52% |
|
+0.31% | +11.70% |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 44,935 | 40,812 | 47,011 | 52,713 | - | - |
| Enterprise Value (EV) 1 | 46,945 | 42,622 | 48,700 | 54,193 | 53,364 | 52,392 |
| P/E ratio | 50.6 x | 52.3 x | 38 x | 38.6 x | 31.4 x | 27.3 x |
| Yield | 1.61% | 2.27% | 1.98% | 1.86% | 2.08% | 2.27% |
| Capitalization / Revenue | 5.28 x | 3.95 x | 4.23 x | 4.47 x | 4.14 x | 3.87 x |
| EV / Revenue | 5.52 x | 4.12 x | 4.38 x | 4.59 x | 4.19 x | 3.85 x |
| EV / EBITDA | 26.3 x | 20 x | 20.6 x | 20.4 x | 17.9 x | 15.7 x |
| EV / FCF | 43.5 x | 26 x | 27.6 x | 38.2 x | 30.5 x | 26.2 x |
| FCF Yield | 2.3% | 3.85% | 3.62% | 2.62% | 3.28% | 3.81% |
| Price to Book | 22.1 x | 17.4 x | - | 15.8 x | 12.9 x | 10.8 x |
| Nbr of stocks (in thousands) | 1,813,376 | 1,813,046 | 1,821,431 | 1,828,403 | - | - |
| Reference price 2 | 24.78 | 22.51 | 25.81 | 28.83 | 28.83 | 28.83 |
| Announcement Date | 3/3/22 | 3/2/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | 8,504 | 10,340 | 11,108 | 11,803 | 12,738 | 13,611 |
| EBITDA 1 | 1,788 | 2,135 | 2,369 | 2,652 | 2,989 | 3,330 |
| EBIT 1 | 1,399 | 1,600 | 1,418 | 2,001 | 2,401 | 2,697 |
| Operating Margin | 16.45% | 15.47% | 12.77% | 16.95% | 18.85% | 19.82% |
| Earnings before Tax (EBT) 1 | 1,165 | 900 | 1,721 | 1,846 | 2,281 | 2,567 |
| Net income 1 | 886 | 782 | 1,259 | 1,332 | 1,648 | 1,887 |
| Net margin | 10.42% | 7.56% | 11.33% | 11.28% | 12.94% | 13.86% |
| EPS 2 | 0.4900 | 0.4300 | 0.6800 | 0.7467 | 0.9189 | 1.054 |
| Free Cash Flow 1 | 1,079 | 1,639 | 1,764 | 1,419 | 1,751 | 1,999 |
| FCF margin | 12.69% | 15.85% | 15.88% | 12.02% | 13.75% | 14.68% |
| FCF Conversion (EBITDA) | 60.35% | 76.77% | 74.46% | 53.51% | 58.58% | 60.02% |
| FCF Conversion (Net income) | 121.78% | 209.59% | 140.11% | 106.56% | 106.23% | 105.91% |
| Dividend per Share 2 | 0.4000 | 0.5100 | 0.5100 | 0.5354 | 0.6009 | 0.6547 |
| Announcement Date | 3/3/22 | 3/2/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2023 S2 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2024 S2 | 2025 Q1 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,153 | 2,520 | 2,199 | 2,535 | 4,734 | 2,664 | 2,942 | 5,606 | 2,451 | 2,697 | 5,148 | 2,752 | 3,208 | 5,960 | 2,594 | 2,927 | 5,445 | 2,917 | 3,413 | 6,089 | - | - | - |
| EBITDA 1 | 461 | 503 | 455 | 507 | 962 | 553 | 620 | 1,173 | 522 | 590 | 1,112 | 581 | 677 | 1,257 | 591 | 643.2 | 931.8 | 653.8 | 751.2 | 1,065 | - | 748.6 | 870.4 |
| EBIT 1 | - | 359.5 | 383 | 383 | 765 | 425.5 | 409 | 835 | - | - | 591 | - | - | 827 | 270.4 | 471.1 | 879 | 510.2 | 595.9 | 1,058 | - | - | - |
| Operating Margin | - | 14.27% | 17.42% | 15.11% | 16.16% | 15.97% | 13.9% | 14.89% | - | - | 11.48% | - | - | 13.88% | 10.47% | 16.1% | 16.14% | 17.49% | 17.46% | 17.38% | - | - | - |
| Earnings before Tax (EBT) | - | 284 | - | - | 193 | - | - | 707 | - | - | 854 | - | - | 867 | - | - | 841 | - | - | 1,017 | - | - | - |
| Net income | - | 217 | - | - | 241 | - | - | 541 | - | - | 625 | - | - | 634 | - | - | 613 | - | - | 742 | - | - | - |
| Net margin | - | 8.61% | - | - | 5.09% | - | - | 9.65% | - | - | 12.14% | - | - | 10.64% | - | - | 11.26% | - | - | 12.19% | - | - | - |
| EPS 2 | - | 0.1200 | - | - | 0.1300 | - | - | 0.3000 | - | - | 0.3400 | - | - | 0.3400 | 0.1572 | 0.1749 | 0.3300 | 0.2224 | 0.1949 | 0.4000 | - | - | - |
| Dividend per Share 2 | 0.1000 | 0.2000 | 0.1200 | 0.1200 | 0.2000 | - | - | 0.3100 | - | - | 0.2400 | - | - | 0.2700 | - | - | - | - | 0.5994 | - | - | - | - |
| Announcement Date | 10/27/21 | 3/3/22 | 5/3/22 | 7/27/22 | 7/27/22 | 10/27/22 | 3/2/23 | 3/2/23 | 4/26/23 | 7/26/23 | 7/26/23 | 10/26/23 | 2/28/24 | 2/28/24 | 5/2/24 | - | - | - | - | - | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,010 | 1,810 | 1,689 | 1,480 | 652 | - |
| Net Cash position 1 | - | - | - | - | - | 320 |
| Leverage (Debt/EBITDA) | 1.124 x | 0.8478 x | 0.713 x | 0.5582 x | 0.218 x | - |
| Free Cash Flow 1 | 1,079 | 1,639 | 1,764 | 1,419 | 1,751 | 1,999 |
| ROE (net income / shareholders' equity) | 69.4% | 66.4% | - | 50.4% | 49% | 45.3% |
| ROA (Net income/ Total Assets) | 10.8% | 12.3% | - | 11.1% | 13.9% | 14.3% |
| Assets 1 | 8,238 | 6,382 | - | 12,044 | 11,895 | 13,193 |
| Book Value Per Share 2 | 1.120 | 1.290 | - | 1.820 | 2.230 | 2.660 |
| Cash Flow per Share 2 | 0.6300 | 0.9500 | 1.040 | 1.000 | 1.220 | 1.340 |
| Capex 1 | 61 | 93 | 121 | 128 | 135 | 143 |
| Capex / Sales | 0.72% | 0.9% | 1.09% | 1.08% | 1.06% | 1.05% |
| Announcement Date | 3/3/22 | 3/2/23 | 2/28/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
28.83
EUR
Average target price
30.33
EUR
Spread / Average Target
+5.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +11.70% | 56.76B | |
| -14.13% | 6.04B | |
| +18.22% | 2.82B | |
| +43.05% | 1.58B | |
| -1.19% | 1.54B | |
| -41.16% | 1.47B | |
| -12.06% | 349M | |
| -0.94% | 171M | |
| +26.62% | 161M | |
| -9.77% | 132M |
- Stock Market
- Equities
- UMG Stock
- Financials Universal Music Group N.V.
