Warner Music Group Corp. (WMG)
Stock Price Chart
Key Info
| Market Cap | 15.29B |
| Revenue (ttm) | 4.51B |
| Net Income (ttm) | 149.00M |
| Shares Out | 77.00M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | 45.05 |
| Dividend | n/a |
| Dividend Yield | n/a |
Stock Quote
| Trading Day | Jul 8, 2020 |
| Last Price | $29.98 |
| Previous Close | $29.64 |
| Change ($) | 0.34 |
| Change (%) | 1.15% |
| Day's Open | 30.00 |
| Day's Range | 29.70 - 30.48 |
| Day's Volume | 727,968 |
| 52-Week Range | 26.99 - 34.76 |
More Stats
| Market Cap | 15.29B |
| Enterprise Value | 18.14B |
| Earnings Date (est) | Aug 11, 2020 |
| Ex-Dividend Date | n/a |
| Shares Outstanding | 77.00M |
| Float | 75.57M |
| EPS (basic) | n/a |
| EPS (diluted) | n/a |
| FCF / Share | 0.78 |
| Dividend | n/a |
| Dividend Yield | n/a |
| Earnings Yield | n/a |
| FCF Yield | 2.56% |
| Payout Ratio | n/a |
| Shares Short | 1.85M |
| Short Ratio | 0.21 |
| Short % of Float | 2.40% |
| Beta | n/a |
| PE Ratio | n/a |
| Forward PE | 45.05 |
| P/FCF Ratio | 39.00 |
| PS Ratio | 3.39 |
| PB Ratio | n/a |
| Revenue | 4.51B |
| Operating Income | 203.00M |
| Net Income | 149.00M |
| Free Cash Flow | 392.00M |
| Net Cash | -2.85B |
| Net Cash / Share | -5.59 |
| Gross Margin | 46.00% |
| Operating Margin | 4.50% |
| Profit Margin | 3.30% |
| FCF Margin | 8.69% |
| ROA | 2.21% |
| ROE | n/a |
| ROIC | 7.90% |
Analyst Summary
Analyst Consensus: Overweight
Financial Performance
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,475 | 4,005 | 3,576 | 3,246 | 2,966 | 3,027 | 2,871 | 2,780 |
| Revenue Growth | 11.74% | 12% | 10.17% | 9.44% | -2.02% | 5.43% | 3.27% | - |
| Gross Profit | 2,074 | 1,834 | 1,645 | 1,539 | 1,455 | 1,457 | 1,379 | 1,325 |
| Operating Income | 356 | 217 | 222 | 214 | 127 | 19.00 | 63.00 | 109 |
| Net Income | 256 | 307 | 143 | 25.00 | -91.00 | -308 | -198 | -112 |
| Shares Outstanding | 502 | 503 | 503 | 503 | 503 | 503 | 503 | 477 |
| Earnings Per Share | 0.51 | 0.61 | 0.29 | - | - | - | - | - |
| EPS Growth | -16.39% | 110.34% | - | - | - | - | - | - |
| Operating Cash Flow | 400 | 425 | 535 | 342 | 222 | 130 | 159 | 209 |
| Capital Expenditures | -104 | -74.00 | -44.00 | -42.00 | -63.00 | -76.00 | -34.00 | -20.00 |
| Free Cash Flow | 296 | 351 | 491 | 300 | 159 | 54.00 | 125 | 189 |
| Cash & Equivalents | 619 | 514 | 647 | 359 | 246 | 157 | 155 | 302 |
| Total Debt | 2,974 | 2,819 | 2,811 | 2,778 | 2,994 | 3,030 | 2,867 | 2,206 |
| Net Cash / Debt | -2,355 | -2,305 | -2,164 | -2,419 | -2,748 | -2,873 | -2,712 | -1,904 |
| Assets | 6,017 | 5,344 | 5,718 | 5,335 | 5,621 | 5,954 | 6,252 | 5,278 |
| Liabilities | 6,286 | 5,664 | 5,410 | 5,125 | 5,382 | 5,564 | 5,509 | 4,334 |
| Book Value | -289 | -334 | 293 | 195 | 221 | 371 | 726 | 927 |
Company Profile
Company Details
| Full Name | Warner Music Group Corp. |
| Country | United States |
| Employees | 5,400 |
| CEO | Stephen F. Cooper |
Stock Information
| Ticker Symbol | WMG |
| Stock Exchange | NASDAQ |
| Sector | Communication Services |
| Industry | Entertainment |
| Unique Identifier | NASDAQ: WMG |
| IPO Date | June 3, 2020 |
Description
Warner Music Group Corp. operates as a music-based content company in the United States, the United Kingdom, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as the related marketing, promotion, distribution, sale, and licensing of recorded music created by such artists. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials. It conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin', Warner Classics, and Warner Music Nashville. This segment markets, sells, and licenses recorded music in various physical formats, including CDs, vinyl, and DVDs; and digital formats, such as downloads and streaming. The Music Publishing segment owns and acquires rights to approximately 1.4 million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 80,000 songwriters and composers; and a range of genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios; and operates production music library. In addition, it offers music and video products to retailers and wholesale distributors; and distribution centers and ventures. The company was founded in 1929 and is headquartered in New York, New York. Warner Music Group Corp. is a subsidiary of AI Entertainment Holdings LLC.