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Warner Music Group Corp. (WMG)

Stock Price: $28.01 USD 0.18 (0.65%)
Updated Sep 22, 2020 1:25 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 14.29B
Revenue (ttm) 4.46B
Net Income (ttm) -384.00M
Shares Out 88.55M
EPS (ttm) n/a
PE Ratio n/a
Forward PE 39.68
Dividend $0.48
Dividend Yield 1.71%

Stock Quote

Trading Day Sep 22, 2020
Last Price $28.01
Previous Close $27.83
Change ($) 0.18
Change (%) 0.65%
Day's Open 27.87
Day's Range 27.74 - 28.20
Day's Volume 234,383
52-Week Range 26.99 - 34.76

More Stats

Market Cap 14.29B
Enterprise Value 17.10B
Earnings Date (est) n/a
Ex-Dividend Date Aug 24, 2020
Shares Outstanding 88.55M
Float 65.77M
EPS (basic) n/a
EPS (diluted) n/a
FCF / Share 0.73
Dividend $0.48
Dividend Yield 1.71%
Earnings Yield n/a
FCF Yield 2.58%
Payout Ratio n/a
Shares Short 2.69M
Short Ratio 6.56
Short % of Float 5.12%
Beta n/a
PE Ratio n/a
Forward PE 39.68
P/FCF Ratio 38.82
PS Ratio 3.20
PB Ratio n/a
Revenue 4.46B
Operating Income -288.00M
Net Income -384.00M
Free Cash Flow 368.00M
Net Cash -2.81B
Net Cash / Share -5.52
Gross Margin 46.49%
Operating Margin -6.46%
Profit Margin -8.60%
FCF Margin 8.25%
ROA -1.39%
ROE n/a
ROIC -11.10%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (15)

Buy 6
Overweight 0
Hold 9
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$33.47*
(19.49% upside)
Low
23.0
Current: $28.01
High
40.0
Target: 33.47
*Average 12-month price target from 15 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue4,4754,0053,5763,2462,9663,0272,8712,780
Revenue Growth11.74%12%10.17%9.44%-2.02%5.43%3.27%-
Gross Profit2,0741,8341,6451,5391,4551,4571,3791,325
Operating Income35621722221412719.0063.00109
Net Income25630714325.00-91.00-308-198-112
Shares Outstanding502503503503503503503477
Earnings Per Share0.510.610.29-----
EPS Growth-16.39%110.34%------
Operating Cash Flow400425535342222130159209
Capital Expenditures-104-74.00-44.00-42.00-63.00-76.00-34.00-20.00
Free Cash Flow29635149130015954.00125189
Cash & Equivalents619514647359246157155302
Total Debt2,9742,8192,8112,7782,9943,0302,8672,206
Net Cash / Debt-2,355-2,305-2,164-2,419-2,748-2,873-2,712-1,904
Assets6,0175,3445,7185,3355,6215,9546,2525,278
Liabilities6,2865,6645,4105,1255,3825,5645,5094,334
Book Value-289-334293195221371726927
Numbers in millions USD, except per-share numbers.

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.