Warner Music Group Corp. (WMG)

NASDAQ: WMG · IEX Real-Time Price · USD
33.02
-0.30 (-0.90%)
At close: Mar 28, 2024, 4:00 PM
34.10
+1.08 (3.27%)
After-hours: Mar 28, 2024, 6:12 PM EDT

Total Valuation

WMG has a market cap or net worth of $17.26 billion. The enterprise value is $20.80 billion.

Market Cap 17.26B
Enterprise Value 20.80B

Important Dates

The next estimated earnings date is Tuesday, May 7, 2024, before market open.

Earnings Date May 7, 2024
Ex-Dividend Date Feb 21, 2024

Share Statistics

WMG has 522.73 million shares outstanding. The number of shares has increased by 0.27% in one year.

Shares Outstanding 522.73M
Shares Change (YoY) +0.27%
Shares Change (QoQ) +0.10%
Owned by Insiders (%) 7.09%
Owned by Institutions (%) 93.93%
Float 133.40M

Valuation Ratios

The trailing PE ratio is 37.52 and the forward PE ratio is 25.04. WMG's PEG ratio is 1.14.

PE Ratio 37.52
Forward PE 25.04
PS Ratio 2.74
Forward PS 2.61
PB Ratio 37.27
P/FCF Ratio 27.13
PEG Ratio 1.14
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 18.28, with an EV/FCF ratio of 32.70.

EV / Earnings 44.53
EV / Sales 3.30
EV / EBITDA 18.28
EV / EBIT 25.71
EV / FCF 32.70

Financial Position

The company has a current ratio of 0.70, with a Debt / Equity ratio of 9.28.

Current Ratio 0.70
Quick Ratio 0.52
Debt / Equity 9.28
Debt / EBITDA 3.78
Debt / FCF 6.75
Interest Coverage 5.47

Financial Efficiency

Return on equity (ROE) is 143.40% and return on invested capital (ROIC) is 12.05%.

Return on Equity (ROE) 143.40%
Return on Assets (ROA) 5.50%
Return on Capital (ROIC) 12.05%
Revenue Per Employee $1.07M
Profits Per Employee $79,153
Employee Count 5,900
Asset Turnover 0.75
Inventory Turnover 31.69

Taxes

In the past 12 months, WMG has paid $194.00 million in taxes.

Income Tax 194.00M
Effective Tax Rate 29.35%

Stock Price Statistics

The stock price has increased by +1.82% in the last 52 weeks. The beta is 1.47, so WMG's price volatility has been higher than the market average.

Beta (1Y) 1.47
52-Week Price Change +1.82%
50-Day Moving Average 35.00
200-Day Moving Average 32.65
Relative Strength Index (RSI) 42.01
Average Volume (30 Days) 1,336,093

Short Selling Information

The latest short interest is 3.66 million, so 0.70% of the outstanding shares have been sold short.

Short Interest 3.66M
Short Previous Month 2.59M
Short % of Shares Out 0.70%
Short % of Float 2.74%
Short Ratio (days to cover) 2.55

Income Statement

In the last 12 months, WMG had revenue of $6.30 billion and earned $467.00 million in profits. Earnings per share was $0.88.

Revenue 6.30B
Gross Profit 3.00B
Operating Income 812.00M
Pretax Income 661.00M
Net Income 467.00M
EBITDA 1.14B
EBIT 809.00M
Earnings Per Share (EPS) $0.88
Full Income Statement

Balance Sheet

The company has $754.00 million in cash and $4.30 billion in debt, giving a net cash position of -$3.54 billion or -$6.78 per share.

Cash & Cash Equivalents 754.00M
Total Debt 4.30B
Net Cash -3.54B
Net Cash Per Share -$6.78
Equity / Book Value 463.00M
Book Value Per Share 0.89
Working Capital -1.13B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $771.00 million and capital expenditures -$135.00 million, giving a free cash flow of $636.00 million.

Operating Cash Flow 771.00M
Capital Expenditures -135.00M
Free Cash Flow 636.00M
FCF Per Share $1.23
Full Cash Flow Statement

Margins

Gross margin is 47.66%, with operating and profit margins of 12.90% and 7.42%.

Gross Margin 47.66%
Operating Margin 12.90%
Pretax Margin 10.50%
Profit Margin 7.42%
EBITDA Margin 18.07%
EBIT Margin 12.85%
FCF Margin 10.10%

Dividends & Yields

This stock pays an annual dividend of $0.68, which amounts to a dividend yield of 2.06%.

Dividend Per Share $0.68
Dividend Yield 2.06%
Dividend Growth (YoY) 6.35%
Years of Dividend Growth 4
Payout Ratio 77.27%
Buyback Yield -0.27%
Shareholder Yield 1.79%
Earnings Yield 2.71%
FCF Yield 3.69%
Dividend Details

Analyst Forecast

The average price target for WMG is $35.33, which is 7.00% higher than the current price. The consensus rating is "Buy".

Price Target $35.33
Price Target Difference 7.00%
Analyst Consensus Buy
Analyst Count 18
Revenue Growth Forecast (5Y) 7.86%
EPS Growth Forecast (5Y) 23.05%
Stock Forecasts

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

WMG has an Altman Z-Score of 1.88 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.88
Piotroski F-Score 5