Enterprise Value (EV)
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- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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Current Enterprise Value (EV)
Netflix Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.001 par value; no shares issued and outstanding (per books) | |
| Total equity | |
| Add: Short-term debt (per books) | |
| Add: Long-term debt (per books) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Netflix Inc., EV calculation
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Netflix Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The financial data reveals significant fluctuations and an overall upward trend in the market valuation and capital structure of the company over the period analyzed. Several key observations can be made regarding common equity, total equity, debt, and enterprise value.
- Common Equity and Total Equity
- Both common equity (market value) and total equity exhibit a similar pattern throughout the years. Initially, there is a notable decline from 238.5 billion US dollars at the end of 2020 to approximately 162.5 billion US dollars by the end of 2022. Following this decline, both metrics experience a strong recovery and growth, reaching 415.7 billion US dollars by the end of 2024. This indicates a significant strengthening of the company's equity base in the most recent periods.
- Total Equity and Debt
- Total equity and debt combined follow a pattern consistent with equity trends but show relatively smaller proportional changes in the early periods and steeper increases later. The value decreases from around 255 billion US dollars in 2020 to approximately 177 billion US dollars in 2022, before rebounding sharply to 431.3 billion US dollars by the end of 2024. This suggests that total leverage (sum of debt and equity) declined in the middle years but has since increased substantially, signaling either an increase in debt, equity, or both.
- Enterprise Value (EV)
- Enterprise value trends closely align with total equity and debt values. It declined from about 246.6 billion US dollars at the end of 2020 to near 170.8 billion US dollars in 2022, then surged to 421.7 billion US dollars by the end of 2024. This pattern supports the notion of a recovery in overall company valuation after a dip during the earlier years, potentially reflecting improved market conditions, financial performance, or investor sentiment.
In summary, the data indicates a pronounced dip in company valuation and capital base around 2021-2022, followed by a significant resurgence through to the end of 2024. Equity levels and enterprise value suggest enhanced market confidence and financial strength in the latter periods, possibly driven by strategic initiatives, market growth, or capital restructuring. The alignment of increases in total equity and debt alongside enterprise value points to a stronger balance sheet and potentially greater access to or utilization of financing sources in recent years.