Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Netflix Inc., current enterprise value calculation

Microsoft Excel
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

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Preferred stock, $0.001 par value; no shares issued and outstanding (book value)
Total equity
Add: Short-term debt (book value)
Add: Long-term debt (book value)
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), 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 analysis of the annual financial data reveals several notable trends over the five-year period.

Common equity (market value) and Total equity
Both common equity (market value) and total equity showed a decline from 2020 to 2022, dropping from approximately 238.5 billion US dollars to about 162.5 billion US dollars. However, a significant recovery occurred in 2023, with equity rising sharply to 246.9 billion US dollars, and this upward momentum continued strongly into 2024, reaching over 415.7 billion US dollars. This indicates a considerable strengthening of the company's equity position in the latter two years of the period.
Total equity and debt
The total of equity and debt mirrored the equity trend closely. It decreased from 254.9 billion US dollars in 2020 to 176.8 billion US dollars in 2022, then increased substantially to 261.4 billion US dollars in 2023, and surged further to 431.3 billion US dollars in 2024. This suggests a parallel build-up in the combined capital structure corresponding with the equity growth.
Enterprise value (EV)
Enterprise value followed a pattern consistent with total equity and debt, declining from 246.6 billion US dollars in 2020 to 170.8 billion US dollars in 2022. It then increased significantly to approximately 254.3 billion US dollars in 2023, and further to 421.7 billion US dollars by 2024. The EV trend aligns with the company’s enhanced market valuation and overall financial strength over the recent years.

Overall, the data reflects a period of contraction from 2020 through 2022, followed by a robust recovery and growth phase in 2023 and 2024. The substantial increases in equity and enterprise value in the latest years indicate improved investor confidence and possibly enhanced operational or strategic performance driving value creation.