### NFLX

Netflix, Inc.

Current price

**$289.53**5 days change

**+1.19%**###### NFLX intrinsic value

## $348.41

##### +20.34%

Strong SellStrong Buy

#### Strong Buy

##### Netflix, Inc. Enterprise Value

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Market cap | 173.07B | 166.1B | 116.72B | 160.21B | 163.77B | |

Number of shares | 435.1M | 435.81M | 436.4M | 436.95M | 452.2M | |

Cash and cash equivalents | 3.91B | 3.07B | 3.79B | 3.35B | 5B | |

Total debt | 8.34B | 8.34B | 10.36B | 10.31B | 12.59B | |

Enterprise value (EV) | 177.51B | 171.37B | 123.29B | 167.17B | 171.36B |

##### Netflix, Inc. Key Metrics

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Revenue (per share) | 8.98 | 9.18 | 9.59 | 10.35 | 11.25 | |

Net income (per share) | 0.88 | 0.92 | 0.31 | 0.79 | 0.62 | |

Operating cash flow (per share) | -1.19 | -1.58 | -2.83 | -0.87 | -1.24 | |

Free cash flow (per share) | -1.07 | -1.2 | -0.66 | -1.28 | -3.01 | |

Cash (per share) | 8.98 | 7.04 | 8.7 | 7.66 | 11.44 | |

Book value (per share) | 10.34 | 11.5 | 12.01 | 13.05 | 13.95 | |

Tangible book value (per share) | 12.8 | 11.4 | 13.43 | 14.49 | 18.8 | |

Shareholders equity (per share) | 10.33 | 11.5 | 12 | 13.05 | 13.95 | |

Interest debt (per share) | 19.17 | 19.13 | 23.74 | 23.58 | 28.78 | |

Price to earnings (P/E) | 175.41 | 131.98 | 96.28 | 126.98 | 142.43 | |

Price to sales (P/S) | 12.47 | 11.15 | 7.39 | 9.64 | 9.29 | |

Price to book (P/B) | 38.53 | 33.18 | 22.3 | 28.12 | 26.85 | |

Price to operating cash flow (P/OCF) | -104.1 | -85.91 | -43.55 | -56.74 | -57.48 | |

Enterprise value to sales | 12.79 | 11.51 | 7.81 | 10.06 | 9.72 | |

Enterprise value to EBITDA | 21.32 | 19.21 | 13.25 | 17 | 16.52 | |

Enterprise value to operating cash flow | -106.77 | -88.64 | -45.99 | -59.21 | -60.15 | |

Enterprise value to free cash flow | -97.18 | -81.59 | -42.62 | -54.67 | -55.45 | |

Earnings yield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |

Free cash flow yield | -0.01 | -0.01 | -0.02 | -0.02 | -0.02 | |

Debt to equity | 1.86 | 1.66 | 1.98 | 1.81 | 2.06 | |

Debt to assets | 0.37 | 0.36 | 0.4 | 0.38 | 0.42 | |

Net debt to EBITDA | 1.86 | 2.17 | 2.81 | 2.58 | 2.6 | |

Current ratio | 1.54 | 1.39 | 1.49 | 0.61 | 0.85 | |

Interest coverage | 5.22 | 4.48 | 1.93 | 3.95 | 4.29 | |

Income quality | -1.35 | -1.71 | -9.22 | -1.1 | -2.01 | |

SG&A to revenue | 0.19 | 0.17 | 0.15 | 0.18 | 0.17 | |

R&D to revenue | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | |

Intangibles to total assets | 0.75 | 0.79 | 0.77 | 0.77 | 0.73 | |

Capex (per share) | -0.09 | -0.11 | -0.18 | -0.16 | -0.11 | |

Capex to revenue | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | |

Capex to depreciation | -0.02 | -0.02 | -0.04 | -0.03 | -0.02 | |

Stock-based compensation to revenue | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | |

Graham number | 22.98 | 27.34 | 27.4 | 29.13 | 28.73 | |

Graham net-net | -0.05 | -0.06 | -0.09 | -0.11 | -0.11 | |

Working capital | 3.27B | 2.43B | 3.21B | -2.69B | -1.06B | |

Tangible asset value | 5.57B | 4.97B | 5.86B | 6.33B | 8.23B | |

Net current asset value | -8.82B | -9.63B | -11.04B | -17.35B | -18.19B | |

Invested capital | 3.92B | 3.94B | 5.94B | 6.43B | 8.88B | |

Average payables | 4.68B | 4.75B | 4.89B | 5.1B | 5.14B |

##### Netflix, Inc. Financial Growth

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Gross profit growth | 0.7 | 0.48 | 0.39 | 0.18 | 0.27 | |

EBIT growth | 6.64 | 1.76 | 0.2 | 0.41 | 0.23 | |

Operating income growth | 2.62 | 1.3 | -0.12 | 0.03 | 0.53 | |

Net income growth | 4.86 | 2.11 | -0.28 | 0.19 | -0.3 | |

EPS growth | 4.87 | 2.07 | -0.29 | 0.18 | -0.3 | |

EPS diluted growth | 4.67 | 2.07 | -0.29 | 0.19 | -0.29 | |

Weighted average shares growth | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |

Weighted average shares diluted growth | 0.01 | 0.01 | 0.01 | 0 | 0 | |

Operating cash flow growth | 0.03 | -0.65 | -1.53 | -0.6 | -0.05 | |

Free cash flow growth | 0.08 | -0.59 | -1.52 | -0.58 | -0.06 | |

Asset growth | 0.37 | 0.38 | 0.37 | 0.35 | 0.33 | |

Book value per share growth | 0.43 | 0.49 | 0.45 | 0.41 | 0.35 | |

Debt growth | 0.72 | 0.71 | 0.59 | 0.58 | 0.51 | |

R&D expense growth | 0.12 | 0.21 | 0.59 | 0.32 | 0.28 | |

SG&A expenses growth | 0.52 | 0.29 | 0.62 | 0.22 | 0.11 |

##### Netflix, Inc. Income

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Revenue | 3.91B | 4B | 4.19B | 4.52B | 4.92B | |

Revenue growth | 0.4 | 0.34 | 0.27 | 0.22 | 0.26 | |

Cost of revenue | 2.4B | 2.53B | 3.07B | 2.87B | 3.01B | |

Gross profit | 1.5B | 1.47B | 1.12B | 1.65B | 1.92B | |

R&D expenses | 299.1M | 308.62M | 276.85M | 372.76M | 383.23M | |

SG&A expense | 743.53M | 678.96M | 624.98M | 818.53M | 827.81M | |

Operating expenses | 1.04B | 987.58M | 901.82M | 1.19B | 1.21B | |

Operating income | 462.21M | 480.67M | 215.77M | 459.08M | 706.42M | |

Interest expense | 101.61M | 108.86M | 128.81M | 135.53M | 152.03M | |

Earnings before tax | 428.64M | 378.81M | 119.4M | 399.66M | 500.92M | |

Income tax expense | 44.29M | -24.02M | -14.54M | 55.61M | 230.27M | |

Net income | 384.35M | 402.84M | 133.93M | 344.05M | 270.65M | |

Net income (com) | 384.35M | 402.84M | 133.93M | 344.05M | 270.65M | |

EPS | 0.88 | 0.92 | 0.3 | 0.79 | 0.62 | |

EPS diluted | 0.85 | 0.89 | 0.29 | 0.76 | 0.6 | |

Weighted average shares outstanding | 434.66M | 435.46M | 436.08M | 436.6M | 437.59M | |

Weighted average shares outstanding diluted | 435.1M | 435.81M | 436.4M | 436.95M | 452.2M | |

Gross margin | 0.39 | 0.37 | 0.27 | 0.37 | 0.39 | |

EBITDA margin | 0.61 | 0.61 | 0.56 | 0.6 | 0.59 | |

EBIT margin | 0.14 | 0.12 | 0.06 | 0.12 | 0.13 | |

Profit margin | 0.1 | 0.1 | 0.03 | 0.08 | 0.06 | |

Free cash flow margin | -0.14 | -0.18 | -0.31 | -0.1 | -0.12 | |

EBITDA | 2.38B | 2.43B | 2.33B | 2.69B | 2.92B | |

EBIT | 530.24M | 487.67M | 248.2M | 535.19M | 652.95M | |

Consolidated income | 384.35M | 402.84M | 133.93M | 344.05M | 270.65M | |

Earnings before tax margin | 0.11 | 0.09 | 0.03 | 0.09 | 0.1 | |

Net profit margin | 0.1 | 0.1 | 0.03 | 0.08 | 0.06 |

##### Netflix, Inc. Balance Sheet

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Cash and cash equivalents | 3.91B | 3.07B | 3.79B | 3.35B | 5B | |

Cash and short-term investments | 3.91B | 3.07B | 3.79B | 3.35B | 5B | |

Total current assets | 13.32B | 14.64B | 16.28B | 23.05B | 24.29B | |

Property, plant and equipment net | 349.65M | 371.15M | 418.28M | 434.37M | 452.4M | |

Goodwill and intangible assets | 17.1B | 18.4B | 20.11B | 20.89B | 21.95B | |

Total non-current assets | 12.09B | 12.06B | 14.25B | 14.66B | 17.13B | |

Total assets | 22.66B | 23.37B | 25.97B | 27.22B | 30.17B | |

Payables | 4.99B | 5.05B | 5.25B | 5.3B | 5.29B | |

Total current liabilities | 6.08B | 6.3B | 6.49B | 6.86B | 6.93B | |

Long-term debt | 8.34B | 8.34B | 10.36B | 10.31B | 12.59B | |

Total debt | 8.34B | 8.34B | 10.36B | 10.31B | 12.59B | |

Deferred revenue | 697.74M | 716.72M | 760.9M | 808.69M | 892.78M | |

Total non-current liabilities | 12.09B | 12.06B | 14.25B | 14.66B | 17.13B | |

Total liabilities | 18.17B | 18.36B | 20.74B | 21.52B | 24.07B | |

Other comprehensive income | -12.43M | -14.51M | -19.58M | -25.6M | -20.35M | |

Retained earnings (deficit) | 2.41B | 2.81B | 2.94B | 3.29B | 3.56B | |

Total shareholders equity | 4.5B | 5.01B | 5.24B | 5.7B | 6.11B | |

Net debt | 4.44B | 5.27B | 6.57B | 6.96B | 7.59B | |

Other assets | 5.44B | 5.66B | 5.9B | 820.35M | 872.91M | |

Other liabilities | 1.09B | 1.24B | 1.24B | 1.55B | 1.64B |

##### Netflix, Inc. Cash Flow

2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | ||
---|---|---|---|---|---|---|

Depreciation and amortization | 1.85B | 1.94B | 2.09B | 2.16B | 2.27B | |

Stock-based compensation | 81.23M | 82.32M | 88.71M | 101.2M | 103.85M | |

Operating cash flow | -518.24M | -690.41M | -1.24B | -379.8M | -543.75M | |

Capital expenditure | -39.87M | -47.06M | -77.63M | -69.55M | -47.38M | |

Investing cash flow | -40.32M | -168.69M | -80.36M | -80.1M | -50.04M | |

Issuance (repayment) of debt | 1.88B | 0 | 2.08B | 0 | 2.23B | |

Issuance (buybacks) of shares | 26.94M | 29.78M | 11.45M | 22.97M | 21.9M | |

Financing cash flow | 1.91B | 29.24M | 2.05B | 22.97M | 2.25B | |

Effect of forex changes on cash | -36.34M | -5.56M | -4.96M | -5.01M | 5M | |

Net cash flow / change in cash | 1.31B | -835.43M | 733.48M | -441.94M | 1.66B | |

Free Cash Flow | -558.11M | -737.47M | -1.31B | -449.35M | -591.14M | |

Net cash / Market cap | -0.03 | -0.03 | -0.06 | -0.04 | -0.05 |