Warner Music Group Corp. (WMG)
Warner Music Statistics
Share Statistics
Warner Music has 520.36M shares outstanding. The number of shares has increased by 0.02% in one year.
| Shares Outstanding | 520.36M |
| Shares Change (YoY) | 0.02% |
| Shares Change (QoQ) | 0.01% |
| Owned by Institutions (%) | 10.3% |
| Shares Floating | 488.15M |
| Failed to Deliver (FTD) Shares | 426 |
| FTD / Avg. Volume | 0.02% |
Short Selling Information
The latest short interest is 9.8M, so 1.88% of the outstanding shares have been sold short.
| Short Interest | 9.8M |
| Short % of Shares Out | 1.88% |
| Short % of Float | 2.01% |
| Short Ratio (days to cover) | 6.78 |
Valuation Ratios
The PE ratio is 75.52 and the forward PE ratio is 20.56. Warner Music's PEG ratio is -31.72.
| PE Ratio | 75.52 |
| Forward PE | 20.56 |
| PS Ratio | 5.11 |
| Forward PS | 2.4 |
| PB Ratio | 63.42 |
| P/FCF Ratio | 51.49 |
| PEG Ratio | -31.72 |
Enterprise Valuation
Warner Music Group Corp. has an Enterprise Value (EV) of 20.45B.
| EV / Earnings | 47.02 |
| EV / Sales | 3.18 |
| EV / EBITDA | 18.78 |
| EV / EBIT | 24.85 |
| EV / FCF | 32.06 |
Financial Position
The company has a current ratio of 0.68, with a Debt / Equity ratio of 8.28.
| Current Ratio | 0.68 |
| Quick Ratio | 0.65 |
| Debt / Equity | 8.28 |
| Total Debt / Capitalization | 89.22 |
| Cash Flow / Debt | 0.18 |
| Interest Coverage | 5.11 |
Financial Efficiency
Return on equity (ROE) is 0.84% and return on capital (ROIC) is 13.19%.
| Return on Equity (ROE) | 0.84% |
| Return on Assets (ROA) | 0.05% |
| Return on Capital (ROIC) | 13.19% |
| Revenue Per Employee | $1,107,931.03 |
| Profits Per Employee | $75,000 |
| Employee Count | 5,800 |
| Asset Turnover | 0.7 |
| Inventory Turnover | 33.89 |
Taxes
| Income Tax | 123M |
| Effective Tax Rate | 0.2 |
Stock Price Statistics
The stock price has increased by 0.69% in the last 52 weeks. The beta is 1.33, so Warner Music's price volatility has been higher than the market average.
| Beta | 1.33 |
| 52-Week Price Change | 0.69% |
| 50-Day Moving Average | 32.7 |
| 200-Day Moving Average | 31.25 |
| Relative Strength Index (RSI) | 41.83 |
| Average Volume (20 Days) | 2.34M |
Income Statement
In the last 12 months, Warner Music had revenue of 6.43B and earned 435M in profits. Earnings per share was 0.41.
| Revenue | 6.43B |
| Gross Profit | 3.07B |
| Operating Income | 823M |
| Net Income | 435M |
| EBITDA | 1.09B |
| EBIT | 823M |
| Earnings Per Share (EPS) | 0.41 |
Balance Sheet
The company has 694M in cash and 4.29B in debt, giving a net cash position of -3.59B.
| Cash & Cash Equivalents | 694M |
| Total Debt | 4.29B |
| Net Cash | -3.59B |
| Retained Earnings | -1.31B |
| Total Assets | 9.15B |
| Working Capital | -1.21B |
Cash Flow
In the last 12 months, operating cash flow was 754M and capital expenditures -116M, giving a free cash flow of 638M.
| Operating Cash Flow | 754M |
| Capital Expenditures | -116M |
| Free Cash Flow | 638M |
| FCF Per Share | 0.61 |
Margins
Gross margin is 47.79%, with operating and profit margins of 12.81% and 6.77%.
| Gross Margin | 47.79% |
| Operating Margin | 12.81% |
| Pretax Margin | 9.35% |
| Profit Margin | 6.77% |
| EBITDA Margin | 16.95% |
| EBIT Margin | 12.81% |
| FCF Margin | 9.93% |
Dividends & Yields
WMG pays an annual dividend of $0.71, which amounts to a dividend yield of 1.99%.
| Dividend Per Share | $0.71 |
| Dividend Yield | 1.99% |
| Dividend Growth (YoY) | 5.88% |
| Payout Ratio | 72.45% |
| Earnings Yield | 1.27% |
| FCF Yield | 3.79% |
Analyst Forecast
The average price target for WMG is $36, which is 11.4% higher than the current price. The consensus rating is "Buy".
| Price Target | $36 |
| Price Target Difference | 11.4% |
| Analyst Consensus | Buy |
| Analyst Count | 15 |
Scores
| Altman Z-Score | 1.94 |
| Piotroski F-Score | 4 |