Warner Music Group Corp. (WMG)
Warner Music Statistics
Share Statistics
Warner Music has 520.36M shares outstanding. The number of shares has increased by 0.47% in one year.
| Shares Outstanding | 520.36M |
| Shares Change (YoY) | 0.47% |
| Shares Change (QoQ) | 0.46% |
| Owned by Institutions (%) | 10.3% |
| Shares Floating | 488.15M |
| Failed to Deliver (FTD) Shares | 230 |
| FTD / Avg. Volume | 0.01% |
Short Selling Information
The latest short interest is 9.86M, so 1.89% of the outstanding shares have been sold short.
| Short Interest | 9.86M |
| Short % of Shares Out | 1.89% |
| Short % of Float | 2.02% |
| Short Ratio (days to cover) | 6.03 |
Valuation Ratios
The PE ratio is 75.52 and the forward PE ratio is 19.38. Warner Music's PEG ratio is -31.72.
| PE Ratio | 75.52 |
| Forward PE | 19.38 |
| PS Ratio | 5.11 |
| Forward PS | 2.1 |
| PB Ratio | 63.42 |
| P/FCF Ratio | 51.49 |
| PEG Ratio | -31.72 |
Enterprise Valuation
Warner Music has an Enterprise Value (EV) of 36.44B.
| EV / Sales | 5.67 |
| EV / EBITDA | 33.46 |
| EV / EBIT | 48.33 |
| EV / FCF | 57.12 |
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 |
| Debt / EBITDA | 3.94 |
| Debt / FCF | 6.72 |
| Interest Coverage | 5.11 |
Financial Efficiency
Return on Equity is 83.98% and Return on Invested Capital is 12.34%.
| Return on Equity | 83.98% |
| Return on Assets | 4.75% |
| Return on Invested Capital | 12.34% |
| Revenue Per Employee | $1.11M |
| Profits Per Employee | $75K |
| Employee Count | 5,800 |
| Asset Turnover | 0.7 |
| Inventory Turnover | 33.89 |
Taxes
| Income Tax | 123M |
| Effective Tax Rate | 20.47% |
Stock Price Statistics
The stock price has increased by -13.04% in the last 52 weeks. The beta is 1.32, so Warner Music's price volatility has been higher than the market average.
| Beta | 1.32 |
| 52-Week Price Change | -13.04% |
| 50-Day Moving Average | 32.65 |
| 200-Day Moving Average | 31.24 |
| Relative Strength Index (RSI) | 36.52 |
| Average Volume (20 Days) | 2.09M |
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 | 762M |
| 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 | 1.32% |
| FCF Yield | 1.94% |
Analyst Forecast
The average price target for WMG is $36, which is 23% higher than the current price. The consensus rating is "Buy".
| Price Target | $36 |
| Price Target Difference | 23% |
| Analyst Consensus | Buy |
| Analyst Count | 15 |
Scores
| Altman Z-Score | 1.82 |
| Piotroski F-Score | 4 |