Warner Music Group
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- Market Cap.:
- $17.36 billion
- Book Value:
- Revenue TTM:
- $5.95 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $2.84 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
Warner Music Group had its IPO on 2020-06-03 under the ticker symbol WMG.
The company operates in the Communication Services sector and Entertainment industry. Warner Music Group has a staff strength of 6,200 employees.
Shares of Warner Music Group opened at $32.15 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $32.1 - $33.03, and closed at $32.73.
This is a +0.21% increase from the previous day's closing price.
A total volume of 1,220,402 shares were traded at the close of the day’s session.
In the last one week, shares of Warner Music Group have slipped by -2.73%.
Warner Music Group's Key Ratios
Warner Music Group has a market cap of $17.36 billion, indicating a price to book ratio of 115.6728 and a price to sales ratio of 2.907.
In the last 12-months Warner Music Group’s revenue was $5.95 billion with a gross profit of $2.84 billion and an EBITDA of $1.09 billion. The EBITDA ratio measures Warner Music Group's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Warner Music Group’s operating margin was 12.74% while its return on assets stood at 5.98% with a return of equity of 184.71%.
In Q2, Warner Music Group’s quarterly earnings growth was a negative -1.9% while revenue growth was a positive 9.2%.
Warner Music Group’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $0.82 per share while it has a forward price to earnings multiple of 32.2581 and a PEG multiple of 2.6321. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Warner Music Group’s profitability.
Warner Music Group stock is trading at a EV to sales ratio of 3.5498 and a EV to EBITDA ratio of 17.4512. Its price to sales ratio in the trailing 12-months stood at 2.907.
Warner Music Group stock pays annual dividends of $0.64 per share, indicating a yield of 1.95% and a payout ratio of 81.25%.
Balance sheet and cash flow metrics
- Total Assets
- $8.15 billion
- Total Liabilities
- $3.29 billion
- Operating Cash Flow
- Capital Expenditure
- $44 million
- Dividend Payout Ratio
Warner Music Group ended 2023 with $8.15 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $8.15 billion while shareholder equity stood at $281.00 million.
Warner Music Group ended 2023 with $205.00 million in deferred long-term liabilities, $3.29 billion in other current liabilities, 1000000.00 in common stock, $-1450000000.00 in retained earnings and $1.96 billion in goodwill. Its cash balance stood at $600.00 million and cash and short-term investments were $600.00 million. The company’s total short-term debt was $41,000,000 while long-term debt stood at $3.99 billion.
Warner Music Group’s total current assets stands at $2.32 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $1.11 billion compared to accounts payable of $249.00 million and inventory worth $116.00 million.
In 2023, Warner Music Group's operating cash flow was $-53000000.00 while its capital expenditure stood at $44 million.
Comparatively, Warner Music Group paid $0.81 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
Warner Music Group stock is currently trading at $32.73 per share. It touched a 52-week high of $38.1288 and a 52-week low of $38.1288. Analysts tracking the stock have a 12-month average target price of $35.07.
Its 50-day moving average was $31.2 and 200-day moving average was $30.95 The short ratio stood at 2.94 indicating a short percent outstanding of 0%.
Around 1158.1% of the company’s stock are held by insiders while 8078.7% are held by institutions.
Frequently Asked Questions About Warner Music Group
Similar Industry Stocks (Entertainment)
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin’ Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.