WMG

Warner Music Group Corp. [WMG] Stock Forecast

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In the News

10:00 28 Mar 2024 WMG

4 Film & Television Production Stocks to Watch on Solid Industry Trends

Film and television production and distribution companies like WMG, NWSA, LGF.A and IMAX benefit from the higher consumption of digital entertainment and a recovering ad spending environment.

02:22 28 Mar 2024 WMG

US Supreme Court may dump Warner Music dispute over copyright damages

U.S. Supreme Court justices signaled on Wednesday they may dismiss a legal fight between a Miami music producer and Warner Music over a song by rapper Flo Rida.

06:50 28 Mar 2024 WMG

Warner Music Group Corp. (WMG) Misses Q1 Earnings Estimates

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.23 per share a year ago.

06:25 28 Mar 2024 WMG

Warner Music to lay off 10% of workforce as part of restructuring plan

Warner Music Group Corp. is planning to lay off about 600 employees, or around 10% of its workforce, as part of a restructuring plan aimed at freeing up more cash to invest in music and boost growth.

06:12 28 Mar 2024 WMG

Warner Music Laying Off 600 Employees As It Looks To Sell Uproxx

Warner Music announced plans Wednesday to cut 600 employees in the record label conglomerate's latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a string of corporate layoffs in the tech industry.

05:22 28 Mar 2024 WMG

Warner Music to cut 600 jobs, or 10% of staff

Warner Music is cutting 10% of its workforce in a plan to restructure the company.

11:06 28 Mar 2024 WMG

Warner Music Group Corp. (WMG) Earnings Expected to Grow: Should You Buy?

Warner Music Group Corp. (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

02:25 28 Mar 2024 WMG

The Next Media Giants: 3 Stocks to Buy for Blockbuster Returns

The rosy, demand-rich period of the COVID-19 pandemic is over, and media stocks haven't been faring well as of late. The sheer number of streaming services results in a dizzying array of things to watch.

01:32 28 Mar 2024 WMG

Warner Music Group Corp. (WMG) Upgraded to Buy: Here's Why

Warner Music Group Corp. (WMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

09:00 28 Mar 2024 WMG

Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, February 8, 2024

NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, February 8, 2024, for the first quarter ended December 31, 2023, and will hold an earnings conference call that morning at 8:30 a.m. ET.

WMG Financial details

Company Rating
Strong Buy
Market Cap
16.87B
Income
467M
Revenue
6.3B
Book val./share
0.9
Cash/share
1.46
Dividend
0.66
Dividend %
1.91%
Employees
5.9K
Optionable
No
Shortable
Yes
Earnings
07 May 2024
P/E
42.11
Forward P/E
23.38
PEG
-24.8
P/S
2.95
P/B
58.99
P/C
22.58
P/FCF
35.14
Quick Ratio
0.5
Current Ratio
0.68
Debt / Equity
9.28
LT Debt / Equity
6.9
-
-
EPS (TTM)
0.88
EPS next Y
1.41
EPS next Q
0.29
EPS this Y
-21.7%
EPS next Y
60.65%
EPS next 5Y
95.45%
EPS last 5Y
10.23%
Revenue last 5Y
6.17%
Revenue Q/Q
10.21%
EPS Q/Q
3.45%
-
-
-
-
SMA20
-5.71%
SMA50
-5.71%
SMA100
3.13%
Inst Own
18.37%
Inst Trans
0.79%
ROA
5%
ROE
155%
ROC
0.13%
Gross Margin
47%
Oper. Margin
11%
Profit Margin
7%
Payout
79%
Shs Outstand
517.88M
Shs Float
489.79M
-
-
-
-
Target Price
38
52W Range
23.62-38.05
52W High
-13.26%
52W Low
+43.3%
RSI
43
Rel Volume
0.25
Avg Volume
1.34M
Volume
333.44K
Perf Week
-0.48%
Perf Month
-8.27%
Perf Quarter
0.18%
Perf Half Y
6.46%
-
-
-
-
Beta
1.472
-
-
Volatility
0.41%, 1.04%
Prev Close
-1.08%
Price
32.96
Change
0.46%

WMG Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-09-30

Metric History 2019-09-302020-09-302021-09-302022-09-30 2023-09-30
2.02K2.02K2.02K2.02K2.02K
Revenue per share
8.918.8510.3211.511.71
Net income per share
0.51-0.940.591.070.83
Operating cash flow per share
0.80.921.241.441.33
Free cash flow per share
0.510.670.120.810.86
Cash per share
0.821.10.21.131.24
Book value per share
-0.58-0.120.060.30.6
Tangible book value per share
-7.78-7.3-7.7-8.04-7.88
Share holders equity per share
-0.58-0.120.060.30.6
Interest debt per share
10.387.077.48.048.53
Market cap
15.12B14.5B21.95B11.95B16.19B
Enterprise value
17.47B17.39B25.12B15.38B19.81B
P/E ratio
59.06-30.5372.1921.6837.66
Price to sales ratio
3.383.254.142.022.68
POCF ratio
37.831.3234.416.123.57
PFCF ratio
59.2942.9342.928.7236.31
P/B Ratio
-52.32-230.16707.9378.5952.75
PTB ratio
-52.32-230.16707.9378.5952.75
EV to sales
3.913.94.742.63.28
Enterprise value over EBITDA
25.51-695.5627.7312.7718.26
EV to operating cash flow
43.6937.5639.3820.7228.84
EV to free cash flow
68.5351.45392.5436.9644.42
Earnings yield
0.02-0.030.010.050.03
Free cash flow yield
0.020.0200.030.03
Debt to equity
-17.53-54.63118.5826.413.88
Debt to assets
0.840.540.510.510.5
Net debt to EBITDA
3.44-115.563.512.853.34
Current ratio
0.60.620.60.640.68
Interest coverage
2.51-1.84.995.715.6
Income quality
1.55-0.992.081.341.56
Dividend Yield
0.010.020.010.030.02
Payout ratio
0.37-0.720.870.580.79
Sales general and administrative to revenue
0.170.320.160.160.16
Research and developement to revenue
00000
Intangibles to total assets
0.60.570.550.550.53
Capex to operating cash flow
-0.36-0.27-0.9-0.44-0.35
Capex to revenue
-0.03-0.03-0.11-0.06-0.04
Capex to depreciation
-0.54-0.48-1.88-0.96-0.73
Stock based compensation to revenue
0.010.140.010.010.01
Graham number
2.571.630.92.673.34
ROIC
0.07-0.060.10.120.12
Return on tangible assets
0.11-0.170.090.160.11
Graham Net
-10.47-10.47-12.43-12.21-12.74
Working capital
-1.13B-1.04B-1.25B-1.23B-1.14B
Tangible asset value
-3.9B-3.68B-3.96B-4.14B-4.07B
Net current asset value
-4.6B-4.78B-5.27B-5.52B-5.71B
Invested capital
-17.53-54.63118.5826.413.88
Average receivables
611M773M805M911.5M1.05B
Average payables
270.5M262M283M285M284M
Average inventory
58M76.5M89M103.5M117M
Days sales outstanding
63.2163.0657.7760.6867.72
Days payables outstanding
39.5341.340.231.7634.47
Days of inventory on hand
11.2512.3613.1812.814.48
Receivables turnover
5.775.796.326.025.39
Payables turnover
9.238.849.0811.4910.59
Inventory turnover
32.4529.5327.728.5225.21
ROE
-0.897.549.813.631.4
Capex per share
-0.29-0.25-1.12-0.63-0.47

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q1

Metric History 2022-12-312023-03-312023-06-302023-09-30 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
2.892.713.033.073.38
Net income per share
0.240.070.240.290.31
Operating cash flow per share
0.41-0.010.280.660.57
Free cash flow per share
0.3-0.10.20.460.4
Cash per share
1.41.161.161.241.46
Book value per share
0.520.490.540.590.9
Tangible book value per share
-7.93-7.9-7.77-7.88-7.63
Share holders equity per share
0.520.490.540.590.9
Interest debt per share
8.258.358.398.338.39
Market cap
18.04B17.22B13.46B16.2B18.48B
Enterprise value
21.54B20.89B17.15B19.82B22.03B
P/E ratio
36.96126.5927.5826.6529.06
Price to sales ratio
12.1212.318.6110.2210.57
POCF ratio
86.31-2.87K92.247.9463.09
PFCF ratio
116.37-344.32131.9767.7990.17
P/B Ratio
66.8168.3247.952.7839.92
PTB ratio
66.8168.3247.952.7839.92
EV to sales
14.4714.9310.9712.512.6
Enterprise value over EBITDA
87.19118.6958.1560.859.85
EV to operating cash flow
103.05-3.48K117.4958.6475.17
EV to free cash flow
138.95-417.78168.1882.93107.44
Earnings yield
0.0100.010.010.01
Free cash flow yield
0.0100.010.010.01
Debt to equity
15.6316.9615.2813.889.28
Debt to assets
0.520.530.530.50.48
Net debt to EBITDA
14.1720.8712.5211.19.63
Current ratio
0.70.690.70.680.7
Interest coverage
8.283.544.975.899.08
Income quality
1.69-0.161.182.191.52
Dividend Yield
000.010.010
Payout ratio
0.692.440.690.590.56
Sales general and administrative to revenue
0.150.180.160.170.15
Research and developement to revenue
00000
Intangibles to total assets
0.540.540.530.530.51
Capex to operating cash flow
-0.267.33-0.3-0.29-0.3
Capex to revenue
-0.04-0.03-0.03-0.06-0.05
Capex to depreciation
-0.64-0.53-0.51-1.25-1.09
Stock based compensation to revenue
0.010.02000.01
Graham number
1.670.851.71.992.49
ROIC
0.040.020.030.030.05
Return on tangible assets
0.030.010.030.040.04
Graham Net
-12.28-12.26-12.32-12.73-12.92
Working capital
-1B-975M-973M-1.14B-1.13B
Tangible asset value
-4.08B-4.08B-4.01B-4.07B-3.94B
Net current asset value
-5.51B-5.53B-5.53B-5.71B-5.76B
Invested capital
15.6316.9615.2813.889.28
Average receivables
994M1.01B1.07B1.12B1.16B
Average payables
244M251M265.5M274.5M273M
Average inventory
105M108M115M121M116M
Days sales outstanding
60.7365.4364.0563.5661.53
Days payables outstanding
26.0235.226.3631.9525.16
Days of inventory on hand
12.0614.2312.2813.4210.84
Receivables turnover
1.481.381.411.421.46
Payables turnover
3.462.563.412.823.58
Inventory turnover
7.466.327.336.718.3
ROE
0.450.130.430.50.34
Capex per share
-0.1-0.09-0.09-0.19-0.17

WMG Frequently Asked Questions

What is Warner Music Group Corp. stock symbol ?

Warner Music Group Corp. is a US stock , located in New york of Ny and trading under the symbol WMG

Is Warner Music Group Corp. buy or a sell ?

24 stock analysts have 24 predictions with a medium analyst target price of $38.08. The lowest prediction is $27 and the highest is $50

What is WMG stock prediction ?

With a median analyst target price of $30, 1 stock analysts have made 1 forecasts in last 90 days. $30 is the lowest and $30 is the greatest projection.

What is Warner Music Group Corp. stock quote today ?

Warner Music Group Corp. stock price is $32.96 today.

Is Warner Music Group Corp. stock public?

Yes, Warner Music Group Corp. is a publicly traded company.

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