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Warner Music Group Corp. (WMG)

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28.61 -0.07 (-0.24%)
At close: August 30 at 4:00 PM EDT
29.27 +0.66 (+2.31%)
After hours: August 30 at 5:17 PM EDT
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DELL
  • Previous Close 28.68
  • Open 28.79
  • Bid 28.58 x 100
  • Ask 28.63 x 100
  • Day's Range 28.18 - 28.83
  • 52 Week Range 27.06 - 38.05
  • Volume 1,671,652
  • Avg. Volume 2,472,031
  • Market Cap (intraday) 14.818B
  • Beta (5Y Monthly) 1.38
  • PE Ratio (TTM) 27.51
  • EPS (TTM) 1.04
  • Earnings Date Nov 14, 2024 - Nov 18, 2024
  • Forward Dividend & Yield 0.72 (2.52%)
  • Ex-Dividend Date Aug 27, 2024
  • 1y Target Est 35.38

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 150,000 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.

www.wmg.com

5,900

Full Time Employees

September 30

Fiscal Year Ends

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Performance Overview: WMG

Trailing total returns as of 8/30/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

WMG
18.75%
S&P 500
18.42%

1-Year Return

WMG
10.97%
S&P 500
25.59%

3-Year Return

WMG
19.87%
S&P 500
25.26%

5-Year Return

WMG
5.96%
S&P 500
80.87%

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Statistics: WMG

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Valuation Measures

Annual
As of 8/30/2024
  • Market Cap

    14.81B

  • Enterprise Value

    18.46B

  • Trailing P/E

    27.50

  • Forward P/E

    19.80

  • PEG Ratio (5yr expected)

    1.12

  • Price/Sales (ttm)

    2.32

  • Price/Book (mrq)

    30.67

  • Enterprise Value/Revenue

    2.89

  • Enterprise Value/EBITDA

    14.86

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    8.56%

  • Return on Assets (ttm)

    7.42%

  • Return on Equity (ttm)

    125.05%

  • Revenue (ttm)

    6.38B

  • Net Income Avi to Common (ttm)

    539M

  • Diluted EPS (ttm)

    1.04

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    607M

  • Total Debt/Equity (mrq)

    669.76%

  • Levered Free Cash Flow (ttm)

    686.12M

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