Universal Music Group NV
VSE:UMG

Watchlist Manager
Universal Music Group NV Logo
Universal Music Group NV
VSE:UMG
Watchlist
Price: 21.81 EUR -0.68% Market Closed
Market Cap: 39.9B EUR
Section:
 

Relative Value

The Relative Value of one UMG stock under the Base Case scenario is 26.24 EUR. Compared to the current market price of 21.81 EUR, Universal Music Group NV is Undervalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

UMG Relative Value
Base Case
26.24 EUR
Undervaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.6
P/S
P/S
Price to Sales
2.6
vs History
90
vs Industry
20
Median 3Y
3.9
Median 5Y
3.9
Industry
1.5
Forward
3.2
More Details
7
P/E
P/E
Price to Earnings
7
vs History
90
vs Industry
15
Median 3Y
32.4
Median 5Y
36.5
Industry
17.2
Forward
21.5
More Details
22.4
P/OCF
P/OCF
Price to OCF
22.4
vs History
90
vs Industry
13
Median 3Y
25.6
Median 5Y
26.4
Industry
11
More Details
22.1
P/FCFE
P/FCFE
Price to FCFE
22.1
vs History
79
vs Industry
16
Median 3Y
27.2
Median 5Y
28.7
Industry
15.5
More Details
8.1
P/B
P/B
Price to Book Value
8.1
vs History
96
vs Industry
4
Median 3Y
14.5
Median 5Y
15.9
Industry
1.8
More Details
2.7
EV/S
EV/S
Enterprise Value to Sales
2.7
vs History
90
vs Industry
19
Median 3Y
4
Median 5Y
4
Industry
1.6
Forward
3.4
More Details
N/A
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
18
Median 3Y
9.2
Median 5Y
9.2
Industry
3.5
More Details
8.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
8.4
vs History
90
vs Industry
10
Median 3Y
26
Median 5Y
24.4
Industry
8.9
Forward
15.2
More Details
8.4
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
8.4
vs History
90
vs Industry
12
Median 3Y
27.6
Median 5Y
27.5
Industry
12.7
Forward
18.9
More Details
23.6
EV/OCF
EV/OCF
Enterprise Value to OCF
23.6
vs History
88
vs Industry
12
Median 3Y
26.7
Median 5Y
27.5
Industry
10.6
More Details
24.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
24.8
vs History
86
vs Industry
13
Median 3Y
27.7
Median 5Y
28.4
Industry
12.6
More Details
3.5
EV/IC
EV/IC
Enterprise Value to IC
3.5
vs History
96
vs Industry
11
Median 3Y
5.7
Median 5Y
5.8
Industry
1.4
More Details

Multiples Across Competitors

UMG Competitors Multiples
Universal Music Group NV Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NL
Universal Music Group NV
VSE:UMG
39.7B EUR 2.6 7 8.4 8.4
US
Netflix Inc
NASDAQ:NFLX
399.5B USD 9.2 38.3 14.1 32
US
Walt Disney Co
NYSE:DIS
204.6B USD 2.2 16.5 12.2 16.9
LU
Spotify Technology SA
NYSE:SPOT
117.9B USD 5.9 71.3 44 46.4
US
Warner Bros Discovery Inc
NASDAQ:WBD
72.7B USD 1.9 149.9 5.2 58.3
US
TKO Group Holdings Inc
NYSE:TKO
40.5B USD 9.3 176.9 29.9 42.7
US
Live Nation Entertainment Inc
NYSE:LYV
32.3B USD 1.3 100.3 16.5 24.3
CN
Tencent Music Entertainment Group
NYSE:TME
27.1B USD 6 17.7 18.3 18.3
US
Roku Inc
NASDAQ:ROKU
16.1B USD 3.5 -582.5 -173.1 -124.8
FR
Bollore SE
PAR:BOL
13B EUR 8.4 -7.7 -12.1 -11.5
US
Warner Music Group Corp
NASDAQ:WMG
14.5B USD 2.2 40.2 14.1 19.8
P/E Multiple
Earnings Growth PEG
NL
Universal Music Group NV
VSE:UMG
Average P/E: 68.7
7
2%
3.5
US
Netflix Inc
NASDAQ:NFLX
38.3
25%
1.5
US
Walt Disney Co
NYSE:DIS
16.5
6%
2.7
LU
Spotify Technology SA
NYSE:SPOT
71.3
42%
1.7
US
Warner Bros Discovery Inc
NASDAQ:WBD
149.9
N/A N/A
US
TKO Group Holdings Inc
NYSE:TKO
176.9
435%
0.4
US
Live Nation Entertainment Inc
NYSE:LYV
100.3
7%
14.3
CN
Tencent Music Entertainment Group
NYSE:TME
17.7
22%
0.8
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -582.5 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -7.7
-39%
N/A
US
Warner Music Group Corp
NASDAQ:WMG
40.2
40%
1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NL
Universal Music Group NV
VSE:UMG
Average EV/EBITDA: 18.1
8.4
16%
0.5
US
Netflix Inc
NASDAQ:NFLX
14.1
-7%
N/A
US
Walt Disney Co
NYSE:DIS
12.2
10%
1.2
LU
Spotify Technology SA
NYSE:SPOT
44
40%
1.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
5.2
-26%
N/A
US
TKO Group Holdings Inc
NYSE:TKO
29.9
27%
1.1
US
Live Nation Entertainment Inc
NYSE:LYV
16.5
19%
0.9
CN
Tencent Music Entertainment Group
NYSE:TME
18.3
22%
0.8
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -173.1 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -12.1 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
14.1
14%
1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NL
Universal Music Group NV
VSE:UMG
Average EV/EBIT: 29.7
8.4
16%
0.5
US
Netflix Inc
NASDAQ:NFLX
32
25%
1.3
US
Walt Disney Co
NYSE:DIS
16.9
17%
1
LU
Spotify Technology SA
NYSE:SPOT
46.4
42%
1.1
US
Warner Bros Discovery Inc
NASDAQ:WBD
58.3
62%
0.9
US
TKO Group Holdings Inc
NYSE:TKO
42.7
36%
1.2
US
Live Nation Entertainment Inc
NYSE:LYV
24.3
14%
1.7
CN
Tencent Music Entertainment Group
NYSE:TME
18.3
23%
0.8
US
Roku Inc
NASDAQ:ROKU
Negative Multiple: -124.8 N/A N/A
FR
Bollore SE
PAR:BOL
Negative Multiple: -11.5 N/A N/A
US
Warner Music Group Corp
NASDAQ:WMG
19.8
18%
1.1

See Also

Summary
UMG intrinsic value, competitors valuation, and company profile.
DCF Valuation
UMG stock valuation using Discount Cash Flow valuation method.
Relative Valuation
UMG stock valuation using valuation multiples.
Wall Street Estimates
UMG price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
UMG stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 303,400+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.