warner music group corp. - WMG

WMG

Close Chg Chg %
31.18 0.67 2.15%

Closed Market

31.85

+0.67 (2.15%)

Volume: 2.67M

Last Updated:

Nov 22, 2024, 4:00 PM EDT

Company Overview: warner music group corp. - WMG

WMG Key Data

Open

$30.94

Day Range

30.72 - 32.26

52 Week Range

27.06 - 38.05

Market Cap

$16.15B

Shares Outstanding

517.92M

Public Float

134.34M

Beta

1.37

Rev. Per Employee

N/A

P/E Ratio

37.61

EPS

$0.83

Yield

221.30%

Dividend

$0.18

EX-DIVIDEND DATE

Nov 19, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

1.62M

 

WMG Performance

1 Week
 
-3.25%
 
1 Month
 
-1.64%
 
3 Months
 
9.45%
 
1 Year
 
-4.41%
 
5 Years
 
N/A
 

WMG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 18
Full Ratings ➔

About warner music group corp. - WMG

Warner Music Group Corp. engages in the publishing and recording of music. It operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the sale, marketing, distribution, and licensing of recorded music produced by the company's recording artists. The Music Publishing segment acts as a copyright owner and/or administrator of the musical compositions and generates revenues related to the exploitation of musical compositions. The company was founded on November 21, 2003, and is headquartered in New York, NY.

WMG At a Glance

Warner Music Group Corp.
1633 Broadway
New York, New York 10019
Phone 1-212-275-2000 Revenue 6.43B
Industry Commercial Printing/Forms Net Income 429.00M
Sector Commercial Services 2024 Sales Growth 6.444%
Fiscal Year-end 09 / 2025 Employees 5,900
View SEC Filings

WMG Valuation

P/E Current 37.612
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 37.756
Price to Sales Ratio 2.521
Price to Book Ratio 31.296
Price to Cash Flow Ratio 21.483
Enterprise Value to EBITDA 12.979
Enterprise Value to Sales 3.104
Total Debt to Enterprise Value 0.215

WMG Efficiency

Revenue/Employee 1,107,931.034
Income Per Employee 73,965.517
Receivables Turnover 5.12
Total Asset Turnover 0.726

WMG Liquidity

Current Ratio 0.678
Quick Ratio 0.653
Cash Ratio 0.178

WMG Profitability

Gross Margin 42.702
Operating Margin 18.83
Pretax Margin 9.353
Net Margin 6.676
Return on Assets 4.847
Return on Equity 104.00
Return on Total Capital 8.928
Return on Invested Capital 9.24

WMG Capital Structure

Total Debt to Total Equity 827.606
Total Debt to Total Capital 89.22
Total Debt to Total Assets 46.827
Long-Term Debt to Equity 818.919
Long-Term Debt to Total Capital 88.283
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Warner Music Group Corp. - WMG

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
5.30B 5.92B 6.04B 6.43B
Sales Growth
+18.78% +11.66% +1.99% +6.44%
Cost of Goods Sold (COGS) incl D&A
3.05B 3.42B 3.51B 3.68B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
306.00M 339.00M 332.00M 327.00M
Depreciation
77.00M 76.00M 87.00M 103.00M
Amortization of Intangibles
229.00M 263.00M 245.00M 224.00M
COGS Growth
+17.50% +12.17% +2.63% +4.93%
Gross Income
2.25B 2.50B 2.53B 2.74B
Gross Income Growth
+20.55% +10.96% +1.12% +8.54%
Gross Profit Margin
+42.50% +42.24% +41.88% +42.70%
2021 2022 2023 2024 5-year trend
SG&A Expense
1.60B 1.76B 1.68B 1.53B
Research & Development
- - - -
-
Other SG&A
1.60B 1.76B 1.68B 1.53B
SGA Growth
-23.50% +9.41% -4.44% -8.58%
Other Operating Expense
- - - -
-
Unusual Expense
65.00M (29.00M) 106.00M 421.00M
EBIT after Unusual Expense
583.00M 773.00M 744.00M 789.00M
Non Operating Income/Expense
(5.00M) 92.00M 6.00M (27.00M)
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
122.00M 125.00M 141.00M 161.00M
Interest Expense Growth
-3.94% +2.46% +12.80% +14.18%
Gross Interest Expense
122.00M 125.00M 141.00M 161.00M
Interest Capitalized
- - - -
-
Pretax Income
456.00M 740.00M 609.00M 601.00M
Pretax Income Growth
+202.01% +62.28% -17.70% -1.31%
Pretax Margin
+8.60% +12.50% +10.09% +9.35%
Income Tax
149.00M 185.00M 170.00M 123.00M
Income Tax - Current - Domestic
15.00M 44.00M 55.00M 34.00M
Income Tax - Current - Foreign
107.00M 128.00M 128.00M 137.00M
Income Tax - Deferred - Domestic
32.00M 43.00M (10.00M) (51.00M)
Income Tax - Deferred - Foreign
(5.00M) (30.00M) (3.00M) 3.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
(4.00M) (7.00M) (6.00M) (6.00M)
Consolidated Net Income
303.00M 548.00M 433.00M 472.00M
Minority Interest Expense
3.00M 4.00M 9.00M 43.00M
Net Income
300.00M 544.00M 424.00M 429.00M
Net Income Growth
+163.16% +81.33% -22.06% +1.18%
Net Margin Growth
+5.66% +9.19% +7.02% +6.68%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
300.00M 544.00M 424.00M 429.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
300.00M 544.00M 424.00M 429.00M
EPS (Basic)
0.5843 1.0569 0.8222 0.829
EPS (Basic) Growth
+162.74% +80.88% -22.21% +0.83%
Basic Shares Outstanding
513.47M 514.71M 515.72M 517.52M
EPS (Diluted)
0.5843 1.0569 0.8222 0.829
EPS (Diluted) Growth
+162.74% +80.88% -22.21% +0.83%
Diluted Shares Outstanding
513.47M 514.71M 515.72M 517.52M
EBITDA
954.00M 1.08B 1.18B 1.54B
EBITDA Growth
+2,881.25% +13.52% +9.14% +30.03%
EBITDA Margin
+18.00% +18.30% +19.58% +23.92%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 35.75
Number of Ratings 18 Current Quarters Estimate 0.384
FY Report Date 12 / 2024 Current Year's Estimate 1.44
Last Quarter’s Earnings 0.423 Median PE on CY Estimate N/A
Year Ago Earnings 1.368 Next Fiscal Year Estimate 1.658
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 12 12 13 13
Mean Estimate 0.38 0.31 1.44 1.66
High Estimates 0.54 0.36 1.92 2.04
Low Estimate 0.33 0.26 1.23 1.52
Coefficient of Variance 14.32 11.59 12.00 9.22

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 11 11 11
OVERWEIGHT 1 1 1
HOLD 5 6 7
UNDERWEIGHT 1 1 0
SELL 0 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Warner Music Group Corp. - WMG

Date Name Shares Transaction Value
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,909,422 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.25 per share 82,191,171.50
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,861,288 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.21 per share 80,716,934.48
Oct 4, 2024 Max George Lousada CEO, Recorded Music 2,725,964 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $28.17 per share 76,790,405.88
Mar 8, 2024 Michael M. Lynton Director 36,736 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 1,308,536.32
Mar 8, 2024 Ynon Kreiz Director 25,212 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 898,051.44
Mar 8, 2024 Mathias Döpfner Director 23,762 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 846,402.44
Mar 8, 2024 Mathias Döpfner Director 22,098 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $35.62 per share 787,130.76
Mar 8, 2024 Nancy Dubuc Director 18,291 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 651,525.42
Mar 8, 2024 Noreena Hertz Director 23,762 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 846,402.44
Mar 8, 2024 Noreena Hertz Director 22,098 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $35.62 per share 787,130.76
Mar 8, 2024 Ceci Kurzman Director 22,568 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $35.62 per share 803,872.16
Jan 9, 2024 Bryan Castellani Chief Financial Officer 34,193 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Carletta Higginson EVP, Chief Digital Officer 46,627 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Timothy Matusch EVP Strategy & Operations 57,483 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Carianne Marshall Co-Chair & COO Warner Chappell 93,865 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Maria Osherova EVP, Chief Human Res. Officer 43,210 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 James Steven EVP, Chief Comm. Officer 44,363 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Paul Martin Robinson EVP & General Counsel 45,341 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jan 9, 2024 Guy Kimberly Moot Co-Chair & CEO Warner Chappell 93,865 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00

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