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WMG (Warner Music Group) Enterprise Value : $18,680 Mil (As of Apr. 12, 2025)


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What is Warner Music Group Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Warner Music Group's Enterprise Value is $18,680 Mil. Warner Music Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was $825 Mil. Therefore, Warner Music Group's EV-to-EBIT ratio for today is 22.64.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Warner Music Group's Enterprise Value is $18,680 Mil. Warner Music Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 was $1,157 Mil. Therefore, Warner Music Group's EV-to-EBITDA ratio for today is 16.15.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Warner Music Group's Enterprise Value is $18,680 Mil. Warner Music Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 was $6,344 Mil. Therefore, Warner Music Group's EV-to-Revenue ratio for today is 2.94.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Warner Music Group's Enterprise Value is $18,680 Mil. Warner Music Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 was $501 Mil. Therefore, Warner Music Group's EV-to-FCF ratio for today is 37.29.


Warner Music Group Enterprise Value Historical Data

The historical data trend for Warner Music Group's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Warner Music Group Enterprise Value Chart

Warner Music Group Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17,565.20 25,176.86 15,394.67 19,944.24 19,961.49

Warner Music Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22,224.91 20,932.42 19,672.19 19,961.49 19,684.11

Competitive Comparison of Warner Music Group's Enterprise Value

For the Entertainment subindustry, Warner Music Group's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Warner Music Group's Enterprise Value Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Warner Music Group's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Warner Music Group's Enterprise Value falls into.


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Warner Music Group Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Warner Music Group's Enterprise Value for the fiscal year that ended in Sep. 2024 is calculated as

Warner Music Group's Enterprise Value for the quarter that ended in Dec. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Warner Music Group  (NAS:WMG) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Warner Music Group's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=18680.081/825
=22.64

Warner Music Group's current Enterprise Value is $18,680 Mil.
Warner Music Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $825 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Warner Music Group's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=18680.081/1157
=16.15

Warner Music Group's current Enterprise Value is $18,680 Mil.
Warner Music Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,157 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Warner Music Group's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=18680.081/6344
=2.94

Warner Music Group's current Enterprise Value is $18,680 Mil.
Warner Music Group's Revenue for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,344 Mil.

4. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Warner Music Group's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=18680.081/501
=37.29

Warner Music Group's current Enterprise Value is $18,680 Mil.
Warner Music Group's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $501 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Warner Music Group Enterprise Value Related Terms

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Warner Music Group Business Description

Traded in Other Exchanges
Address
1633 Broadway, New York, NY, USA, 10019
Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.
Executives
Valentin Blavatnik director C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Timothy Matusch officer: EVP Strategy & Operations C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Maria Osherova officer: EVP, Chief Human Res. Officer C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Lincoln E Benet director C/O LYONDELLBASELL INDUSTRIES N.V., DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Max Lousada director, officer: CEO, Recorded Music C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Carletta Higginson officer: EVP, Chief Digital Officer C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Bryan Castellani officer: Chief Financial Officer C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Entertainment Holdings Ii Llc 10 percent owner 40 WEST 57TH STREET, 28TH FLOOR, NEW YORK NY 10019
Robert Kyncl officer: Co-CEO C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Nancy Dubuc director C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Ai Entertainment Holdings Llc 10 percent owner C/O ACCESS INDUSTRIES, LLC, 40 WEST 57TH ST, 28TH FLR, NEW YORK NY 10019
Louis Dickler officer: Acting CFO & Corp. Contr. C/O WARNER MUSIC GROUP CORP., 1633 BROADWAY, NEW YORK NY 10019
Thomas H Lee director C/O THOMAS H. LEE CAPITAL LLC, 767 FIFTH AVENUE, 6TH FLOOR, NEW YORK NY 10153
Michael Lynton director 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Ynon Kreiz director 333 CONTINENTAL BOULEVARD, M1: 1518, EL SEGUNDO CA 90245