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UNVGY US​
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Universal Music Group N.V./ADR Unsponsored ADR(UNVGY US)

$9.67+0.242.52%(Market Open · 17:46:02 UTC)
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Overview

ProfileEntity Structure

Documents

SEC Filings
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  • Home
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  • Pricing and plans
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  • Get the full experience

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UNVGY US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Universal Music Group N.V./ADR Unsponsored ADR(UNVGY US)

$9.67+0.242.52%(Market Open · 17:46:02 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Universal Music Group N.V./ADR Unsponsored ADR — Company Profile

Universal Music Group N.V. (UMG) functions as a leading global entity in the music industry, with operations spanning three core divisions: Recorded Music, Music Publishing, and Merchandising & Other. The Recorded Music sector is responsible for identifying and nurturing recording artists, subsequently marketing and promoting their musical works across a wide array of formats and distribution channels. This segment also extends its activities to live entertainment events, brand endorsement deals, and engagements in film and television projects. UMG's Music Publishing division concentrates on discovering and fostering songwriters, while also administering and protecting the copyrights for musical compositions. These compositions are then licensed for use in various contexts, such as recorded tracks, public performances, cinematic productions, advertising campaigns, and similar applications. The Merchandising & Other segment is dedicated to the production and sale of artist-branded and other related products. These items are distributed through diverse retail avenues, including fashion retail, concert tours, and online marketplaces. Furthermore, this division offers services related to brand rights management. The company boasts a substantial catalog, comprising approximately 3 million sound recordings and 4 million owned or administered musical compositions. It represents around 250 artists and brands, and its portfolio includes about 50 record labels covering a broad spectrum of musical genres. Universal Music Group was established in 2020 and is headquartered in Hilversum, the Netherlands.

Sector
Communication Services
Industry
Entertainment
Exchange
UU
CEO
Sir Lucian Grainge
Headquarters
Hilversum, NY, NL
IPO Date
Nov 9, 2021
Employees
10,595
Website
www.universalmusic.com

Key Metrics

Price
$7.98
Market Cap
$29.27B
Revenue (TTM)
$12.01B
Net Income (TTM)
$1.47B
EPS (TTM)
0.40
P/E (TTM)
0.00
P/B (TTM)
6.44
Dividend Yield
2.56%
ROE (TTM)
32.41%
ROA (TTM)
8.44%
Operating Margin
16.73%

Universal Music Group N.V./ADR Unsponsored ADR — Company Profile

Universal Music Group N.V. (UMG) functions as a leading global entity in the music industry, with operations spanning three core divisions: Recorded Music, Music Publishing, and Merchandising & Other. The Recorded Music sector is responsible for identifying and nurturing recording artists, subsequently marketing and promoting their musical works across a wide array of formats and distribution channels. This segment also extends its activities to live entertainment events, brand endorsement deals, and engagements in film and television projects. UMG's Music Publishing division concentrates on discovering and fostering songwriters, while also administering and protecting the copyrights for musical compositions. These compositions are then licensed for use in various contexts, such as recorded tracks, public performances, cinematic productions, advertising campaigns, and similar applications. The Merchandising & Other segment is dedicated to the production and sale of artist-branded and other related products. These items are distributed through diverse retail avenues, including fashion retail, concert tours, and online marketplaces. Furthermore, this division offers services related to brand rights management. The company boasts a substantial catalog, comprising approximately 3 million sound recordings and 4 million owned or administered musical compositions. It represents around 250 artists and brands, and its portfolio includes about 50 record labels covering a broad spectrum of musical genres. Universal Music Group was established in 2020 and is headquartered in Hilversum, the Netherlands.

Sector
Communication Services
Industry
Entertainment
Exchange
UU
CEO
Sir Lucian Grainge
Headquarters
Hilversum, NY, NL
IPO Date
Nov 9, 2021
Employees
10,595
Website
www.universalmusic.com

Key Metrics

Price
$7.98
Market Cap
$29.27B
Revenue (TTM)
$12.01B
Net Income (TTM)
$1.47B
EPS (TTM)
0.40
P/E (TTM)
0.00
P/B (TTM)
6.44
Dividend Yield
2.56%
ROE (TTM)
32.41%
ROA (TTM)
8.44%
Operating Margin
16.73%
Beta
0.47

Dividends

Last Dividend
$0.16
Last Yield
0.03%

Summary

Universal Music Group N.V. (UMG) functions as a leading global entity in the music industry, with operations spanning three core divisions: Recorded Music, Music Publishing, and Merchandising & Other. The Recorded Music sector is responsible for identifying and nurturing recording artists, subsequently marketing and promoting their musical works across a wide array of formats and distribution channels. This segment also extends its activities to live entertainment events, brand endorsement deals, and engagements in film and television projects. UMG's Music Publishing division concentrates on discovering and fostering songwriters, while also administering and protecting the copyrights for musical compositions. These compositions are then licensed for use in various contexts, such as recorded tracks, public performances, cinematic productions, advertising campaigns, and similar applications. The Merchandising & Other segment is dedicated to the production and sale of artist-branded and other related products. These items are distributed through diverse retail avenues, including fashion retail, concert tours, and online marketplaces. Furthermore, this division offers services related to brand rights management. The company boasts a substantial catalog, comprising approximately 3 million sound recordings and 4 million owned or administered musical compositions. It represents around 250 artists and brands, and its portfolio includes about 50 record labels covering a broad spectrum of musical genres. Universal Music Group was established in 2020 and is headquartered in Hilversum, the Netherlands.

Website
www.universalmusic.com
Location
Hilversum, NY, NL
Phone31 88 626 1500
Employees10,595
CEOSir Lucian Grainge
Sector
Communication Services
Industry
Entertainment
IPO DateNov 9, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(5)

Expand
  • F-6EFEffective registration statement (depository shares)7 Jul
  • F-6EFEffective registration statement (depository shares)16 Jun 2023
  • F-6EFEffective registration statement (depository shares)29 Nov 2021
  • F-6EFEffective registration statement (depository shares)1 Nov 2021
  • F-6EFEffective registration statement (depository shares)25 Oct 2021

News

  • Conventum - Alluvium Global Fund Q3 2026 Performance Update3 Nov
  • Universal Music Shares Climb After Streaming Revenue Beats Expectations30 Oct
  • Universal Music Group N.V. (UNVGY) Q3 2026 Earnings Call Transcript29 Oct
  • Universal Music Logs Higher Revenue as Subscriptions, Streaming Pick Up29 Oct
  • The London Company International Equity 3Q 2026 Top 3 Contributors And Detractors27 Oct
  • Universal Music Group discussed going private with buyout firms, Bloomberg News reports26 Oct
  • Universal Music Group N.V. Reports Weekly Transactions under and Completion of its €250 Million Share Buyback Program7 Sep

Mentions in Filings

  • On April 7, 2026, PSCM announced that it had submitted a proposal to the board of directors of <strong>Universal Music Group N.V.</strong> (“UMG”) concerning a business combination transaction in which UMG would merge with the Company, with the newly merged company becoming a Nevada corporation listed on the NYSE. The proposal contemplated that the Pershing Square Funds (as the only non-managing members of the Sponsor at the time) would waive their Sponsor Warran …
    Pershing Square SPARC Holdings, Ltd./DEUniversal Music Group N.V./ADR Unsponsored ADR·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … ers and top-tier retail partners, both domestically and internationally. Alliance partners with premier suppliers, including Universal Pictures, Nintendo, Warner Bros. Home Entertainment, Sony Pictures, Lionsgate, <strong>Universal Music Group</strong>, Sony Music Entertainment (including The Orchard), Warner Music Group, Music Video Distribution, Electronic Arts, Funko, Hasbro, Blokees Technology Inc. and Mattel. The Company maintains an in-stock assortment of o …
    ALLIANCE ENTERTAINMENT HOLDING CORPUniversal Music Group N.V./ADR Unsponsored ADR·10-Q - Quarterly report Q1·Q1 27·12 Nov
  • … Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms from 2023 to 2024. Prior to that, he was President at Vevo LLC, a global music video platform jointly owned by <strong>Universal Music Group</strong> and Sony Music Entertainment, where he was responsible for monetization, sales strategy, and global partnerships from 2017 to 2023. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice Preside …
    Trump Media & Technology Group Corp.Universal Music Group N.V./ADR Unsponsored ADR·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·5 Nov
  • … liver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, <strong>Universal Music Group</strong>, and SeatGeek. Learn more about Fastly at www.fastly.com, and follow us @fastly. Forward-looking statements This press release contains “forward-looking” statements that are based on our beliefs and assumptions a …
    Fastly, Inc.Universal Music Group N.V./ADR Unsponsored ADR·EX-99.1 (PR) - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·4 Nov
  • … s, Fastly’s powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, <strong>Universal Music Group</strong>, and SeatGeek. Learn more about Fastly at https://www.fastly.com, and follow us @fastly. Forward-Looking Statements
    Fastly, Inc.Universal Music Group N.V./ADR Unsponsored ADR·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·4 Nov
  • … Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms from 2023 to 2024. Prior to that, he was President at Vevo LLC, a global music video platform jointly owned by <strong>Universal Music Group</strong> and Sony Music Entertainment, where he was responsible for monetization, sales strategy, and global partnerships from 2017 to 2023. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice Preside …
    Trump Media & Technology Group Corp.Universal Music Group N.V./ADR Unsponsored ADR·S-4/A - Registration statement (business combination, amendment)·Q4 26·2 Nov

Key Stats

Trading

Px/Chg 1D$7.98 / +0.76%
Avg Volume730.09K
Beta0.47
Mkt Cap29.27B
FD Mkt Cap31.32B

Float

Shrs Out/Float3.67B / 1.03B
Short Float0.00%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV32.66B
EV/EBITDA0.00
EV/Sales0.00
P/B6.44
P/S0.00
FCF Yield4.92%
ROE32.41%
ROA8.44%
Current Ratio0.63

Dividend

Cash$0.16
Yield2.56%
Yield (TTM)2.56%

Estimates

P/E0.00
Est P/E0.00
Est EPS0.00
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings91.2741.3351.3343.7127.99291.96
Price / Sales4.514.313.884.954.934.45
Price / Book Value14.6118.0417.0718.5812.906.44
Price / Free Cash Flow31.6433.9424.4934.6944.7120.34
ENTERPRISE VALUE METRICS
Enterprise Value46,268.439,396.642,374.857,147.759,759.932,663.1
Enterprise Value / Sales4.784.634.105.145.054.97
Enterprise Value / EBITDA23.3223.9624.7425.7917.2424.87
Enterprise Value / EBIT26.7827.4525.7431.1619.5430.00

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9%8,504.010,340.011,108.011,834.012,013.4
Gross Income4.7%3,896.04,587.04,900.05,088.04,673.0
EBITDA10.4%1,644.01,713.02,216.03,467.02,438.8
EBIT8.8%1,435.01,646.01,834.03,058.02,010.4
Net Income13.5%886.0782.01,259.02,086.01,472.5
EPS (Diluted)12.5%0.250.220.340.560.40
BALANCE SHEET
Cash & ST Inv-38.8%585.0439.0504.0553.082.0
Total Assets9.6%12,094.011,639.013,091.017,320.017,456.0
Total Liabilities6.4%10,064.09,287.010,108.012,769.012,888.0
Total Shareholder Equity22.3%2,030.02,351.02,962.04,526.04,543.0
CASH FLOW
Net Operating Cash Flow9%1,140.01,732.01,885.01,755.01,611.8
Cap Ex2.5%-61.0-93.0-299.0-449.0-67.2
Free Cash Flow9.4%1,079.01,639.01,586.01,306.01,544.5

Enterprise Value Bridge

Millions EUR13 Nov '26
Price (As of 13 Nov '26)9.67
Basic Shares3,667.93
Market Cap35,450.6
Diluted Shares3,662.00
Fully Diluted Shares Outstanding3,662.00
Fully Diluted Market Cap35,393.2
+Consolidated Debt5,553.7
−In-the-Money Convertible Debt—
+Capital Leases854.6
+Operating Leases—
−Cash & Equivalents-484.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest22.0
+Pension Liabilities—
Enterprise Value40,541.5

Related companies

Warner Music Group Corp.

WMG US

TKO Group Holdings, Inc.

TKO US

Madison Square Garden Sports Corp.

MSGS US

DraftKings Inc.

DKNG US

Vail Resorts Inc

MTN US

HYBE Co., Ltd.

352820 KP

Beijing Enlight Media Co., Ltd.

300251 CS

Shanghai Oriental Pearl Group Co., Ltd.

600637 CG

Toei Animation Co.,ltd.

TOEAF US

Banijay Group N.V.

BNJ NA

China Film Co.,Ltd.

600977 CG

China Ruyi Holdings Limited

136 HK

Beta
0.47

Dividends

Last Dividend
$0.16
Last Yield
0.03%

Summary

Universal Music Group N.V. (UMG) functions as a leading global entity in the music industry, with operations spanning three core divisions: Recorded Music, Music Publishing, and Merchandising & Other. The Recorded Music sector is responsible for identifying and nurturing recording artists, subsequently marketing and promoting their musical works across a wide array of formats and distribution channels. This segment also extends its activities to live entertainment events, brand endorsement deals, and engagements in film and television projects. UMG's Music Publishing division concentrates on discovering and fostering songwriters, while also administering and protecting the copyrights for musical compositions. These compositions are then licensed for use in various contexts, such as recorded tracks, public performances, cinematic productions, advertising campaigns, and similar applications. The Merchandising & Other segment is dedicated to the production and sale of artist-branded and other related products. These items are distributed through diverse retail avenues, including fashion retail, concert tours, and online marketplaces. Furthermore, this division offers services related to brand rights management. The company boasts a substantial catalog, comprising approximately 3 million sound recordings and 4 million owned or administered musical compositions. It represents around 250 artists and brands, and its portfolio includes about 50 record labels covering a broad spectrum of musical genres. Universal Music Group was established in 2020 and is headquartered in Hilversum, the Netherlands.

Website
www.universalmusic.com
Location
Hilversum, NY, NL
Phone31 88 626 1500
Employees10,595
CEOSir Lucian Grainge
Sector
Communication Services
Industry
Entertainment
IPO DateNov 9, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(5)

Expand
  • F-6EFEffective registration statement (depository shares)7 Jul
  • F-6EFEffective registration statement (depository shares)16 Jun 2023
  • F-6EFEffective registration statement (depository shares)29 Nov 2021
  • F-6EFEffective registration statement (depository shares)1 Nov 2021
  • F-6EFEffective registration statement (depository shares)25 Oct 2021

News

  • Conventum - Alluvium Global Fund Q3 2026 Performance Update3 Nov
  • Universal Music Shares Climb After Streaming Revenue Beats Expectations30 Oct
  • Universal Music Group N.V. (UNVGY) Q3 2026 Earnings Call Transcript29 Oct
  • Universal Music Logs Higher Revenue as Subscriptions, Streaming Pick Up29 Oct
  • The London Company International Equity 3Q 2026 Top 3 Contributors And Detractors27 Oct
  • Universal Music Group discussed going private with buyout firms, Bloomberg News reports26 Oct
  • Universal Music Group N.V. Reports Weekly Transactions under and Completion of its €250 Million Share Buyback Program7 Sep

Mentions in Filings

  • On April 7, 2026, PSCM announced that it had submitted a proposal to the board of directors of <strong>Universal Music Group N.V.</strong> (“UMG”) concerning a business combination transaction in which UMG would merge with the Company, with the newly merged company becoming a Nevada corporation listed on the NYSE. The proposal contemplated that the Pershing Square Funds (as the only non-managing members of the Sponsor at the time) would waive their Sponsor Warran …
    Pershing Square SPARC Holdings, Ltd./DEUniversal Music Group N.V./ADR Unsponsored ADR·10-Q - Quarterly report Q3·Q3 26·12 Nov
  • … ers and top-tier retail partners, both domestically and internationally. Alliance partners with premier suppliers, including Universal Pictures, Nintendo, Warner Bros. Home Entertainment, Sony Pictures, Lionsgate, <strong>Universal Music Group</strong>, Sony Music Entertainment (including The Orchard), Warner Music Group, Music Video Distribution, Electronic Arts, Funko, Hasbro, Blokees Technology Inc. and Mattel. The Company maintains an in-stock assortment of o …
    ALLIANCE ENTERTAINMENT HOLDING CORPUniversal Music Group N.V./ADR Unsponsored ADR·10-Q - Quarterly report Q1·Q1 27·12 Nov
  • … Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms from 2023 to 2024. Prior to that, he was President at Vevo LLC, a global music video platform jointly owned by <strong>Universal Music Group</strong> and Sony Music Entertainment, where he was responsible for monetization, sales strategy, and global partnerships from 2017 to 2023. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice Preside …
    Trump Media & Technology Group Corp.Universal Music Group N.V./ADR Unsponsored ADR·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·5 Nov
  • … liver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, <strong>Universal Music Group</strong>, and SeatGeek. Learn more about Fastly at www.fastly.com, and follow us @fastly. Forward-looking statements This press release contains “forward-looking” statements that are based on our beliefs and assumptions a …
    Fastly, Inc.Universal Music Group N.V./ADR Unsponsored ADR·EX-99.1 (PR) - 8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·4 Nov
  • … s, Fastly’s powerful, high-performance, and modern platform architecture empowers developers to deliver secure websites and apps with rapid time-to-market and demonstrated, industry-leading cost savings. Organizations around the world trust Fastly to help them upgrade the internet experience, including Reddit, <strong>Universal Music Group</strong>, and SeatGeek. Learn more about Fastly at https://www.fastly.com, and follow us @fastly. Forward-Looking Statements
    Fastly, Inc.Universal Music Group N.V./ADR Unsponsored ADR·EX-99.1 - 8-K - Results of Operations and Financial Condition·Q4 26·4 Nov
  • … Solutions at T-Mobile, where he led initiatives across digital and programmatic advertising platforms from 2023 to 2024. Prior to that, he was President at Vevo LLC, a global music video platform jointly owned by <strong>Universal Music Group</strong> and Sony Music Entertainment, where he was responsible for monetization, sales strategy, and global partnerships from 2017 to 2023. Earlier in his career, from 2007 to 2013, Mr. McGurn served as Senior Vice Preside …
    Trump Media & Technology Group Corp.Universal Music Group N.V./ADR Unsponsored ADR·S-4/A - Registration statement (business combination, amendment)·Q4 26·2 Nov

Key Stats

Trading

Px/Chg 1D$7.98 / +0.76%
Avg Volume730.09K
Beta0.47
Mkt Cap29.27B
FD Mkt Cap31.32B

Float

Shrs Out/Float3.67B / 1.03B
Short Float0.00%
Days to Cover1.00
Stock Repurchased$0.00

Current Valuation

EV32.66B
EV/EBITDA0.00
EV/Sales0.00
P/B6.44
P/S0.00
FCF Yield4.92%
ROE32.41%
ROA8.44%
Current Ratio0.63

Dividend

Cash$0.16
Yield2.56%
Yield (TTM)2.56%

Estimates

P/E0.00
Est P/E0.00
Est EPS0.00
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings91.2741.3351.3343.7127.99291.96
Price / Sales4.514.313.884.954.934.45
Price / Book Value14.6118.0417.0718.5812.906.44
Price / Free Cash Flow31.6433.9424.4934.6944.7120.34
ENTERPRISE VALUE METRICS
Enterprise Value46,268.439,396.642,374.857,147.759,759.932,663.1
Enterprise Value / Sales4.784.634.105.145.054.97
Enterprise Value / EBITDA23.3223.9624.7425.7917.2424.87
Enterprise Value / EBIT26.7827.4525.7431.1619.5430.00

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9%8,504.010,340.011,108.011,834.012,013.4
Gross Income4.7%3,896.04,587.04,900.05,088.04,673.0
EBITDA10.4%1,644.01,713.02,216.03,467.02,438.8
EBIT8.8%1,435.01,646.01,834.03,058.02,010.4
Net Income13.5%886.0782.01,259.02,086.01,472.5
EPS (Diluted)12.5%0.250.220.340.560.40
BALANCE SHEET
Cash & ST Inv-38.8%585.0439.0504.0553.082.0
Total Assets9.6%12,094.011,639.013,091.017,320.017,456.0
Total Liabilities6.4%10,064.09,287.010,108.012,769.012,888.0
Total Shareholder Equity22.3%2,030.02,351.02,962.04,526.04,543.0
CASH FLOW
Net Operating Cash Flow9%1,140.01,732.01,885.01,755.01,611.8
Cap Ex2.5%-61.0-93.0-299.0-449.0-67.2
Free Cash Flow9.4%1,079.01,639.01,586.01,306.01,544.5

Enterprise Value Bridge

Millions EUR13 Nov '26
Price (As of 13 Nov '26)9.67
Basic Shares3,667.93
Market Cap35,450.6
Diluted Shares3,662.00
Fully Diluted Shares Outstanding3,662.00
Fully Diluted Market Cap35,393.2
+Consolidated Debt5,553.7
−In-the-Money Convertible Debt—
+Capital Leases854.6
+Operating Leases—
−Cash & Equivalents-484.8
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest22.0
+Pension Liabilities—
Enterprise Value40,541.5

Related companies

Warner Music Group Corp.

WMG US

TKO Group Holdings, Inc.

TKO US

Madison Square Garden Sports Corp.

MSGS US

DraftKings Inc.

DKNG US

Vail Resorts Inc

MTN US

HYBE Co., Ltd.

352820 KP

Beijing Enlight Media Co., Ltd.

300251 CS

Shanghai Oriental Pearl Group Co., Ltd.

600637 CG

Toei Animation Co.,ltd.

TOEAF US

Banijay Group N.V.

BNJ NA

China Film Co.,Ltd.

600977 CG

China Ruyi Holdings Limited

136 HK