WMG - Warner Music Group Corp Stock Price, Fair Value and News

35.68USD+0.59 (+1.68%)Market Closed

Market Summary

USD35.68+0.59

Market Closed

1.68%

WMG Stock Price

View Fullscreen

WMG RSI Chart

WMG Valuation

Market Cap

17.8B

Price/Earnings (Trailing)

38.2

Price/Sales (Trailing)

2.83

EV/EBITDA

17.94

Price/Free Cashflow

25.45

WMG Price/Sales (Trailing)

WMG Profitability

Operating Margin

67.02%

EBT Margin

11.15%

Return on Equity

100.86%

Return on Assets

5.19%

Free Cashflow Yield

3.93%

WMG Fundamentals

WMG Revenue

Revenue (TTM)

6.3B

Rev. Growth (Yr)

17.47%

Rev. Growth (Qtr)

10.21%

WMG Earnings

Earnings (TTM)

467.0M

Earnings Growth (Yr)

30.33%

Earnings Growth (Qtr)

4.61%

Breaking Down WMG Revenue

Last 7 days

6.7%

Last 30 days

1.7%

Last 90 days

1.1%

Trailing 12 Months

38.5%

How does WMG drawdown profile look like?

WMG Financial Health

Current Ratio

0.7

Debt/Equity

8.65

Debt/Cashflow

0.19

WMG Investor Care

Dividend Yield

1.85%

Dividend/Share (TTM)

0.66

Diluted EPS (TTM)

0.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	5.8B	5.9B	6.0B	6.3B
2022	5.7B	5.8B	5.9B	5.8B
2021	4.7B	5.1B	5.3B	5.6B
2020	4.5B	4.5B	4.5B	4.5B
2019	4.3B	4.4B	4.5B	4.5B
2018	3.8B	3.9B	4.0B	4.2B
2017	3.4B	3.5B	3.6B	3.7B
2016	3.1B	3.2B	3.2B	3.3B
2015	3.1B	3.0B	3.0B	3.0B
2014	2.9B	3.0B	3.0B	3.0B
2013	2.8B	2.8B	2.9B	2.9B
2012	2.7B	2.6B	2.8B	2.8B
2011	0	2.9B	2.9B	2.7B
2010	0	0	3.0B	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Warner Music Group Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 05, 2024	dubuc nancy	acquired	175,001	35.62	4,913	-
Mar 05, 2024	kurzman cecelia	acquired	175,001	35.62	4,913	-
Mar 05, 2024	lynton michael	acquired	255,004	35.62	7,159	-
Mar 05, 2024	hertz noreena	acquired	175,001	35.62	4,913	-
Mar 05, 2024	hertz noreena	sold (taxes)	-59,271	35.62	-1,664	-
Mar 05, 2024	kreiz ynon	acquired	175,001	35.62	4,913	-
Mar 05, 2024	dopfner mathias	sold (taxes)	-59,271	35.62	-1,664	-
Mar 05, 2024	dopfner mathias	acquired	175,001	35.62	4,913	-
Feb 28, 2024	wagner donald	sold	-	-	-251,817	-
Feb 28, 2024	wagner donald	acquired	-	-	251,817	-

Which funds bought or sold WMG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	COMGEST GLOBAL INVESTORS S.A.S.	added	6.59	-310,198	18,344,600	0.26%
May 07, 2024	SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC	new	-	257,556	257,556	0.01%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	58.9	1,528,290	4,807,910	-%
May 07, 2024	Cornerstone Planning Group LLC	sold off	-100	-107	-	-%
May 07, 2024	SEI INVESTMENTS CO	reduced	-26.95	-6,785,220	14,027,500	0.02%
May 07, 2024	Headlands Technologies LLC	new	-	81,691	81,691	0.02%
May 07, 2024	Susquehanna Portfolio Strategies, LLC	unchanged	-	-579,586	6,909,010	0.16%
May 07, 2024	OPPENHEIMER ASSET MANAGEMENT INC.	reduced	-0.84	-24,624	264,523	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-2,318	-	-%
May 06, 2024	ORG Partners LLC	new	-	694	694	-%

Are Funds Buying or Selling WMG?

Are funds buying WMG calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own WMG

No. of Funds

Unveiling Warner Music Group Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	access industries holdings llc	72.7%	374,352,210	SC 13G/A
Feb 13, 2024	vanguard group inc	8.44%	11,669,662	SC 13G/A
Feb 09, 2024	capital world investors	7.0%	9,619,250	SC 13G
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jul 10, 2023	sands capital management, llc	0.0%	0	SC 13G/A
Feb 14, 2023	caledonia (private) investments pty ltd	4.56%	6,258,678	SC 13G/A
Feb 14, 2023	melvin capital management lp	0%	0	SC 13G/A
Feb 14, 2023	sands capital management, llc	7.8%	10,674,369	SC 13G/A
Feb 09, 2023	vanguard group inc	7.60%	10,421,289	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A

Recent SEC filings of Warner Music Group Corp

View All Filings

Date Filed	Form Type	Document
Mar 08, 2024	8-K	Current Report
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 07, 2024	4	Insider Trading
Mar 01, 2024	4	Insider Trading
Feb 20, 2024	4	Insider Trading
Feb 14, 2024	SC 13G/A	Major Ownership Report

Warner Music Group Corp News

Latest updates

Warner Music Group Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	10.2%	1,748	1,586	1,564	1,399	1,488	1,497	1,432	1,376	1,614	1,376	1,340	1,250	1,335	1,126	1,010	1,071	1,256	1,124	1,058	1,090	1,203
Costs and Expenses	2.7%	1,411	1,374	1,375	1,275	1,264	1,334	1,286	1,210	1,375	1,276	1,178	1,099	1,139	1,038	1,443	1,120	1,091	1,095	1,000	968	1,056
S&GA Expenses	0.6%	476	473	461	452	440	470	451	444	497	465	437	418	401	383	869	538	379	408	372	354	376
EBITDA Margin	9.5%	0.11*	0.10*	0.18*	0.18*	0.19*	0.21*	0.18*	0.18*	0.19*	0.17*	0.16*	0.05*	0.00*	-0.01*	-0.02*	0.08*	0.13*	0.12*	0.11*	0.21*	0.19*
Income Taxes	24.1%	72.00	58.00	43.00	21.00	48.00	37.00	39.00	34.00	75.00	22.00	41.00	51.00	35.00	-21.00	51.00	-12.00	5.00	-77.00	-12.00	48.00	50.00
Earnings Before Taxes	25.0%	265	212	167	58.00	172	187	164	126	263	52.00	102	168	134	-20.00	-468	-86.00	127	14.00	2.00	115	136
EBT Margin	10.5%	0.11*	0.10*	0.10*	0.10*	0.11*	0.13*	0.10*	0.10*	0.10*	0.09*	0.08*	-0.04*	-0.10*	-0.10*	-0.09*	0.01*	0.06*	0.06*	0.05*	0.14*	0.13*
Net Income	4.6%	159	152	122	34.00	122	148	124	92.00	187	28.00	61.00	117	98.00	-1.00	-520	-74.00	120	90.00	13.00	67.00	86.00
Net Income Margin	4.1%	0.07*	0.07*	0.07*	0.07*	0.08*	0.09*	0.07*	0.06*	0.07*	0.06*	0.05*	-0.06*	-0.11*	-0.11*	-0.09*	0.03*	0.06*	0.06*	0.03*	0.11*	0.09*
Free Cashflow	-	264	-	113	-41.00	188	371	128	16.00	95.00	208	71.00	130	151	156	103	73.00	63.00	129	127	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.2%	8,991	8,545	8,150	8,010	8,129	7,828	7,699	7,781	8,015	7,211	7,040	6,830	6,943	6,410	6,148	6,124	6,314	6,017	5,955	5,902	5,946
Current Assets	8.9%	2,616	2,402	2,317	2,212	2,340	2,139	1,901	1,912	2,021	1,896	1,734	1,756	1,828	1,678	1,582	1,583	1,656	1,691	1,580	1,524	1,592
Cash Equivalents	17.6%	754	641	600	601	720	584	345	385	450	499	442	588	566	553	532	484	462	619	541	470	548
Inventory	-15.9%	106	126	116	114	102	108	93.00	94.00	84.00	99.00	79.00	79.00	71.00	79.00	59.00	65.00	65.00	74.00	67.00	65.00	66.00
Net PPE	1.7%	466	458	454	440	430	415	403	386	378	364	347	339	334	331	310	294	295	300	296	295	268
Goodwill	1.1%	2,015	1,993	1,962	1,960	1,951	1,920	1,932	1,922	138	1,830	1,836	1,842	1,851	1,831	1,770	1,761	1,768	1,761	1,772	1,787	1,793
Liabilities	3.2%	8,375	8,115	7,851	7,744	7,847	7,660	7,527	7,608	7,843	7,165	6,945	6,757	6,910	6,455	6,169	6,409	6,483	6,286	6,088	6,022	6,085
Current Liabilities	5.8%	3,745	3,539	3,290	3,187	3,341	3,368	3,123	3,131	3,357	3,150	2,902	2,784	2,890	2,720	2,525	2,732	2,799	2,819	2,544	2,518	2,593
Long Term Debt	1.0%	4,004	3,964	3,988	3,986	3,946	3,732	3,785	3,829	3,846	3,346	3,367	3,354	3,387	3,104	3,000	2,983	2,988	2,974	3,006	2,990	2,998
LT Debt, Non Current	1.0%	4,004	3,964	3,988	3,986	3,946	3,732	3,785	3,829	3,846	3,346	3,367	3,354	3,387	3,104	3,000	2,983	2,988	2,974	3,006	2,990	2,998
Shareholder's Equity	50.8%	463	307	281	266	282	168	172	173	172	46.00	95.00	73.00	33.00	-	-	-	-	-	-	-	-
Retained Earnings	5.0%	-1,317	-1,387	-1,450	-1,488	-1,439	-1,477	-1,542	-1,587	-1,601	-1,710	-1,660	-1,659	-1,713	-1,749	-1,685	-1,166	-1,088	-1,177	-1,061	-1,043	-1,078
Additional Paid-In Capital	1.2%	2,039	2,015	2,007	2,000	1,984	1,975	1,975	1,971	1,973	1,942	1,934	1,924	1,913	1,907	1,899	1,127	1,128	1,127	1,128	1,128	1,128
Accumulated Depreciation	5.4%	551	523	523	503	489	461	462	452	435	419	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	502	-	502	-	502	-
Minority Interest	24.4%	153	123	18.00	14.00	12.00	16.00	16.00	19.00	19.00	15.00	14.00	16.00	17.00	18.00	17.00	21.00	21.00	20.00	19.00	20.00	23.00
Float	-	-	-	-	4,400	-	-	-	5,500	-	-	-	3,400	-	2,400	-	-	-	-	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-13.3%	293	338	146	-6.00	209	406	163	44.00	129	228	91.00	150	169	176	123	86.00	78.00	151	150	7.00	92.00
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.00	440	167	-7.00	22.00	14.00	2.00	12.00
Cashflow From Investing	53.1%	-92.00	-196	-53.00	-41.00	-10.00	-61.00	-114	-25.00	-624	-72.00	-162	-61.00	-343	-132	-36.00	-19.00	-32.00	-36.00	-47.00	-55.00	-238
Cashflow From Financing	-1.1%	-93.00	-92.00	-90.00	-73.00	-70.00	-92.00	-83.00	-85.00	448	-96.00	-79.00	-64.00	178	-28.00	-43.00	-38.00	-207	-31.00	-32.00	-31.00	182
Dividend Payments	0%	89.00	89.00	84.00	83.00	84.00	83.00	79.00	78.00	78.00	78.00	62.00	63.00	62.00	63.00	37.00	38.00	206	31.00	32.00	31.00	-

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

WMG Income Statement

2023-12-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions

3 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Revenue

$ 1,748

$ 1,488

Costs and expenses:

Cost of revenue

(880)

(761)

Selling, general and administrative expenses

^[1]

(476)

(440)

Amortization expense

(55)

(63)

Total costs and expenses

(1,411)

(1,264)

Net loss (gain) on divestitures

Operating income

354

265

Interest expense, net

(39)

(32)

Other expense

(50)

(61)

Income before income taxes

265

172

Income tax expense

(72)

(48)

Net income

193

124

Less: Income attributable to noncontrolling interest

(34)

(2)

Net income attributable to Warner Music Group Corp.

159

122

Class A Common Stock

Costs and expenses:

Net income attributable to Warner Music Group Corp.

$ 44

$ 34

Net income per share attributable to common stockholders:

Basic (in dollars per share)

$ 0.30

$ 0.23

Diluted (in dollars per share)

$ 0.30

$ 0.23

Weighted average common shares:

Basic (in shares)

138,972,000

137,424,000

Diluted (in shares)

138,972,000

137,424,000

Class B Common Stock

Costs and expenses:

Net income attributable to Warner Music Group Corp.

$ 115

$ 88

Net income per share attributable to common stockholders:

Basic (in dollars per share)

$ 0.30

$ 0.23

Diluted (in dollars per share)

$ 0.30

$ 0.23

Weighted average common shares:

Basic (in shares)

377,490,000

377,650,000

Diluted (in shares)

377,490,000

377,650,000

[1]	Includes depreciation expense of $(26) and $(21) for the three months ended December 31, 2023 and 2022, respectively.

WMG Balance Sheet

2023-12-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2023	Sep. 30, 2023
Current assets:
Cash and equivalents	$ 754	$ 641
Accounts receivable, net of allowances of $19 million and $19 million	1,195	1,120
Inventories	106	126
Royalty advances expected to be recouped within one year	453	413
Prepaid and other current assets	108	102
Total current assets	2,616	2,402
Royalty advances expected to be recouped after one year	755	688
Property, plant and equipment, net of accumulated depreciation of $551 million and $523 million	466	458
Operating lease right-of-use assets, net	242	245
Goodwill	2,015	1,993
Intangible assets subject to amortization, net	2,390	2,353
Intangible assets not subject to amortization	151	149
Deferred tax assets, net	31	32
Other assets	325	225
Total assets	8,991	8,545
Current liabilities:
Accounts payable	246	300
Accrued royalties	2,460	2,219
Accrued liabilities	538	533
Accrued interest	29	18
Operating lease liabilities, current	43	41
Deferred revenue	305	371
Other current liabilities	124	57
Total current liabilities	3,745	3,539
Long-term debt	4,004	3,964
Operating lease liabilities, noncurrent	249	255
Deferred tax liabilities, net	223	216
Other noncurrent liabilities	154	141
Total liabilities	8,375	8,115
Equity:
Additional paid-in capital	2,039	2,015
Accumulated deficit	(1,317)	(1,387)
Accumulated other comprehensive loss, net	(260)	(322)
Total Warner Music Group Corp. equity	463	307
Noncontrolling interest	153	123
Total equity	616	430
Total liabilities and equity	8,991	8,545
Class A Common Stock
Equity:
Common stock	0	0
Class B Common Stock
Equity:
Common stock	$ 1	$ 1

About Warner Music Group Corp

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 100,000 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.

CEO	Mr. Guy Moot
WEBSITE	wmg.com
INDUSTRY	Entertainment
EMPLOYEES	6200

Warner Music Group Corp Frequently Asked Questions

What is the ticker symbol for Warner Music Group Corp? What does WMG stand for in stocks?

WMG is the stock ticker symbol of Warner Music Group Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Warner Music Group Corp (WMG)?

As of Wed May 08 2024, market cap of Warner Music Group Corp is 17.84 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of WMG stock?

You can check WMG's fair value in chart for subscribers.

What is the fair value of WMG stock?

You can check WMG's fair value in chart for subscribers. The fair value of Warner Music Group Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Warner Music Group Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for WMG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Warner Music Group Corp a good stock to buy?

The fair value guage provides a quick view whether WMG is over valued or under valued. Whether Warner Music Group Corp is cheap or expensive depends on the assumptions which impact Warner Music Group Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for WMG.

What is Warner Music Group Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, WMG's PE ratio (Price to Earnings) is 38.2 and Price to Sales (PS) ratio is 2.83. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. WMG PE ratio will change depending on the future growth rate expectations of investors.