Warner Net Income Per Share vs Free Cash Flow Per Share Analysis

WMG Stock

USD 31.18 2.49 7.40%

Warner Music financial indicator trend analysis is more than just analyzing Warner Music Group current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Warner Music Group is a good investment. Please check the relationship between Warner Music Net Income Per Share and its Free Cash Flow Per Share accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Music Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Warner Music Group Net Income Per Share account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Warner Music's Net Income Per Share and Free Cash Flow Per Share is 0.11. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Warner Music Group, assuming nothing else is changed. The correlation between historical values of Warner Music's Net Income Per Share and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Warner Music Group are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Net Income Per Share i.e., Warner Music's Net Income Per Share and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

0.11

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Net Income Per Share

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.

Most indicators from Warner Music's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Warner Music Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Music Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

At this time, Warner Music's Enterprise Value Over EBITDA is most likely to decrease significantly in the upcoming years. The Warner Music's current Enterprise Value Multiple is estimated to increase to 4.66, while Selling General Administrative is projected to decrease to roughly 709.7 M.

	2021	2022	2023	2024 (projected)
Gross Profit	2.8B	2.9B	6.4B	6.7B
Total Revenue	5.9B	6.0B	6.4B	4.0B

Gross Profit Total Revenue

Warner Music fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Current Assets	Other Assets	Other Stockholder Equity	Total Liab	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Short Term Debt	Intangible Assets	Good Will
Total Assets		0.08	0.47	0.46	0.46	0.64	0.75	0.18	0.67	0.71	0.19	0.76	0.9	0.76	0.34	-0.49	0.65	0.79	0.44	0.94	0.76	0.88	0.82	-0.56	0.03	0.47
Total Stockholder Equity	0.08		-0.8	-0.54	-0.54	-0.05	-0.53	0.96	0.67	-0.64	-0.61	-0.14	-0.19	-0.26	0.85	0.53	-0.2	-0.4	0.08	-0.1	-0.55	-0.07	0.1	-0.18	0.52	-0.83
Net Debt	0.47	-0.8		0.54	0.54	0.4	0.79	-0.75	-0.22	0.91	0.46	0.58	0.57	0.58	-0.57	-0.63	0.45	0.86	0.12	0.52	0.91	0.47	0.32	-0.33	-0.22	0.96
Cash	0.46	-0.54	0.54		1.0	0.42	0.86	-0.38	0.06	0.75	0.81	0.27	0.74	0.61	-0.23	-0.72	0.49	0.41	0.11	0.65	0.62	0.61	0.4	0.24	-0.73	0.72
Cash And Short Term Investments	0.46	-0.54	0.54	1.0		0.42	0.86	-0.38	0.06	0.75	0.81	0.28	0.74	0.61	-0.23	-0.72	0.49	0.41	0.11	0.65	0.61	0.61	0.4	0.24	-0.73	0.72
Common Stock Shares Outstanding	0.64	-0.05	0.4	0.42	0.42		0.57	-0.07	0.34	0.52	0.27	0.22	0.6	0.24	-0.02	-0.22	0.3	0.58	0.18	0.6	0.51	0.41	0.23	-0.12	0.08	0.4
Total Current Assets	0.75	-0.53	0.79	0.86	0.86	0.57		-0.41	0.18	0.96	0.61	0.63	0.9	0.81	-0.22	-0.78	0.65	0.78	0.28	0.87	0.89	0.8	0.63	-0.18	-0.47	0.86
Other Assets	0.18	0.96	-0.75	-0.38	-0.38	-0.07	-0.41		0.77	-0.52	-0.45	-0.04	-0.02	-0.08	0.95	0.3	-0.03	-0.39	0.11	0.04	-0.44	0.12	0.25	-0.18	0.33	-0.74
Other Stockholder Equity	0.67	0.67	-0.22	0.06	0.06	0.34	0.18	0.77		0.07	-0.22	0.38	0.53	0.43	0.88	-0.22	0.37	0.14	0.17	0.58	0.13	0.64	0.63	-0.46	0.13	-0.22
Total Liab	0.71	-0.64	0.91	0.75	0.75	0.52	0.96	-0.52	0.07		0.6	0.69	0.85	0.78	-0.31	-0.78	0.67	0.87	0.27	0.8	0.97	0.74	0.57	-0.3	-0.37	0.95
Short Long Term Debt Total	0.19	-0.61	0.46	0.81	0.81	0.27	0.61	-0.45	-0.22	0.6		0.0	0.51	0.29	-0.33	-0.59	0.47	0.23	-0.05	0.36	0.49	0.36	0.08	0.47	-0.64	0.66
Other Current Liab	0.76	-0.14	0.58	0.27	0.28	0.22	0.63	-0.04	0.38	0.69	0.0		0.69	0.89	0.11	-0.59	0.57	0.77	0.67	0.73	0.76	0.7	0.87	-0.81	-0.11	0.53
Total Current Liabilities	0.9	-0.19	0.57	0.74	0.74	0.6	0.9	-0.02	0.53	0.85	0.51	0.69		0.84	0.18	-0.77	0.79	0.7	0.36	0.97	0.81	0.93	0.78	-0.31	-0.36	0.65
Property Plant And Equipment Net	0.76	-0.26	0.58	0.61	0.61	0.24	0.81	-0.08	0.43	0.78	0.29	0.89	0.84		0.11	-0.81	0.66	0.67	0.54	0.84	0.77	0.85	0.92	-0.53	-0.47	0.62
Current Deferred Revenue	0.34	0.85	-0.57	-0.23	-0.23	-0.02	-0.22	0.95	0.88	-0.31	-0.33	0.11	0.18	0.11		0.05	0.13	-0.24	0.04	0.21	-0.22	0.35	0.38	-0.3	0.24	-0.56
Retained Earnings	-0.49	0.53	-0.63	-0.72	-0.72	-0.22	-0.78	0.3	-0.22	-0.78	-0.59	-0.59	-0.77	-0.81	0.05		-0.71	-0.46	-0.15	-0.67	-0.72	-0.74	-0.59	0.21	0.71	-0.73
Accounts Payable	0.65	-0.2	0.45	0.49	0.49	0.3	0.65	-0.03	0.37	0.67	0.47	0.57	0.79	0.66	0.13	-0.71		0.53	0.21	0.73	0.65	0.7	0.59	-0.27	-0.26	0.55
Non Current Assets Total	0.79	-0.4	0.86	0.41	0.41	0.58	0.78	-0.39	0.14	0.87	0.23	0.77	0.7	0.67	-0.24	-0.46	0.53		0.38	0.73	0.93	0.62	0.58	-0.58	0.09	0.78
Non Currrent Assets Other	0.44	0.08	0.12	0.11	0.11	0.18	0.28	0.11	0.17	0.27	-0.05	0.67	0.36	0.54	0.04	-0.15	0.21	0.38		0.41	0.29	0.22	0.67	-0.42	-0.14	0.14
Net Receivables	0.94	-0.1	0.52	0.65	0.65	0.6	0.87	0.04	0.58	0.8	0.36	0.73	0.97	0.84	0.21	-0.67	0.73	0.73	0.41		0.77	0.93	0.81	-0.39	-0.25	0.58
Non Current Liabilities Total	0.76	-0.55	0.91	0.62	0.61	0.51	0.89	-0.44	0.13	0.97	0.49	0.76	0.81	0.77	-0.22	-0.72	0.65	0.93	0.29	0.77		0.74	0.6	-0.47	-0.2	0.9
Inventory	0.88	-0.07	0.47	0.61	0.61	0.41	0.8	0.12	0.64	0.74	0.36	0.7	0.93	0.85	0.35	-0.74	0.7	0.62	0.22	0.93	0.74		0.81	-0.41	-0.29	0.52
Other Current Assets	0.82	0.1	0.32	0.4	0.4	0.23	0.63	0.25	0.63	0.57	0.08	0.87	0.78	0.92	0.38	-0.59	0.59	0.58	0.67	0.81	0.6	0.81		-0.6	-0.25	0.33
Short Term Debt	-0.56	-0.18	-0.33	0.24	0.24	-0.12	-0.18	-0.18	-0.46	-0.3	0.47	-0.81	-0.31	-0.53	-0.3	0.21	-0.27	-0.58	-0.42	-0.39	-0.47	-0.41	-0.6		-0.37	-0.16
Intangible Assets	0.03	0.52	-0.22	-0.73	-0.73	0.08	-0.47	0.33	0.13	-0.37	-0.64	-0.11	-0.36	-0.47	0.24	0.71	-0.26	0.09	-0.14	-0.25	-0.2	-0.29	-0.25	-0.37		-0.43
Good Will	0.47	-0.83	0.96	0.72	0.72	0.4	0.86	-0.74	-0.22	0.95	0.66	0.53	0.65	0.62	-0.56	-0.73	0.55	0.78	0.14	0.58	0.9	0.52	0.33	-0.16	-0.43

Click cells to compare fundamentals

Warner Music Account Relationship Matchups

Warner Music fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.4B	7.2B	7.8B	8.5B	9.2B	6.3B
Total Stockholder Equity	(63M)	31M	152M	307M	518M	461.1M
Net Debt	2.9B	3.2B	3.4B	3.6B	3.6B	2.3B
Cash	553M	499M	584M	641M	694M	421.3M
Cash And Short Term Investments	553M	499M	584M	641M	694M	422.1M
Common Stock Shares Outstanding	510.0M	513.5M	514.7M	515.7M	593.1M	452.5M
Liabilities And Stockholders Equity	6.4B	7.2B	7.8B	8.5B	9.2B	6.3B
Total Current Assets	1.7B	1.9B	2.1B	2.4B	2.6B	1.3B
Other Assets	349M	443M	682M	744M	669.6M	1.1B
Other Stockholder Equity	1.9B	1.9B	2.0B	2.0B	2.1B	1.3B
Total Liab	6.5B	7.2B	7.7B	8.1B	8.5B	5.9B
Short Long Term Debt Total	3.4B	3.7B	4.0B	4.3B	4.3B	3.4B
Other Current Liab	2.1B	2.4B	2.6B	2.8B	3.3B	3.5B
Total Current Liabilities	2.7B	3.2B	3.4B	3.5B	3.9B	2.5B
Property Plant And Equipment Net	604M	632M	641M	703M	706M	741.3M
Current Deferred Revenue	297M	348M	423M	371M	246M	284.1M
Retained Earnings	(1.7B)	(1.7B)	(1.5B)	(1.4B)	(1.3B)	(1.2B)
Accounts Payable	264M	302M	268M	300M	289M	256.8M
Non Current Assets Total	4.7B	5.3B	5.7B	6.1B	6.5B	4.8B
Non Currrent Assets Other	153M	194M	212M	225M	1.4B	1.4B
Net Receivables	771M	839M	984M	1.1B	1.3B	669.6M
Non Current Liabilities Total	3.7B	4.0B	4.3B	4.6B	4.6B	3.5B
Inventory	74M	79M	99M	108M	126M	65.9M
Other Current Assets	275M	459M	463M	515M	595M	624.8M
Accumulated Other Comprehensive Income	(222M)	(202M)	(347M)	(322M)	(247M)	(234.7M)
Short Term Debt	78M	86M	80M	41M	45M	42.8M
Intangible Assets	1.8B	2.2B	2.4B	2.5B	2.4B	1.8B
Good Will	1.8B	1.8B	1.9B	2.0B	2.0B	1.7B
Property Plant And Equipment Gross	604M	364M	415M	703M	808.5M	848.9M
Long Term Debt	3.1B	3.3B	3.7B	4.0B	4.6B	3.5B
Long Term Debt Total	2.8B	3.0B	3.3B	3.7B	4.3B	3.4B
Property Plant Equipment	300M	604M	632M	641M	737.2M	418.3M
Other Liab	480M	294M	382M	319M	287.1M	337.3M
Net Tangible Assets	(3.9B)	(3.7B)	(4.0B)	(4.2B)	(3.7B)	(3.9B)
Non Current Liabilities Other	169M	175M	99M	141M	126.9M	175.7M
Net Invested Capital	3.0B	3.4B	3.9B	4.3B	4.9B	3.6B
Net Working Capital	(1.0B)	(1.3B)	(1.2B)	(1.1B)	(1.0B)	(1.1B)

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When determining whether Warner Music Group is a strong investment it is important to analyze Warner Music's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Warner Music's future performance. For an informed investment choice regarding Warner Stock, refer to the following important reports:

How To Invest In Warner

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Is Warner Stock a good investment?

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What is Warner Music's Net Worth?

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Largest Movies & Entertainment Companies

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Largest Media & Entertainment Companies

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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Warner Music Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Movies & Entertainment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Warner Music. If investors know Warner will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Warner Music listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.137

Earnings Share

0.83

Revenue Per Share

12.343

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0742

The market value of Warner Music Group is measured differently than its book value, which is the value of Warner that is recorded on the company's balance sheet. Investors also form their own opinion of Warner Music's value that differs from its market value or its book value, called intrinsic value, which is Warner Music's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Warner Music's market value can be influenced by many factors that don't directly affect Warner Music's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Warner Music's value and its price as these two are different measures arrived at by different means. Investors typically determine if Warner Music is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Warner Music's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Warner Net Income Per Share vs Free Cash Flow Per Share Analysis

Net Income Per Share vs Free Cash Flow Per Share

Net Income Per Share vs Free Cash Flow Per Share Correlation Analysis

Correlation Coefficient

Net Income Per Share

Free Cash Flow Per Share

Warner Music fundamental ratios Correlations

Warner Music Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Warner Music fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Non Current Liabilities Total	+ 0.97	Total Liab
Net Receivables	+ 0.97	Total Current Liabilities
Other Assets	+ 0.96	Total Stockholder Equity
Good Will	+ 0.96	Net Debt
Total Liab	+ 0.96	Total Current Assets

Good Will	- 0.83	Total Stockholder Equity
Retained Earnings	- 0.81	Property Plant And Equipment Net
Short Term Debt	- 0.81	Other Current Liab
Net Debt	- 0.8	Total Stockholder Equity
Retained Earnings	- 0.78	Total Liab
Retained Earnings	- 0.78	Total Current Assets