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WMG

34.34USD+0.13(+0.38%)Delayed

Warner Music Group Corp.

Market Summary

USD34.34+0.13Delayed
0.38%

WMG Alerts

WMG Stock Price

RSI Chart

Valuation

Market Cap

12.9B

Price/Earnings

32.93

Price/Sales

2.32

Price/Cashflow

21.64

MarketCap/EBT

22.12

Price/Sales

Profitability

EBT Margin

10.43%

Return on Equity

276.28%

Return on Assets

5.6%

Fundamentals

Revenue

Revenue (TTM)

5.9B

Revenue Y/Y

8.79%

Revenue Q/Q

4.54%

Earnings

Earnings (TTM)

551.0M

Earnings Y/Y

428.57%

Earnings Q/Q

19.35%

Price Action

52 Week Range

21.4443.73
(Low)(High)

Last 7 days

5.3%

Last 30 days

35.9%

Last 90 days

28.9%

Trailing 12 Months

-17.8%

Financial Health

Current Ratio

0.61

Debt/Equity

24.26

Debt/Cashflow

0.15

Investor Care

Dividend Yield

2.29%

Dividend/Share (TTM)

0.61

Peers (Alternatives to Warner Music Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
193.2B
82.7B
-2.35% -32.45%
61.47
2.38
22.70% 57.64%
131.6B
31.5B
17.37% -48.03%
26.09
4.18
9.92% -0.14%
18.4B
11.7B
-3.72% -30.47%
-1.8K
1.58
806.12% 99.29%
12.9B
5.9B
35.94% -17.84%
32.93
2.32
11.66% 81.25%
MID-CAP
5.8B
1.3B
3.82% 64.26%
26.64
4.76
24.76% 67.36%
5.5B
4.1B
40.62% -73.02%
-6.7
1.41
169.45% 60.57%
3.7B
-
8.67% -1.66%
72.12
4.49
97.57% 2660.04%
3.0B
1.4B
-10.69% -20.85%
-96.24
2.44
77.48% 96.34%
SMALL-CAP
1.6B
1.8B
6.78% -26.89%
-8.25
0.93
131.06% 36.77%
1.3B
2.5B
31.27% -12.57%
-5.93
0.56
167.67% 75.12%
339.2M
643.3M
15.77% 3.04%
18.64
0.55
7.43% -20.47%
104.7M
175.2M
-1.30% -48.69%
-1.61
0.79
88.80% -73.73%
75.6M
205.8M
-9.14% -23.00%
-2.75
0.41
97.60% -259.54%
49.7M
83.3M
7.72% -68.60%
16.95
0.59
7.65% -104.60%

Financials for Warner Music Group

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue2.1%5,9195,7985,7065,5805,301
  S&GA Expenses0.3%1,8621,8571,8431,8171,721
Earnings Before Taxes22.3%740605543585456
Net Income27.8%551431368393304
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.7%7,8287,6997,7818,0157,211
  Current Assets12.5%2,1391,9011,9122,0211,896
    Cash Equivalents69.3%584345385450499
  Inventory16.1%10893948499
  Net PPE3.0%415403386378364
  Goodwill-0.6%1,9201,9321,9221,9451,830
Liabilities1.8%7,6607,5277,6087,8437,165
  Current Liabilities7.8%3,3683,1233,1313,3573,150
  Long Term Debt-1.4%3,7323,7853,8293,8463,346
    LT Debt, Non Current-1.4%3,7323,7853,8293,8463,346
Shareholder's Equity-2.6%15215615415331
  Retained Earnings4.2%-1,477.00-1,542.00-1,587.00-1,601.00-1,710.00
  Additional Paid-In Capital0%1,9751,9751,9711,9731,942
Accumulated Depreciation-0.2%461462452435419
Minority Interest0%1616191915
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations31.6%742564492598638
  Share Based Compensation-45
Cashflow From Investing1.3%-824.00-835.00-883.00-919.00-638.00
Cashflow From Financing2.2%188184188209-61.00
  Dividend Payments1.6%318313296281265

Risks

What is the probability of a big loss on WMG?

35.1%


Probability that Warner Music Group stock will be more than 20% underwater in next one year

30.5%


Probability that Warner Music Group stock will be more than 30% underwater in next one year.

23.7%


Probability that Warner Music Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WMG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Warner Music Group was unfortunately bought at previous high price.

Returns

Cumulative Returns on WMG

Which funds bought or sold WMG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
SOLD OFF
-100
-23,507
-
-%
2022-11-16
Advisors Capital Management, LLC
REDUCED
-22.53
-411,000
3,972,000
0.11%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-143,000
-
-%
2022-11-16
Retirement Systems of Alabama
UNCHANGED
-
-641,000
12,947,000
0.06%
2022-11-15
STATE STREET CORP
REDUCED
-9.92
-1,551,000
9,386,000
-%
2022-11-15
Neuberger Berman Group LLC
ADDED
0.33
-191,000
4,147,000
-%
2022-11-15
Balyasny Asset Management LLC
SOLD OFF
-100
-259,000
-
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
Baird Financial Group, Inc.
ADDED
10.84
38,000
705,000
-%
2022-11-14
QVIDTVM Management LLC
NEW
-
11,044,000
11,044,000
7.47%

1–10 of 43

Latest Funds Activity

Are funds buying WMG calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own WMG

Warner Music Group News

Marketscreener.com

Warner Music Group's WMX Collaborates with Roku to Launch Three Music Channels.4 hours ago

Zacks Investment Research

WMG Fair Value

Recent SEC filings of Warner Music Group

View All Filings
Date Filed Form Type Document
Nov 30, 2022
4
Insider Trading
Nov 22, 2022
8-K
Current Report
Nov 22, 2022
10-K
Annual Report
Nov 10, 2022
8-K
Current Report
Oct 12, 2022
D
D
Sep 23, 2022
8-K
Current Report

Latest Insider Trading transactions for WMG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-30
Benet Lincoln E
SOLD
-510,450
34.03
-15,000
-
2022-11-28
Benet Lincoln E
SOLD
-646,400
32.32
-20,000
-
2022-03-30
Benet Lincoln E
SOLD
-382,500
38.25
-10,000
-
2022-03-28
Benet Lincoln E
SOLD
-379,700
37.97
-10,000
-
2022-03-04
Benet Lincoln E
SOLD
-332,000
33.2
-10,000
-
2022-03-03
Benet Lincoln E
SOLD
-350,000
35
-10,000
-
2022-03-02
Benet Lincoln E
SOLD
-358,000
35.8
-10,000
-
2022-03-01
Benet Lincoln E
SOLD
-363,000
36.3
-10,000
-
2022-02-28
Kurzman Cecelia
ACQUIRED
175,015
36.22
4,832
-
2022-02-28
Dopfner Mathias
ACQUIRED
175,015
36.22
4,832
-

1–10 of 50

Stephen F. Cooper
5900
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company 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.

WMG Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2020
Revenue$ 5,919$ 5,301$ 4,463
Costs and expenses:   
Cost of revenue(3,080)(2,742)(2,333)
Selling, general and administrative expenses[1](1,862)(1,721)(2,169)
Amortization expense(263)(229)(190)
Total costs and expenses(5,205)(4,692)(4,692)
Operating income (loss)714609(229)
Loss on extinguishment of debt0(22)(34)
Interest expense, net(125)(122)(127)
Other income (expense), net151(9)(57)
Income (loss) before income taxes740456(447)
Income tax expense(185)(149)(23)
Net income (loss)555307(470)
Less: Income attributable to noncontrolling interest(4)(3)(5)
Net income (loss) attributable to Warner Music Group Corp.551304(475)
Common Class A   
Costs and expenses:   
Net income (loss) attributable to Warner Music Group Corp.$ 149$ 68$ (21)
Net income (loss) per share attributable to common stockholders:   
Basic (in dollars per share)$ 1.06$ 0.58$ (0.82)
Diluted (in dollars per share)$ 1.06$ 0.58$ (0.82)
Weighted average common shares:   
Basic (in shares)133,662,142110,560,51726,897,115
Diluted (in shares)133,662,142110,560,51726,897,115
Common Class B   
Costs and expenses:   
Net income (loss) attributable to Warner Music Group Corp.$ 402$ 236$ (454)
Net income (loss) per share attributable to common stockholders:   
Basic (in dollars per share)$ 1.06$ 0.58$ (0.95)
Diluted (in dollars per share)$ 1.06$ 0.58$ (0.95)
Weighted average common shares:   
Basic (in shares)381,046,177402,911,743477,624,846
Diluted (in shares)381,046,177402,911,743477,624,846
[1]Includes depreciation expense of $(76), $(77), and $(71) for the fiscal years ended September 30, 2022, 2021, and 2020 respectively.

WMG Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Sep. 30, 2021
Current assets:  
Cash and equivalents$ 584$ 499
Accounts receivable, net of allowances of $19 million and $20 million984839
Inventories10899
Royalty advances expected to be recouped within one year372373
Prepaid and other current assets9186
Total current assets2,1391,896
Royalty advances expected to be recouped after one year503457
Property, plant and equipment, net415364
Operating lease right-of-use assets, net226268
Goodwill1,9201,830
Intangible assets subject to amortization, net2,2392,017
Intangible assets not subject to amortization145154
Deferred tax assets, net2931
Other assets212194
Total assets7,8287,211
Current liabilities:  
Accounts payable268302
Accrued royalties1,9181,880
Accrued liabilities457461
Accrued interest1714
Operating lease liabilities, current4043
Deferred revenue423348
Other current liabilities245102
Total current liabilities3,3683,150
Long-term debt3,7323,346
Operating lease liabilities, noncurrent241287
Deferred tax liabilities, net220207
Other noncurrent liabilities99175
Total liabilities7,6607,165
Equity:  
Additional paid-in capital1,9751,942
Accumulated deficit(1,477)(1,710)
Accumulated other comprehensive loss, net(347)(202)
Total Warner Music Group Corp. equity15231
Noncontrolling interest1615
Total equity16846
Total liabilities and equity7,8287,211
Common Class A  
Equity:  
Common stock, value, issued00
Common Class B  
Equity:  
Common stock, value, issued$ 1$ 1