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WMG

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

32.93USD-0.39 (-1.17%)Delayed as of 28 Mar 2024, 12:53 pm ET

Market Summary

WMG
USD32.93-0.39
Delayedas of 28 Mar 2024, 12:53 pm
-1.17%

WMG Alerts

  • 1 major insider sales recently.

WMG Stock Price

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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

52 Week Range

23.6234.11
(Low)(High)

Last 7 days

-1.1%

Last 30 days

-8.3%

Last 90 days

-7.7%

Trailing 12 Months

10.7%

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

1.98%

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
YearQ1Q2Q3Q4
20235.8B5.9B6.0B6.3B
20225.7B5.8B5.9B5.8B
20214.7B5.1B5.3B5.6B
20204.5B4.5B4.5B4.5B
20194.3B4.4B4.5B4.5B
20183.8B3.9B4.0B4.2B
20173.4B3.5B3.6B3.7B
20163.1B3.2B3.2B3.3B
20153.1B3.0B3.0B3.0B
20142.9B3.0B3.0B3.0B
20132.8B2.8B2.9B2.9B
20122.7B2.6B2.8B2.8B
201102.9B2.9B2.7B
2010003.0B0

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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Which funds bought or sold WMG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
added
627
109,681
124,735
-%
Mar 21, 2024
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
unchanged
-
2,126,080
17,333,100
0.06%
Mar 11, 2024
VANGUARD GROUP INC
added
6.23
72,734,500
417,657,000
0.01%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
added
49.36
19,081,400
46,244,800
-%
Feb 29, 2024
Tortoise Investment Management, LLC
sold off
-100
-4,082
-
-%
Feb 21, 2024
Raleigh Capital Management Inc.
unchanged
-
45.00
363
-%
Feb 20, 2024
Quarry LP
new
-
20,866
20,866
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
0.4
2,311,000
18,323,000
-%
Feb 15, 2024
BARCLAYS PLC
reduced
-83.25
-1,399,000
331,000
-%
Feb 15, 2024
JANE STREET GROUP, LLC
new
-
913,611
913,611
-%

1–10 of 43

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 FiledName of FilerPercent of ClassNo. of SharesForm 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

What is the Fair Value of WMG?

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>

Cheap
or
Expensive?


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

Warner Music Group Corp News

Latest updates
Defense World31 hours ago
GlobeNewswire12 Feb 202408:00 am
Yahoo Finance07 Feb 202408:00 am

Warner Music Group Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue10.2%1,7481,5861,5641,3991,4881,4971,4321,3761,6141,3761,3401,2501,3351,1261,0101,0711,2561,1241,0581,0901,203
Costs and Expenses2.7%1,4111,3741,3751,2751,2641,3341,2861,2101,3751,2761,1781,0991,1391,0381,4431,1201,0911,0951,0009681,056
  S&GA Expenses0.6%476473461452440470451444497465437418401383869538379408372354376
EBITDA Margin9.5%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 Taxes24.1%72.0058.0043.0021.0048.0037.0039.0034.0075.0022.0041.0051.0035.00-21.0051.00-12.005.00-77.00-12.0048.0050.00
Earnings Before Taxes25.0%26521216758.0017218716412626352.00102168134-20.00-468-86.0012714.002.00115136
EBT Margin10.5%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 Income4.6%15915212234.0012214812492.0018728.0061.0011798.00-1.00-520-74.0012090.0013.0067.0086.00
Net Income Margin4.1%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-264-113-41.0018837112816.0095.0020871.0013015115610373.0063.00129127--
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets5.2%8,9918,5458,1508,0108,1297,8287,6997,7818,0157,2117,0406,8306,9436,4106,1486,1246,3146,0175,9555,9025,946
  Current Assets8.9%2,6162,4022,3172,2122,3402,1391,9011,9122,0211,8961,7341,7561,8281,6781,5821,5831,6561,6911,5801,5241,592
    Cash Equivalents17.6%754641600601720584345385450499442588566553532484462619541470548
  Inventory-15.9%10612611611410210893.0094.0084.0099.0079.0079.0071.0079.0059.0065.0065.0074.0067.0065.0066.00
  Net PPE1.7%466458454440430415403386378364347339334331310294295300296295268
  Goodwill1.1%2,0151,9931,9621,9601,9511,9201,9321,9221381,8301,8361,8421,8511,8311,7701,7611,7681,7611,7721,7871,793
Liabilities3.2%8,3758,1157,8517,7447,8477,6607,5277,6087,8437,1656,9456,7576,9106,4556,1696,4096,4836,2866,0886,0226,085
  Current Liabilities5.8%3,7453,5393,2903,1873,3413,3683,1233,1313,3573,1502,9022,7842,8902,7202,5252,7322,7992,8192,5442,5182,593
  Long Term Debt1.0%4,0043,9643,9883,9863,9463,7323,7853,8293,8463,3463,3673,3543,3873,1043,0002,9832,9882,9743,0062,9902,998
    LT Debt, Non Current1.0%4,0043,9643,9883,9863,9463,7323,7853,8293,8463,3463,3673,3543,3873,1043,0002,9832,9882,9743,0062,9902,998
Shareholder's Equity50.8%46330728126628216817217317246.0095.0073.0033.00--------
  Retained Earnings5.0%-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 Capital1.2%2,0392,0152,0072,0001,9841,9751,9751,9711,9731,9421,9341,9241,9131,9071,8991,1271,1281,1271,1281,1281,128
Accumulated Depreciation5.4%551523523503489461462452435419-----------
Shares Outstanding----------------502-502-502-
Minority Interest24.4%15312318.0014.0012.0016.0016.0019.0019.0015.0014.0016.0017.0018.0017.0021.0021.0020.0019.0020.0023.00
Float----4,400---5,500---3,400-2,400-------
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-13.3%293338146-6.0020940616344.0012922891.0015016917612386.0078.001511507.0092.00
  Share Based Compensation--------------8.00440167-7.0022.0014.002.0012.00
Cashflow From Investing53.1%-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%-93.00-92.00-90.00-73.00-70.00-92.00-83.00-85.00448-96.00-79.00-64.00178-28.00-43.00-38.00-207-31.00-32.00-31.00182
  Dividend Payments0%89.0089.0084.0083.0084.0083.0079.0078.0078.0078.0062.0063.0062.0063.0037.0038.0020631.0032.0031.00-

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 divestitures1741
Operating income354265
Interest expense, net(39)(32)
Other expense(50)(61)
Income before income taxes265172
Income tax expense(72)(48)
Net income193124
Less: Income attributable to noncontrolling interest(34)(2)
Net income attributable to Warner Music Group Corp.159122
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)138,972,000137,424,000
Diluted (in shares)138,972,000137,424,000
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)377,490,000377,650,000
Diluted (in shares)377,490,000377,650,000
[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 million1,1951,120
Inventories106126
Royalty advances expected to be recouped within one year453413
Prepaid and other current assets108102
Total current assets2,6162,402
Royalty advances expected to be recouped after one year755688
Property, plant and equipment, net of accumulated depreciation of $551 million and $523 million466458
Operating lease right-of-use assets, net242245
Goodwill2,0151,993
Intangible assets subject to amortization, net2,3902,353
Intangible assets not subject to amortization151149
Deferred tax assets, net3132
Other assets325225
Total assets8,9918,545
Current liabilities:  
Accounts payable246300
Accrued royalties2,4602,219
Accrued liabilities538533
Accrued interest2918
Operating lease liabilities, current4341
Deferred revenue305371
Other current liabilities12457
Total current liabilities3,7453,539
Long-term debt4,0043,964
Operating lease liabilities, noncurrent249255
Deferred tax liabilities, net223216
Other noncurrent liabilities154141
Total liabilities8,3758,115
Equity:  
Additional paid-in capital2,0392,015
Accumulated deficit(1,317)(1,387)
Accumulated other comprehensive loss, net(260)(322)
Total Warner Music Group Corp. equity463307
Noncontrolling interest153123
Total equity616430
Total liabilities and equity8,9918,545
Class A Common Stock  
Equity:  
Common stock00
Class B Common Stock  
Equity:  
Common stock$ 1$ 1
WMG
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
 WEBSITEwww.wmg.com
 EMPLOYEES6200

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 Mar 27 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 Mar 27 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.