From the Editor: Notable and Noteworthy
One of the world's largest music recording and publishing companies, Warner Music Group was purchased from Time Warner in March 2004 by an investor group led by Thomas H. Lee Partners, Edgar Bronfman, Jr.'s Music Capital Partners, Bain Capital and Providence Equity Partners. Founded by Jack Warner as a soundtrack factory, Warner Music Group's current stable of record companies includes The Atlantic Group, Elektra Entertainment Group, and Warner Bros. Records. Its roster of artists, numbering around 1,000, ranges from Cher to Metallica. Warner Music Group IPO date: 2005.05.11
Warner Music Group Company Stats
As of June 2024
- Industry
- Business Services & Supplies
- Headquarters
- New York
- Country/Territory
- United States
- Chief Executive Officer
- Robert Kyncl
- Employees
- 5,900
Forbes Lists
#1713
Global 2000 (2024)
#1837 - SALES
#1652 - PROFITS
#1064 - MARKET VALUE
Warner Music Group Financial Summary
Select list year
2024
Revenue
$6.4B
Assets
$8.7B
Profits
$522M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Warner Music Group (WMG) Stock Price Performance
Warner Music Group (WMG) Stock Key Data
SummaryAdditional DataAnalystsHistorical Quotes
Key Data
Previous Close
31.68
Open
31.52
Days Range
31.41 x 31.94
Volume
2,048,221
52 Week Range
25.28 x 38.05
Market Cap
$16.3B
P/E Ratio (ttm)
31.14
Forward P/E
22.30
Diluted EPS (ttm)
1.01
Dividends Per Share
0.67
Dividend Yield
2.15%
Ex-Dividend Date
May 22, 2024
Valuation Measures
P/E Ratio (ttm)
31.14
Forward P/E
22.30
Price to Sales (ttm)
2.54
Price to Book Value (ttm)
37.64
Price to Tangible Book Value (ttm)
N/A
Total Enterprise Value to EBIT (ttm)
20.60
Total Enterprise Value to EBITDA (ttm)
14.69
Total Enterprise Value to Total Revenue (ttm)
3.15
Profitability Metrics
Gross Margin (ttm)
47.34%
Operating Margin (ttm)
15.28%
Net Margin (ttm)
8.28%
Return on Assets (ttm)
7.29%
Return on Equity (ttm)
133.25%
Revenue and Earnings Metrics
Revenue (ttm)
$6.39B
Revenue Per Share (ttm)
12.37
Revenue Growth (y/o/y)
9.90%
EBITDA (ttm)
$1.31B
EBITDA Growth (y/o/y)
26.31%
Diluted EPS (ttm)
1.01
Diluted EPS Growth (y/o/y)
23.07
Cash and Debt Metrics
Total Cash
$587M
Total Cash Per Share
1.13
Total Debt
$4.27B
Total Debt/Equity
729.23%
Current Ratio
0.69
All values as of most recently reported quarter unless otherwise noted.
Consensus Recommendation
Outperform
Consensus Price
38.13
Range of Price Targets
21.00 to 45.00
Range of EPS
1.35 to 1.49
Consensus EPS
1.41
Consensus Revenue
$6.6B
Range of Revenue
$6.44B to $6.72B
- Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
- EPS and Revenue estimates are for the next 12 months.
| DATE | OPEN | HIGH | LOW | CLOSE | ADJUSTED CLOSE | VOLUME |
| Jun 14, 2024 | 31.52 | 31.94 | 31.41 | 31.47 | 31.47 | 2,048,221 |
| Jun 13, 2024 | 30.60 | 31.73 | 30.50 | 31.68 | 31.68 | 2,846,122 |
| Jun 12, 2024 | 30.62 | 31.01 | 30.50 | 30.62 | 30.62 | 2,005,253 |
| Jun 11, 2024 | 30.30 | 30.89 | 30.28 | 30.50 | 30.50 | 3,788,258 |
| Jun 10, 2024 | 31.31 | 31.86 | 30.50 | 30.69 | 30.69 | 6,513,973 |
| Jun 7, 2024 | 29.91 | 30.38 | 29.44 | 29.51 | 29.51 | 2,010,138 |
| Jun 6, 2024 | 30.24 | 30.69 | 29.90 | 30.00 | 30.00 | 2,227,748 |
| Jun 5, 2024 | 30.60 | 30.99 | 30.09 | 30.29 | 30.29 | 1,252,828 |
| Jun 4, 2024 | 30.90 | 30.90 | 29.68 | 30.45 | 30.45 | 2,817,669 |
| Jun 3, 2024 | 30.20 | 31.63 | 30.05 | 31.12 | 31.12 | 2,386,567 |
| May 31, 2024 | 29.51 | 29.88 | 29.21 | 29.78 | 29.78 | 1,216,778 |
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