Warner Music Group Corp. (WMG): Price and Financial Metrics
WMG Price/Volume Stats
| Current price | $30.69 | 52-week high | $38.76 |
| Prev. close | $30.08 | 52-week low | $21.57 |
| Day low | $30.07 | Volume | 1,745,700 |
| Day high | $31.00 | Avg. volume | 1,621,529 |
| 50-day MA | $31.95 | Dividend yield | 2.14% |
| 200-day MA | $31.20 | Market Cap | 15.84B |
WMG Stock Price Chart Interactive Chart >
WMG POWR Grades
- WMG scores best on the Sentiment dimension, with a Sentiment rank ahead of 94.64% of US stocks.
- The strongest trend for WMG is in Growth, which has been heading up over the past 179 days.
- WMG ranks lowest in Momentum; there it ranks in the 11th percentile.
WMG Stock Summary
- WARNER MUSIC GROUP CORP's market capitalization of $16,738,827,842 is ahead of 88.77% of US-listed equities.
- The capital turnover (annual revenue relative to shareholder's equity) for WMG is 21.17 -- better than 98.45% of US stocks.
- WMG's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 98.62% of US stocks.
- Stocks that are quantitatively similar to WMG, based on their financial statements, market capitalization, and price volatility, are KWR, SAIA, CIGI, DG, and CFBK.
- Visit WMG's SEC page to see the company's official filings. To visit the company's web site, go to www.wmg.com.
WMG Valuation Summary
- WMG's EV/EBIT ratio is 28.7; this is 91.97% higher than that of the median Communication Services stock.
- WMG's price/sales ratio has moved down 0.6 over the prior 40 months.
Below are key valuation metrics over time for WMG.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| WMG | 2023-09-18 | 2.8 | 59.6 | 39.3 | 28.7 |
| WMG | 2023-09-15 | 2.8 | 59.3 | 39.1 | 28.6 |
| WMG | 2023-09-14 | 2.8 | 59.9 | 39.5 | 28.9 |
| WMG | 2023-09-13 | 2.8 | 59.4 | 39.2 | 28.7 |
| WMG | 2023-09-12 | 2.8 | 60.1 | 39.6 | 28.9 |
| WMG | 2023-09-11 | 2.8 | 60.0 | 39.6 | 28.9 |
WMG's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- WMG has a Quality Grade of C, ranking ahead of 33.19% of graded US stocks.
- WMG's asset turnover comes in at 0.742 -- ranking 6th of 44 Entertainment stocks.
- NFLX, EVRI, and DIS are the stocks whose asset turnover ratios are most correlated with WMG.
The table below shows WMG's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-06-30 | 0.742 | 0.486 | 0.158 |
| 2021-03-31 | 0.717 | 0.483 | -0.021 |
| 2020-12-31 | 0.709 | 0.482 | -0.109 |
| 2020-09-30 | 0.714 | 0.477 | -0.115 |
| 2020-06-30 | 0.725 | 0.470 | -0.111 |
| 2020-03-31 | 0.739 | 0.464 | 0.079 |
WMG Price Target
For more insight on analysts targets of WMG, see our WMG price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $41.93 | Average Broker Recommendation | 1.66 (Moderate Buy) |
Warner Music Group Corp. (WMG) Company Bio
Warner Music Group Corp. (d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now Warner Bros. Discovery), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world. (Source:Wikipedia)
Latest WMG News From Around the Web
Below are the latest news stories about WARNER MUSIC GROUP CORP that investors may wish to consider to help them evaluate WMG as an investment opportunity.
'Let's Get It On' songwriter's estate drops Ed Sheeran copyright verdict appealThe heirs of a musician who co-wrote Marvin Gaye's "Let's Get It On" have agreed to drop their appeal of a U.S. jury verdict clearing British pop star Ed Sheeran of allegations his song "Thinking Out Loud" illegally copied Gaye's classic. A court filing on Wednesday said that songwriter Ed Townsend's estate would withdraw the appeal with prejudice, which means it cannot be refiled. Representatives for Sheeran, his label Warner Music Group , his music publisher Sony Music and Townsend's estate did not immediately respond to requests for comment and more information on Thursday. |
Unveiling Warner Music Group (WMG)'s Value: Is It Really Priced Right? A Comprehensive GuideIs Warner Music Group (WMG) Modestly Undervalued? An In-depth Exploration of its Financial Metrics and Market Position |
BRYAN CASTELLANI APPOINTED CHIEF FINANCIAL OFFICER FOR WARNER MUSIC GROUPWarner Music Group Corp. (Nasdaq: WMG) today announced that Bryan Castellani is joining the company as Executive Vice President and Chief Financial Officer, effective October 16. A seasoned media and financial executive, Castellani has spent more than two decades at The Walt Disney Company, most recently serving as CFO for Disney Entertainment & ESPN. Based in New York, Castellani will report to WMG's CEO, Robert Kyncl. He succeeds WMG's long-time CFO Eric Levin, who is staying on to ensure a sm |
'Funflation' is here to stay as live events fuel economy: Bank of America"Funflation" is in full force as live events boom amid a turbulent time in the entertainment industry. |
Returns On Capital Are Showing Encouraging Signs At Warner Music Group (NASDAQ:WMG)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for... |
WMG Price Returns
| 1-mo | -5.97% |
| 3-mo | 18.34% |
| 6-mo | -2.56% |
| 1-year | 25.31% |
| 3-year | 16.06% |
| 5-year | N/A |
| YTD | -10.92% |
| 2022 | -17.21% |
| 2021 | 15.31% |
| 2020 | N/A |
| 2019 | N/A |
| 2018 | N/A |
WMG Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
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