Added to YB: 2026-03-27
Pitch date: 2026-03-25
UMG.AS [bullish]
Universal Music Group N.V.
+25.96%
current return
Author Info
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Company Info
Universal Music Group N.V. operates as a music company worldwide. The company operates through Recorded Music, Music Publishing, and Merchandising & Other segments.
Market Cap
EUR 36.3B
Pitch Price
EUR 15.70
Price Target
24.00 (+21%)
Dividend
2.63%
EV/EBITDA
17.00
P/E
23.83
EV/Sales
3.14
Sector
Entertainment
Category
value
Universal Music Group N.V. - $UMG.AS
UMG.AS: Down 45% in 9mo to €15.50 despite >50% rev/EPS growth since IPO. Trades 15x FY26 adj EPS, 11x EV/EBITDA, 5.5% FCF yield. Owns irreplaceable catalog (Beatles, Elton John), 45 of Billboard's 2025 Hot 100 artists signed to UMG. DCF yields €24 PT (55% upside) using EBITDA-maintenance advances. Catalysts: AI licensing deals, Superfan tier rollout, US listing. Risks: streaming saturation, artist equity demands, AI slop dilution, copyright reclamation.
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