Professional
Added to YB: 2026-03-30
Pitch date: 2026-02-11
UMG.AS [neutral]
Universal Music Group N.V.
-22.88%
current return
Author Info
No bio for this author
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 28.5B
Pitch Price
EUR 20.17
Price Target
N/A
Dividend
3.34%
EV/EBITDA
13.64
P/E
18.74
EV/Sales
2.52
Sector
Entertainment
Category
value
Pershing Square Portfolio Holding: Universal Music Group N.V.
UMG.AS (holding update): High-quality, capital-light royalty on music consumption. Growth accelerating via 'Streaming 2.0' deals w/ price increases, new DSP partners, product tiers. AI tailwind for monetization & efficiency. Trades at record low 18x P/E (17x ex-Spotify stake) due to Bolloré sale overhang & US listing delay. Substantial discount to intrinsic value given market position & long runway.
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