Professional
Added to YB: 2026-04-30
Pitch date: 2026-04-28
UMG.AS [bullish]
Universal Music Group N.V.
+0.31%
current return
Author Info
Alex is an MBA from Columbia Business School, Value Investing Program that invests in global stocks. Sign up for the newsletter.
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 19.32
Price Target
N/A
Dividend
2.63%
EV/EBITDA
17.00
P/E
23.83
EV/Sales
3.14
Sector
Entertainment
Category
value
Rome Capital New Position: Universal Music Group N.V.
UMG.AS (new position): Largest global music co w/ oligopoly position, streaming growth runway, premium IP moat. Trading 15x fwd P/E vs 20x+ historical due to Euronext listing, Bolloré overhang, AI concerns (overblown). Pershing Square recap for US listing + optimized capital allocation targets 30x P/E, 45% IRR to 2030. 2026 growth accelerating on renewed DSP pricing (Spotify/YouTube/Amazon/Apple). Expect multiple expansion 12-18mo.
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