Added to YB: 2026-06-08
Pitch date: 2026-06-04
UMG.AS [neutral]
Universal Music Group N.V.
+0.25%
current return
Author Info
Andrew Brown manages Dynasty Trust - a wholesale unit trust investing ONLY in public companies with controlling shareholders. 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 33.3B
Pitch Price
EUR 18.11
Price Target
N/A
Dividend
2.87%
EV/EBITDA
15.69
P/E
21.87
EV/Sales
2.89
Sector
Entertainment
Category
value
Thoughts on Universal Music Group
UMG.AS (pass): Author prefers exposure via Bolloré/Cie de L'Odet discounts vs direct. Critiques Pershing's adj EBITDA focus, ignoring €540M capex, €90M leases, €110M SBP. At €18, mkt cap €32.9B, EFCF ~€1.05B = only 3.2% yield (3.5% pre-debt). Wants 4.25% yield = ~€13.50 entry.
Read full article (2 min)