Added to YB: 2026-09-08
Pitch date: 2026-09-05
UMG.AS [bullish]
Universal Music Group N.V.
-0.6%
current return
Author Info
I am a French private investor running a concentrated portfolio. I have been investing our family money for several years in select French micro, small, mid and large caps for a sizable portion of my liquid net worth. 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 25.8B
Pitch Price
EUR 14.21
Price Target
24.00 (+68%)
Dividend
3.65%
EV/EBITDA
13.29
P/E
80.84
EV/Sales
2.40
Sector
Entertainment
Category
value
UMG : the most important asset of the Bolloré galaxy could be attractive
UMG.AS: Universal Music Group’s unique, long-lived catalog and artist-discovery and marketing capabilities underpin a valuation case at a 4.4% free-cash-flow yield with 6% sales growth. UMG’s sale of 0.48% of Spotify shows that stake is monetizable; using half the remainder for repurchases at €15 could reduce shares by 4.58%, with upside if the stock returns to €24. Risks include poor prior buyback timing and three clients representing 42% of sales.
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