Professional
Added to YB: 2024-03-25
Pitch date: 2024-01-31
UMG.AS [bullish]
Universal Music Group N.V.
-17.56%
current return
Author Info
No bio for this author
Company Info
Universal Music Group N.V. operates as a music company worldwide. It operates through Recorded Music, Music Publishing, and Merchandising & Other segments.
Market Cap
EUR 42.7B
Pitch Price
EUR 26.36
Price Target
N/A
Dividend
2.23%
EV/EBITDA
20.33
P/E
16.48
EV/Sales
3.77
Sector
Entertainment
Category
growth
Sequoia Strategy Composite Portfolio Holding - Universal Music Group N.V.
UMG.AS: Solid FY23 results w/ 21% return; hi-single digit rev & op income growth expected. Paid streaming +low teens on subscriber adds & price hikes. Artist-centric models a plus for UMG. Generative AI unlikely to disrupt due to personal connection to stars like Taylor Swift. Own ⅓ of commercially relevant Western music. Trimmed on 40% gain but remain optimistic.
Read full article (3 min)