Overview Dividends

(WMG) Warner Music - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9345502036

Recorded Music,Music Publishing

EPS (Earnings per Share)

EPS CAGR: 34.00%
EPS Trend: 39.2%

Last SUE: 1.48σ
Qual. Beats: 1

Revenue

Revenue CAGR: 8.62%
Revenue Trend: 61.0%

Last SUE: 4.00σ
Qual. Beats: 2

Risk via 10d forecast
Volatility	28.9%
Value at Risk 5%th	42.0%
Relative Tail Risk	-11.41%

Reward TTM
Sharpe Ratio	-0.26
Alpha	-13.55

Character TTM
Hurst Exponent	0.598
Beta	0.549
Beta Downside	0.635

Drawdowns 3y
Max DD	36.52%
Mean DD	15.25%
Median DD	14.66%

Description: WMG Warner Music October 16, 2025

Warner Music Group Corp. (NASDAQ: WMG) is a global music-entertainment company operating in the United States, United Kingdom, Germany and other markets through two main segments: Recorded Music and Music Publishing. The Recorded Music segment discovers, develops, markets, promotes, distributes, sells and licenses recordings from a portfolio of labels that includes Warner Records, Atlantic Records, Parlophone, Spinnin’ Records and others, reaching retailers, wholesalers, streaming platforms and direct-to-consumer channels. The Music Publishing segment owns roughly one million compositions across all major genres and administers third-party sync rights for film, TV and advertising.

Key recent metrics indicate that streaming now accounts for about 70 % of WMG’s total revenue, with 2023 earnings of roughly $5.2 billion and a 12 % year-over-year increase in net income driven by higher royalty yields and cost-discipline. The company’s publishing royalties have risen faster than the recorded-music side, reflecting a broader industry shift toward sync licensing and the growing value of catalog assets. Macro-level drivers include continued global growth in paid-subscription streaming, the rollout of high-resolution audio formats, and emerging AI-generated music tools that could reshape royalty structures.

For a deeper dive into WMG’s valuation metrics and peer comparison, you might explore the ValueRay platform.

WMG Stock Overview

Market Cap in USD	15,998m
Sub-Industry	Movies & Entertainment
IPO / Inception	2020-06-03
Return 12m vs S&P 500	-12.1%
Analyst Rating	3.89 of 5

WMG Dividends

Metric	Value
Dividend Yield	2.41%
Yield on Cost 5y	2.93%
Yield CAGR 5y	30.68%
Payout Consistency	100.0%
Payout Ratio	52.0%

WMG Growth Ratios

Metric	Value
CAGR 3y	0.23%
CAGR/Max DD Calmar Ratio	0.01
CAGR/Mean DD Pain Ratio	0.02
Current Volume	2551.7k
Average Volume	1675.2k

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (621.0m TTM) > 0 and > 6% of Revenue (6% = 402.4m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -0.73pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -21.34% (prev -19.51%; Δ -1.82pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 678.0m > Net Income 621.0m (YES >=105%, WARN >=100%)

Net Debt (-289.0m) to EBITDA (1.02b) ratio: -0.28 <= 3.0 (WARN <= 3.5)

Current Ratio 0.66 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (986.3m) change vs 12m ago 90.57% (target <= -2.0% for YES)

Gross Margin 45.85% (prev 47.79%; Δ -1.94pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 70.66% (prev 70.19%; Δ 0.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.99 (EBITDA TTM 1.02b / Interest Expense TTM 162.0m) >= 6 (WARN >= 3)

Altman Z'' -1.11

(A) -0.15 = (Total Current Assets 2.77b - Total Current Liabilities 4.20b) / Total Assets 9.83b

(B) -0.14 = Retained Earnings (Balance) -1.33b / Total Assets 9.83b

(D) -0.17 = Book Value of Equity -1.52b / Total Liabilities 9.07b

Total Rating: -1.11 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 73.06

1. Piotroski 5.0pt

2. FCF Yield 2.90%

3. FCF Margin 6.80%

4. Debt/Equity 0.38

5. Debt/Ebitda -0.28

6. ROIC - WACC (= 4.76)%

7. RoE 105.8%

8. Rev. Trend 61.04%

9. EPS Trend 39.17%

What is the price of WMG shares?

As of November 24, 2025, the stock is trading at USD 30.69 with a total of 2,551,657 shares traded.
Over the past week, the price has changed by +1.46%, over one month by -7.39%, over three months by -9.35% and over the past year by -1.89%.

Is WMG a buy, sell or hold?

Warner Music has received a consensus analysts rating of 3.89. Therefore, it is recommended to buy WMG.

Strong Buy: 9
Buy: 2
Hold: 6
Sell: 1
Strong Sell: 1

What are the forecasts/targets for the WMG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	37.9	23.6%
Analysts Target Price	37.9	23.6%
ValueRay Target Price	31.6	3.1%

WMG Fundamental Data Overview November 23, 2025

Market Cap USD = 16.00b (16.00b USD * 1.0 USD.USD)
P/E Trailing = 44.4783
P/E Forward = 21.1864
P/S = 2.3852
P/B = 24.7798
P/EG = 1.141
Beta = 1.304
Revenue TTM = 6.71b USD
EBIT TTM = 646.0m USD
EBITDA TTM = 1.02b USD
Long Term Debt = 4.36b USD (from longTermDebt, two quarters ago)
Short Term Debt = 43.0m USD (from shortTermDebt, last quarter)
Debt = 243.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -289.0m USD (from netDebt column, last quarter)
Enterprise Value = 15.71b USD (16.00b + Debt 243.0m - CCE 532.0m)
Interest Coverage Ratio = 3.99 (Ebit TTM 646.0m / Interest Expense TTM 162.0m)
FCF Yield = 2.90% (FCF TTM 456.0m / Enterprise Value 15.71b)
FCF Margin = 6.80% (FCF TTM 456.0m / Revenue TTM 6.71b)
Net Margin = 9.26% (Net Income TTM 621.0m / Revenue TTM 6.71b)
Gross Margin = 45.85% ((Revenue TTM 6.71b - Cost of Revenue TTM 3.63b) / Revenue TTM)
Gross Margin QoQ = 44.65% (prev 45.94%)
Tobins Q-Ratio = 1.60 (Enterprise Value 15.71b / Total Assets 9.83b)
Interest Expense / Debt = 17.70% (Interest Expense 43.0m / Debt 243.0m)
Taxrate = -244.3% (out of range, set to none) (-259.0m / 106.0m)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 0.66 (Total Current Assets 2.77b / Total Current Liabilities 4.20b)
Debt / Equity = 0.38 (Debt 243.0m / totalStockholderEquity, last quarter 647.0m)
Debt / EBITDA = -0.28 (Net Debt -289.0m / EBITDA 1.02b)
Debt / FCF = -0.63 (Net Debt -289.0m / FCF TTM 456.0m)
Total Stockholder Equity = 587.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.32% (Net Income 621.0m / Total Assets 9.83b)
RoE = 105.8% (Net Income TTM 621.0m / Total Stockholder Equity 587.0m)
RoCE = 13.05% (EBIT 646.0m / Capital Employed (Equity 587.0m + L.T.Debt 4.36b))
RoIC = 12.68% (EBIT 646.0m / (Assets 9.83b - Curr.Liab 4.20b - Cash 532.0m))
WACC = 7.92% (E(16.00b)/V(16.24b) * Re(8.04%) + (debt cost/tax rate unavailable))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 1.25%
[DCF Debug] Terminal Value 78.87% ; FCFE base≈470.4m ; Y1≈489.9m ; Y5≈563.8m
Fair Price DCF = 67.86 (DCF Value 9.90b / Shares Outstanding 145.9m; 5y FCF grow 4.38% → 3.0% )
EPS Correlation: 39.17 | EPS CAGR: 34.00% | SUE: 1.48 | # QB: 1
Revenue Correlation: 61.04 | Revenue CAGR: 8.62% | SUE: 4.0 | # QB: 2

Additional Sources for WMG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle