UNIVERSAL MUSIC GROUP NV (UMG.AS) Fundamental Analysis & Valuation

AMS:UMG • NL0015000IY2

Current stock price

15.555 EUR
-0.02 (-0.13%)
Last:

This UMG.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. UMG.AS Profitability Analysis

1.1 Basic Checks

  • In the past year UMG was profitable.
  • In the past year UMG had a positive cash flow from operations.
  • UMG had positive earnings in each of the past 5 years.
  • Each year in the past 5 years UMG had a positive operating cash flow.
UMG.AS Yearly Net Income VS EBIT VS OCF VS FCFUMG.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

1.2 Ratios

  • UMG's Return On Assets of 8.38% is amongst the best of the industry. UMG outperforms 91.11% of its industry peers.
  • UMG has a better Return On Equity (31.43%) than 93.33% of its industry peers.
  • UMG has a Return On Invested Capital of 13.14%. This is amongst the best in the industry. UMG outperforms 84.44% of its industry peers.
Industry RankSector Rank
ROA 8.38%
ROE 31.43%
ROIC 13.14%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
UMG.AS Yearly ROA, ROE, ROICUMG.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

1.3 Margins

  • With a decent Profit Margin value of 12.26%, UMG is doing good in the industry, outperforming 77.78% of the companies in the same industry.
  • In the last couple of years the Profit Margin of UMG has declined.
  • UMG has a Operating Margin of 15.98%. This is amongst the best in the industry. UMG outperforms 88.89% of its industry peers.
  • In the last couple of years the Operating Margin of UMG has remained more or less at the same level.
  • UMG has a Gross Margin (42.46%) which is in line with its industry peers.
  • UMG's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 15.98%
PM (TTM) 12.26%
GM 42.46%
OM growth 3Y1.07%
OM growth 5Y-1.02%
PM growth 3Y17.46%
PM growth 5Y-7.78%
GM growth 3Y-1.45%
GM growth 5Y-2.13%
UMG.AS Yearly Profit, Operating, Gross MarginsUMG.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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4

2. UMG.AS Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so UMG is creating value.
  • UMG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
UMG.AS Yearly Shares OutstandingUMG.AS Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B
UMG.AS Yearly Total Debt VS Total AssetsUMG.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • UMG has an Altman-Z score of -0.04. This is a bad value and indicates that UMG is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -0.04, UMG is doing worse than 68.89% of the companies in the same industry.
  • The Debt to FCF ratio of UMG is 2.24, which is a good value as it means it would take UMG, 2.24 years of fcf income to pay off all of its debts.
  • UMG has a Debt to FCF ratio of 2.24. This is amongst the best in the industry. UMG outperforms 82.22% of its industry peers.
  • A Debt/Equity ratio of 0.54 indicates that UMG is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.54, UMG perfoms like the industry average, outperforming 57.78% of the companies in the same industry.
  • Although UMG's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 2.24
Altman-Z -0.04
ROIC/WACC1.85
WACC7.09%
UMG.AS Yearly LT Debt VS Equity VS FCFUMG.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.3 Liquidity

  • UMG has a Current Ratio of 0.63. This is a bad value and indicates that UMG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • UMG has a Current ratio of 0.63. This is in the lower half of the industry: UMG underperforms 60.00% of its industry peers.
  • UMG has a Quick Ratio of 0.63. This is a bad value and indicates that UMG is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.60, UMG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.63
Quick Ratio 0.6
UMG.AS Yearly Current Assets VS Current LiabilitesUMG.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. UMG.AS Growth Analysis

3.1 Past

  • UMG shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.29%.
  • The Earnings Per Share has been growing slightly by 2.05% on average over the past years.
  • Looking at the last year, UMG shows a small growth in Revenue. The Revenue has grown by 5.69% in the last year.
  • The Revenue has been growing by 10.97% on average over the past years. This is quite good.
EPS 1Y (TTM)7.29%
EPS 3Y24.51%
EPS 5Y2.05%
EPS Q2Q%5.77%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y6.55%
Revenue growth 5Y10.97%
Sales Q2Q%5.04%

3.2 Future

  • UMG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.47% yearly.
  • The Revenue is expected to grow by 6.65% on average over the next years.
EPS Next Y7.28%
EPS Next 2Y8.92%
EPS Next 3Y6.3%
EPS Next 5Y9.47%
Revenue Next Year7.35%
Revenue Next 2Y7.19%
Revenue Next 3Y6.84%
Revenue Next 5Y6.65%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
UMG.AS Yearly Revenue VS EstimatesUMG.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
UMG.AS Yearly EPS VS EstimatesUMG.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.5 1 1.5

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5

4. UMG.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.10, the valuation of UMG can be described as correct.
  • 88.89% of the companies in the same industry are more expensive than UMG, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 24.88. UMG is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 14.12, the valuation of UMG can be described as correct.
  • UMG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. UMG is cheaper than 80.00% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, UMG is valued a bit cheaper.
Industry RankSector Rank
PE 15.1
Fwd PE 14.12
UMG.AS Price Earnings VS Forward Price EarningsUMG.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, UMG is valued a bit cheaper than the industry average as 75.56% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 17.09
EV/EBITDA N/A
UMG.AS Per share dataUMG.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates UMG does not grow enough to justify the current Price/Earnings ratio.
  • UMG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.08
PEG (5Y)7.37
EPS Next 2Y8.92%
EPS Next 3Y6.3%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. UMG.AS Dividend Analysis

5.1 Amount

  • UMG has a Yearly Dividend Yield of 3.21%. Purely for dividend investing, there may be better candidates out there.
  • In the last 3 months the price of UMG has falen by -29.39%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • UMG's Dividend Yield is rather good when compared to the industry average which is at 1.06. UMG pays more dividend than 88.89% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.90, UMG pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.21%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years3
UMG.AS Yearly Dividends per shareUMG.AS Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • UMG pays out 62.17% of its income as dividend. This is not a sustainable payout ratio.
DP62.17%
EPS Next 2Y8.92%
EPS Next 3Y6.3%
UMG.AS Yearly Income VS Free CF VS DividendUMG.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
UMG.AS Dividend Payout.UMG.AS Dividend Payout, showing the Payout Ratio.UMG.AS Dividend Payout.PayoutRetained Earnings

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UMG.AS Fundamentals: All Metrics, Ratios and Statistics

UNIVERSAL MUSIC GROUP NV

AMS:UMG (3/27/2026, 7:00:00 PM)

15.555

-0.02 (-0.13%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)03-05
Earnings (Next)04-27
Inst Owners37.86%
Inst Owner ChangeN/A
Ins Owners18.51%
Ins Owner ChangeN/A
Market Cap28.53B
Revenue(TTM)12.51B
Net Income(TTM)1.53B
Analysts76.3
Price Target28.28 (81.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.21%
Yearly Dividend0.51
Dividend Growth(5Y)N/A
DP62.17%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.89%
PT rev (3m)-1.69%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.44%
EPS NY rev (3m)-0.33%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.05%
Valuation
Industry RankSector Rank
PE 15.1
Fwd PE 14.12
P/S 2.28
P/FCF 17.09
P/OCF 16.41
P/B 5.85
P/tB N/A
EV/EBITDA N/A
EPS(TTM)1.03
EY6.62%
EPS(NY)1.1
Fwd EY7.08%
FCF(TTM)0.91
FCFY5.85%
OCF(TTM)0.95
OCFY6.1%
SpS6.82
BVpS2.66
TBVpS-1.16
PEG (NY)2.08
PEG (5Y)7.37
Graham Number7.85
Profitability
Industry RankSector Rank
ROA 8.38%
ROE 31.43%
ROCE 17.96%
ROIC 13.14%
ROICexc 13.79%
ROICexgc 40.4%
OM 15.98%
PM (TTM) 12.26%
GM 42.46%
FCFM 13.34%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y1.07%
OM growth 5Y-1.02%
PM growth 3Y17.46%
PM growth 5Y-7.78%
GM growth 3Y-1.45%
GM growth 5Y-2.13%
F-Score5
Asset Turnover0.68
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 2.24
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.56%
Interest Coverage 95.14
Cash Conversion N/A
Profit Quality 108.87%
Current Ratio 0.63
Quick Ratio 0.6
Altman-Z -0.04
F-Score5
WACC7.09%
ROIC/WACC1.85
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.58%
Cap/Sales(5y)0.44%
Profit Quality(3y)111.54%
Profit Quality(5y)135.82%
High Growth Momentum
Growth
EPS 1Y (TTM)7.29%
EPS 3Y24.51%
EPS 5Y2.05%
EPS Q2Q%5.77%
EPS Next Y7.28%
EPS Next 2Y8.92%
EPS Next 3Y6.3%
EPS Next 5Y9.47%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y6.55%
Revenue growth 5Y10.97%
Sales Q2Q%5.04%
Revenue Next Year7.35%
Revenue Next 2Y7.19%
Revenue Next 3Y6.84%
Revenue Next 5Y6.65%
EBIT growth 1Y12.56%
EBIT growth 3Y7.69%
EBIT growth 5Y9.83%
EBIT Next Year39.63%
EBIT Next 3Y18.83%
EBIT Next 5Y15.03%
FCF growth 1Y0.3%
FCF growth 3Y-0.59%
FCF growth 5Y13.22%
OCF growth 1Y-0.91%
OCF growth 3Y0.13%
OCF growth 5Y13.43%

UNIVERSAL MUSIC GROUP NV / UMG.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for UNIVERSAL MUSIC GROUP NV?

ChartMill assigns a fundamental rating of 5 / 10 to UMG.AS.


What is the valuation status of UNIVERSAL MUSIC GROUP NV (UMG.AS) stock?

ChartMill assigns a valuation rating of 5 / 10 to UNIVERSAL MUSIC GROUP NV (UMG.AS). This can be considered as Fairly Valued.


How profitable is UNIVERSAL MUSIC GROUP NV (UMG.AS) stock?

UNIVERSAL MUSIC GROUP NV (UMG.AS) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for UMG stock?

The Price/Earnings (PE) ratio for UNIVERSAL MUSIC GROUP NV (UMG.AS) is 15.1 and the Price/Book (PB) ratio is 5.85.


Is the dividend of UNIVERSAL MUSIC GROUP NV sustainable?

The dividend rating of UNIVERSAL MUSIC GROUP NV (UMG.AS) is 4 / 10 and the dividend payout ratio is 62.17%.