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

AMS:UMG • NL0015000IY2

Current stock price

20.38 EUR
-0.23 (-1.12%)
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

  • UMG had positive earnings in the past year.
  • UMG had a positive operating cash flow in the past year.
  • Each year in the past 5 years UMG has been profitable.
  • In the past 5 years UMG always reported a positive cash flow from operatings.
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

  • Looking at the Return On Assets, with a value of 8.78%, UMG belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • The Return On Equity of UMG (33.74%) is better than 93.18% of its industry peers.
  • UMG has a Return On Invested Capital of 14.20%. This is amongst the best in the industry. UMG outperforms 86.36% of its industry peers.
Industry RankSector Rank
ROA 8.78%
ROE 33.74%
ROIC 14.2%
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

  • UMG has a Profit Margin of 12.26%. This is in the better half of the industry: UMG outperforms 79.55% of its industry peers.
  • In the last couple of years the Profit Margin of UMG has declined.
  • UMG has a better Operating Margin (15.98%) than 88.64% of its industry peers.
  • In the last couple of years the Operating Margin of UMG has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 42.46%, UMG is doing worse than 61.36% of the companies in the same industry.
  • 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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), UMG is creating value.
  • There is no outstanding debt for UMG. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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 0.36. This is a bad value and indicates that UMG is not financially healthy and even has some risk of bankruptcy.
  • UMG's Altman-Z score of 0.36 is on the low side compared to the rest of the industry. UMG is outperformed by 70.45% of its industry peers.
  • UMG has a debt to FCF ratio of 2.04. This is a good value and a sign of high solvency as UMG would need 2.04 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.04, UMG belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • UMG has a Debt/Equity ratio of 0.63. This is a neutral value indicating UMG is somewhat dependend on debt financing.
  • UMG has a Debt to Equity ratio (0.63) which is comparable to the rest of the industry.
  • Even though the debt/equity ratio score it not favorable for UMG, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 2.04
Altman-Z 0.36
ROIC/WACC1.98
WACC7.17%
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

  • A Current Ratio of 0.63 indicates that UMG may have some problems paying its short term obligations.
  • The Current ratio of UMG (0.63) is worse than 61.36% of its industry peers.
  • A Quick Ratio of 0.60 indicates that UMG may have some problems paying its short term obligations.
  • UMG has a Quick ratio of 0.60. This is comparable to the rest of the industry: UMG outperforms 40.91% of its industry peers.
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 1.98% on average over the past years.
  • UMG shows a small growth in Revenue. In the last year, the Revenue has grown by 5.69%.
  • The Revenue has been growing by 10.97% on average over the past years. This is quite good.
EPS 1Y (TTM)7.29%
EPS 3Y24.37%
EPS 5Y1.98%
EPS Q2Q%5.77%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y6.55%
Revenue growth 5Y10.97%
Sales Q2Q%5.04%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.47% on average over the next years. This is quite good.
  • Based on estimates for the next years, UMG will show a small growth in Revenue. The Revenue will grow by 6.65% on average per year.
EPS Next Y3.59%
EPS Next 2Y7.08%
EPS Next 3Y8%
EPS Next 5Y9.47%
Revenue Next Year10.03%
Revenue Next 2Y8.51%
Revenue Next 3Y8.3%
Revenue Next 5Y6.65%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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4

4. UMG.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.79 indicates a rather expensive valuation of UMG.
  • Based on the Price/Earnings ratio, UMG is valued a bit cheaper than 79.55% of the companies in the same industry.
  • UMG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.89.
  • A Price/Forward Earnings ratio of 19.15 indicates a rather expensive valuation of UMG.
  • UMG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. UMG is cheaper than 77.27% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of UMG to the average of the S&P500 Index (38.50), we can say UMG is valued rather cheaply.
Industry RankSector Rank
PE 19.79
Fwd PE 19.15
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 40

4.2 Price Multiples

  • UMG's Enterprise Value to EBITDA is on the same level as the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of UMG indicates a somewhat cheap valuation: UMG is cheaper than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 22.45
EV/EBITDA 16.65
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.
  • The decent profitability rating of UMG may justify a higher PE ratio.
PEG (NY)5.51
PEG (5Y)9.99
EPS Next 2Y7.08%
EPS Next 3Y8%

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4

5. UMG.AS Dividend Analysis

5.1 Amount

  • UMG has a Yearly Dividend Yield of 2.55%.
  • Compared to an average industry Dividend Yield of 0.89, UMG pays a better dividend. On top of this UMG pays more dividend than 90.91% of the companies listed in the same industry.
  • UMG's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.55%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years4
UMG.AS Yearly Dividends per shareUMG.AS Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

  • 62.17% of the earnings are spent on dividend by UMG. This is not a sustainable payout ratio.
DP62.17%
EPS Next 2Y7.08%
EPS Next 3Y8%
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 (4/20/2026, 5:36:15 PM)

20.38

-0.23 (-1.12%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)03-05
Earnings (Next)04-29
Inst Owners40.01%
Inst Owner ChangeN/A
Ins Owners18.51%
Ins Owner ChangeN/A
Market Cap37.47B
Revenue(TTM)12.51B
Net Income(TTM)1.53B
Analysts77.14
Price Target25.11 (23.21%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.55%
Yearly Dividend0.51
Dividend Growth(5Y)N/A
DP62.17%
Div Incr Years1
Div Non Decr Years4
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)-11.23%
PT rev (3m)-12.89%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.43%
EPS NY rev (3m)-3.84%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.49%
Revenue NY rev (3m)2.43%
Valuation
Industry RankSector Rank
PE 19.79
Fwd PE 19.15
P/S 3
P/FCF 22.45
P/OCF 21.55
P/B 8.25
P/tB N/A
EV/EBITDA 16.65
EPS(TTM)1.03
EY5.05%
EPS(NY)1.06
Fwd EY5.22%
FCF(TTM)0.91
FCFY4.45%
OCF(TTM)0.95
OCFY4.64%
SpS6.8
BVpS2.47
TBVpS-1.37
PEG (NY)5.51
PEG (5Y)9.99
Graham Number7.56739 (-62.87%)
Profitability
Industry RankSector Rank
ROA 8.78%
ROE 33.74%
ROCE 19.49%
ROIC 14.2%
ROICexc 14.91%
ROICexgc 52.84%
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 Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 2.04
Debt/EBITDA 1.17
Cap/Depr 15.7%
Cap/Sales 0.56%
Interest Coverage 95.14
Cash Conversion 71.15%
Profit Quality 108.87%
Current Ratio 0.63
Quick Ratio 0.6
Altman-Z 0.36
F-Score5
WACC7.17%
ROIC/WACC1.98
Cap/Depr(3y)16.75%
Cap/Depr(5y)12.74%
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 3Y24.37%
EPS 5Y1.98%
EPS Q2Q%5.77%
EPS Next Y3.59%
EPS Next 2Y7.08%
EPS Next 3Y8%
EPS Next 5Y9.47%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y6.55%
Revenue growth 5Y10.97%
Sales Q2Q%5.04%
Revenue Next Year10.03%
Revenue Next 2Y8.51%
Revenue Next 3Y8.3%
Revenue Next 5Y6.65%
EBIT growth 1Y12.56%
EBIT growth 3Y7.69%
EBIT growth 5Y9.83%
EBIT Next Year35.6%
EBIT Next 3Y17.81%
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 for UMG stock?

ChartMill assigns a valuation rating of 4 / 10 to UNIVERSAL MUSIC GROUP NV (UMG.AS). This can be considered as Fairly Valued.


Can you provide the profitability details for UNIVERSAL MUSIC GROUP NV?

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


How financially healthy is UNIVERSAL MUSIC GROUP NV?

The financial health rating of UNIVERSAL MUSIC GROUP NV (UMG.AS) is 4 / 10.


Can you provide the dividend sustainability for UMG stock?

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