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

AMS:UMG • NL0015000IY2

Current stock price

19.425 EUR
+0.64 (+3.38%)
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.
  • In the past year UMG had a positive cash flow from operations.
  • In the past 5 years UMG has always been profitable.
  • 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 has a better Return On Assets (8.38%) than 93.33% of its industry peers.
  • With an excellent Return On Equity value of 31.43%, UMG belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
  • UMG's Return On Invested Capital of 13.14% is amongst the best of the industry. UMG outperforms 86.67% 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

  • The Profit Margin of UMG (12.26%) is better than 82.22% 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 86.67% of its industry peers.
  • In the last couple of years the Operating Margin of UMG has remained more or less at the same level.
  • The Gross Margin of UMG (42.46%) is worse than 60.00% of 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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 0.23. This is a bad value and indicates that UMG is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of UMG (0.23) is worse than 66.67% of its industry peers.
  • UMG has a debt to FCF ratio of 2.24. This is a good value and a sign of high solvency as UMG would need 2.24 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 2.24, UMG belongs to the best of the industry, outperforming 82.22% of the companies in the same industry.
  • A Debt/Equity ratio of 0.54 indicates that UMG is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.54, UMG is in the better half of the industry, outperforming 62.22% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 2.24
Altman-Z 0.23
ROIC/WACC1.84
WACC7.16%
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.
  • With a Current ratio value of 0.63, UMG is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.60 indicates that UMG may have some problems paying its short term obligations.
  • UMG has a worse Quick ratio (0.60) than 60.00% 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

  • The Earnings Per Share has been growing slightly by 7.29% over the past year.
  • Measured over the past 5 years, UMG shows a small growth in Earnings Per Share. The EPS has been growing by 2.05% on average per year.
  • The Revenue has been growing slightly by 5.69% in the past year.
  • Measured over the past years, UMG shows a quite strong growth in Revenue. The Revenue has been growing by 10.97% on average per year.
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 Year9.58%
Revenue Next 2Y8.53%
Revenue Next 3Y8.27%
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.
  • 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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4

4. UMG.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 18.86, UMG is valued on the expensive side.
  • 77.78% of the companies in the same industry are more expensive than UMG, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of UMG to the average of the S&P500 Index (26.78), we can say UMG is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 17.63 indicates a rather expensive valuation of UMG.
  • 75.56% of the companies in the same industry are more expensive than UMG, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 23.54. UMG is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 18.86
Fwd PE 17.63
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

  • Based on the Price/Free Cash Flow ratio, UMG is valued a bit cheaper than 77.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 21.35
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.
  • The decent profitability rating of UMG may justify a higher PE ratio.
PEG (NY)2.59
PEG (5Y)9.21
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 3.34%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 1.02, UMG pays a better dividend. On top of this UMG pays more dividend than 91.11% of the companies listed in the same industry.
  • UMG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.34%

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 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 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 (4/10/2026, 7:00:00 PM)

19.425

+0.64 (+3.38%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryEntertainment
Earnings (Last)03-05
Earnings (Next)04-29
Inst Owners37.86%
Inst Owner ChangeN/A
Ins Owners18.51%
Ins Owner ChangeN/A
Market Cap35.63B
Revenue(TTM)12.51B
Net Income(TTM)1.53B
Analysts77.14
Price Target25.99 (33.8%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.34%
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)-8.11%
PT rev (3m)-9.66%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.08%
Revenue NY rev (3m)2.02%
Valuation
Industry RankSector Rank
PE 18.86
Fwd PE 17.63
P/S 2.85
P/FCF 21.35
P/OCF 20.49
P/B 7.31
P/tB N/A
EV/EBITDA N/A
EPS(TTM)1.03
EY5.3%
EPS(NY)1.1
Fwd EY5.67%
FCF(TTM)0.91
FCFY4.68%
OCF(TTM)0.95
OCFY4.88%
SpS6.82
BVpS2.66
TBVpS-1.16
PEG (NY)2.59
PEG (5Y)9.21
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 0.23
F-Score5
WACC7.16%
ROIC/WACC1.84
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 Year9.58%
Revenue Next 2Y8.53%
Revenue Next 3Y8.27%
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 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 3 / 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%.