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

AMS:UMG • NL0015000IY2

17.305 EUR
-0.5 (-2.78%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

Taking everything into account, UMG scores 4 out of 10 in our fundamental rating. UMG was compared to 49 industry peers in the Entertainment industry. There are concerns on the financial health of UMG while its profitability can be described as average. UMG is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. UMG.AS Profitability Analysis

1.1 Basic Checks

  • In the past year UMG was profitable.
  • UMG had a positive operating cash flow in the past year.
  • In the past 5 years UMG has always been profitable.
  • UMG had a positive operating cash flow in each of the past 5 years.
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 91.84% of its industry peers.
  • UMG has a Return On Equity of 31.43%. This is amongst the best in the industry. UMG outperforms 91.84% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 13.14%, UMG belongs to the top of the industry, outperforming 91.84% of the companies in the same industry.
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

  • Looking at the Profit Margin, with a value of 12.26%, UMG belongs to the top of the industry, outperforming 81.63% of the companies in the same industry.
  • UMG's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 15.98%, UMG belongs to the best of the industry, outperforming 91.84% of the companies in the same industry.
  • In the last couple of years the Operating Margin of UMG has remained more or less at the same level.
  • UMG has a worse Gross Margin (42.46%) than 65.31% 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

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. UMG.AS Health Analysis

2.1 Basic Checks

  • UMG has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it 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

  • Based on the Altman-Z score of 0.15, we must say that UMG is in the distress zone and has some risk of bankruptcy.
  • UMG has a Altman-Z score of 0.15. This is in the lower half of the industry: UMG underperforms 65.31% of its industry peers.
  • 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 better Debt to FCF ratio (2.24) than 75.51% of its industry peers.
  • UMG has a Debt/Equity ratio of 0.54. This is a neutral value indicating UMG is somewhat dependend on debt financing.
  • UMG has a Debt to Equity ratio (0.54) which is in line with its industry peers.
  • 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 0.15
ROIC/WACC1.85
WACC7.12%
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.
  • Looking at the Current ratio, with a value of 0.63, UMG is doing worse than 65.31% of the companies in the same industry.
  • A Quick Ratio of 0.60 indicates that UMG may have some problems paying its short term obligations.
  • The Quick ratio of UMG (0.60) is worse than 65.31% 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

More info and screens

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

4

3. UMG.AS Growth Analysis

3.1 Past

  • UMG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -26.55%.
  • 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.
  • Looking at the last year, UMG shows a small growth in Revenue. The Revenue has grown by 5.69% in the last year.
  • UMG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.97% yearly.
EPS 1Y (TTM)-26.55%
EPS 3Y24.51%
EPS 5Y2.05%
EPS Q2Q%33.87%
Revenue 1Y (TTM)5.69%
Revenue growth 3Y6.55%
Revenue growth 5Y10.97%
Sales Q2Q%98.27%

3.2 Future

  • Based on estimates for the next years, UMG will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.47% on average per year.
  • 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 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.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

4

4. UMG.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 20.85 indicates a rather expensive valuation of UMG.
  • UMG's Price/Earnings ratio is a bit cheaper when compared to the industry. UMG is cheaper than 79.59% of the companies in the same industry.
  • UMG is valuated rather cheaply when we compare the Price/Earnings ratio to 26.46, which is the current average of the S&P500 Index.
  • UMG is valuated correctly with a Price/Forward Earnings ratio of 15.70.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of UMG indicates a somewhat cheap valuation: UMG is cheaper than 79.59% of the companies listed in the same industry.
  • UMG's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 20.85
Fwd PE 15.7
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 71.43% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 19.02
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 an expensive valuation of the company.
  • UMG has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.87
PEG (5Y)10.18
EPS Next 2Y8.92%
EPS Next 3Y6.3%

More info and screens

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

4

5. UMG.AS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.69%, UMG has a reasonable but not impressive dividend return.
  • In the last 3 months the price of UMG has falen by -20.87%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
  • Compared to an average industry Dividend Yield of 0.92, UMG pays a better dividend. On top of this UMG pays more dividend than 91.84% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, UMG pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.69%

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

  • 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

More info and screens

Find the best dividend stocksShow peers with best dividend

UMG.AS Fundamentals: All Metrics, Ratios and Statistics

UNIVERSAL MUSIC GROUP NV

AMS:UMG (3/9/2026, 7:00:00 PM)

17.305

-0.5 (-2.78%)

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 Cap31.74B
Revenue(TTM)12.51B
Net Income(TTM)1.53B
Analysts76.3
Price Target28.28 (63.42%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.69%
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)-2.77%
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 20.85
Fwd PE 15.7
P/S 2.54
P/FCF 19.02
P/OCF 18.25
P/B 6.51
P/tB N/A
EV/EBITDA N/A
EPS(TTM)0.83
EY4.8%
EPS(NY)1.1
Fwd EY6.37%
FCF(TTM)0.91
FCFY5.26%
OCF(TTM)0.95
OCFY5.48%
SpS6.82
BVpS2.66
TBVpS-1.16
PEG (NY)2.87
PEG (5Y)10.18
Graham Number7.05
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 0.15
F-Score5
WACC7.12%
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)-26.55%
EPS 3Y24.51%
EPS 5Y2.05%
EPS Q2Q%33.87%
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%98.27%
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 Year39.82%
EBIT Next 3Y18.88%
EBIT Next 5Y15.06%
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 FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to UMG.AS.


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

ChartMill assigns a valuation rating of 4 / 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 20.85 and the Price/Book (PB) ratio is 6.51.


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%.