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Warner Music Group Corp Ordinary Shares - Class A WMG Stock Quote

| Rating as of

NASDAQ: WMG

Last close prices updated as of Jun 06, 2023, 2:59 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 24.23
  • Sector Communication Services
  • Industry Entertainment
  • Investment Style Mid Growth
  • Day Range 24.02  –  24.85
  • Year Range 21.57  –  38.76
  • Market Cap 12.6001 Bil
  • Volume / Avg 979,145.0 /  1.6 Mil
  • Price / Sales 2.15
  • Price / Book 49.61
  • Forward Div Yield 2.64%
  • Trailing Div Yield 2.62%

Morningstar‘s Stock Analysis WMG

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

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Warner Music Earnings: Weak Streaming Growth Weighs on Results and Shares

Neil Macker Senior Equity Analyst

Analyst Note

| Neil Macker |

Warner Music posted better-than-expected fiscal second-quarter results as revenue was in line and adjusted EBITDA was ahead of FactSet consensus. However, shares fell by over 9.5% as streaming growth decelerated at the recorded music segment. Quarterly results also suffered from the impact of economic uncertainty on ad revenue and ongoing financial currency headwinds. Despite muted growth in recorded music, we still expect the firm to benefit from deals with newer emerging platforms and price hikes at larger music streaming services. We maintain our $36 fair value estimate.

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Key Statistics WMG

Company Profile WMG

Business Description

Warner Music Group is the third largest of the three major global record labels, with Vivendi’s Universal Music in first and Sony Music in second. Warner’s larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm’s publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.

Contact
1633 Broadway
New York, NY, 10019
Industry Entertainment
Employees 6,200

Related Articles WMG

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of WMG’s competitive advantage.

Warner Music Group Corp Ordinary Shares - Class A

XNAS: WMG

Sony Group Corp

XTKS: 6758

Spotify Technology SA

XNYS: SPOT

Universal Music Group NV

XAMS: UMG
Price
24.4113,875.00153.5219.06
Currency
USDJPYUSDEUR
Change
+$0.18 (0.74%) +$15.00 (0.11%) −$2.82 (1.80%) +$0.39 (2.09%)
Market Cap
12.60 Bil17.13 Tril29.68 Bil34.55 Bil
Industry
Entertainment Consumer Electronics Internet Content & Information Entertainment
Sector
Communication Services
Technology
Communication Services
Communication Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Warner Music Group Corp Ordinary Shares - Class A Stock

Yes. WMG has a forward dividend yield of 2.64%. See WMG’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

WMG’s market cap is 12.60 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

WMG’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

WMG’s price/sales is 2.15.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

WMG’s price/forward earnings is 29.19.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

WMG’s price/book is 49.61.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See WMG’s valuation ratios compared to the Market Index.

WMG’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare WMG’s historical performance against its industry peers and the overall market.