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home / news releases / NFLX - Netflix: No Longer Premium Growth But That's Okay 23x Forward FCF

NFLX - Netflix: No Longer Premium Growth But That's Okay 23x Forward FCF

Netflix Inc.

2024-01-24 03:11:49 ET

Summary

  • Netflix's transition from a premium growth stock is acknowledged, but the focus shifts to its robust free cash flow generation potential.
  • At a forward free cash flow valuation of 23x, Netflix appears attractively priced, leveraging its dominant position as a streaming provider.
  • Recent strategic moves, including the WWE partnership and a heightened emphasis on advertising, contribute to positive near-term prospects.

Investment Thesis

Netflix's ( NFLX ) guidance for Q1 2024 provided investors with ample positive news. However, even as Netflix strives to describe that it has a "lot more room to grow", the fact of the matter is that this is no longer a premium growth stock. But that's not where the bull case is found....

For further details see:

Netflix: No Longer Premium Growth, But That's Okay, 23x Forward FCF
Stock Information
Company Name: Netflix Inc.
Stock Symbol: NFLX
Market: NASDAQ
Website: netflix.com
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