Should you buy Netflix stock? (January 2024)

Published first at https://www.3minutebreakdowns.com Netflix stock analysis. Ticker: $NFLX Netflix just reported earnings and the stock jumped 11% to 545 dollars a share. That gives the company a current market cap of 242 billion. There’s 7 billion of cash on the balance sheet and 15 billion of debt so the enterprise value is just under 250 billion. There’s no denying that this was an excellent earnings report from Netflix. Paid memberships increased by 13% to 260 million which was 4 million more than expected. Growth was seen across all regions including North America and total revenue increased 12 and a half percent to 8.8 billion.The company also gave an optimistic forecast. Revenue is expected to grow another 13% next quarter and Netflix’s operating margin should climb to a record 26%. Over the last 12 months, the company has generated 34 billion of revenue, 5.4 billion of net income and almost 7 billion of free cash flow. So the stock is now valued at 44 times earnings or 36 times free cash flow. Reading this report, there isn’t much to criticize. There’s growth across the board and the company’s journey into paid advertising is going well. #netflixstock #investing #stockstobuy #3mb