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Universal Music Group N.V. (UMG.AS)

EUR18.35 -0.79 (-4.13%)
NL AMS Communication Services Entertainment
Address S-Gravelandseweg 80 1217 EW
Hilversum, NL
CEO Sir Lucian Grainge
IPO 2021-09-21
ISIN NL0015000IY2

Explore sections of this company profile

Also trades on Euronext Amsterdam · UMG.AS (EUR) Other OTC · UMGNF (USD) Other OTC · UNVGY (USD)
Description

Universal Music Group N.V. stands as a leading global music entertainment corporation, organized into three primary business divisions: Recorded Music, Music Publishing, and Merchandising & Other. The Recorded Music division is dedicated to discovering and cultivating recording artists, then marketing and distributing their musical works across a multitude of formats and digital platforms. This segment also engages in activities such as live event production, securing sponsorships, and contributing to film and television ventures. Through its Music Publishing arm, the company actively identifies and nurtures songwriters. It also holds and manages the intellectual property rights for musical compositions, which are licensed for use in commercial recordings, public performances, cinematic works, and advertising campaigns, among other applications. The Merchandising & Other segment focuses on manufacturing and retailing artist-branded and other proprietary products. These goods are sold through diverse channels, including fashion retail outlets, concert tours, and online stores. Additionally, this division offers comprehensive brand rights management services. UMG's extensive portfolio encompasses approximately 3 million recorded tracks and 4 million musical compositions under its ownership or administration. The company also represents around 250 artists and brands and operates roughly 50 labels that span a wide spectrum of musical genres. Founded in 2020, Universal Music Group N.V. is headquartered in Hilversum, the Netherlands.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR18.35 -0.79 (-4.13%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.80
Float Shares
1.03B
Free Float %
56.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.44% -4.69% +9.46% +2.04% -11.68% -12.28% -29.50% +5.41% -22.31% -22.31% -22.31%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
18.35
DCF (Unlevered) 35.39 +92.9%
DCF (Levered) 17.50 -4.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 10 -2
Hold 6 0
Sell 1 0
Strong Sell 0 -1
Quality scores
Altman Z-Score
1.65
Distress
Piotroski F-Score
3 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Entertainment: +5.6%
    +5.7% Q4'25: +11.2% (vs Q4'23)
  • EPS growth Entertainment: +31.6%
    -26.6% Q4'25: -83.8% (vs Q4'23)
  • FCF margin FCF growth · Entertainment: +61.7%
    +13.8% Q4'25: +21.7% (vs Q4'23)
  • EBIT margin Entertainment: +7.7%
    +16.7% Q4'25: +16.6% (vs Q4'23)
  • ROIC Entertainment: +5.2%
    +19.6% Q4'25: +41.1% (vs Q4'23)
  • Share dilution Entertainment: +0.0%
    -0.3% Q4'25: -1.5% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Entertainment: -0.15×
    1.34× Q4'25: 0.64× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.78) × ERP
WACC = 91% × Ke + 9% × Kd (6.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 35.39 Current price: 18.35
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
17 Rev. Ana.
11 EPS Ana.
Dec 2027
17 Rev. Ana.
12 EPS Ana.
Dec 2028
16 Rev. Ana.
10 EPS Ana.
Dec 2029
15 Rev. Ana.
4 EPS Ana.
Dec 2030
15 Rev. Ana.
4 EPS Ana.
Revenue
8.50B
est: 8.41B (+1.2%)
10.34B
est: 10.28B (+0.6%)
11.11B
est: 11.49B (-3.3%)
11.83B
est: 11.67B (+1.4%)
12.51B
est: 12.33B (+1.5%)
13.62B
12.97B – 13.90B
+10.5% YoY
14.64B
13.66B – 15.29B
+7.5% YoY
15.61B
15.60B – 15.61B
+6.6% YoY
16.79B
15.82B – 17.35B
+7.6% YoY
18.18B
17.13B – 18.78B
+8.2% YoY
EBITDA
1.49B
est: 1.75B (-15.1%)
1.35B
est: 2.14B (-36.9%)
1.83B
est: 3.51B (-47.9%)
3.47B
est: 3.57B (-2.8%)
2.54B
est: 3.77B (-32.6%)
4.16B
3.96B – 4.25B
+10.5% YoY
4.47B
4.17B – 4.67B
+7.5% YoY
4.77B
4.77B – 4.77B
+6.6% YoY
5.13B
4.83B – 5.30B
+7.6% YoY
5.55B
5.23B – 5.74B
+8.2% YoY
EBIT
1.21B
est: 1.47B (-17.4%)
975.00M
est: 1.79B (-45.6%)
1.45B
est: 3.08B (-53.1%)
3.06B
est: 3.13B (-2.4%)
2.09B
est: 3.31B (-36.7%)
3.66B
3.48B – 3.73B
+10.5% YoY
3.93B
3.67B – 4.11B
+7.5% YoY
4.19B
4.19B – 4.19B
+6.6% YoY
4.51B
4.25B – 4.66B
+7.6% YoY
4.88B
4.60B – 5.04B
+8.2% YoY
Net Income
886.00M
est: 1.20B (-25.9%)
782.00M
est: 1.43B (-45.3%)
1.26B
est: 1.55B (-18.7%)
2.09B
est: 1.63B (+28.0%)
1.53B
est: 1.53B (+0.0%)
1.87B
1.74B – 1.99B
+21.9% YoY
2.05B
1.81B – 2.29B
+9.7% YoY
2.01B
1.98B – 2.73B
-1.7% YoY
2.53B
2.34B – 2.63B
+25.5% YoY
2.98B
2.76B – 3.11B
+18.1% YoY
SGA
2.50B
est: 2.36B (+6.0%)
2.70B
est: 2.89B (-6.4%)
3.21B
est: 3.04B (+5.9%)
3.02B
est: 3.08B (-2.2%)
2.77B
est: 3.26B (-14.9%)
3.60B
3.43B – 3.67B
+10.5% YoY
3.87B
3.61B – 4.04B
+7.5% YoY
4.12B
4.12B – 4.12B
+6.6% YoY
4.44B
4.18B – 4.58B
+7.6% YoY
4.80B
4.53B – 4.96B
+8.2% YoY
EPS
0.49
est: 0.65 (-24.1%)
0.43
est: 0.76 (-43.4%)
0.69
est: 0.85 (-18.7%)
1.14
est: 0.90 (+27.2%)
0.84
est: 1.03 (-18.4%)
1.03
0.94 – 1.08
-0.3% YoY
1.13
0.98 – 1.24
+10.4% YoY
1.25
1.07 – 1.48
+10.3% YoY
1.37
1.27 – 1.43
+9.5% YoY
1.62
1.49 – 1.68
+18.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-28 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-27 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-26 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-25 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-22 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-21 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-20 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-19 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-18 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-15 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-14 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-13 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-12 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-11 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-08 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-07 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-06 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-05 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-05-04 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-30 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-29 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 B+ 3/5 3/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-15 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
3.38B
OE per share TTM
1.83
Owner's Yield
9.45%
Maintenance CapEx ratio
4.88%
Maint CapEx / Avg PPE
6.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
217.2K
Shares Outstanding
1.83B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sir Lucian Grainge Chairman & Chief Executive Officer 23M
Boyd Muir Executive Vice President & Chief Operating Officer 9M male
Vincent Vallejo Deputy CEO of Corporate & Executive Director 2M male
Jody Gerson Chairman & Chief Executive Officer for Universal Music Publishing Group female
Matthew D. Ellis Chief Financial Officer male
Michael Nash Executive Vice President & Chief Digital Officer male
Philippe Flageul Executive Vice President & Controller male
Timothy Xu Chairman & Chief Executive Officer of Universal Music Greater China male
Will Tanous Executive Vice President & Chief Administrative Officer male
Eric Hutcherson Executive Vice President and Chief People & Inclusion Officer male
Jeffrey Harleston General Counsel and Executive Vice President of Business & Legal Affairs male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits