NasdaqGS:NFLXEntertainment
Can Netflix (NFLX) Still Trade Below Fair Value After Revenue Guidance?
Netflix stock has fallen sharply over the past year. However, on current checks it still screens as cheap, with both earnings multiples and an intrinsic value estimate pointing to more value than the market is currently pricing in.
Over the past 3 years, Netflix has delivered a 60.6% gain, which suggests the longer term story has rewarded investors even though recent returns have been weak.
New revenue streams from advertising and live sports can support the cash flow outlook. At the same...