Universal Music Group (UMG) Stock Overview

Operates as a music company worldwide. More details

UMG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 48% below our estimate of its fair value

Earnings are forecast to grow 27.26% per year

Risk Analysis

Volatile share price over the past 3 months compared to the Austrian market

Profit margins (2.5%) are lower than last year (21.4%)

Has a high level of debt

Dividend of 3.68% is not well covered by earnings

UMG Community Fair Values

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Universal Music Group N.V. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Universal Music Group
Historical stock prices
Current Share Price	€14.23
52 Week High	€25.28
52 Week Low	€14.11
Beta	0.78
1 Month Change	-8.19%
3 Month Change	-19.08%
1 Year Change	-43.01%
3 Year Change	-39.58%
5 Year Change	n/a
Change since IPO	-40.22%

Recent updates

Shareholder Returns

	UMG	AT Entertainment	AT Market
7D	-0.4%	0%	0%
1Y	-43.0%	0%	0%

Return vs Industry: UMG underperformed the Austrian Entertainment industry which returned -31.2% over the past year.

Return vs Market: UMG underperformed the Austrian Market which returned 37.3% over the past year.

Price Volatility

Is UMG's price volatile compared to industry and market?
UMG volatility
UMG Average Weekly Movement	7.5%
Entertainment Industry Average Movement	0%
Market Average Movement	0%
10% most volatile stocks in AT Market	0%
10% least volatile stocks in AT Market	0%

Stable Share Price: UMG's share price has been volatile over the past 3 months compared to the Austrian market.

Volatility Over Time: UMG's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Austrian stocks.

About the Company

Founded	Employees	CEO	Website
2020	9,636	Lucian Grainge	www.universalmusic.com

Universal Music Group N.V. operates as a music company worldwide. The company operates through Recorded Music, Music Publishing, and Merchandising & Other segments. Its Recorded Music segment discovers and develops recording artists, as well as licenses, markets, promotes, distributes, and sells their music across various formats and platforms; and engages in the live events, sponsorship, film, and television operations.

Universal Music Group N.V. Fundamentals Summary

How do Universal Music Group's earnings and revenue compare to its market cap?
UMG fundamental statistics
Market cap	€25.60b
Earnings (TTM)	€323.00m
Revenue (TTM)	€12.82b

79.3x

P/E Ratio

2.0x

P/S Ratio

Is UMG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
UMG income statement (TTM)
Revenue	€12.82b
Cost of Revenue	€7.48b
Gross Profit	€5.34b
Other Expenses	€5.02b
Earnings	€323.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.18
Gross Margin	41.68%
Net Profit Margin	2.52%
Debt/Equity Ratio	126.6%

How did UMG perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

159%

Payout Ratio

Does UMG pay a reliable dividends?

See UMG dividend history and benchmarks

When do you need to buy UMG by to receive an upcoming dividend?
Universal Music Group dividend dates
Ex Dividend Date	Oct 05 2026
Dividend Pay Date	Oct 27 2026
Days until Ex dividend	25 days
Days until Dividend pay date	47 days

Does UMG pay a reliable dividends?

See UMG dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/09 00:35
End of Day Share Price	2026/09/09 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Universal Music Group N.V. is covered by 30 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
JULIEN ROCH	Barclays
Christophe Cherblanc	Bernstein
William Packer	BNP Paribas

Universal Music Group (UMG) Stock Overview

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Risk Analysis

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Universal Music Group N.V. Competitors

Formula One Group

Roku

Warner Music Group

Tencent Music Entertainment Group

Price History & Performance

Recent News & Updates

First half dividend of €0.24 announced

Universal Music Group N.V. Declares Interim Dividend for First Half Ended June 30, 2026, Payable on October 27, 2026

Universal Music Group N.V. to Report Q2, 2026 Results on Jul 30, 2026

Pershing Square Capital Management, L.P. cancelled the acquisition of remaining 90% stake in Universal Music Group N.V. (ENXTAM:UMG) from Bolloré SE (ENXTPA:BOL), Vivendi SE (ENXTPA:VIV) and others.

Universal Music Group N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026

Upcoming dividend of €0.28 per share

Recent updates

First half dividend of €0.24 announced

Universal Music Group N.V. Declares Interim Dividend for First Half Ended June 30, 2026, Payable on October 27, 2026

Universal Music Group N.V. to Report Q2, 2026 Results on Jul 30, 2026

Pershing Square Capital Management, L.P. cancelled the acquisition of remaining 90% stake in Universal Music Group N.V. (ENXTAM:UMG) from Bolloré SE (ENXTPA:BOL), Vivendi SE (ENXTPA:VIV) and others.

Universal Music Group N.V. Approves Final Dividend for the Financial Year 2025, Payable on June 12, 2026

Upcoming dividend of €0.28 per share

Now 21% undervalued after recent price drop

Final dividend of €0.28 announced

Pershing Square Capital Management, L.P. signed a a non-binding proposal to acquire remaining 90% stake in Universal Music Group N.V. (ENXTAM:UMG) from Bolloré SE (ENXTPA:BOL), Vivendi SE (ENXTPA:VIV) and other shareholders for €50.2 billion.

New minor risk - Share price stability

Now 23% overvalued

Universal Music Group N.V. to Report Q1, 2026 Results on Apr 29, 2026

Universal Music Group N.V., Annual General Meeting, May 13, 2026

Now 22% undervalued after recent price drop

Full year 2025 earnings released: EPS: €0.84 (vs €1.14 in FY 2024)

Universal Music Group N.V. to Report Fiscal Year 2025 Final Results on Mar 26, 2026

Universal Music Group N.V. to Report Q4, 2025 Results on Mar 05, 2026

Universal Music Group N.V. to Report Q3, 2025 Results on Oct 30, 2025

First half dividend of €0.24 announced

First half dividend of €0.24 announced

First half 2025 earnings released: EPS: €0.78 (vs €0.50 in 1H 2024)

Universal Music Group N.V. Declares Interim Dividend for the First Half Ended June 30, 2025, Payable on October 28, 2025

New major risk - Revenue and earnings growth

Universal Music Group N.V. Announces Resignation of Cyrille Bolloré from Board of Directors

Universal Music Group N.V. to Report Q2, 2025 Results on Jul 31, 2025

New minor risk - Dividend sustainability

Final dividend increased to €0.28

Universal Music Group N.V. Approves the Proposal to Adopt A Final Dividend, Payable on June 13, 2025

Universal Music Group N.V. Announces CFO Changes

Universal Music Group N.V. to Report Q1, 2025 Results on Apr 29, 2025

Full year 2024 earnings released: EPS: €1.14 (vs €0.69 in FY 2023)

Universal Music Group N.V., Annual General Meeting, May 14, 2025

Manning Doherty to Retire as Non-Executive Director of Universal Music Group N.V., Effective from March 21, 2025

Now 20% overvalued after recent price rise

Universal Music Group N.V. to Report Q4, 2024 Results on Mar 06, 2025

Universal Music Group N.V. (ENXTAM:UMG) acquired remaining 51% stake in Pias UK Limited from Kenny Gates and Michel Lambot.

Universal Music Group N.V. to Report Q3, 2024 Results on Oct 31, 2024

First half dividend of €0.24 announced

Universal Music Group N.V. (ENXTAM:UMG) agreed to acquire 30% stake in RS UMG Company Limited from RS Music Company Limited for approximately THB 670 million.

Now 22% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 24%

First half 2024 earnings released: EPS: €0.50 (vs €0.34 in 1H 2023)

Universal Music Group N.V. to Report Q2, 2024 Results on Jul 24, 2024

Universal Music Group N.V. Approves to Adopt A Final Dividend, Payable on June 11, 2024

Upcoming dividend of €0.27 per share

Final dividend of €0.27 announced

Full year 2023 earnings released: EPS: €0.69 (vs €0.43 in FY 2022)

Universal Music Group N.V. to Report Q1, 2024 Results on May 02, 2024

Full year 2023 earnings released: EPS: €0.69 (vs €0.43 in FY 2022)

Universal Music Group N.V. (ENXTAM:UMG) agreed to acquire an unknown majority stake in Mavin Records Limited from TPG Capital, L.P.

Universal Music Group N.V. (ENXTAM:UMG) and Dundee Partners LLP agreed to acquire an unknown majority stake in Chord Music Partners, L.P. from KKR & Co. Inc. (NYSE:KKR).

Universal Music Group N.V. to Report Q4, 2023 Results on Feb 28, 2024

Board Member recently bought €6.1m worth of stock

Universal Music Group N.V. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of €0.24 per share at 2.1% yield

Universal Music Group N.V. Announces Resignation of Anna Jones from its Board of Directors, Effective September 30, 2023

Universal Music Group N.V. (ENXTAM:UMG) entered into an agreement to acquire Chabaka.

First half 2023 earnings released: EPS: €0.34 (vs €0.13 in 1H 2022)

Universal Music Group N.V. Announces Interim Dividend for 2023

Universal Music Group N.V. to Report Q2, 2023 Results on Jul 26, 2023

Universal Music Group N.V. Appoints Haim Saban as Non-Executive Director

Full year 2022 earnings released: EPS: €0.43 (vs €0.49 in FY 2021)