Universal Music Group Future Growth

Future criteria checks 3/6

Universal Music Group is forecast to grow earnings and revenue by 6.5% and 6.1% per annum respectively. EPS is expected to grow by 5.8% per annum. Return on equity is forecast to be 35.3% in 3 years.

Key information

6.5%

Earnings growth rate

5.8%

EPS growth rate

Entertainment earnings growth	41.2%
Revenue growth rate	6.1%
Future return on equity	35.3%
Analyst coverage	Good
Last updated	04 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

LSE:0UMG - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	13,202	1,797	1,934	2,397	16
12/31/2025	12,438	1,536	1,678	2,152	17
12/31/2024	11,669	1,449	976	1,744	18
6/30/2024	11,486	1,548	1,489	1,627	N/A
3/31/2024	11,297	1,404	1,627	1,756	N/A
12/31/2023	11,108	1,259	1,764	1,885	N/A
9/30/2023	10,931	1,213	1,706	1,819	N/A
6/30/2023	10,754	1,166	1,647	1,753	N/A
3/31/2023	10,547	974	1,643	1,743	N/A
12/31/2022	10,340	782	1,639	1,732	N/A
9/30/2022	9,874	729	1,411	1,497	N/A
6/30/2022	9,407	675	1,183	1,262	N/A
3/31/2022	9,062	872	1,421	1,491	N/A
12/31/2021	8,504	886	1,079	1,140	N/A
9/30/2021	8,154	985	1,115	1,171	N/A
6/30/2021	7,804	1,083	1,150	1,202	N/A
3/31/2021	7,472	1,412	83	140	N/A
12/31/2020	7,432	1,366	860	926	N/A
12/31/2019	7,159	972	610	685	N/A
1/1/2019	6,023	897	637	747	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0UMG's forecast earnings growth (6.5% per year) is above the savings rate (2.1%).

Earnings vs Market: 0UMG's earnings (6.5% per year) are forecast to grow slower than the UK market (14.7% per year).

High Growth Earnings: 0UMG's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0UMG's revenue (6.1% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: 0UMG's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 0UMG's Return on Equity is forecast to be high in 3 years time (35.3%)

Universal Music Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

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.

Investor sentiment deteriorates as stock falls 25%

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

Now 21% overvalued

Now 20% overvalued

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., Annual General Meeting, May 16, 2024

Now 21% overvalued after recent price rise

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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