Ross Griffiths' Contributor Page |
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I am a CFA charterholder currently employed as a Senior Performance Analyst at a global asset manager. I am experienced in analyzing portfolios and fund managers across asset classes, assessing portfolio composition, risk and performance. I have a particular interest in fundamental analysis and corporate valuation, and hope to use my quantitative and analytical skills to progress to an investment analysis role.
Contributor Number: 119 |
Ross' Models
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Netflix Inc
Last Updated: August 11, 2017 View on Netflix: Sell Price Target: $142 Modeling Approach: This model breaks-down Netflix’ earnings into three segments: Domestic Streaming, International Streaming, and DVD. For each segment we estimate the growth in users and revenue per user. |
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Ross' Articles
Netflix, Inc. Q2 Results & Model Update
Netflix (NASDAQ:NFLX) reported Q2 2017 results that beat management guidance and analyst estimates on subscriber growth, with revenue and earnings broadly in line with consensus estimates. Following the announcement, I remain optimistic on the company’s prospects, but maintain the view that the company’s stock appears overvalued. Q2 results were well-received by the market and the company’s stock rose to $183 in post-market trading. Given its elevated valuation, $171.40 at the time of writing, I am downgrading the stock to a SELL with a target price of $142 based on a DCF valuation and a multiple of 20X 2021 EPS... Click here to continue reading
Netflix (NASDAQ:NFLX) reported Q2 2017 results that beat management guidance and analyst estimates on subscriber growth, with revenue and earnings broadly in line with consensus estimates. Following the announcement, I remain optimistic on the company’s prospects, but maintain the view that the company’s stock appears overvalued. Q2 results were well-received by the market and the company’s stock rose to $183 in post-market trading. Given its elevated valuation, $171.40 at the time of writing, I am downgrading the stock to a SELL with a target price of $142 based on a DCF valuation and a multiple of 20X 2021 EPS... Click here to continue reading
Netflix Full Year 2016 Results & Model Update
Netflix (NASDAQ:NFLX) reported 2016 results that far exceeded management guidance and consensus estimates of membership, revenue and margin growth. Following the announcement I am maintaining a HOLD rating, but raising the target price to $136, based on 10x 2021 earnings and supported by a DCF valuation...Click here to continue reading
Netflix (NASDAQ:NFLX) reported 2016 results that far exceeded management guidance and consensus estimates of membership, revenue and margin growth. Following the announcement I am maintaining a HOLD rating, but raising the target price to $136, based on 10x 2021 earnings and supported by a DCF valuation...Click here to continue reading
Netflix Full Year 2016 Results Outlook
Netflix (NASDAQ:NFLX) reports its 4th quarter 2016 results on Wednesday with consensus estimates for subscription growth (Domestic and International) in line with management guidance of 1.45m and 3.75m respectively. As ever with subscription revenue models, the company’s ability to meet and exceed market expectations for subscription growth will underpin the short-term reaction, particularly given the volatility in quarterly net additions Netflix has posted in recent quarterly briefings...Click here to continue reading
Netflix (NASDAQ:NFLX) reports its 4th quarter 2016 results on Wednesday with consensus estimates for subscription growth (Domestic and International) in line with management guidance of 1.45m and 3.75m respectively. As ever with subscription revenue models, the company’s ability to meet and exceed market expectations for subscription growth will underpin the short-term reaction, particularly given the volatility in quarterly net additions Netflix has posted in recent quarterly briefings...Click here to continue reading
Netflix Coverage Initiation Report
Having launched in more than 130 new countries, Netflix is now a global provider of subscription video on-demand (SVOD) services. Management is pursuing a strategy of aggressive international growth with operations now reaching over 190 countries, and an expanding content budget expected to reach $6B in 2017. The business faces key challenges in achieving international subscriber growth, however, recent results in new markets have been encouraging. Netflix is already a market leader in providing original content at a lower cost to the end user, and the business will likely have sufficient flexibility in its model to meet short-term challenges, as well as scope for further capital raising, being currently underleveraged relative to its peers...Click here to continue reading
Having launched in more than 130 new countries, Netflix is now a global provider of subscription video on-demand (SVOD) services. Management is pursuing a strategy of aggressive international growth with operations now reaching over 190 countries, and an expanding content budget expected to reach $6B in 2017. The business faces key challenges in achieving international subscriber growth, however, recent results in new markets have been encouraging. Netflix is already a market leader in providing original content at a lower cost to the end user, and the business will likely have sufficient flexibility in its model to meet short-term challenges, as well as scope for further capital raising, being currently underleveraged relative to its peers...Click here to continue reading