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Warner Music Group (WMG)

(Delayed Data from NSDQ)

$32.40 USD

32.40
1,131,111

+0.85 (2.69%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $32.42 +0.02 (0.06%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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4-Sell of 5       4  

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value A Growth B Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (43 out of 252)

Industry: Film and Television Production and Distribution

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Balance Sheet

Research for WMG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Warner Music Group Corp falls in the month of September.

All items in Millions except Per Share data.

9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Assets          
Cash & Equivalents 641 584 499 553 619
Receivables 1,120 984 839 771 775
Notes Receivable 0 0 0 0 0
Inventories 126 108 99 79 74
Other Current Assets 515 463 459 275 223
Total Current Assets 2,402 2,139 1,896 1,678 1,691
Net Property & Equipment 458 415 364 331 300
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 32 29 31 68 38
Intangibles 4,495 4,304 4,001 3,638 3,635
Deposits & Other Assets 913 715 651 422 353
Total Assets 8,545 7,828 7,211 6,410 6,017
Liabilities & Shareholders Equity 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Notes Payable 0 0 0 0 0
Accounts Payable 300 268 302 264 260
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 2,770 2,392 2,355 2,040 2,093
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 428 668 450 377 466
Total Current Liabilities 3,539 3,368 3,150 2,720 2,819
Mortgages 0 0 0 0 0
Deferred Taxes/Income 216 220 207 163 172
Convertible Debt 0 0 0 0 0
Long-Term Debt 3,964 3,732 3,346 3,104 2,974
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 141 99 175 169 321
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 8,115 7,660 7,165 6,455 6,286
Shareholders Equity 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 2,015 1,975 1,942 1,907 1,128
Retained Earnings -1,387 -1,477 -1,710 -1,749 -1,177
Other Equity -199 -331 -187 -204 -220
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 430 168 46 -45 -269
Total Liabilities & Shareholder's Equity 8,545 7,828 7,211 6,410 6,017
Total Common Equity 430 168 46 -45 -269
Shares Outstanding 516.00 514.80 514.30 510.00 NA
Book Value Per Share 0.83 0.33 0.09 -0.09 0.00

Fiscal Year End for Warner Music Group Corp falls in the month of September.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 754 641 600 601
Receivables NA 1,195 1,120 1,113 1,017
Notes Receivable NA 0 0 0 0
Inventories NA 106 126 116 114
Other Current Assets NA 561 515 488 480
Total Current Assets NA 2,616 2,402 2,317 2,212
Net Property & Equipment NA 466 458 454 440
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 31 32 27 28
Intangibles NA 4,556 4,495 4,307 4,342
Deposits & Other Assets NA 1,080 913 793 755
Total Assets NA 8,991 8,545 8,150 8,010
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 246 300 249 282
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 3,027 2,770 2,690 2,485
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 429 428 310 379
Total Current Liabilities NA 3,745 3,539 3,290 3,187
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 223 216 205 220
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 4,004 3,964 3,988 3,986
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 141 104 104
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 8,375 8,115 7,851 7,744
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1 1 1 1
Capital Surplus NA 2,039 2,015 2,007 2,000
Retained Earnings NA -1,317 -1,387 -1,450 -1,488
Other Equity NA -107 -199 -259 -247
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 616 430 299 266
Total Liabilities & Shareholder's Equity NA 8,991 8,545 8,150 8,010
Total Common Equity 0 616 430 299 266
Shares Outstanding 517.80 517.70 516.00 515.90 515.90
Book Value Per Share 0.00 1.19 0.83 0.58 0.52