Is Netflix (NFLX) Undervalued? Back at Its 2021 Price, With 2.4 Times the Earnings
Is Netflix undervalued? The shares are back where they were in October 2021. Since mid-2022, revenue is up 56%, underlying earnings per share are up 2.4 times, and buybacks now exceed underlying free cash flow. Here is what the filings show, what the market may be worried about, why we think the shares are undervalued, and what could prove us wrong.