(21.08.2019, 20:46)Ventura schrieb: Yes!NFLX
Das ist nur ein Spass - Trade.Vielleicht lege ich och nach?
Ist aber logischßZahlen grotten schlecht und AT&T , Disney, AMZ laden gerade durch.
NFLX ist auch so ein Zombie, wie Tesla.
Tesla hat aber noch zu viel Blut in den Adern.
KGV>100
https://articles2.marketrealist.com/2019/08/netflix-losing-edge-stock-slides/?utm_source=yahoo&utm_medium=feed&yptr=yahoo
The problem with NFLX is not just upcoming competition, it is their business model.
Think about a library that has 1000 books and 1000 customers. Now imagine if they doubled their customer base to 2000, but had to also double their content to 2000 books This means that their new customers aren't reading (watching) the old content. It is great for customers, but not sustainable. If you look at the growth in NFLX's available content ("Licensed content, net" + "Produced content, net: Released, less amortization"), you'll see that this is how they grew.
NFLX is a large, market-dominating company. They have ~150M subs, with a library of ~$15B. This means that on content alone -not counting marketing, management, etc. - NFLX spends ~$100/sub on content annually, or $12/month/sub. They had quarterly revenues of $4.8B, which works out to $11/month/sub.
$11 < $12, and the math doesn't get prettier when you factor in SG&A costs.
The only reason that this stock is not sub-$100 is because (a) the product/service itself is excellent and (b) 99.9% of people do not have any clue on how to value a company.
Again, slowing growth and competition is not the problem, but it *will* serve to shine a flashlight into the inner financials. Volume on NFLX has been falling year-to-year. This means that this is becoming less of a big-name, so you won't be able to count on market mania to continue to prop it up.
https://finance.yahoo.com/quote/NFLX/community?p=NFLX
