Universal Music Group: Strong Growth Tailwinds And Competitive Advantage

I am positive on Universal Music Group (OTCPK:UMGNF). My summarized thesis is that UMGNF can grow at high-single-digit for the foreseeable future, driven by strong secular tailwinds within the music industry and supported by strong competitive advantages. UMG Solid Growth Momentum Valuation I believe UMGNF is worth more than the current share price. My target price is based on FY27 ~EUR2.3 billion and a forward PE multiple of 26.6x. Investment Risk Conclusion Summary UMGNF is a musical label company that op ...