Netflix Plunges 5.8% While Nasdaq Drops 0.2%; GF Value Flags Undervaluation
NFLX•Netflix shares plunged 5.8% on June 22, lagging the 0.2% Nasdaq decline during a wider tech selloff triggered by SpaceX’s bond debut. GF Value’s model now flags Netflix as undervalued versus its five-year median P/E and free cash flow yields.
1. June 22 Selloff
On June 22, Netflix shares tumbled 5.8%, underperforming the Nasdaq 100’s 0.2% decline as a sector-wide tech downturn weighed on streaming names. The selloff followed a 16% drop in SpaceX shares after its first bond offering, heightening volatility across technology stocks.
2. Valuation Update
GF Value’s proprietary model benchmarks Netflix’s current P/E ratio and free cash flow yields against its five-year medians. After the latest decline, the model now rates Netflix shares as undervalued, suggesting potential upside based on historic valuation levels.
