Competitors Are Cheaper and Offer More Content Than NetflixWhen Netflix first pushed into original content in 2013, it had a significant first-mover advantage. For the same $12.99 monthly price as Netflix, consumers can get a bundle of Hulu, Disney+, and ESPN+. The steady loss of licensed content means Netflix no longer has a larger content library than its peers. Subscriber Growth Is Already SlowingNetflix is already struggling to maintain its growth before these new competitors launch. Implied NOPAT Growth: NFLX vs. DISNFLX Valuation Implied NOPAT Growth New Constructs, LLCThe stock price still implies that Netflix can grow at an exponential rate over the long-term, even though subscriber growth is already plateauing.

Source: Forbes October 14, 2019 13:07 UTC