Company Valuation: Arista Networks, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,172 37,081 73,267 139,241 165,004 265,488 - -
Change - -16.05% 97.59% 90.05% 18.5% 60.9% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 250,074 245,266 240,981
Change - -16.45% 100.42% 91.82% 17.81% 62.11% -1.92% -1.75%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 55.4x 43.5x 34.8x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 15.5x 11.8x 8.96x
PEG - 0.5x 0.7x 1.4x 2x 1.5x 1.6x 1.4x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 21x 16.4x 13.5x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 19.7x 15.2x 12.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 39.6x 29.8x 24.3x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 40.5x 30.8x 24.6x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 43.9x 36.8x 31x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.28% 2.72% 3.23%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.797 4.844 6.056
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 12,668 16,157 19,646
EBITDA 1 1,191 1,859 2,674 3,389 4,410 6,311 8,224 9,902
EBIT 1 1,141 1,796 2,603 3,327 4,337 6,173 7,954 9,796
Net income 1 840.9 1,352 2,087 2,852 3,511 4,872 6,083 7,345
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,413 -20,222 -24,507
Reference price 2 35.94 30.34 58.88 110.53 131.03 210.50 210.50 210.50
Nbr of stocks (in thousands) 1,229,134 1,222,290 1,244,401 1,259,760 1,259,285 1,261,225 - -
Announcement Date 14/02/22 13/02/23 12/02/24 18/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.11x7.96x20.55x1.34% 488B
55.44x19.74x39.62x-.--% 265B
22.11x0.88x15.87x2.09% 193B
32.38x10.18x25.06x0.34% 160B
34.07x6.59x18.82x0.99% 77.74B
188.79x27.66x81.09x-.--% 82.62B
30.97x7.03x23.52x1.33% 59.78B
83.01x9.67x44.63x-.--% 61.16B
43.07x2.28x14.83x1.67% 58.22B
Average 58.66x 10.22x 31.56x 0.86% 160.7B
Weighted average by Cap. 48.71x 10.28x 28.20x 0.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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