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 73,267 139,241 165,004 246,809 - -
Change - -16.05% 97.59% 90.05% 18.5% 49.58% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 231,396 226,587 222,302
Change - -16.45% 100.42% 91.82% 17.81% 50% -2.08% -1.89%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 51.6x 40.5x 32.6x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 14.4x 10.9x 8.35x
PEG - 0.5x 0.7x 1.4x 2x 1.4x 1.5x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 19.5x 15.3x 12.6x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 18.3x 14x 11.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 36.7x 27.6x 22.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 37.5x 28.5x 22.7x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 40.6x 34x 28.6x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.46% 2.94% 3.5%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.792 4.83 6.012
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 12,666 16,156 19,648
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 4,865 6,078 7,333
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 58.88 110.53 131.03 195.69 195.69 195.69
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.($)
33.82x7.08x18.3x1.51% 433B
51.45x18.24x36.6x-.--% 246B
21.59x0.87x15.49x2.15% 189B
27.71x9.14x22.08x0.46% 150B
35.27x6.81x19.47x0.96% 80.43B
42.37x12.52x28.28x-.--% 80.28B
43.31x2.29x14.91x1.66% 58.86B
28.49x6.44x21.54x1.45% 55B
72.52x8.46x38.98x-.--% 53.57B
Average 39.61x 7.98x 23.96x 0.91% 149.58B
Weighted average by Cap. 36.99x 8.61x 23.15x 1.03%

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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