Company Valuation: Cloudflare, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 42,310 14,857 27,956 36,955 69,058 69,831 - -
Change - -64.88% 88.17% 32.19% 86.87% 1.12% - -
Enterprise Value (EV) 1 41,647 14,643 27,566 36,562 67,184 68,464 67,966 66,977
Change - -64.84% 88.25% 32.64% 83.75% 1.91% -0.73% -1.46%
P/E ratio -158x -76.6x -151x -468x -680x -656x -2,144x 2,116x
PBR 52.4x 85.5x 36.8x 35.5x 47.5x 38x 32.5x 22x
PEG - 2.6x 22.27x 8x -26.1x -171.39x 30.9x -11x
Capitalization / Revenue 64.5x 15.2x 21.6x 22.1x 31.9x 24.8x 19.5x 15.3x
EV / Revenue 63.4x 15x 21.3x 21.9x 31x 24.4x 19x 14.7x
EV / EBITDA 699x 106x 107x 102x 136x 104x 76.6x 52.8x
EV / EBIT -5,929x 410x 226x 159x 221x 162x 115x 81.1x
EV / FCF -967x -368x 197x 219x 258x 187x 131x 87.8x
FCF Yield -0.1% -0.27% 0.51% 0.46% 0.39% 0.54% 0.76% 1.14%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.83 -0.59 -0.55 -0.23 -0.29 -0.3011 -0.0922 0.0934
Distribution rate - - - - - - - -
Net sales 1 656.4 975.2 1,297 1,670 2,168 2,812 3,586 4,549
EBITDA 1 59.58 138 257.8 357.8 493.6 660.4 887.6 1,269
EBIT 1 -7.024 35.68 122 230.1 303.9 421.4 591.5 826.2
Net income 1 -260.3 -193.4 -183.9 -78.8 -102.3 -103.5 -17.2 90.51
Net Debt 1 -662.8 -213.7 -390.4 -392.7 -1,874 -1,367 -1,864 -2,853
Reference price 2 131.50 45.21 83.26 107.68 197.15 197.56 197.56 197.56
Nbr of stocks (in thousands) 321,746 328,625 335,772 343,194 350,281 353,466 - -
Announcement Date 10/02/22 09/02/23 08/02/24 06/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-656.13x24.35x103.67x-.--% 69.83B
21.99x2.89x7.33x1% 142B
-23.33x7.92x13.61x-.--% 58.54B
716.96x15.18x39.55x-.--% 16.16B
50.77x4.11x16.97x-.--% 12.48B
61.62x4.97x16.38x-.--% 11.3B
-51.03x170.98x-59.83x - 7.53B
-32.09x2.79x10.17x-.--% 4.61B
14.41x3.13x8.37x-.--% 4.51B
79.94x4.3x20.22x0.31% 4.41B
Average 18.31x 24.06x 17.65x 0.15% 33.13B
Weighted average by Cap. -94.35x 12.86x 29.69x 0.44%

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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  4. Valuation Cloudflare, Inc.