Company Valuation: F5, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 11,989 8,620 9,557 12,834 18,566 15,482 - -
Change - -28.1% 10.86% 34.3% 44.66% -16.61% - -
Enterprise Value (EV) 1 11,447 7,736 8,753 11,371 17,222 13,833 13,309 12,720
Change - -32.42% 13.15% 29.9% 51.46% -19.68% -3.79% -4.43%
P/E ratio 37.2x 27.5x 24.6x 23.1x 27.4x 23.5x 22.1x 19.8x
PBR 5.11x 3.51x 3.47x 4.17x 5.23x 4.02x 3.52x 3.23x
PEG - -20.98x 1x 0.5x 1.2x -18.49x 3.47x 1.7x
Capitalization / Revenue 4.6x 3.2x 3.4x 4.56x 6.01x 4.73x 4.58x 4.48x
EV / Revenue 4.39x 2.87x 3.11x 4.04x 5.58x 4.23x 3.94x 3.68x
EV / EBITDA 12.2x 8.65x 9.1x 10.8x 14.6x 11x 10.1x 9.01x
EV / EBIT 13.9x 9.94x 10.3x 12x 15.9x 12.2x 11.3x 10.4x
EV / FCF 18.6x 18.9x 14.6x 14.9x 19x 16.4x 13.8x 13.1x
FCF Yield 5.37% 5.29% 6.85% 6.7% 5.26% 6.1% 7.23% 7.61%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.34 5.27 6.55 9.55 11.8 11.65 12.39 13.82
Distribution rate - - - - - - - -
Net sales 1 2,605 2,696 2,813 2,816 3,088 3,270 3,379 3,453
EBITDA 1 937.6 893.9 962.4 1,053 1,179 1,258 1,322 1,411
EBIT 1 822.2 778.3 849.7 945.5 1,086 1,134 1,177 1,221
Net income 1 331.2 322.2 394.9 566.8 692.4 661 689.6 737.7
Net Debt 1 -541.6 -884.6 -803.3 -1,464 -1,344 -1,650 -2,173 -2,762
Reference price 2 198.78 144.73 161.14 220.20 323.19 273.93 273.93 273.93
Nbr of stocks (in thousands) 60,312 59,562 59,306 58,284 57,447 56,519 - -
Announcement Date 26/10/21 25/10/22 24/10/23 28/10/24 27/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.49x4.02x10.46x-.--% 14.81B
28.91x4.26x15.21x2.58% 243B
16.5x1.77x9.43x2.93% 137B
19.66x3.61x13.28x4.41% 110B
19.13x3.28x11.23x3.08% 84.54B
19.9x2.97x12.62x3.58% 61.89B
-43.9x12.16x89.2x-.--% 59.17B
18.09x4.56x11.39x3.25% 50.55B
16.05x1.81x12.24x0.75% 45.7B
23.22x2.88x13.78x3.74% 44.08B
Average 14.00x 4.13x 19.88x 2.43% 84.98B
Weighted average by Cap. 17.28x 3.94x 18.05x 2.77%

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