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 73,267 139,241 165,004 237,930 - -
Change - -16.05% 97.59% 90.05% 18.5% 44.2% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 222,517 217,708 213,423
Change - -16.45% 100.42% 91.82% 17.81% 44.25% -2.16% -1.97%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 49.7x 38.9x 31.2x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 13.9x 10.5x 8.03x
PEG - 0.5x 0.7x 1.4x 2x 1.3x 1.4x 1.2x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 18.8x 14.7x 12.1x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17.6x 13.5x 10.9x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 35.3x 26.5x 21.6x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 36x 27.4x 21.8x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 39.1x 32.7x 27.4x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.56% 3.06% 3.65%
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 58.88 110.53 131.03 188.65 188.65 188.65
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
49.68x17.57x35.26x-.--% 238B
34.16x7.15x18.48x1.49% 438B
21.18x0.85x15.19x2.19% 185B
33.16x10.43x25.69x0.34% 164B
41.03x12.12x27.41x-.--% 77.74B
34.84x6.73x19.21x0.97% 79.51B
41.86x2.21x14.38x1.72% 57.23B
29.46x6.67x22.31x1.4% 56.86B
75.84x8.86x40.85x-.--% 56.03B
17.51x2.72x11.68x4.2% 46.9B
Average 37.87x 7.53x 23.05x 1.23% 139.97B
Weighted average by Cap. 36.62x 8.42x 22.93x 1.12%

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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