Company Valuation: Radware Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,915 885.6 701.4 946.1 1,046 1,200 - -
Change - -53.76% -20.8% 34.89% 10.59% 14.66% - -
Enterprise Value (EV) 1,627 453.6 337.7 640.8 1,046 1,200 1,200 1,200
Change - -72.13% -25.56% 89.77% 63.27% 14.66% 0% 0%
P/E 260x - -33.4x 161x - - - -
PBR 5.35x - 2.21x 2.65x - - - -
PEG - - - -1x - - - -
Capitalization / Revenue 6.69x 3.02x 2.68x 3.44x 3.47x 3.61x 3.35x 3.09x
EV / Revenue 0x 0x 0x 0x 0x 3.61x 3.35x 3.09x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 27.2x 23.4x -
EV / FCF 0x 0x -0x 0x 0x 27.4x 22.5x 21x
FCF Yield 3.45% 3.86% -1.27% 7.01% 3.97% 3.65% 4.44% 4.75%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.16 - -0.5 0.14 - - - -
Distribution rate - - - - - - - -
Net sales 1 286.5 293.4 261.3 274.9 301.8 332.3 358.6 388
EBITDA 47.21 37.67 17.56 34.68 - - - -
EBIT 1 38.87 29.68 9.289 26.81 39.65 44.14 51.28 -
Net income 7.811 - -21.59 6.038 - - - -
Net Debt -287.9 -432 -363.7 -305.3 - - - -
Reference price 2 41.64 19.75 16.68 22.53 24.09 28.51 28.51 28.51
Nbr of stocks (in thousands) 45,999 44,841 42,051 41,995 43,434 42,082 - -
Announcement Date 09/02/22 08/02/23 07/02/24 12/02/25 10/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
266.7x25.56x78.01x-.--% 296B
1308.6x35.09x117.97x-.--% 214B
53.15x14.25x37.54x-.--% 120B
16.2x4.35x8.64x1.8% 16.73B
-68.39x10.15x266.34x-.--% 17.46B
16.19x3.54x8.69x-.--% 12.8B
-53.31x7.52x38.26x-.--% 10.12B
82.32x5.14x73.53x0.2% 8.11B
76.17x8.04x36.33x - 5.13B
Average 188.63x 12.63x 73.92x 0.25% 77.78B
Weighted average by Cap. 520.94x 24.60x 84.09x 0.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA