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 73,267 139,241 165,004 201,460 - -
Change - -16.05% 97.59% 90.05% 18.5% 22.09% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 186,317 182,235 178,791
Change - -16.45% 100.42% 91.82% 17.81% 20.78% -2.19% -1.89%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 47.5x 38.2x 30.4x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 12.2x 9.5x 7.02x
PEG - 0.5x 0.7x 1.4x 2x 2.1x 1.6x 1.2x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 17.4x 14.1x 11.6x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 16.1x 12.7x 10.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 33.6x 26.5x 21.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 34.3x 26.8x 21.6x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 36.3x 32.6x 28.1x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.75% 3.07% 3.56%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.368 4.186 5.258
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 11,594 14,339 17,315
EBITDA 1 1,191 1,859 2,674 3,389 4,410 5,538 6,875 8,332
EBIT 1 1,141 1,796 2,603 3,327 4,337 5,438 6,800 8,274
Net income 1 840.9 1,352 2,087 2,852 3,511 4,286 5,249 6,290
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,143 -19,224 -22,669
Reference price 2 35.94 30.34 58.88 110.53 131.03 159.99 159.99 159.99
Nbr of stocks (in thousands) 1,229,134 1,222,290 1,244,401 1,259,760 1,259,285 1,259,203 - -
Announcement Date 14/2/22 13/2/23 12/2/24 18/2/25 12/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
49.47x16.79x35.15x-.--% 210B
36.13x7.53x19.44x1.42% 461B
22.85x0.95x16.62x1.94% 204B
45.44x14.15x35.63x0.24% 201B
45.28x2.91x18.92x1.32% 72.73B
31.58x5.98x17.52x1.13% 69.54B
88.85x10.35x47.77x-.--% 65.46B
162.2x20.88x61.31x-.--% 62.33B
19.37x2.71x12.81x3.15% 45.9B
25.07x5.41x18.72x1.74% 45.83B
Average 52.62x 8.77x 28.39x 1.09% 143.8B
Weighted average by Cap. 44.71x 9.05x 26.34x 1.04%

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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