Company Valuation: Axon Enterprise, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 10,749 11,808 19,358 45,320 45,115 30,549 - -
Change - 9.85% 63.93% 134.12% -0.45% -32.29% - -
Enterprise Value (EV) 1 10,306 10,834 18,714 45,014 43,462 30,859 30,011 28,893
Change - 5.12% 72.74% 140.53% -3.45% -29% -2.75% -3.73%
P/E ratio -173x 81.7x 112x 124x 376x 227x 96x 46.5x
PBR 10.6x 9.35x 12.1x 19.6x 14x 7.77x 6.31x 5.2x
PEG - -0x 8.1x 1x -5.5x 20.3x 1x 0x
Capitalization / Revenue 12.5x 9.92x 12.4x 21.8x 16.2x 8.51x 6.59x 5.05x
EV / Revenue 11.9x 9.1x 12x 21.6x 15.6x 8.6x 6.48x 4.78x
EV / EBITDA 57.9x 46.6x 56.8x 86.3x 61.2x 33.8x 24.1x 17.1x
EV / EBIT -61.3x 116x 121x 769x -700x 188x 65.8x 44.5x
EV / FCF 138x 60.3x 144x 137x 579x 67.4x 41.2x 29.9x
FCF Yield 0.72% 1.66% 0.69% 0.73% 0.17% 1.48% 2.43% 3.35%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.91 2.03 2.31 4.8 1.51 1.679 3.967 8.191
Distribution rate - - - - - - - -
Net sales 1 863.4 1,190 1,563 2,083 2,780 3,589 4,633 6,046
EBITDA 1 178.1 232.3 329.3 521.4 710.2 914.1 1,247 1,688
EBIT 1 -168.1 93.25 154.8 58.54 -62.08 164.3 456 649.2
Net income 1 -60.02 147.1 174.2 377 124.7 165.2 363.4 571.8
Net Debt 1 -443 -974.7 -643.4 -306.1 -1,653 309.8 -538.3 -1,656
Reference price 2 157.00 165.93 258.33 594.32 567.93 380.86 380.86 380.86
Nbr of stocks (in thousands) 68,468 71,165 74,934 76,255 79,437 80,212 - -
Announcement Date 24/2/22 28/2/23 27/2/24 25/2/25 24/2/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.33x6.92x28.83x0.56% 326B
35.64x3.19x18.93x1.44% 271B
34.22x4.55x20.89x0.97% 142B
24.35x2.41x17.09x1.43% 96.77B
20.9x1.75x14.4x1.85% 92.15B
28.7x2.18x15.57x1.76% 90.28B
41.44x4.75x20.82x1.06% 81.21B
31.1x3.19x17.46x1.4% 66.86B
34.86x2.75x15.86x0.33% 52.95B
Average 32.06x 3.52x 18.87x 1.2% 135.41B
Weighted average by Cap. 33.51x 4.19x 20.98x 1.13%

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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