Projected Income Statement: Arista Networks, Inc.

Forecast Balance Sheet: Arista Networks, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -13,706 -18,154 -23,172
Change - 11.27% -65.61% -65.79% -29.39% -27.58% -32.45% -27.64%
Announcement Date 14/2/22 13/2/23 12/2/24 18/2/25 12/2/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Arista Networks, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 64.74 44.64 34.43 32.03 119.5 95.93 84.65 84.79
Change - -31.04% -22.87% -6.98% 273.06% -19.72% -11.76% 0.16%
Free Cash Flow (FCF) 1 951.1 448.2 2,000 3,676 4,252 4,871 5,635 6,688
Change - -52.88% 346.17% 83.85% 15.67% 14.54% 15.69% 18.69%
Announcement Date 14/2/22 13/2/23 12/2/24 18/2/25 12/2/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Arista Networks, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 40.41% 42.43% 45.63% 48.39% 48.96% 47.09% 47.85% 47.4%
EBIT Margin (%) 38.7% 41% 44.43% 47.5% 48.16% 46.43% 47.14% 47.27%
EBT Margin (%) 31.58% 36.1% 41.33% 46.62% 47.19% 45.91% 44.83% 46.56%
Net margin (%) 28.52% 30.87% 35.62% 40.73% 38.99% 36.72% 37.12% 37.23%
FCF margin (%) 32.26% 10.23% 34.12% 52.49% 47.22% 42.59% 41.01% 39.71%
FCF / Net Income (%) 113.11% 33.14% 95.8% 128.9% 121.1% 115.99% 110.48% 106.66%

Profitability

        
ROA 17.47% 23.15% 26.31% 21.64% 22.73% 20.59% 20.68% 20.2%
ROE 25.07% 32.68% 36.34% 30.24% 34.03% 30.39% 27.32% 25.89%

Financial Health

        
Leverage (Debt/EBITDA) - - - - - - - -
Debt / Free cash flow - - - - - - - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.2% 1.02% 0.59% 0.46% 1.33% 0.84% 0.62% 0.5%
CAPEX / EBITDA (%) 5.43% 2.4% 1.29% 0.95% 2.71% 1.78% 1.29% 1.06%
CAPEX / FCF (%) 6.81% 9.96% 1.72% 0.87% 2.81% 1.97% 1.5% 1.27%

Items per share

        
Cash flow per share 1 0.7955 0.3893 1.603 2.895 3.427 3.709 4.51 5.945
Change - -51.06% 311.84% 80.53% 18.4% 8.22% 21.6% 31.81%
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 3.233 3.986 5.834 7.956 9.834 13.03 16.93 22.42
Change - 23.29% 46.38% 36.37% 23.6% 32.48% 29.93% 32.44%
EPS 1 0.6575 1.068 1.645 2.23 2.75 3.301 3.999 5.24
Change - 62.36% 54.1% 35.56% 23.32% 20.04% 21.14% 31.04%
Nbr of stocks (in thousands) 1,229,134 1,222,290 1,244,401 1,259,760 1,259,285 1,256,538 1,256,538 1,256,538
Announcement Date 14/2/22 13/2/23 12/2/24 18/2/25 12/2/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 42.2x 34.9x
PBR 10.7x 8.24x
EV / Sales 14.1x 11.4x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
28
Last Close Price
139.40USD
Average target price
178.06USD
Spread / Average Target
+27.74%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. ANET Stock
  4. Financials Arista Networks, Inc.