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 73,267 139,241 165,004 219,089 - -
Change - -16.05% 97.59% 90.05% 18.5% 32.78% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 203,818 199,696 196,252
Change - -16.45% 100.42% 91.82% 17.81% 32.13% -2.02% -1.72%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 51.6x 41.6x 33.2x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 13.2x 10.4x 7.55x
PEG - 0.5x 0.7x 1.4x 2x 2.3x 1.7x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 18.9x 15.2x 12.5x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17.5x 13.9x 11.2x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 36.6x 28.9x 23.3x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 37.3x 29.3x 23.3x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 39.7x 35.5x 30.3x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.52% 2.82% 3.3%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.373 4.184 5.235
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 11,617 14,378 17,478
EBITDA 1 1,191 1,859 2,674 3,389 4,410 5,564 6,914 8,431
EBIT 1 1,141 1,796 2,603 3,327 4,337 5,457 6,817 8,410
Net income 1 840.9 1,352 2,087 2,852 3,511 4,292 5,246 6,268
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,271 -19,393 -22,836
Reference price 2 35.94 30.34 58.88 110.53 131.03 173.99 173.99 173.99
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
51.58x17.55x36.63x-.--% 219B
35.11x7.35x18.98x1.45% 450B
36.99x11.84x29.45x0.28% 181B
19.64x0.81x14.24x2.28% 177B
31.5x6x17.55x1.14% 69.36B
154.47x19.89x58.31x-.--% 59.36B
75.11x8.75x40.39x-.--% 55.34B
39.68x2.06x13.44x1.83% 52.41B
20.2x2.84x13.44x3.02% 48.04B
25.94x5.54x19.17x1.7% 46.87B
Average 49.02x 8.26x 26.16x 1.17% 135.78B
Weighted average by Cap. 42.00x 8.85x 24.72x 1.11%

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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