Company Valuation: EPAM Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,914 18,849 17,157 13,263 11,318 6,303 - -
Change - -50.28% -8.98% -22.7% -14.66% -44.31% - -
Enterprise Value (EV) 1 36,468 17,168 15,120 14,549 10,022 4,975 4,592 4,105
Change - -52.92% -11.93% -3.78% -31.11% -50.36% -7.7% -10.62%
P/E 82x 46.2x 42.1x 29.8x 30.5x 14.6x 12.5x 11.4x
PBR 15.3x 6.3x 4.95x 3.66x 3.02x 1.7x 1.46x 1.27x
PEG - -3.6x -99.5x 2.7x -2.1x 0.6x 0.7x 1.16x
Capitalization / Revenue 10.1x 3.91x 3.66x 2.81x 2.07x 1.11x 1.08x 1.03x
EV / Revenue 9.7x 3.56x 3.22x 3.08x 1.84x 0.88x 0.78x 0.67x
EV / EBITDA 47.9x 19.3x 18.1x 17.3x 11.3x 5.22x 4.64x 3.89x
EV / EBIT 53.8x 21x 19.8x 18.7x 12.1x 5.56x 4.94x 4.16x
EV / FCF 79.1x 44.9x 28.3x 27.6x 16.4x 10.3x 7.06x 5.99x
FCF Yield 1.26% 2.23% 3.53% 3.62% 6.11% 9.72% 14.2% 16.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 8.15 7.09 7.06 7.84 6.72 8.347 9.748 10.7
Distribution rate - - - - - - - -
Net sales 1 3,758 4,825 4,691 4,728 5,457 5,658 5,861 6,141
EBITDA 1 761.6 888.3 834.2 839.3 884.9 952.6 990.6 1,055
EBIT 1 678.2 818.2 765.1 779.2 831.5 894.3 930.4 986.2
Net income 1 481.7 419.4 417.1 454.5 377.7 435.7 494.8 528.5
Net Debt 1 -1,447 -1,681 -2,036 1,286 -1,296 -1,328 -1,711 -2,199
Reference price 2 668.45 327.74 297.34 233.82 204.88 122.19 122.19 122.19
Nbr of stocks (in thousands) 56,720 57,513 57,700 56,721 55,243 51,587 - -
Announcement Date 17/2/22 16/2/23 15/2/24 20/2/25 19/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.64x0.88x5.22x-.--% 6.3B
22.87x3.72x13.04x2.91% 219B
23.04x4.84x11.86x0.72% 198B
15.68x1.78x9.18x3.02% 136B
-120.79x16.73x92.01x-.--% 108B
-511.15x36.29x149.08x-.--% 106B
16.07x2.9x11.18x5.01% 93.97B
22.61x5.86x14.38x2.51% 67.63B
15.19x2.22x9.42x5.13% 49.56B
24.75x2.06x13.03x1.26% 48.6B
Average -47.71x 7.73x 32.84x 2.06% 103.22B
Weighted average by Cap. -48.65x 8.27x 34.18x 2.08%

Y-o-Y evolution of P/E

Valuation ratios - P/E - EPAM Systems, Inc.

Historical PBR trend

Valuation ratios - PBR - EPAM Systems, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - EPAM Systems, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - EPAM Systems, Inc.


Year-on-year evolution of the Yield

Valuation ratios - Yield - EPAM Systems, Inc.
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