Projected Income Statement: A10 Networks, Inc.

Forecast Balance Sheet: A10 Networks, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt - - - - - - - -
Change - - - - - - - -
Announcement Date 2/1/22 2/7/23 2/6/24 2/4/25 2/4/26 - - -
Estimates

Cash Flow Forecast: A10 Networks, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 5.171 10.8 10.9 12.27 20.13 19.2 23.2
Change - 108.84% 0.9% 12.59% 64.07% -4.61% 20.83%
Free Cash Flow (FCF) 1 44.93 55.3 32.88 78.22 64.77 75.9 86.3
Change - 23.09% -40.53% 137.87% -17.2% 17.19% 13.7%
Announcement Date 2/1/22 2/7/23 2/6/24 2/4/25 2/4/26 - -
1USD in Million
Estimates

Forecast Financial Ratios: A10 Networks, Inc.

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

         
EBITDA Margin (%) - 24.95% 26.77% 28.28% 28.48% 29.6% 30.23% 30.2% 29.91%
EBIT Margin (%) - 21.39% 23.92% 24.56% 24.17% 24.88% 25.54% 26.03% 25.01%
EBT Margin (%) - 12.65% 18.8% 17.4% 22.2% 18.04% 20.78% 22.35% -
Net margin (%) - 37.95% 16.73% 15.88% 19.16% 14.5% 16.85% 18.06% -
FCF margin (%) - 17.97% 19.73% 13.07% 29.89% 22.29% 23.37% 23.76% -
FCF / Net Income (%) - 47.35% 117.89% 82.27% 156.01% 153.7% 138.68% 131.5% -

Profitability

         
ROA 3.92% 6.1% 8.7% 6.37% 6.68% 5.58% - - -
ROE 15.85% 58.42% 24.06% 20.56% 22.81% 19.01% - - -

Financial Health

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

Capital Intensity

         
CAPEX / Current Assets (%) - 2.07% 3.85% 4.33% 4.69% 6.93% 5.91% 6.39% -
CAPEX / EBITDA (%) - 8.29% 14.39% 15.31% 16.46% 23.4% 19.56% 21.14% -
CAPEX / FCF (%) - 11.51% 19.53% 33.13% 15.68% 31.08% 25.3% 26.88% -

Items per share

         
Cash flow per share 1 - - - - - - - - -
Change - - - - - - - - -
Dividend per Share 1 - - - - - - - - -
Change - - - - - - - - -
Book Value Per Share 1 - 2.61 2.328 2.752 3.079 2.959 - - -
Change - - -10.8% 18.19% 11.89% -3.89% - - -
EPS 1 - 1.19 0.6 0.53 0.67 0.57 0.745 0.895 -
Change - - -49.58% -11.67% 26.42% -14.93% 30.7% 20.13% -
Nbr of stocks (in thousands) - 77,550 73,448 74,138 73,799 71,726 71,998 71,998 -
Announcement Date - 2/1/22 2/7/23 2/6/24 2/4/25 2/4/26 - - -
1USD
Estimates
2026 *2027 *
P/E 48.3x 40.2x
PBR - -
EV / Sales 7.97x 7.13x
Yield - -

EPS & Dividend

Y-o-Y evolution of P/E

Trader
Investor
-
Global
-
Quality
-
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
35.96USD
Average target price
35.60USD
Spread / Average Target
-1.00%

Quarterly revenue - Rate of surprise

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