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 73,267 139,241 165,004 215,349 - -
Change - -16.05% 97.59% 90.05% 18.5% 30.51% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 200,078 195,956 192,513
Change - -16.45% 100.42% 91.82% 17.81% 29.7% -2.06% -1.76%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 50.7x 40.9x 32.7x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 13x 10.2x 7.42x
PEG - 0.5x 0.7x 1.4x 2x 2.2x 1.7x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 18.5x 15x 12.3x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17.2x 13.6x 11x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 36x 28.3x 22.8x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 36.7x 28.7x 22.9x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 39x 34.8x 29.7x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.57% 2.87% 3.36%
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 58.88 110.53 131.03 171.02 171.02 171.02
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 2/14/22 2/13/23 2/12/24 2/18/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
50.7x17.22x35.96x-.--% 215B
34.92x7.31x18.88x1.46% 448B
17.54x0.72x12.69x2.56% 158B
30.54x9.71x24.14x0.34% 149B
32.48x6.17x18.05x1.1% 71.51B
29.81x6.73x22.64x1.39% 57.38B
17.66x2.83x12.15x4.05% 48.27B
38.86x1.99x12.95x1.9% 51.13B
140.35x18.07x52.99x-.--% 53.93B
71.48x8.33x38.44x-.--% 52.67B
Average 46.43x 7.91x 24.89x 1.28% 130.48B
Weighted average by Cap. 39.91x 8.45x 23.39x 1.19%

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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