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 73,267 139,241 165,004 256,811 - -
Change - -16.05% 97.59% 90.05% 18.5% 55.64% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 241,397 236,588 232,303
Change - -16.45% 100.42% 91.82% 17.81% 56.49% -1.99% -1.81%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 53.6x 42x 33.6x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 15x 11.4x 8.66x
PEG - 0.5x 0.7x 1.4x 2x 1.4x 1.5x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 20.3x 15.9x 13.1x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 19.1x 14.6x 11.8x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 38.2x 28.8x 23.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 39.1x 29.7x 23.7x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 42.4x 35.5x 29.8x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.36% 2.82% 3.35%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.797 4.844 6.056
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 12,668 16,157 19,646
EBITDA 1 1,191 1,859 2,674 3,389 4,410 6,311 8,224 9,902
EBIT 1 1,141 1,796 2,603 3,327 4,337 6,173 7,954 9,796
Net income 1 840.9 1,352 2,087 2,852 3,511 4,872 6,083 7,345
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,413 -20,222 -24,507
Reference price 2 35.94 30.34 58.88 110.53 131.03 203.62 203.62 203.62
Nbr of stocks (in thousands) 1,229,134 1,222,290 1,244,401 1,259,760 1,259,285 1,261,225 - -
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.($)
34.91x7.31x18.87x1.46% 447B
53.62x19.06x38.25x-.--% 257B
21.99x0.88x15.78x2.11% 192B
32.39x10.2x25.1x0.34% 160B
178.25x26.12x76.57x-.--% 78B
33.73x6.53x18.65x1% 76.96B
85.07x9.91x45.74x-.--% 62.68B
31.16x7.08x23.67x1.32% 60.16B
44.5x2.36x15.35x1.61% 60.12B
Average 57.29x 9.94x 30.89x 0.87% 154.9B
Weighted average by Cap. 46.75x 9.82x 27.21x 0.98%

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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