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 73,267 139,241 165,004 242,559 - -
Change - -16.05% 97.59% 90.05% 18.5% 47% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 130,938 154,261 226,832 222,497 219,610
Change - -16.45% 100.42% 91.82% 17.81% 47.04% -1.91% -1.3%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 50.5x 40.8x 32.3x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 13.9x 11x 7.68x
PEG - 0.5x 0.7x 1.4x 2x 1.3x 1.7x 1.2x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 19.2x 15.2x 12.4x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17.9x 13.9x 11.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 36.1x 27.4x 22.6x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 36.7x 28.1x 22.6x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 40.5x 34.2x 29.5x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.47% 2.92% 3.39%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.805 4.712 5.946
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 12,664 15,972 19,510
EBITDA 1 1,191 1,859 2,674 3,389 4,410 6,281 8,107 9,703
EBIT 1 1,141 1,796 2,603 3,327 4,337 6,173 7,905 9,714
Net income 1 840.9 1,352 2,087 2,852 3,511 4,886 5,936 7,164
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,727 -20,062 -22,949
Reference price 2 35.94 30.34 58.88 110.53 131.03 192.32 192.32 192.32
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
37.38x7.81x20.17x1.36% 479B
51.81x18.42x36.32x-.--% 249B
21.49x0.89x15.61x2.09% 194B
33.47x10.58x26.07x0.31% 164B
33.03x6.26x18.32x1.08% 72.73B
167.28x21.53x63.13x-.--% 64.28B
30.22x6.86x23.09x1.36% 58.35B
78.55x9.15x42.24x-.--% 57.87B
40.41x2.13x13.85x1.78% 54.64B
Average 54.85x 9.29x 28.75x 0.89% 154.85B
Weighted average by Cap. 44.58x 9.41x 25.79x 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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