Company Valuation: Axon Enterprise, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,749 11,808 19,358 45,320 45,115 40,490 - -
Change - 9.85% 63.93% 134.12% -0.45% -10.25% - -
Enterprise Value (EV) 1 10,306 10,834 18,714 45,014 43,462 41,184 40,526 39,557
Change - 5.12% 72.74% 140.53% -3.45% -5.24% -1.6% -2.39%
P/E -173x 81.7x 112x 124x 376x 141x 118x 80.7x
PBR 10.6x 9.35x 12.1x 19.6x 14x 9.91x 8.12x 6.55x
PEG - -0x 8.1x 1x -5.5x 1x 6x 1.8x
Capitalization / Revenue 12.5x 9.92x 12.4x 21.8x 16.2x 11.1x 8.57x 6.63x
EV / Revenue 11.9x 9.1x 12x 21.6x 15.6x 11.3x 8.58x 6.48x
EV / EBITDA 57.9x 46.6x 56.8x 86.3x 61.2x 44.2x 32.1x 23.5x
EV / EBIT -61.3x 116x 121x 769x -700x 226x 84.2x 54.5x
EV / FCF 138x 60.3x 144x 137x 579x 92.1x 58.4x 40.9x
FCF Yield 0.72% 1.66% 0.69% 0.73% 0.17% 1.09% 1.71% 2.45%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.91 2.03 2.31 4.8 1.51 3.568 4.265 6.227
Distribution rate - - - - - - - -
Net sales 1 863.4 1,190 1,563 2,083 2,780 3,655 4,723 6,105
EBITDA 1 178.1 232.3 329.3 521.4 710.2 931.9 1,261 1,683
EBIT 1 -168.1 93.25 154.8 58.54 -62.08 182 481.3 725.2
Net income 1 -60.02 147.1 174.2 377 124.7 274.6 369.6 548
Net Debt 1 -443 -974.7 -643.4 -306.1 -1,653 694.3 36.49 -932.6
Reference price 2 157.00 165.93 258.33 594.32 567.93 502.34 502.34 502.34
Nbr of stocks (in thousands) 68,468 71,165 74,934 76,255 79,437 80,602 - -
Announcement Date 2/24/22 2/28/23 2/27/24 2/25/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.54x7.47x31.12x0.51% 367B
35.72x3.27x19.29x1.34% 287B
37.36x5.02x22.83x0.87% 155B
19.23x1.85x13.27x2.41% 134B
23.16x1.94x15.92x1.65% 104B
18.72x1.95x13.86x1.79% 77.03B
24.97x1.84x13.08x2.01% 74.48B
25.87x2.72x15.14x1.65% 55.93B
Average 28.32x 3.26x 18.06x 1.53% 156.93B
Weighted average by Cap. 32.70x 4.26x 21.38x 1.26%

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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