Company Valuation: Ciena Corporation

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,561 7,105 6,258 9,239 26,789 56,025 - -
Change - -17.01% -11.92% 47.63% 189.96% 109.13% - -
Enterprise Value (EV) 1 7,635 7,025 6,698 9,533 27,017 56,055 55,258 53,750
Change - -7.99% -4.65% 42.32% 183.42% 107.48% -1.42% -2.73%
P/E 17.3x 48x 24.8x 110x 223x 75.8x 49x 34.9x
PBR 2.83x 2.62x 2.15x 3.24x 9.81x 17.7x 13.2x 9.23x
PEG - -0.7x 0.3x -1.7x 4.8x 0x 0.9x 0.9x
Capitalization / Revenue 2.36x 1.96x 1.43x 2.3x 5.62x 8.85x 7x 5.52x
EV / Revenue 2.11x 1.93x 1.53x 2.37x 5.66x 8.86x 6.9x 5.3x
EV / EBITDA 10.9x 14x 10.1x 19.8x 42.4x 40.8x 27.8x 19.3x
EV / EBIT 12.6x 17.3x 11.7x 24.6x 50.7x 45.6x 30.5x 20.2x
EV / FCF 16.5x -27.2x 108x 25.2x 40.6x 98.8x 54.9x 29x
FCF Yield 6.05% -3.68% 0.93% 3.96% 2.46% 1.01% 1.82% 3.45%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 3.19 1 1.71 0.58 0.85 5.219 8.084 11.35
Distribution rate - - - - - - - -
Net sales 1 3,621 3,633 4,387 4,015 4,770 6,328 8,008 10,141
EBITDA 1 702.8 502.4 665.8 481 636.7 1,372 1,984 2,790
EBIT 1 606.7 406.5 573.3 388.2 532.5 1,229 1,812 2,667
Net income 1 500.2 152.9 254.8 83.96 123.3 761.4 1,150 1,587
Net Debt 1 -926.7 -80.29 439.7 293.6 227.6 29.6 -766.9 -2,275
Reference price 2 55.26 47.96 42.33 63.97 189.92 395.79 395.79 395.79
Nbr of stocks (in thousands) 154,929 148,142 147,842 144,427 141,056 141,553 - -
Announcement Date 12/9/21 12/8/22 12/7/23 12/12/24 12/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
75.84x8.86x40.85x-.--% 56.03B
34.16x7.15x18.48x1.49% 438B
49.68x17.57x35.26x-.--% 238B
21.18x0.85x15.19x2.19% 185B
33.16x10.43x25.69x0.34% 164B
41.03x12.12x27.41x-.--% 77.74B
34.84x6.73x19.21x0.97% 79.51B
41.86x2.21x14.38x1.72% 57.23B
29.46x6.67x22.31x1.4% 56.86B
17.51x2.72x11.68x4.2% 46.9B
Average 37.87x 7.53x 23.05x 1.23% 139.97B
Weighted average by Cap. 36.62x 8.42x 22.93x 1.12%

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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