Company Valuation: F5, Inc.

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,989 8,620 9,557 12,834 18,566 23,473 - -
Change - -28.1% 10.86% 34.3% 44.66% 26.43% - -
Enterprise Value (EV) 1 11,447 7,736 8,753 11,371 17,222 21,689 21,070 20,340
Change - -32.42% 13.15% 29.9% 51.46% 25.94% -2.85% -3.46%
P/E 37.2x 27.5x 24.6x 23.1x 27.4x 33x 30x 25.7x
PBR 5.11x 3.51x 3.47x 4.17x 5.23x 5.86x 5.03x 4.27x
PEG - -20.98x 1x 0.5x 1.2x 5.45x 3x 1.5x
Capitalization / Revenue 4.6x 3.2x 3.4x 4.56x 6.01x 6.94x 6.44x 5.96x
EV / Revenue 4.39x 2.87x 3.11x 4.04x 5.58x 6.41x 5.78x 5.17x
EV / EBITDA 12.2x 8.65x 9.1x 10.8x 14.6x 16.9x 15.5x 13.5x
EV / EBIT 13.9x 9.94x 10.3x 12x 15.9x 18.2x 17x 14.8x
EV / FCF 18.6x 18.9x 14.6x 14.9x 19x 21.7x 19.7x 17.1x
FCF Yield 5.37% 5.29% 6.85% 6.7% 5.26% 4.62% 5.09% 5.83%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.34 5.27 6.55 9.55 11.8 12.52 13.77 16.08
Distribution rate - - - - - - - -
Net sales 1 2,605 2,696 2,813 2,816 3,088 3,384 3,643 3,935
EBITDA 1 937.6 893.9 962.4 1,053 1,179 1,282 1,355 1,502
EBIT 1 822.2 778.3 849.7 945.5 1,086 1,191 1,239 1,373
Net income 1 331.2 322.2 394.9 566.8 692.4 728.1 797 921.5
Net Debt 1 -541.6 -884.6 -803.3 -1,464 -1,344 -1,784 -2,403 -3,133
Reference price 2 198.78 144.73 161.14 220.20 323.19 413.07 413.07 413.07
Nbr of stocks (in thousands) 60,312 59,562 59,306 58,284 57,447 56,826 - -
Announcement Date 10/26/21 10/25/22 10/24/23 10/28/24 10/27/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.41x3.77x13.18x2.86% 222B
-111.07x17.66x101.98x-.--% 110B
12.64x1.4x7.33x3.8% 104B
15.63x2.86x10.8x5.26% 91.82B
21.26x5.54x13.6x2.68% 63.87B
15.38x2.25x9.53x5.08% 50B
20.66x1.52x9.63x0.92% 38.98B
18.39x2.36x11.32x4.73% 38.42B
19.65x1.6x9.8x1.49% 38.35B
Average 3.99x 4.33x 20.80x 2.98% 84.22B
Weighted average by Cap. 0.20x 5.10x 24.30x 2.92%

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