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 23,055 - -
Change - -28.1% 10.86% 34.3% 44.66% 24.17% - -
Enterprise Value (EV) 1 11,447 7,736 8,753 11,371 17,222 21,270 20,651 19,922
Change - -32.42% 13.15% 29.9% 51.46% 23.51% -2.91% -3.53%
P/E 37.2x 27.5x 24.6x 23.1x 27.4x 32.5x 29.6x 25.3x
PBR 5.11x 3.51x 3.47x 4.17x 5.23x 5.77x 4.96x 4.21x
PEG - -20.98x 1x 0.5x 1.2x 5.36x 3x 1.5x
Capitalization / Revenue 4.6x 3.2x 3.4x 4.56x 6.01x 6.81x 6.33x 5.86x
EV / Revenue 4.39x 2.87x 3.11x 4.04x 5.58x 6.29x 5.67x 5.06x
EV / EBITDA 12.2x 8.65x 9.1x 10.8x 14.6x 16.6x 15.2x 13.3x
EV / EBIT 13.9x 9.94x 10.3x 12x 15.9x 17.9x 16.7x 14.5x
EV / FCF 18.6x 18.9x 14.6x 14.9x 19x 21.2x 19.3x 16.8x
FCF Yield 5.37% 5.29% 6.85% 6.7% 5.26% 4.71% 5.19% 5.96%
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 2 198.78 144.73 161.14 220.20 323.19 407.13 407.13 407.13
Nbr of stocks (in thousands) 60,312 59,562 59,306 58,284 57,447 56,627 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.13x3.77x13.16x2.87% 222B
14.09x1.55x8.16x3.41% 116B
-114.74x18.24x105.52x-.--% 114B
15.17x2.77x10.47x5.42% 88.66B
20.92x5.47x13.43x2.72% 63.28B
14.99x2.19x9.28x5.2% 48.47B
22.03x1.81x11.13x1.37% 42.34B
21.31x1.62x10.27x0.87% 40.69B
18.17x2.3x11.01x4.81% 37.26B
Average 3.90x 4.41x 21.38x 2.96% 85.82B
Weighted average by Cap. -0.52x 5.20x 25.11x 2.86%

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