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 25,711 - -
Change - -28.1% 10.86% 34.3% 44.66% 38.48% - -
Enterprise Value (EV) 1 11,447 7,736 8,753 11,371 17,222 23,927 23,308 22,578
Change - -32.42% 13.15% 29.9% 51.46% 38.93% -2.59% -3.13%
P/E 37.2x 27.5x 24.6x 23.1x 27.4x 36.3x 33x 28.2x
PBR 5.11x 3.51x 3.47x 4.17x 5.23x 6.44x 5.53x 4.69x
PEG - -20.98x 1x 0.5x 1.2x 5.99x 3.3x 1.7x
Capitalization / Revenue 4.6x 3.2x 3.4x 4.56x 6.01x 7.6x 7.06x 6.53x
EV / Revenue 4.39x 2.87x 3.11x 4.04x 5.58x 7.07x 6.4x 5.74x
EV / EBITDA 12.2x 8.65x 9.1x 10.8x 14.6x 18.7x 17.2x 15x
EV / EBIT 13.9x 9.94x 10.3x 12x 15.9x 20.1x 18.8x 16.4x
EV / FCF 18.6x 18.9x 14.6x 14.9x 19x 23.9x 21.7x 19x
FCF Yield 5.37% 5.29% 6.85% 6.7% 5.26% 4.18% 4.6% 5.26%
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 1 331.2 322.2 394.9 566.8 692.4 725.6 797 921.5
Net Debt 1 -541.6 -884.6 -803.3 -1,464 -1,344 -1,784 -2,403 -3,133
Reference price 2 198.78 144.73 161.14 220.20 323.19 454.04 454.04 454.04
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.($)
36.28x7.07x18.67x-.--% 25.71B
21.86x3.6x12.56x3.04% 210B
22.46x4.73x11.6x0.74% 193B
14.77x1.61x8.44x3.25% 119B
-602.19x42.83x175.97x-.--% 124B
-134.17x18.65x103.28x-.--% 120B
13.47x2.43x9.22x6.1% 78.1B
19.46x5.19x12.74x2.88% 58.18B
-17.53x7.42x12.62x-.--% 49.43B
22.77x1.89x11.94x1.37% 44.75B
Average -60.28x 9.54x 37.70x 1.74% 102.21B
Weighted average by Cap. -75.36x 10.32x 42.32x 1.83%

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