Company Valuation: Radware Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,915 885.6 701.4 946.1 1,046 1,292 - -
Change - -53.76% -20.8% 34.89% 10.59% 23.47% - -
Enterprise Value (EV) 1,627 453.6 337.7 640.8 1,046 1,292 1,292 1,292
Change - -72.13% -25.56% 89.77% 63.27% 23.47% 0% 0%
P/E 260x - -33.4x 161x - - - -
PBR 5.35x - 2.21x 2.65x - - - -
PEG - - - -1x - - - -
Capitalization / Revenue 6.69x 3.02x 2.68x 3.44x 3.47x 3.89x 3.6x 3.33x
EV / Revenue 0x 0x 0x 0x 0x 3.89x 3.6x 3.33x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 29.3x 25.2x -
EV / FCF 0x 0x -0x 0x 0x 29.5x 24.2x 22.7x
FCF Yield 3.45% 3.86% -1.27% 7.01% 3.97% 3.39% 4.13% 4.41%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.16 - -0.5 0.14 - - - -
Distribution rate - - - - - - - -
Net sales 1 286.5 293.4 261.3 274.9 301.8 332.3 358.6 388
EBITDA 47.21 37.67 17.56 34.68 - - - -
EBIT 1 38.87 29.68 9.289 26.81 39.65 44.14 51.28 -
Net income 7.811 - -21.59 6.038 - - - -
Net Debt -287.9 -432 -363.7 -305.3 - - - -
Reference price 2 41.64 19.75 16.68 22.53 24.09 30.70 30.70 30.70
Nbr of stocks (in thousands) 45,999 44,841 42,051 41,995 43,434 42,082 - -
Announcement Date 2/9/22 2/8/23 2/7/24 2/12/25 2/10/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.27x9.71x15.87x0.75% 3,843B
121.59x53.78x87.57x-.--% 454B
21.42x6.06x10.62x1.4% 431B
255.85x22.84x66.87x-.--% 330B
2700.4x45.28x148.08x-.--% 277B
26.03x5.22x16.46x1.46% 239B
86.99x8.45x22.61x-.--% 139B
58.52x15.77x41.53x-.--% 133B
495.26x21.25x83.97x-.--% 99.54B
Average 421.37x 20.93x 54.84x 0.4% 660.56B
Weighted average by Cap. 180.55x 15.31x 31.85x 0.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA