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 1,190 - -
Change - -53.76% -20.8% 34.89% 10.59% 13.74% - -
Enterprise Value (EV) 1,627 453.6 337.7 640.8 1,046 1,190 1,190 1,190
Change - -72.13% -25.56% 89.77% 63.27% 13.74% 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 3.58x 3.32x 3.07x
EV / Revenue 0x 0x 0x 0x 0x 3.58x 3.32x 3.07x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 27x 23.2x -
EV / FCF 0x 0x -0x 0x 0x 27.2x 22.3x 20.9x
FCF Yield 3.45% 3.86% -1.27% 7.01% 3.97% 3.68% 4.48% 4.79%
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 28.28 28.28 28.28
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.($)
246.61x23.46x72.13x-.--% 272B
1896.58x35.47x114.27x-.--% 218B
50.6x13.54x35.67x-.--% 115B
-73.61x11.27x179.62x-.--% 19.42B
17.58x4.65x9.3x1.66% 18.35B
17.7x3.96x9.73x-.--% 13.99B
-53.98x7.96x40.44x-.--% 10.67B
99.38x5.75x76.68x0.13% 8.59B
-35.89x6.49x140.79x-.--% 5.29B
Average 240.55x 12.51x 75.40x 0.2% 75.64B
Weighted average by Cap. 713.65x 23.79x 79.68x 0.05%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA