Company Valuation: Workday, Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 63,252 46,630 76,551 69,708 46,191 47,807 - -
Change - -26.28% 64.17% -8.94% -33.74% 3.5% - -
Enterprise Value (EV) 1 61,448 43,485 71,718 64,675 43,735 45,177 42,092 39,031
Change - -29.23% 64.93% -9.82% -32.38% 3.3% -6.83% -7.27%
P/E 2,108x -126x 55.9x 134x 67.8x 47.6x 31.9x 24.4x
PBR 14.2x 8.28x 9.55x 7.69x 5.97x 6.17x 4.68x 3.64x
PEG - 0x -0x -2.1x 2.1x 0.8x 0.6x 0.8x
Capitalization / Revenue 12.3x 7.5x 10.5x 8.25x 4.84x 4.49x 4.04x 3.65x
EV / Revenue 12x 7x 9.88x 7.66x 4.58x 4.24x 3.56x 2.98x
EV / EBITDA 41.1x 27.6x 35.5x 25.7x 13.8x 13x 10.4x 8.42x
EV / EBIT 53.4x 35.9x 41.2x 29.6x 15.5x 13.9x 11.1x 8.86x
EV / FCF 44.3x 33.5x 37.4x 29.5x 15.7x 14.2x 11.5x 9.16x
FCF Yield 2.26% 2.98% 2.67% 3.39% 6.35% 7.04% 8.72% 10.9%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.12 -1.44 5.21 1.95 2.59 4.07 6.076 7.938
Distribution rate - - - - - - - -
Net sales 1 5,139 6,216 7,259 8,446 9,552 10,647 11,840 13,100
EBITDA 1 1,493 1,574 2,022 2,512 3,171 3,482 4,063 4,638
EBIT 1 1,150 1,210 1,740 2,186 2,824 3,248 3,788 4,406
Net income 1 29.37 -366.7 1,381 526 693 1,021 1,526 1,999
Net Debt 1 -1,804 -3,145 -4,833 -5,033 -2,456 -2,630 -5,715 -8,776
Reference price 2 253.01 181.43 291.07 262.06 175.63 193.57 193.57 193.57
Nbr of stocks (in thousands) 250,000 257,016 263,000 266,000 263,000 246,973 - -
Announcement Date 2/28/22 2/27/23 2/26/24 2/25/25 2/24/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.96x4.31x9.03x-.--% 115B
19.9x12.68x15.1x-.--% 105B
32.01x6.84x16.61x-.--% 57.13B
47.56x4.24x12.97x-.--% 47.81B
16.82x5.99x15.31x0.85% 41.8B
17.92x6.82x13.94x-.--% 17.25B
25.92x2.43x14x-.--% 14.64B
27.11x - - 3.59% 10.8B
75.58x4.59x18.78x-.--% 10.03B
Average 30.98x 5.99x 14.47x 0.49% 46.56B
Weighted average by Cap. 24.97x 7.02x 13.38x 0.18%

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