Company Valuation: Arista Networks, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 44,172 37,081 73,267 1,39,241 1,65,004 2,01,460 - -
Change - -16.05% 97.59% 90.05% 18.5% 22.09% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 1,30,938 1,54,261 1,86,317 1,82,235 1,78,791
Change - -16.45% 100.42% 91.82% 17.81% 20.78% -2.19% -1.89%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 47.5x 38.2x 30.4x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 12.2x 9.5x 7.02x
PEG - 0.5x 0.7x 1.4x 2x 2.1x 1.6x 1.2x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 17.4x 14.1x 11.6x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 16.1x 12.7x 10.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 33.6x 26.5x 21.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 34.3x 26.8x 21.6x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 36.3x 32.6x 28.1x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.75% 3.07% 3.56%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.368 4.186 5.258
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 11,594 14,339 17,315
EBITDA 1 1,191 1,859 2,674 3,389 4,410 5,538 6,875 8,332
EBIT 1 1,141 1,796 2,603 3,327 4,337 5,438 6,800 8,274
Net income 1 840.9 1,352 2,087 2,852 3,511 4,286 5,249 6,290
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,143 -19,224 -22,669
Reference price 2 35.94 30.34 58.88 110.53 131.03 159.99 159.99 159.99
Nbr of stocks (in thousands) 12,29,134 12,22,290 12,44,401 12,59,760 12,59,285 12,59,203 - -
Announcement Date 14/02/22 13/02/23 12/02/24 18/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.5x16.07x33.65x-.--% 20TCr
34.8x7.26x18.74x1.47% 44TCr
20.9x0.87x15.18x2.12% 19TCr
42.02x13.09x32.85x0.26% 19TCr
42.59x2.75x17.87x1.4% 6.92TCr
31.86x6.03x17.66x1.12% 7.02TCr
81.16x9.45x43.64x-.--% 5.98TCr
147.45x18.99x55.75x-.--% 5.67TCr
19.13x2.67x12.63x3.19% 4.53TCr
25.32x5.47x18.92x1.72% 4.63TCr
Average 49.28x 8.26x 26.69x 1.13% 13.68TCr
Weighted average by Cap. 41.86x 8.56x 24.71x 1.1%

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

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