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 2,18,195 - -
Change - -16.05% 97.59% 90.05% 18.5% 32.24% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 1,30,938 1,54,261 2,03,052 1,98,970 1,95,525
Change - -16.45% 100.42% 91.82% 17.81% 31.63% -2.01% -1.73%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 51.4x 41.4x 33x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 13.2x 10.3x 7.61x
PEG - 0.5x 0.7x 1.4x 2x 2.3x 1.7x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 18.8x 15.2x 12.6x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17.5x 13.9x 11.3x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 36.7x 28.9x 23.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 37.3x 29.3x 23.6x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 39.6x 35.6x 30.7x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.53% 2.81% 3.26%
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 58.88 110.53 131.03 173.28 173.28 173.28
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.($)
51.45x17.51x36.67x-.--% 22TCr
35.19x7.34x18.95x1.45% 45TCr
20.76x0.86x15.08x2.13% 19TCr
40.28x12.34x31.4x0.27% 18TCr
43.86x2.81x18.28x1.36% 7.07TCr
31.88x6.04x17.66x1.12% 7.02TCr
83.35x9.71x44.82x-.--% 6.14TCr
148.05x19.06x55.97x-.--% 5.69TCr
25.87x5.59x19.36x1.68% 4.73TCr
19.26x2.69x12.73x3.17% 4.56TCr
Average 49.99x 8.40x 27.09x 1.12% 13.86TCr
Weighted average by Cap. 42.68x 8.80x 25.22x 1.08%

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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