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 2,12,314 - -
Change - -16.05% 97.59% 90.05% 18.5% 28.67% - -
Enterprise Value (EV) 1 40,764 34,058 68,259 1,30,938 1,54,261 1,97,044 1,92,921 1,89,478
Change - -16.45% 100.42% 91.82% 17.81% 27.73% -2.09% -1.78%
P/E 54.7x 28.4x 35.8x 49.6x 47.6x 50x 40.3x 32.2x
PBR 11.1x 7.61x 10.1x 13.9x 13.3x 12.8x 10.1x 7.31x
PEG - 0.5x 0.7x 1.4x 2x 2.2x 1.7x 1.3x
Capitalization / Revenue 15x 8.46x 12.5x 19.9x 18.3x 18.3x 14.8x 12.1x
EV / Revenue 13.8x 7.77x 11.6x 18.7x 17.1x 17x 13.4x 10.8x
EV / EBITDA 34.2x 18.3x 25.5x 38.6x 35x 35.4x 27.9x 22.5x
EV / EBIT 35.7x 19x 26.2x 39.4x 35.6x 36.1x 28.3x 22.5x
EV / FCF 42.9x 76x 34.1x 35.6x 36.3x 38.4x 34.3x 29.3x
FCF Yield 2.33% 1.32% 2.93% 2.81% 2.76% 2.61% 2.92% 3.42%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.6575 1.068 1.645 2.23 2.75 3.373 4.184 5.235
Distribution rate - - - - - - - -
Net sales 1 2,948 4,381 5,860 7,003 9,006 11,617 14,378 17,478
EBITDA 1 1,191 1,859 2,674 3,389 4,410 5,564 6,914 8,431
EBIT 1 1,141 1,796 2,603 3,327 4,337 5,457 6,817 8,410
Net income 1 840.9 1,352 2,087 2,852 3,511 4,292 5,246 6,268
Net Debt 1 -3,408 -3,024 -5,008 -8,303 -10,743 -15,271 -19,393 -22,836
Reference price 2 35.94 30.34 58.88 110.53 131.03 168.61 168.61 168.61
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.($)
49.99x16.96x35.41x-.--% 21TCr
34.43x7.21x18.62x1.48% 44TCr
18.77x0.78x13.6x2.39% 17TCr
34.62x10.54x26.2x0.3% 16TCr
31.16x5.94x17.38x1.15% 6.86TCr
148.36x19.1x56.01x-.--% 5.7TCr
35.2x2.23x14.46x1.7% 5.68TCr
71.93x8.38x38.68x-.--% 5.3TCr
26.32x5.7x19.72x1.65% 4.81TCr
18.87x2.63x12.44x3.24% 4.48TCr
Average 46.97x 7.95x 25.25x 1.19% 13.12TCr
Weighted average by Cap. 40.46x 8.44x 23.64x 1.15%

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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