Company Valuation: EPAM Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 37,914 18,849 17,157 13,263 11,318 4,489 - -
Change - -50.28% -8.98% -22.7% -14.66% -60.33% - -
Enterprise Value (EV) 1 36,468 17,168 15,120 14,549 10,022 3,162 2,752 2,136
Change - -52.92% -11.93% -3.78% -31.11% -68.45% -12.98% -22.39%
P/E 82x 46.2x 42.1x 29.8x 30.5x 10.3x 8.73x 7.91x
PBR 15.3x 6.3x 4.95x 3.66x 3.02x 1.18x 1.02x 0.85x
PEG - -3.6x -99.5x 2.7x -2.1x 0.4x 0.5x 0.8x
Capitalization / Revenue 10.1x 3.91x 3.66x 2.81x 2.07x 0.78x 0.74x 0.7x
EV / Revenue 9.7x 3.56x 3.22x 3.08x 1.84x 0.55x 0.45x 0.33x
EV / EBITDA 47.9x 19.3x 18.1x 17.3x 11.3x 3.33x 2.68x 1.92x
EV / EBIT 53.8x 21x 19.8x 18.7x 12.1x 3.55x 2.87x 2.06x
EV / FCF 79.1x 44.9x 28.3x 27.6x 16.4x 5.52x 4.21x 3.06x
FCF Yield 1.26% 2.23% 3.53% 3.62% 6.11% 18.1% 23.7% 32.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 8.15 7.09 7.06 7.84 6.72 8.313 9.842 10.87
Distribution rate - - - - - - - -
Net sales 1 3,758 4,825 4,691 4,728 5,457 5,727 6,060 6,443
EBITDA 1 761.6 888.3 834.2 839.3 884.9 950.3 1,029 1,114
EBIT 1 678.2 818.2 765.1 779.2 831.5 891.4 959.2 1,038
Net income 1 481.7 419.4 417.1 454.5 377.7 438.3 505.9 541.2
Net Debt 1 -1,447 -1,681 -2,036 1,286 -1,296 -1,327 -1,738 -2,354
Reference price 2 668.45 327.74 297.34 233.82 204.88 85.93 85.93 85.93
Nbr of stocks (in thousands) 56,720 57,513 57,700 56,721 55,243 52,244 - -
Announcement Date 2/17/22 A 2/16/23 A 2/15/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
10.16x0.54x3.25x-.--% 4.41B
23.25x3.6x12.66x3.11% 204B
-96.65x15.29x88.53x-.--% 95.64B
14.27x2.6x9.81x5.76% 82.89B
10x1.1x5.75x4.82% 82.34B
19.21x5.05x12.47x2.96% 57.7B
14.2x2.07x8.69x5.49% 46.07B
20.6x1.53x9.68x0.96% 36.55B
19.3x1.56x9.78x1.54% 36.18B
15.89x2.03x9.46x5.44% 32.87B
Average 5.02x 3.54x 17.01x 3.01% 67.87B
Weighted average by Cap. 1.90x 4.52x 21.35x 3.24%

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

  1. Stock Market
  2. Stocks
  3. EPAM Stock
  4. Valuation EPAM Systems, Inc.