Company Valuation: Radware Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,915 885.6 701.4 946.1 1,046 1,235 - -
Change - -53.76% -20.8% 34.89% 10.59% 18% - -
Enterprise Value (EV) 1,627 453.6 337.7 640.8 1,046 1,235 1,235 1,235
Change - -72.13% -25.56% 89.77% 63.27% 18% 0% 0%
P/E 260x - -33.4x 161x - - - -
PBR 5.35x - 2.21x 2.65x - - - -
PEG - - - -1x - - - -
Capitalization / Revenue 6.69x 3.02x 2.68x 3.44x 3.47x 3.72x 3.44x 3.18x
EV / Revenue 0x 0x 0x 0x 0x 3.72x 3.44x 3.18x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 28x 24.1x -
EV / FCF 0x 0x -0x 0x 0x 28.2x 23.2x 21.7x
FCF Yield 3.45% 3.86% -1.27% 7.01% 3.97% 3.55% 4.32% 4.62%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.16 - -0.5 0.14 - - - -
Distribution rate - - - - - - - -
Net sales 1 286.5 293.4 261.3 274.9 301.8 332.3 358.6 388
EBITDA 47.21 37.67 17.56 34.68 - - - -
EBIT 1 38.87 29.68 9.289 26.81 39.65 44.14 51.28 -
Net income 7.811 - -21.59 6.038 - - - -
Net Debt -287.9 -432 -363.7 -305.3 - - - -
Reference price 2 41.64 19.75 16.68 22.53 24.09 29.34 29.34 29.34
Nbr of stocks (in thousands) 45,999 44,841 42,051 41,995 43,434 42,082 - -
Announcement Date 2/9/22 A 2/8/23 A 2/7/24 A 2/12/25 A 2/10/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
286.25x27.1x82.72x-.--% 313B
1347.01x36.3x122.05x-.--% 221B
51.81x13.88x36.56x-.--% 117B
-82.43x12.33x323.55x-.--% 21.04B
17.08x4.41x8.82x1.78% 17.05B
17.02x3.77x9.26x-.--% 13.45B
-58.36x8.28x42.1x-.--% 11.08B
84.72x5.16x73.21x0.18% 7.87B
77.32x8.17x36.9x - 5.21B
Average 193.38x 13.27x 81.69x 0.25% 80.8B
Weighted average by Cap. 539.76x 25.71x 90.04x 0.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA