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NYQ · Valuation Lab
ANET
Arista Networks, Inc.
Last$197.31
Market cap248.4B
EV/EBITDA50.7x
Intrinsic value
$318.02
MoS +38.0% · Undervalued
Assuming 36.3% FCF margin and 37.7% Y1–5 growth.
Upside to price
EV (DCF)387.1B
Terminal share70%
Expected IV$328.19
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 70% of EV
PV of stage FCFs118B
PV of terminal value269.1B
Enterprise value387.1B
Net cash / (debt)13.3B
Equity value400.4B
Intrinsic value / share$318.02
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 14.5B | 5.3B | 4.8B | 91.4% |
| Y2 | 20B | 7.3B | 6.1B | 83.5% |
| Y3 | 27.5B | 10B | 7.6B | 76.3% |
| Y4 | 37.9B | 13.8B | 9.6B | 69.7% |
| Y5 | 52.2B | 18.9B | 12.1B | 63.7% |
| Y6 | 62B | 22.5B | 13.1B | 58.2% |
| Y7 | 73.8B | 26.8B | 14.2B | 53.1% |
| Y8 | 87.7B | 31.8B | 15.5B | 48.6% |
| Y9 | 104.3B | 37.9B | 16.8B | 44.4% |
| Y10 | 124B | 45B | 18.2B | 40.5% |
| Terminal | — | — | 269.1B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.