Financials Juniper Networks, Inc.

Equities

JNPR

US48203R1041

Communications & Networking

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
34.71 ^USD	-0.69%		-3.74%	+17.74%

Apr. 26	Barclays Adjusts Juniper Networks Price Target to $41 From $40	MT
Apr. 26	Well, it isn't as bad as feared...

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,244	7,422	11,612	10,373	9,400	11,259	-	-
Enterprise Value (EV) ¹	7,384	7,119	11,605	10,744	9,693	11,130	10,814	10,458
P/E ratio	24.9 x	29.2 x	47 x	22.3 x	31 x	28.3 x	23 x	21.5 x
Yield	3.09%	3.55%	2.24%	2.63%	2.99%	2.57%	2.62%	2.79%
Capitalization / Revenue	1.85 x	1.67 x	2.45 x	1.96 x	1.69 x	2.18 x	2.06 x	1.99 x
EV / Revenue	1.66 x	1.6 x	2.45 x	2.03 x	1.74 x	2.16 x	1.98 x	1.84 x
EV / EBITDA	7.78 x	7.91 x	11.7 x	10.2 x	8.54 x	10.8 x	9.16 x	8.72 x
EV / FCF	17.6 x	13.9 x	19.7 x	-1,433 x	13.6 x	13.9 x	11.8 x	10.2 x
FCF Yield	5.68%	7.19%	5.08%	-0.07%	7.36%	7.21%	8.44%	9.77%
Price to Book	1.82 x	1.62 x	2.75 x	2.31 x	2.1 x	2.41 x	2.31 x	2.35 x
Nbr of stocks (in thousands)	334,707	329,736	325,181	324,556	318,868	324,381	-	-
Reference price ²	24.63	22.51	35.71	31.96	29.48	34.71	34.71	34.71
Announcement Date	1/27/20	1/28/21	1/27/22	1/31/23	1/30/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,445	4,445	4,735	5,301	5,564	5,159	5,459	5,669
EBITDA ¹	949.2	900.4	988.2	1,052	1,135	1,030	1,180	1,200
EBIT ¹	738.9	688	750.8	834.5	940.1	813.1	954.4	1,005
Operating Margin	16.62%	15.48%	15.86%	15.74%	16.89%	15.76%	17.48%	17.73%
Earnings before Tax (EBT) ¹	414.4	265.2	310.1	536.3	349	653.9	696.9	-
Net income ¹	345	257.8	252.7	471	310.2	394.1	476	510.9
Net margin	7.76%	5.8%	5.34%	8.88%	5.57%	7.64%	8.72%	9.01%
EPS ²	0.9900	0.7700	0.7600	1.430	0.9500	1.227	1.511	1.611
Free Cash Flow ¹	419.3	511.6	589.7	-7.5	713.4	802.8	912.8	1,022
FCF margin	9.43%	11.51%	12.45%	-0.14%	12.82%	15.56%	16.72%	18.03%
FCF Conversion (EBITDA)	44.17%	56.82%	59.67%	-	62.87%	77.94%	77.33%	85.17%
FCF Conversion (Net income)	121.54%	198.45%	233.36%	-	229.98%	203.69%	191.75%	200.04%
Dividend per Share ²	0.7600	0.8000	0.8000	0.8400	0.8800	0.8933	0.9090	0.9675
Announcement Date	1/27/20	1/28/21	1/27/22	1/31/23	1/30/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1
Net sales ¹	1,189	1,300	1,168	1,270	1,415	1,449	1,372	1,430	1,398	1,365	1,149	1,245	1,320	1,385	1,242
EBITDA ¹	256.2	296.2	193.7	232.1	296.4	328.8	252.4	291.2	293.7	297.5	165.5	233.9	276.2	308.5	214.4
EBIT ¹	197.8	238.1	137.4	176.9	243.7	276.5	203	242.1	244.8	250.2	121.3	190.8	233.1	264.3	171.9
Operating Margin	16.64%	18.32%	11.76%	13.93%	17.23%	19.08%	14.8%	16.93%	17.51%	18.33%	10.56%	15.32%	17.66%	19.08%	13.84%
Earnings before Tax (EBT)	111.8	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	88.9	132.9	55.7	113.4	121.5	180.4	85.4	24.4	76.1	124.3	-0.8	80.66	111.2	143.3	60.11
Net margin	7.48%	10.22%	4.77%	8.93%	8.59%	12.45%	6.23%	1.71%	5.44%	9.11%	-0.07%	6.48%	8.43%	10.35%	4.84%
EPS ²	0.2700	0.4000	0.1700	0.3500	0.3700	0.5500	0.2600	0.0700	0.2400	0.3800	0.1702	0.1932	0.2855	0.4019	0.1514
Dividend per Share ²	0.2000	0.2000	0.2100	0.2100	0.2100	0.2100	0.2200	0.2200	-	0.2200	0.2350	0.2300	0.2300	0.2300	0.2400
Announcement Date	10/26/21	1/27/22	4/26/22	7/26/22	10/25/22	1/31/23	4/25/23	7/27/23	10/26/23	1/30/24	4/25/24	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	371	293	-	-	-
Net Cash position ¹	860	303	7	-	-	130	445	801
Leverage (Debt/EBITDA)	-	-	-	0.3529 x	0.2578 x	-	-	-
Free Cash Flow ¹	419	512	590	-7.5	713	803	913	1,022
ROE (net income / shareholders' equity)	12.7%	11.4%	13%	14.6%	16.4%	14.8%	15.6%	16.2%
ROA (Net income/ Total Assets)	6.57%	5.71%	6.31%	7.06%	7.82%	6.81%	7.29%	-
Assets ¹	5,255	4,518	4,005	6,675	3,969	5,418	6,398	-
Book Value Per Share ²	13.50	13.90	13.00	13.90	14.00	14.40	15.00	14.80
Cash Flow per Share	1.520	1.830	2.080	0.3500	2.680	-	-	-
Capex ¹	110	100	100	105	159	151	139	158
Capex / Sales	2.47%	2.26%	2.11%	1.98%	2.86%	2.92%	2.55%	2.78%
Announcement Date	1/27/20	1/28/21	1/27/22	1/31/23	1/30/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Juniper Networks, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

34.71 USD

Average target price

40.06 USD

Spread / Average Target

+15.41%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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