RADWARE LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 17.03 USD | -0.99% |
|
+4.86% | +2.10% |
| Apr. 17 | Radware Introduces New Ai-Powered, Rule-Free Edition of Its Dns Ddos Protection Solution | CI |
| Apr. 02 | Radware to Provide Advanced DDoS Protection for Asian Tax Authority | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,209 | 1,281 | 1,915 | 885.6 | 701.4 | 711.6 | - | - |
| Enterprise Value (EV) 1 | 1,131 | 970.5 | 1,627 | 453.6 | 337.7 | 375.6 | 371.6 | 386.6 |
| P/E ratio | 54.9 x | 139 x | 260 x | - | -33.4 x | -189 x | 426 x | 100 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.8 x | 5.12 x | 6.69 x | 3.02 x | 2.68 x | 2.71 x | 2.56 x | 2.48 x |
| EV / Revenue | 4.49 x | 3.88 x | 5.68 x | 1.55 x | 1.29 x | 1.43 x | 1.34 x | 1.35 x |
| EV / EBITDA | 26.7 x | 28.8 x | 34.5 x | 12 x | 19.2 x | 18 x | 12.9 x | 9.86 x |
| EV / FCF | 25.3 x | 18.3 x | 24.6 x | 13.3 x | -37.8 x | 16.7 x | 14.1 x | 9.99 x |
| FCF Yield | 3.95% | 5.48% | 4.07% | 7.54% | -2.64% | 5.99% | 7.08% | 10% |
| Price to Book | 3.16 x | 3.41 x | 5.35 x | - | 2.21 x | 2.37 x | 2.21 x | 2.21 x |
| Nbr of stocks (in thousands) | 46,895 | 46,160 | 45,999 | 44,841 | 42,051 | 41,787 | - | - |
| Reference price 2 | 25.78 | 27.75 | 41.64 | 19.75 | 16.68 | 17.03 | 17.03 | 17.03 |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 252.1 | 250 | 286.5 | 293.4 | 261.3 | 263 | 278.2 | 286.8 |
| EBITDA 1 | 42.39 | 33.72 | 47.21 | 37.67 | 17.56 | 20.9 | 28.8 | 39.2 |
| EBIT 1 | 33.48 | 25.05 | 38.87 | 29.68 | 9.289 | 16.72 | 23.07 | 30.3 |
| Operating Margin | 13.28% | 10.02% | 13.57% | 10.11% | 3.56% | 6.36% | 8.29% | 10.56% |
| Earnings before Tax (EBT) 1 | 25.71 | - | 22.63 | - | -17.75 | -3.8 | 1.77 | 7.94 |
| Net income 1 | 22.57 | 9.636 | 7.811 | - | -21.59 | -3.8 | 1.51 | 6.75 |
| Net margin | 8.95% | 3.85% | 2.73% | - | -8.26% | -1.44% | 0.54% | 2.35% |
| EPS 2 | 0.4700 | 0.2000 | 0.1600 | - | -0.5000 | -0.0900 | 0.0400 | 0.1700 |
| Free Cash Flow 1 | 44.7 | 53.14 | 66.17 | 34.18 | -8.929 | 22.5 | 26.3 | 38.7 |
| FCF margin | 17.73% | 21.25% | 23.1% | 11.65% | -3.42% | 8.55% | 9.45% | 13.49% |
| FCF Conversion (EBITDA) | 105.43% | 157.59% | 140.17% | 90.75% | - | 107.66% | 91.32% | 98.72% |
| FCF Conversion (Net income) | 198.07% | 551.47% | 847.15% | - | - | - | 1,741.72% | 573.33% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/7/24 | - | - | - |
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 | 73.42 | 76.64 | 73.71 | 75.11 | 70.52 | 74.08 | 69.04 | 65.61 | 61.61 | 65.03 | 63.57 | 65.74 | 67.08 | 69.8 | 68.2 |
| EBITDA 1 | - | 13.02 | 12.56 | 11.71 | 8.372 | 8.247 | 6.507 | 4.053 | 1.572 | 5.433 | 4.9 | 5.1 | 5.3 | 5.6 | - |
| EBIT 1 | 11.62 | 11 | 9.609 | 8.48 | 5.229 | 6.361 | 4.421 | 1.932 | -0.461 | 3.397 | 2.765 | 3.763 | 4.363 | 5.832 | 5.4 |
| Operating Margin | 15.83% | 14.35% | 13.04% | 11.29% | 7.41% | 8.59% | 6.4% | 2.94% | -0.75% | 5.22% | 4.35% | 5.72% | 6.5% | 8.36% | 7.92% |
| Earnings before Tax (EBT) | 6.886 | 4.405 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 4.965 | -5.591 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | 6.76% | -7.29% | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | 0.1000 | -0.1200 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/3/21 | 2/9/22 | 5/3/22 | 8/8/22 | 11/2/22 | 2/8/23 | 5/3/23 | 8/2/23 | 11/1/23 | 2/7/24 | - | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 77.7 | 310 | 288 | 432 | 364 | 336 | 340 | 325 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 44.7 | 53.1 | 66.2 | 34.2 | -8.93 | 22.5 | 26.3 | 38.7 |
| ROE (net income / shareholders' equity) | 10.7% | 7.85% | 10.1% | 8.92% | - | 2.8% | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 8.150 | 8.140 | 7.790 | - | 7.540 | 7.200 | 7.700 | 7.700 |
| Cash Flow per Share | 1.090 | - | - | - | - | - | - | - |
| Capex 1 | 8.16 | 8.67 | 5.6 | 8.81 | 5.43 | 4.43 | 5.9 | 7.5 |
| Capex / Sales | 3.24% | 3.47% | 1.96% | 3% | 2.08% | 1.69% | 2.12% | 2.61% |
| Announcement Date | 2/12/20 | 2/10/21 | 2/9/22 | 2/8/23 | 2/7/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
5
Last Close Price
17.03
USD
Average target price
19.89
USD
Spread / Average Target
+16.81%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +2.10% | 712M | |
| -1.17% | 94.04B | |
| +9.65% | 48.97B | |
| -1.04% | 17.07B | |
| -9.60% | 13.14B | |
| +64.17% | 4.83B | |
| -24.96% | 3.12B | |
| -17.66% | 1.67B | |
| -10.28% | 1.16B | |
| -21.86% | 791M |
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