CISCO SYSTEMS, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 48.95 USD | +0.55% |
|
+3.53% | -3.11% |
| May. 13 | Wall St inches up with inflation prints in focus | RE |
| May. 13 | The momentum keeps going |  |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 243,702 | 197,223 | 232,076 | 187,876 | 212,270 | 198,208 | - | - |
| Enterprise Value (EV) 1 | 234,955 | 182,387 | 219,084 | 178,124 | 194,515 | 207,964 | 208,160 | 200,277 |
| P/E ratio | 21.8 x | 17.7 x | 22 x | 16.1 x | 17 x | 18.1 x | 17.4 x | 15.3 x |
| Yield | 2.39% | 3.04% | 2.65% | 3.31% | 2.96% | 3.22% | 3.3% | 3.42% |
| Capitalization / Revenue | 4.7 x | 4 x | 4.66 x | 3.64 x | 3.72 x | 3.7 x | 3.51 x | 3.39 x |
| EV / Revenue | 4.53 x | 3.7 x | 4.4 x | 3.45 x | 3.41 x | 3.88 x | 3.69 x | 3.42 x |
| EV / EBITDA | 12.6 x | 9.88 x | 11.8 x | 9.23 x | 9.35 x | 10.7 x | 10.2 x | 9.52 x |
| EV / FCF | 15.7 x | 12.4 x | 14.8 x | 14 x | 14.6 x | 19.3 x | 12.6 x | 11.3 x |
| FCF Yield | 6.35% | 8.04% | 6.74% | 7.16% | 6.84% | 5.18% | 7.97% | 8.87% |
| Price to Book | 7.49 x | 5.24 x | 5.63 x | 4.76 x | - | 4.21 x | 3.87 x | 3.51 x |
| Nbr of stocks (in thousands) | 4,280,733 | 4,222,296 | 4,214,205 | 4,140,964 | 4,075,058 | 4,049,187 | - | - |
| Reference price 2 | 56.93 | 46.71 | 55.07 | 45.37 | 52.09 | 48.95 | 48.95 | 48.95 |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 51,904 | 49,301 | 49,818 | 51,557 | 56,998 | 53,540 | 56,483 | 58,481 |
| EBITDA 1 | 18,613 | 18,458 | 18,564 | 19,302 | 20,797 | 19,380 | 20,338 | 21,041 |
| EBIT 1 | 16,716 | 16,650 | 16,702 | 17,345 | 19,071 | 18,225 | 19,304 | 20,364 |
| Operating Margin | 32.21% | 33.77% | 33.53% | 33.64% | 33.46% | 34.04% | 34.18% | 34.82% |
| Earnings before Tax (EBT) 1 | 14,571 | 13,970 | 13,262 | 14,477 | 15,318 | 13,269 | 13,794 | 15,549 |
| Net income 1 | 11,621 | 11,214 | 10,591 | 11,812 | 12,613 | 11,054 | 11,440 | 12,870 |
| Net margin | 22.39% | 22.75% | 21.26% | 22.91% | 22.13% | 20.65% | 20.25% | 22.01% |
| EPS 2 | 2.610 | 2.640 | 2.500 | 2.820 | 3.070 | 2.698 | 2.812 | 3.206 |
| Free Cash Flow 1 | 14,922 | 14,656 | 14,762 | 12,749 | 13,304 | 10,781 | 16,582 | 17,761 |
| FCF margin | 28.75% | 29.73% | 29.63% | 24.73% | 23.34% | 20.14% | 29.36% | 30.37% |
| FCF Conversion (EBITDA) | 80.17% | 79.4% | 79.52% | 66.05% | 63.97% | 55.63% | 81.53% | 84.41% |
| FCF Conversion (Net income) | 128.41% | 130.69% | 139.38% | 107.93% | 105.48% | 97.53% | 144.95% | 138% |
| Dividend per Share 2 | 1.360 | 1.420 | 1.460 | 1.500 | 1.540 | 1.574 | 1.616 | 1.674 |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 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 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 12,900 | 12,720 | 12,835 | 13,102 | 13,632 | 13,592 | 14,571 | 15,203 | 14,668 | 12,791 | 12,626 | 13,542 | 14,078 | 14,239 | 13,891 |
| EBITDA 1 | 4,823 | 4,880 | 4,930 | 4,669 | 4,753 | 4,852 | 5,392 | 5,800 | 5,774 | 4,637 | 4,468 | 4,674 | 4,716 | 5,088 | 4,888 |
| EBIT 1 | 4,290 | 4,364 | 4,452 | 4,239 | 4,338 | 4,414 | 4,941 | 5,378 | 5,373 | 4,215 | 4,178 | 4,455 | 4,761 | 4,946 | 4,702 |
| Operating Margin | 33.26% | 34.31% | 34.69% | 32.35% | 31.82% | 32.47% | 33.91% | 35.37% | 36.63% | 32.95% | 33.09% | 32.9% | 33.81% | 34.74% | 33.85% |
| Earnings before Tax (EBT) 1 | 3,657 | 3,603 | 3,801 | 3,416 | 3,475 | 3,415 | 3,957 | 4,471 | 4,442 | 3,161 | 2,688 | 2,911 | 3,408 | 3,431 | 3,361 |
| Net income 1 | 2,980 | 2,973 | 3,044 | 2,815 | 2,670 | 2,773 | 3,212 | 3,958 | 3,638 | 2,634 | 2,280 | 2,503 | 2,828 | 3,046 | 2,902 |
| Net margin | 23.1% | 23.37% | 23.72% | 21.49% | 19.59% | 20.4% | 22.04% | 26.03% | 24.8% | 20.59% | 18.06% | 18.48% | 20.09% | 21.39% | 20.89% |
| EPS 2 | 0.7000 | 0.7100 | 0.7300 | 0.6800 | 0.6500 | 0.6700 | 0.7800 | 0.9700 | 0.8900 | 0.6500 | 0.5580 | 0.6072 | 0.6787 | 0.7411 | 0.7032 |
| Dividend per Share 2 | 0.3700 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | 0.3800 | - | 0.3900 | 0.3900 | 0.3900 | 0.3983 | 0.3983 | 0.4000 | 0.4000 | 0.4200 |
| Announcement Date | 11/17/21 | 2/16/22 | 5/18/22 | 8/17/22 | 11/16/22 | 2/15/23 | 5/17/23 | 8/16/23 | 11/15/23 | 2/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | 9,756 | 9,952 | 2,070 |
| Net Cash position 1 | 8,747 | 14,836 | 12,992 | 9,752 | 17,755 | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | 0.5034 x | 0.4894 x | 0.0984 x |
| Free Cash Flow 1 | 14,922 | 14,656 | 14,762 | 12,749 | 13,304 | 10,781 | 16,582 | 17,761 |
| ROE (net income / shareholders' equity) | 35.9% | 38.2% | 34.4% | 34.8% | 38% | 32.2% | 29.9% | 29.4% |
| ROA (Net income/ Total Assets) | 13.3% | 14.2% | 14.2% | 14.7% | 12.9% | 11.2% | 9.79% | 10.5% |
| Assets 1 | 87,062 | 79,087 | 74,700 | 80,246 | 97,927 | 98,894 | 116,875 | 122,779 |
| Book Value Per Share 2 | 7.600 | 8.910 | 9.780 | 9.540 | - | 11.60 | 12.60 | 13.90 |
| Cash Flow per Share 2 | 3.560 | 3.630 | 3.650 | 3.160 | 3.390 | 3.180 | 3.970 | 4.140 |
| Capex 1 | 909 | 770 | 692 | 477 | 849 | 680 | 716 | 747 |
| Capex / Sales | 1.75% | 1.56% | 1.39% | 0.93% | 1.49% | 1.27% | 1.27% | 1.28% |
| Announcement Date | 8/14/19 | 8/12/20 | 8/18/21 | 8/17/22 | 8/16/23 | - | - | - |
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
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
48.95
USD
Average target price
53.67
USD
Spread / Average Target
+9.65%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -3.11% | 198B | |
| +33.18% | 98.29B | |
| +57.41% | 65.37B | |
| +15.32% | 60.22B | |
| +32.18% | 32.64B | |
| +19.82% | 21.85B | |
| +46.51% | 17.99B | |
| -1.89% | 19.07B | |
| +8.35% | 17.71B | |
| +16.82% | 11.19B |
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