Financials Cloudflare, Inc.

Equities

NET

US18915M1071

IT Services & Consulting

Market Closed - Nyse 04:01:32 2024-06-21 pm EDT 5-day change 1st Jan Change
77.94 USD -0.65% Intraday chart for Cloudflare, Inc. +3.11% -6.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,121 23,352 42,310 14,857 27,956 26,483 - -
Enterprise Value (EV) 1 4,993 22,703 41,647 14,643 27,566 26,111 25,974 26,284
P/E ratio -23.7 x -190 x -158 x -76.6 x -151 x -190 x -210 x -170 x
Yield - - - - - - - -
Capitalization / Revenue 17.8 x 54.2 x 64.5 x 15.2 x 21.6 x 16 x 12.6 x 9.86 x
EV / Revenue 17.4 x 52.7 x 63.4 x 15 x 21.3 x 15.8 x 12.3 x 9.79 x
EV / EBITDA -119 x 1,465 x 699 x 106 x 107 x 86.8 x 64.4 x 47.7 x
EV / FCF -60.7 x -309 x -967 x -732 x 197 x 160 x 115 x 77.3 x
FCF Yield -1.65% -0.32% -0.1% -0.14% 0.51% 0.63% 0.87% 1.29%
Price to Book 3.44 x 27.9 x 52.4 x 85.5 x 36.8 x 29.6 x 24.2 x 18.2 x
Nbr of stocks (in thousands) 300,190 307,301 321,746 328,625 335,772 339,793 - -
Reference price 2 17.06 75.99 131.5 45.21 83.26 77.94 77.94 77.94
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 287 431.1 656.4 975.2 1,297 1,654 2,104 2,685
EBITDA 1 -41.84 15.5 59.58 138 257.8 300.9 403.3 551.5
EBIT 1 -71.19 -33.89 -7.024 35.68 122 162.2 227.2 323.6
Operating Margin -24.8% -7.86% -1.07% 3.66% 9.41% 9.8% 10.8% 12.05%
Earnings before Tax (EBT) 1 -104.7 - -248 -190.7 -177.9 -130.9 -124.2 4.019
Net income 1 -105.8 -119.4 -260.3 -193.4 -183.9 -151.4 -151 -175.3
Net margin -36.87% -27.69% -39.66% -19.83% -14.19% -9.15% -7.18% -6.53%
EPS 2 -0.7200 -0.4000 -0.8300 -0.5900 -0.5500 -0.4102 -0.3716 -0.4590
Free Cash Flow 1 -82.21 -73.5 -43.09 -20.01 140 163.7 226.5 340
FCF margin -28.64% -17.05% -6.56% -2.05% 10.8% 9.89% 10.76% 12.67%
FCF Conversion (EBITDA) - - - - 54.3% 54.39% 56.15% 61.66%
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 193.6 212.2 234.5 253.9 274.7 290.2 308.5 335.6 362.5 378.6 394.5 423.3 456.2 478.7 501.3
EBITDA 1 16.07 24.94 24.45 42.18 46.45 50.87 53.98 76.99 75.99 72.56 68.31 74.95 83.39 93.43 94.86
EBIT 1 2.26 4.921 -0.891 14.83 16.82 19.36 20.3 42.53 39.81 42.44 35.57 40.26 44.44 48.15 51.8
Operating Margin 1.17% 2.32% -0.38% 5.84% 6.12% 6.67% 6.58% 12.67% 10.98% 11.21% 9.02% 9.51% 9.74% 10.06% 10.33%
Earnings before Tax (EBT) 1 -56.93 -41.01 -63.71 -41.17 -44.84 -36.77 -93 -22.28 -25.81 -33.27 -32.89 -31.93 -26.99 -35.7 -30.7
Net income 1 -77.5 -41.38 -63.54 -42.55 -45.92 -38.08 -94.47 -23.54 -27.86 -35.54 -39.9 -38.9 -38.57 -41.41 -41.4
Net margin -40.03% -19.5% -27.09% -16.76% -16.72% -13.12% -30.62% -7.01% -7.69% -9.39% -10.11% -9.19% -8.46% -8.65% -8.26%
EPS 2 -0.2400 -0.1300 -0.2000 -0.1300 -0.1400 -0.1200 -0.2800 -0.0700 -0.0800 -0.1000 -0.1048 -0.1054 -0.1026 -0.1031 -0.1047
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/10/22 5/5/22 8/4/22 11/3/22 2/9/23 4/27/23 8/3/23 11/2/23 2/8/24 5/2/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 128 649 663 214 390 372 510 200
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -82.2 -73.5 -43.1 -20 140 164 226 340
ROE (net income / shareholders' equity) -22.7% -4.55% -1.86% 6.19% 24.5% 25.3% 24.1% 26.7%
ROA (Net income/ Total Assets) -12.3% -3.18% -0.81% 1.79% 6.35% 6.59% 7.33% 7.84%
Assets 1 859.6 3,759 32,276 -10,792 -2,899 -2,299 -2,061 -2,236
Book Value Per Share 2 4.960 2.730 2.510 0.5300 2.260 2.630 3.220 4.280
Cash Flow per Share 2 -0.2700 -0.0600 0.2100 0.3600 0.7400 1.180 1.520 1.560
Capex 1 43.3 56.4 93 144 114 178 220 243
Capex / Sales 15.08% 13.08% 14.17% 14.73% 8.82% 10.78% 10.47% 9.06%
Announcement Date 2/13/20 2/11/21 2/10/22 2/9/23 2/8/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
77.94 USD
Average target price
88.61 USD
Spread / Average Target
+13.69%
Consensus
  1. Stock Market
  2. Equities
  3. NET Stock
  4. Financials Cloudflare, Inc.