Company Valuation: EPAM Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 20,064 37,914 18,849 17,157 13,263 9,523 - -
Change - 88.97% -50.28% -8.98% -22.7% -28.19% - -
Enterprise Value (EV) 1 18,741 36,468 17,168 15,120 14,549 8,101 7,346 6,707
Change - 94.58% -52.92% -11.93% -3.78% -44.32% -9.31% -8.7%
P/E ratio 64x 82x 46.2x 42.1x 29.8x 24.3x 19.7x 16.8x
PBR 10.1x 15.3x 6.3x 4.95x 3.66x 2.39x 2.01x 1.73x
PEG - 1.8x -3.6x -99.5x 2.7x -2x 0.8x 1x
Capitalization / Revenue 7.54x 10.1x 3.91x 3.66x 2.81x 1.78x 1.66x 1.51x
EV / Revenue 7.05x 9.7x 3.56x 3.22x 3.08x 1.51x 1.28x 1.06x
EV / EBITDA 35.8x 47.9x 19.3x 18.1x 17.3x 9.39x 7.65x 6.13x
EV / EBIT 39.6x 53.8x 21x 19.8x 18.7x 10.1x 8.31x 6.62x
EV / FCF 39.4x 79.1x 44.9x 28.3x 27.6x 15.6x 10.8x 8.55x
FCF Yield 2.54% 1.26% 2.23% 3.53% 3.62% 6.39% 9.23% 11.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.6 8.15 7.09 7.06 7.84 6.904 8.518 9.993
Distribution rate - - - - - - - -
Net sales 1 2,659 3,758 4,825 4,691 4,728 5,356 5,748 6,313
EBITDA 1 523.2 761.6 888.3 834.2 839.3 862.5 960.9 1,094
EBIT 1 472.7 678.2 818.2 765.1 779.2 798.2 884 1,014
Net income 1 327.2 481.7 419.4 417.1 454.5 391 478.4 557.6
Net Debt 1 -1,322 -1,447 -1,681 -2,036 1,286 -1,423 -2,177 -2,816
Reference price 2 358.35 668.45 327.74 297.34 233.82 168.10 168.10 168.10
Nbr of stocks (in thousands) 55,989 56,720 57,513 57,700 56,721 56,653 - -
Announcement Date 2/18/21 2/17/22 2/16/23 2/15/24 2/20/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.35x1.51x9.39x-.--% 9.52B
31.59x4.48x17.08x2.38% 258B
21.7x2.48x13.09x2.07% 175B
22.81x4.26x15.91x3.74% 136B
30.4x6.08x20.94x1.94% 123B
-799.98x23.84x93.37x-.--% 119B
35.29x8.15x20.48x1.67% 98.75B
23.13x3.56x14.7x3.32% 75.68B
-51.03x15.02x121.26x-.--% 71.24B
24.55x3.31x15.49x3.79% 51.03B
Average -63.72x 7.27x 34.17x 1.89% 111.7B
Weighted average by Cap. -65.42x 7.23x 31.49x 2.09%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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