Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Axon Enterprise Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Axon Enterprise Inc. EBITDA decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level. |
Enterprise Value to EBITDA Ratio, Current
Axon Enterprise Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 16,462,372) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 221,387) |
| Valuation Ratio | |
| EV/EBITDA | 74.36 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Boeing Co. | 60.46 |
| Caterpillar Inc. | 13.19 |
| Cummins Inc. | 15.14 |
| Eaton Corp. plc | 26.05 |
| General Electric Co. | 12.00 |
| Honeywell International Inc. | 15.34 |
| Lockheed Martin Corp. | 12.27 |
| RTX Corp. | 17.90 |
| EV/EBITDA, Sector | |
| Capital Goods | 20.97 |
| EV/EBITDA, Industry | |
| Industrials | 19.15 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Axon Enterprise Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 14,294,307) | 9,071,780) | 9,993,624) | 4,254,913) | 2,914,981) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 221,387) | (122,653) | 6,239) | 13,477) | 38,805) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 64.57 | — | 1,601.80 | 315.72 | 75.12 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Boeing Co. | — | — | — | 284.02 | — | |
| Caterpillar Inc. | 13.86 | 12.43 | 19.87 | 9.66 | — | |
| Cummins Inc. | 10.89 | 9.57 | 12.03 | 7.34 | — | |
| Eaton Corp. plc | 19.18 | 17.06 | 22.11 | 12.86 | — | |
| General Electric Co. | 14.82 | 95.57 | 9.35 | 13.66 | — | |
| Honeywell International Inc. | 18.01 | 15.57 | 20.21 | 14.95 | — | |
| Lockheed Martin Corp. | 14.98 | 11.97 | 9.97 | 14.86 | — | |
| RTX Corp. | 14.92 | 15.48 | 41.71 | 12.60 | — | |
| EV/EBITDA, Sector | ||||||
| Capital Goods | 18.44 | 19.12 | 23.95 | 15.70 | — | |
| EV/EBITDA, Industry | ||||||
| Industrials | 16.80 | 15.95 | 26.00 | 17.09 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 14,294,307 ÷ 221,387 = 64.57
4 Click competitor name to see calculations.