Cloudflare Inc
NYSE:NET

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Cloudflare Inc
NYSE:NET
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Price: 110.71 USD -1.7% Market Closed
Market Cap: 38B USD
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Relative Value

The Relative Value of one NET stock under the Base Case scenario is 24.93 USD. Compared to the current market price of 110.71 USD, Cloudflare Inc is Overvalued by 77%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NET Relative Value
Base Case
24.93 USD
Overvaluation 77%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
41
vs Industry
5
Median 3Y
20.4
Median 5Y
22.6
Industry
2.4
Forward
22.6
vs History
vs Industry
Median 3Y
-126.8
Median 5Y
-127.3
Industry
23
Forward
147.1
vs History
41
vs Industry
6
Median 3Y
111.5
Median 5Y
105.6
Industry
17.3
vs History
6
vs Industry
3
Median 3Y
26.4
Median 5Y
29.2
Industry
20.9
vs History
20
vs Industry
2
Median 3Y
33.5
Median 5Y
31
Industry
2.9
vs History
41
vs Industry
5
Median 3Y
20.2
Median 5Y
21.6
Industry
2.4
Forward
22.3
vs History
41
vs Industry
7
Median 3Y
26.3
Median 5Y
28.5
Industry
4.8
vs History
vs Industry
Median 3Y
-290
Median 5Y
-290
Industry
13
Forward
108.1
vs History
vs Industry
Median 3Y
-121.3
Median 5Y
-131.9
Industry
16.5
Forward
168.4
vs History
41
vs Industry
6
Median 3Y
110
Median 5Y
104.1
Industry
16.3
vs History
17
vs Industry
3
Median 3Y
173
Median 5Y
-105.9
Industry
18.9
vs History
39
vs Industry
3
Median 3Y
25.1
Median 5Y
28.5
Industry
2.4

Multiples Across Competitors

NET Competitors Multiples
Cloudflare Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Cloudflare Inc
NYSE:NET
38B USD 24.2 -404.8 -1 063.2 -229.9
CA
Shopify Inc
NYSE:SHOP
131.4B USD 16 95 129.7 134.9
US
Snowflake Inc.
NYSE:SNOW
54.4B USD 15.9 -48.3 -45.4 -39.7
US
GoDaddy Inc
NYSE:GDDY
27.2B USD 6.1 14.7 29.9 34.7
US
Verisign Inc
NASDAQ:VRSN
20.2B USD 13.1 23.5 19.3 20
US
MongoDB Inc
NASDAQ:MDB
17.9B USD 9.3 -89.2 -62.6 -58.1
US
Twilio Inc
NYSE:TWLO
16.8B USD 3.9 -36.3 128.3 -144.7
US
Okta Inc
NASDAQ:OKTA
14.3B USD 5.6 -366.8 -234.1 -90.6
US
Akamai Technologies Inc
NASDAQ:AKAM
13.5B USD 3.4 25.7 10.5 19.6
IL
Wix.Com Ltd
NASDAQ:WIX
12.3B USD 7.2 132 112.8 164.5
US
Switch Inc
F:821
7.7B EUR 11.9 21 33.2 104.7
P/S Multiple
Revenue Growth P/S to Growth
US
Cloudflare Inc
NYSE:NET
Average P/S: 10.6
24.2
27%
0.9
CA
Shopify Inc
NYSE:SHOP
16
23%
0.7
US
Snowflake Inc.
NYSE:SNOW
15.9
25%
0.6
US
GoDaddy Inc
NYSE:GDDY
6.1
8%
0.8
US
Verisign Inc
NASDAQ:VRSN
13.1
4%
3.3
US
MongoDB Inc
NASDAQ:MDB
9.3
19%
0.5
US
Twilio Inc
NYSE:TWLO
3.9
8%
0.5
US
Okta Inc
NASDAQ:OKTA
5.6
12%
0.5
US
Akamai Technologies Inc
NASDAQ:AKAM
3.4
7%
0.5
IL
Wix.Com Ltd
NASDAQ:WIX
7.2
14%
0.5
US
S
Switch Inc
F:821
11.9
N/A N/A
P/E Multiple
Earnings Growth PEG
US
Cloudflare Inc
NYSE:NET
Average P/E: 52
Negative Multiple: -404.8
N/A N/A
CA
Shopify Inc
NYSE:SHOP
95
166%
0.6
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -48.3 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
14.7
-5%
N/A
US
Verisign Inc
NASDAQ:VRSN
23.5
3%
7.8
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -89.2 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -36.3 N/A N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -366.8 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
25.7
28%
0.9
IL
Wix.Com Ltd
NASDAQ:WIX
132
144%
0.9
US
S
Switch Inc
F:821
21
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBITDA: 66.2
Negative Multiple: -1 063.2
N/A N/A
CA
Shopify Inc
NYSE:SHOP
129.7
230%
0.6
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -45.4 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
29.9
29%
1
US
Verisign Inc
NASDAQ:VRSN
19.3
5%
3.9
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -62.6 N/A N/A
US
Twilio Inc
NYSE:TWLO
128.3
N/A N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -234.1 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
10.5
15%
0.7
IL
Wix.Com Ltd
NASDAQ:WIX
112.8
162%
0.7
US
S
Switch Inc
F:821
33.2
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Cloudflare Inc
NYSE:NET
Average EV/EBIT: 79.8
Negative Multiple: -229.9
N/A N/A
CA
Shopify Inc
NYSE:SHOP
134.9
655%
0.2
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -39.7 N/A N/A
US
GoDaddy Inc
NYSE:GDDY
34.7
28%
1.2
US
Verisign Inc
NASDAQ:VRSN
20
4%
5
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -58.1 N/A N/A
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -144.7 N/A N/A
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -90.6 N/A N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
19.6
23%
0.9
IL
Wix.Com Ltd
NASDAQ:WIX
164.5
311%
0.5
US
S
Switch Inc
F:821
104.7
N/A N/A