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Arista Network DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 3.85%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 3%

Last 24 Months Beta: 2.36

Historical Data

Revenue growth in the last 10 years (CAGR): 24.22%

Earnings growth in the last 10 years (CAGR): 40.84%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 25.76%

Future Assumptions

End of Year FCF growth: 15%

Growth until end of 2026: 30%

Growth until end of 2034: 15%

Perpetual growth: 3.2%

Net Debt: -8.844B

Outstanding Stock Options Present Value Assumption: $0.455B

Restricted Stock Units Present Value Assumption: $4.408B

Stock Valuation based on these assumptions: $138

Last update 10/12/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Arista Network (ANET) and I don’t plan to add a position in the coming days.