Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

CrowdStrike Holdings Inc., EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Add: Net income attributable to noncontrolling interest 1,258 960 2,424
Add: Income tax expense 32,232 22,402 72,355 4,760 1,997
Earnings before tax (EBT) 122,817 (159,883) (160,023) (87,869) (139,782)
Add: Interest expense 25,756 25,319 25,231 1,559 442
Earnings before interest and tax (EBIT) 148,573 (134,564) (134,792) (86,310) (139,340)
Add: Depreciation and amortization 126,838 77,245 55,908 38,710 23,026
Add: Amortization of intangible assets 18,416 16,565 12,902 1,448 487
Earnings before interest, tax, depreciation and amortization (EBITDA) 293,827 (40,754) (65,982) (46,152) (115,827)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

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. CrowdStrike Holdings Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

CrowdStrike Holdings Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 72,368,485
Earnings before interest, tax, depreciation and amortization (EBITDA) 293,827
Valuation Ratio
EV/EBITDA 246.30
Benchmarks
EV/EBITDA, Competitors1
Accenture PLC 20.50
Adobe Inc. 27.88
Autodesk Inc. 49.81
Cadence Design Systems Inc. 48.87
International Business Machines Corp. 17.57
Intuit Inc. 37.71
Microsoft Corp. 23.28
Oracle Corp. 26.00
Palo Alto Networks Inc. 93.69
Salesforce Inc. 29.93
ServiceNow Inc. 116.62
Synopsys Inc. 48.67
EV/EBITDA, Sector
Software & Services 31.02
EV/EBITDA, Industry
Information Technology 36.26

Based on: 10-K (reporting date: 2024-01-31).

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

CrowdStrike Holdings Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 77,040,232 26,759,359 42,522,195 41,404,219 10,058,246
Earnings before interest, tax, depreciation and amortization (EBITDA)2 293,827 (40,754) (65,982) (46,152) (115,827)
Valuation Ratio
EV/EBITDA3 262.20
Benchmarks
EV/EBITDA, Competitors4
Accenture PLC 19.87 17.26 14.25 23.31 17.46
Adobe Inc. 34.07 22.32 35.44 43.06
Autodesk Inc. 37.67 36.84 53.83 79.27 69.31
Cadence Design Systems Inc. 55.61 42.11 39.61 45.75
International Business Machines Corp. 14.41 22.17 12.53 12.28
Intuit Inc. 38.55 38.71 36.22 51.96 35.70
Microsoft Corp. 23.66 22.92 20.17 24.59 21.74
Oracle Corp. 21.81 21.80 17.12 13.78 11.54
Palo Alto Networks Inc. 84.17 85.08 515.16 349.95
Salesforce Inc. 31.74 38.42 38.91 33.92 49.78
ServiceNow Inc. 96.48 104.30 147.45 220.91
Synopsys Inc. 54.59 36.73 53.43 42.24
EV/EBITDA, Sector
Software & Services 24.84 22.25 25.32 22.51
EV/EBITDA, Industry
Information Technology 23.77 18.68 20.68 19.72

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 77,040,232 ÷ 293,827 = 262.20

4 Click competitor name to see calculations.