Financials Electronic Arts Inc.

Equities

EA

US2855121099

Software

Real-time Estimate Cboe BZX 12:27:23 2024-06-11 pm EDT 5-day change 1st Jan Change
135.9 USD -0.25% Intraday chart for Electronic Arts Inc. -0.57% -0.80%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 29,017 38,936 35,577 33,031 35,469 36,416 - -
Enterprise Value (EV) 1 23,679 34,446 34,393 32,144 34,089 34,756 34,146 32,973
P/E ratio 9.73 x 47.2 x 45.8 x 41.8 x 28.3 x 33.2 x 26.5 x 22.5 x
Yield - 0.25% 0.54% 0.63% 0.57% 0.58% 0.61% 0.61%
Capitalization / Revenue 5.57 x 6.29 x 4.73 x 4.5 x 4.77 x 4.85 x 4.46 x 4.27 x
EV / Revenue 4.54 x 5.56 x 4.58 x 4.38 x 4.59 x 4.63 x 4.18 x 3.86 x
EV / EBITDA 13 x 15.3 x 11.5 x 11.6 x 12.8 x 13.1 x 11.7 x 10.7 x
EV / FCF 14.3 x 19 x 20.1 x 23.9 x 16.1 x 18.3 x 14.4 x 12.6 x
FCF Yield 7% 5.25% 4.97% 4.18% 6.21% 5.47% 6.96% 7.94%
Price to Book 3.96 x 5.04 x 4.75 x 4.51 x 4.77 x 4.66 x 4.3 x 3.94 x
Nbr of stocks (in thousands) 289,674 287,626 281,222 274,228 267,350 267,350 - -
Reference price 2 100.2 135.4 126.5 120.4 132.7 136.2 136.2 136.2
Announcement Date 5/5/20 5/11/21 5/10/22 5/9/23 5/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 5,211 6,190 7,515 7,341 7,430 7,513 8,171 8,534
EBITDA 1 1,816 2,257 2,983 2,764 2,656 2,655 2,920 3,069
EBIT 1 1,666 2,076 2,497 2,228 2,252 2,403 2,712 2,939
Operating Margin 31.97% 33.54% 33.23% 30.35% 30.31% 31.98% 33.19% 34.44%
Earnings before Tax (EBT) 1 1,508 1,017 1,081 1,326 1,589 1,584 1,777 2,146
Net income 1 3,039 837 789 802 1,273 1,123 1,357 1,603
Net margin 58.32% 13.52% 10.5% 10.92% 17.13% 14.95% 16.61% 18.79%
EPS 2 10.30 2.870 2.760 2.880 4.680 4.107 5.136 6.042
Free Cash Flow 1 1,657 1,810 1,711 1,343 2,116 1,903 2,375 2,616
FCF margin 31.8% 29.24% 22.77% 18.29% 28.48% 25.32% 29.07% 30.66%
FCF Conversion (EBITDA) 91.24% 80.19% 57.36% 48.59% 79.67% 71.66% 81.34% 85.24%
FCF Conversion (Net income) 54.52% 216.25% 216.86% 167.46% 166.22% 169.45% 175.03% 163.19%
Dividend per Share 2 - 0.3400 0.6800 0.7600 0.7600 0.7922 0.8318 0.8350
Announcement Date 5/5/20 5/11/21 5/10/22 5/9/23 5/7/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 2,577 1,751 1,299 1,754 2,342 1,946 1,578 1,820 2,366 1,666 1,212 1,897 2,572 1,834 1,257
EBITDA 1 1,270 654 281 626 1,089 768 458 562 1,056 580 204 653.2 1,230 653.3 240.4
EBIT 1 1,124 513 167 499 967 595 370 477 974 431 124.9 572.2 1,148 587.7 161.5
Operating Margin 43.62% 29.3% 12.86% 28.45% 41.29% 30.58% 23.45% 26.21% 41.17% 25.87% 10.31% 30.17% 44.64% 32.04% 12.84%
Earnings before Tax (EBT) 1 91 356 436 427 282 181 556 391 382 260 332.8 400.5 435.2 312.1 -
Net income 1 66 225 311 299 204 -12 402 399 290 182 239.8 214.9 375.1 253.8 329.7
Net margin 2.56% 12.85% 23.94% 17.05% 8.71% -0.62% 25.48% 21.92% 12.26% 10.92% 19.78% 11.33% 14.58% 13.83% 26.22%
EPS 2 0.2300 0.8000 1.110 1.070 0.7300 -0.0400 1.470 1.470 1.070 0.6700 0.8867 0.8392 1.312 0.9805 1.250
Dividend per Share 2 0.1700 0.1700 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.1900 0.2033 0.2100 0.2033 0.2100 -
Announcement Date 2/1/22 5/10/22 8/2/22 11/1/22 1/31/23 5/9/23 8/1/23 11/1/23 1/30/24 5/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 5,338 4,490 1,184 887 1,380 1,659 2,269 3,443
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 1,657 1,810 1,711 1,343 2,116 1,903 2,375 2,617
ROE (net income / shareholders' equity) 47.5% 21.7% 26% 24.1% 17.2% 24.5% 25.1% 25.2%
ROA (Net income/ Total Assets) 30.3% 6.86% 14.8% 5.88% 9.47% 8.39% 11.6% 11%
Assets 1 10,035 12,200 5,321 13,629 13,439 13,383 11,712 14,575
Book Value Per Share 2 25.30 26.80 26.70 26.70 27.80 29.20 31.70 34.60
Cash Flow per Share 2 6.090 6.620 6.640 5.580 8.510 8.200 9.070 10.50
Capex 1 140 124 188 207 199 198 218 210
Capex / Sales 2.69% 2% 2.5% 2.82% 2.68% 2.64% 2.66% 2.46%
Announcement Date 5/5/20 5/11/21 5/10/22 5/9/23 5/7/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
136.2 USD
Average target price
150.5 USD
Spread / Average Target
+10.52%
Consensus
1st Jan change Capi.
-0.80% 36.42B
-23.50% 206B
+1.45% 59.57B
-22.75% 56.44B
-14.65% 46.68B
-6.67% 37.8B
-11.14% 28.22B
+85.03% 26.45B
-0.39% 21.02B
+7.27% 14.39B
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