Axon Enterprise
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solut…
Axon Enterprise, Inc. provides public safety technology solutions in the United States and internationally. The company operates in two segments, Software and Services, and Connected Devices. The Software and Services segment develops, manufactures, and sells cloud-based software-as-a-service solutions to capture, store, manage, share, and analyze video and other digital evidence. This segment also offers Axon Evidence, Draft One, Axon Records, Axon Standards, Axon Fusus, Axon Assistant, and others. The Connected Devices segment engages in the development, manufacture, and sale of integrated hardware solutions, such as conducted energy devices under the TASER brand, body cameras, fixed and in-car cameras, drone and counter-drone technologies, accessories, extended warranties, and related hardware products, as well as virtual reality training hardware. The company serves first responders across international, federal, state, and local governments, international governmental entities, commercial enterprises, and consumers through direct sales, distribution partners, and third-party resellers. The company was formerly known as TASER International, Inc. and changed its name to Axon Enterprise, Inc. in April 2017. Axon Enterprise, Inc. was incorporated in 1993 and is headquartered in Scottsdale, Arizona.After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Looks overvalued
Other models: USD 5.42–21.29 (median 13.36). The recommended value is 266% above that median, so treat the upside with extra caution.
Why: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Start with the price and fair value range, then review the data dates and assumptions below. Estimates are not predictions or investment advice.
Market price above modeled range
Normalised free-cash-flow DCF using a three-year average of free cash flow, because the latest figure is depressed by heavy investment or one-off items, with cash, debt, and shares from the latest report. Base assumptions are 17.84% growth, 2.7% terminal growth, and 10% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice. Low confidence: the modelled value is far from the market price, which usually means the model does not capture this company well (for example expected growth well above its history).
Assumptions: growth 17.84%, discount rate 10%, terminal growth 2.70% (sector defaults). See a worked example.
Blended growth assumption: 17.8% (sector default 6.2%, analyst revenue consensus 29.5%).
5-year outlook: relative outlook of about 8.2% a year (Medium confidence), anchored to a 7% market return and adjusted for how this company ranks against others. A ranking aid, not a prediction. See the full forecast.
Analyst consensus expects revenue growth of 29.5% a year; the growth assumption used is 17.8%.
Adjust assumptions
Why this model: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Compare models- Recommended: Normalised free-cash-flow DCF — USD 48.87 (-84.4%)
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EPS-based Gordon proxy
— USD 21.29 (-93.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 16.32 (-94.8%)
Not used: Not chosen: Normalised free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— USD 5.42 (-98.3%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— USD 16.06 (-94.9%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— USD 118.12 (-62.2%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 34.17 | -814.6% |
| Base USD 48.87 | -539.6% |
| Bull USD 75.05 | -316.5% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
The price implies more than 60% annual free-cash-flow growth for 5 years.
Sensitivity: base value per share
How the Normalised free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 8.0% | 9.0% | 10.0% | 11.0% | 12.0% |
|---|---|---|---|---|---|
| 13.8% | 59.81 | 48.73 | 40.70 | 34.62 | 29.85 |
| 15.8% | 65.48 | 53.40 | 44.65 | 38.02 | 32.83 |
| 17.8% | 71.53 | 58.39 | 48.87 | 41.65 | 36.00 |
| 19.8% | 78.00 | 63.71 | 53.36 | 45.52 | 39.39 |
| 21.8% | 84.90 | 69.39 | 58.15 | 49.65 | 42.99 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
6 months price change: -10.38% · USD 382.56 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 48.87). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (7 minutes ago).
07 May 2026Range USD 376.82 – 645.7205 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 60 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +30.3% a year | 20 / 20 |
| Balance sheet | net debt 7.4x EBITDA | 0 / 20 |
| Margins | EBITDA margin 6% | 0 / 20 |
Peers in Industrials
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| AXON (this company) | USD 312.56 | -3554.0% | 98.5 | 6.8 | – | 60 |
| EZJ.L easyJet plc | GBP 6.84 | 74.5% | 10.6 | 1.5 | 1.7% | 78 |
| WAWI.OL Wallenius Wilhelmsen ASA | NOK 160.10 | 64.9% | 7.0 | 2.2 | 0.3% | 100 |
| IAG.L International Consolidated Airlines Group S.A. | GBP 4.34 | 59.3% | 8.0 | 3.4 | 1.8% | 92 |
| TPK.L Travis Perkins plc | GBP 6.56 | 54.6% | – | 0.8 | 2.1% | 46 |
| DFDS.CO DFDS A/S | DKK 152.90 | 47.4% | – | 0.6 | – | 64 |
| SRP.L Serco Group plc | GBP 2.81 | 45.4% | 20.0 | 3.3 | 1.5% | 82 |
| DG.PA VINCI SA | EUR 111.60 | 42.2% | 12.9 | 2.1 | 4.2% | 90 |
| HAFNI.OL Hafnia Limited | NOK 87.45 | 41.9% | 7.1 | 1.8 | 1.3% | 100 |
| Peer median | 9.3 | 1.9 | ||||
Annual financial statement
Saved annual report · Fiscal year 2025 · SEC EDGAR annual filings · period ended 31 Dec 2025
| Revenue | USD 2,779,536,000 |
|---|---|
| EBITDA | USD 21,085,000 |
| EBIT | USD -62,076,000 |
| Net income | USD 124,656,000 |
| Free cash flow | USD 75,081,000 |
| Capital expenditures | USD -136,258,000 |
| Debt | USD 1,810,722,000 |
| Cash | USD 1,201,147,000 |
| Working capital | USD 2,242,905,000 |
| Shares outstanding | 82,370,000 |