Pinterest, Inc.

Technology
Computer Software: Programming, Data Processing
www.pinterest.com

Earnings Score
Moat Score

Market Cap $21.90B
PE 101
Debt $NaN
Cash $1.04B
EV $NaN
FCF $943.78M

Earnings

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Sales & Net Margins

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Earnings	$215.81M
EBIT	$241.87M
ROE	7%
ROA	7%
FCF	$943.78M
Equity	$2.89B
Growth Stability	-116%
PE	101.49
PEG	-49.68
PB	7.57
P/FCF	23.21
P/S	6.31
Price/Cash	0.05
Net Margins	1%
Gross Margins	79%
Op. Margins	7%
Earnings CAGR	-1%
Sales Growth YoY	18%
Sales Growth QoQ	5%
Sales CAGR	30%
FCF CAGR	58%
Equity CAGR	11%
Earnings Stability	-0.4
Earnings Growth YoY	354%

Earnings Growth QoQ	244%
Earnings CAGR 5Y	-2%
Sales CAGR 5Y	25%
FCF CAGR 5Y	114%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	7%
Equity CAGR 3Y	-1%
Market Cap	$21.90B
Revenue	$3.47B
Assets	$3.49B
Cash	$1.04B
Shares Outstanding	678.5M
Earnings Score	6%
Moat Score	69%
Working Capital	2.82B
Current Ratio	7.9
Gross Profit	$2.74B
Shares Growth 3y	2%
Equity Growth QoQ	-10%
Equity Growth YoY	3%

Assets & ROA

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Stockholders Equity & ROE

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Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from recipes to cook to destinations to travel to. Founded in 2010, the platform consists of a largely female audience, at roughly two thirds of its more than 365 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features.

SEC Filings

Direct access to Pinterest, Inc. (PINS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Pinterest, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Pinterest, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -1%

Stability -40%

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Pinterest, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Pinterest, Inc..

Years

Calculation mode

= $461B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$944M	$1.5B	$2.4B	$3.7B	$5.9B	$9.2B	$15B	$23B	$36B	$57B	$90B	$905B
DCF		$1.4B	$1.9B	$2.8B	$4B	$5.7B	$8.2B	$12B	$17B	$24B	$35B	$349B
Value	$461B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-28%	-8%	-119%	-8%	12%	-3%	-1%	1%
ROA	-	-5%	-57%	-5%	9%	-2%	-0%	7%
ROE	-	11%	-67%	-6%	10%	-3%	-1%	7%

Bad Net Margins (0.59%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	-	-	-	-116%	-116%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-116%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	60%	51%	48%	52%	9%	9%	25%
Earnings YoY growth	-	-52%	2K%	-91%	-347%	-130%	-63%	-2%
Equity YoY growth	-	9%	-440%	11%	36%	8%	-6%	11%
FCF YoY growth	-	-43%	-60%	-134%	6K%	-41%	37%	114%