Pure Storage, Inc.
PSTG
Computer Storage Devices
Mkt Cap
$19.5BPE
317.98Debt
$100MCash
$712.1MEV
$18.88BFCF
$482.6MP/E Ratio
317.98Debt
$100MCash
$712.1MEV
$18.88BFCF
$482.6MCharts data: {"Earnings":[{"time":"2015-01-30","value":-183231000},{"time":"2016-01-30","value":-213752000},{"time":"2017-01-30","value":-245066000},{"time":"2018-01-30","value":-177602000},{"time":"2019-01-30","value":-178362000},{"time":"2020-02-01","value":-200987000},{"time":"2021-01-30","value":-282076000},{"time":"2022-02-05","value":-143259000},{"time":"2023-02-04","value":73071000},{"time":"2024-02-03","value":61311000}],"Sales":[{"time":"2015-01-30","value":174451000},{"time":"2016-01-30","value":440333000},{"time":"2017-01-30","value":739171000},{"time":"2018-01-30","value":1024762000},{"time":"2019-01-30","value":1359824000},{"time":"2020-02-01","value":1643440000},{"time":"2021-01-30","value":1684179000},{"time":"2022-02-05","value":2180848000},{"time":"2023-02-04","value":2753434000},{"time":"2024-02-03","value":2830621000}],"Net Margins":[{"time":"2015-01-30","value":-1.050329318834515},{"time":"2016-01-30","value":-0.48543261577033747},{"time":"2017-01-30","value":-0.3315416865650844},{"time":"2018-01-30","value":-0.1733104857518136},{"time":"2019-01-30","value":-0.13116550377107625},{"time":"2020-02-01","value":-0.12229652436353015},{"time":"2021-01-30","value":-0.16748576012407232},{"time":"2022-02-05","value":-0.06568958496878279},{"time":"2023-02-04","value":0.026538133835784697},{"time":"2024-02-03","value":0.02165991137633756}],"Assets":[{"time":"2015-01-30","value":361819000},{"time":"2016-01-30","value":870783000},{"time":"2017-01-30","value":899745000},{"time":"2018-01-30","value":1079407000},{"time":"2019-01-30","value":1973025000},{"time":"2020-02-01","value":2364204000},{"time":"2021-01-30","value":2819440000},{"time":"2022-02-05","value":3135315000},{"time":"2023-02-04","value":3543460000},{"time":"2024-02-03","value":3655760000}],"Stockholders Equity":[{"time":"2015-01-30","value":-299830000},{"time":"2016-01-30","value":563354000},{"time":"2017-01-30","value":478430000},{"time":"2018-01-30","value":497906000},{"time":"2019-01-30","value":737780000},{"time":"2020-02-01","value":830118000},{"time":"2021-01-30","value":750006000},{"time":"2022-02-05","value":754336000},{"time":"2023-02-04","value":941233000},{"time":"2024-02-03","value":1270094000}],"ROE":[{"time":"2015-01-30","value":0.6111162992362339},{"time":"2016-01-30","value":-0.3794275002928887},{"time":"2017-01-30","value":-0.5122295842652007},{"time":"2018-01-30","value":-0.3566978505983057},{"time":"2019-01-30","value":-0.24175499471387135},{"time":"2020-02-01","value":-0.24211859036908007},{"time":"2021-01-30","value":-0.376098324546737},{"time":"2022-02-05","value":-0.18991404360921393},{"time":"2023-02-04","value":0.07763327465144125},{"time":"2024-02-03","value":0.04827280500498388}],"ROA":[{"time":"2015-01-30","value":-0.4988184700084849},{"time":"2016-01-30","value":-0.24137012321094922},{"time":"2017-01-30","value":-0.2702754669378546},{"time":"2018-01-30","value":-0.1609337349118544},{"time":"2019-01-30","value":-0.08578553236781085},{"time":"2020-02-01","value":-0.08090799271128887},{"time":"2021-01-30","value":-0.09258327894901115},{"time":"2022-02-05","value":-0.03138376845707688},{"time":"2023-02-04","value":0.025909139654462024},{"time":"2024-02-03","value":0.02477897892640655}]}
Pure Storage, Inc., together with its subsidiaries, provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array. The company also provides FlashBlade, a solution for unstructured data workloads of various types; FlashStack that combines compute, network, and storage to provide an infrastructure platform; FlashRecover, an all-flash modern data protection solution; and AIRI, a full-stack AI-ready infrastructure. In addition, it offers evergreen storage subscription and Cloud Block Store, as well as Portworx a cloud-native Kubernetes data management solution It also offers technical and professional, training and education, and certification services. The company sells its products and subscription services through direct sales force and channel partners. The company was formerly known as OS76, Inc. and changed its name to Pure Storage, Inc. in January 2010. Pure Storage, Inc. was incorporated in 2009 and is headquartered in Mountain View, California.
Sector
DCF
Discounted Cash Flow Valuation of Pure Storage, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $482.6M | $627.3M | $798.1M | $993.2M | $1.208B | $1.437B | $1.668B | $1.891B | $2.09B | $2.253B | $2.365B | $23.65B |
| DCF | $545.5M | $603.5M | $653M | $690.9M | $714.3M | $721.2M | $710.7M | $683.2M | $640.3M | $584.7M | $5.847B | |
| Value | $12.39B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 160%
Earnings Stability -80%
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 | 01-2016 | 01-2017 | 01-2018 | 01-2019 | 02-2020 | 01-2021 | 02-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -49% | -33% | -17% | -13% | -12% | -17% | -6.6% | 2.7% | 2.2% | 2.2% |
| ROA | -24% | -27% | -16% | -8.6% | -8.1% | -9.3% | -3.1% | 2.6% | 2.5% | 2.5% |
| ROE | -38% | -51% | -36% | -24% | -24% | -38% | -19% | 7.8% | 4.8% | 4.8% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -7.31%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +3.75%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -4%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +2.67%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -15.4%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +7.42%.
Safety & Stabiliy
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 | 01-2016 | 01-2017 | 01-2018 | 01-2019 | 02-2020 | 01-2021 | 02-2022 | 02-2023 | 02-2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | 0.00 | 7.01 | 4.69 | 8.16 | 2.56 | 0.94 | 0.21 | 0.21 |
| Debt Equity | - | - | 0.00 | 0.61 | 0.57 | 1.01 | 1.04 | 0.61 | 0.08 | 0.08 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | - | - | - | - | - |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 0.21.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -1.45.
What is the Graham’s Stability?
Graham’s Stability measure stands at -.
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 | 01-2017 | 01-2019 | 01-2021 | 02-2023 | Trend |
|---|---|---|---|---|---|
| Revenue | 21% | 16% | 19% | 2.8% | -13% |
| Net Income | - | - | - | -16% | - |
| Stockholders Equity | 15% | 11% | 19% | 35% | 3.4% |
| FCF | - | 50% | 73% | -21% | -98% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +15.79%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -12.86%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +11.48%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +3.44%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +49.7%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -97.55%.