PSTG — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

Model	Intrinsic Value	vs Price ($65.53)
DCF	$10367.62	+15721.2%
Graham Number	$6.12	-90.7%
Reverse DCF	—	implied g: 24.4%
DDM	—	—
EV/EBITDA	$65.59	+0.1%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $380.33M

Near-term growth (yrs 1–5)(%)Rev: 20.4% / EPS: 140.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.19%

Computed WACC: 11.19%

Cost of equity (Re)11.30%(Rf 4.30% + β 1.27 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)99.01%

Debt weight (D/V)0.99%

Results

Intrinsic Value / share$6705.85

Current Price$65.53

Upside / Downside+10133.3%

Net Debt (used)-$1.33B

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	132.6%	136.6%	140.6%	144.6%	148.6%
7.0%	$14499.78	$15788.42	$17167.14	$18640.60	$20213.59
8.0%	$11075.81	$12059.78	$13112.52	$14237.58	$15438.62
9.0%	$8757.84	$9535.56	$10367.62	$11256.83	$12206.09
10.0%	$7099.43	$7729.60	$8403.79	$9124.27	$9893.39
11.0%	$5864.59	$6384.90	$6941.55	$7536.41	$8171.41

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $0.38

Book Value / share($)Yahoo: $4.38

Results

Graham Number$6.12

Current Price$65.53

Margin of Safety-90.7%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.19%

Terminal growth rate(%)

Computed WACC: 11.19%

Cost of equity (Re)11.30%(Rf 4.30% + β 1.27 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)99.01%

Debt weight (D/V)0.99%

Results

Current Price$65.53

Implied Near-term FCF Growth31.0%

Historical Revenue Growth20.4%

Historical Earnings Growth140.6%

Base FCF (TTM)$380.33M

Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$65.53

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $264.10M

Target EV/EBITDA multipleCurrent: 77.0×

Net Debt($B)Default: -$1.33B

Results

Implied Equity Value / share$65.59

Current Price$65.53

Upside / Downside+0.1%

Implied EV$20.32B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.33B	-$1.33B	-$1.33B	-$1.33B	-$1.33B
73.0x	$62.39	$62.39	$62.39	$62.39	$62.39
75.0x	$63.99	$63.99	$63.99	$63.99	$63.99
77.0x	$65.59	$65.59	$65.59	$65.59	$65.59
79.0x	$67.19	$67.19	$67.19	$67.19	$67.19
81.0x	$68.79	$68.79	$68.79	$68.79	$68.79

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