Pure Storage, Inc.

LSE:0KSA Stock Report

Market Cap: US$21.0b

Pure Storage Valuation

Is 0KSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0KSA ($64.32) is trading above our estimate of fair value ($51.07)

Significantly Below Fair Value: 0KSA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KSA?

Key metric: As 0KSA is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0KSA. This is calculated by dividing 0KSA's market cap by their current revenue.
What is 0KSA's PS Ratio?
PS Ratio6.8x
SalesUS$3.08b
Market CapUS$21.01b

Price to Sales Ratio vs Peers

How does 0KSA's PS Ratio compare to its peers?

The above table shows the PS ratio for 0KSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
RPI Raspberry Pi Holdings
4.5x9.6%UK£1.1b
HLMA Halma
4.8x5.7%UK£10.3b
CNC Concurrent Technologies
3.1x12.1%UK£113.7m
XAR Xaar
0.9x11.0%UK£56.2m
0KSA Pure Storage
6.8x12.1%US$21.0b

Price-To-Sales vs Peers: 0KSA is expensive based on its Price-To-Sales Ratio (6.8x) compared to the peer average (3.3x).

Price to Sales Ratio vs Industry

How does 0KSA's PS Ratio compare vs other companies in the European Tech Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
0KSA 6.8xIndustry Avg. 0.6xNo. of Companies7PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0KSA is expensive based on its Price-To-Sales Ratio (6.8x) compared to the European Tech industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

What is 0KSA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KSA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.8x
Fair PS Ratio12.1x

Price-To-Sales vs Fair Ratio: 0KSA is good value based on its Price-To-Sales Ratio (6.8x) compared to the estimated Fair Price-To-Sales Ratio (12.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KSA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$64.32
US$71.78
+11.6%
14.5%US$93.00US$47.00n/a21
Dec ’25US$53.11
US$64.86
+22.1%
16.0%US$93.00US$45.00n/a20
Nov ’25US$50.91
US$65.28
+28.2%
16.4%US$93.00US$45.00n/a18
Oct ’25US$48.63
US$64.12
+31.8%
13.3%US$80.00US$45.00n/a18
Sep ’25US$50.85
US$65.80
+29.4%
12.8%US$80.00US$45.00n/a19
Aug ’25US$56.55
US$70.90
+25.4%
12.3%US$80.00US$47.00n/a19
Jul ’25US$65.35
US$70.74
+8.3%
12.9%US$80.00US$44.00n/a19
Jun ’25US$59.59
US$70.56
+18.4%
13.0%US$80.00US$44.00n/a18
May ’25US$50.36
US$56.11
+11.4%
12.9%US$66.00US$44.00n/a18
Apr ’25US$52.12
US$53.56
+2.8%
12.4%US$66.00US$44.00n/a18
Mar ’25US$55.64
US$51.06
-8.2%
8.4%US$60.00US$44.00n/a16
Feb ’25US$40.55
US$42.69
+5.3%
12.3%US$58.00US$35.00n/a16
Jan ’25US$35.70
US$41.75
+16.9%
11.9%US$58.00US$35.00n/a18
Dec ’24US$32.93
US$41.38
+25.7%
11.8%US$58.00US$35.00US$53.1117
Nov ’24US$33.84
US$43.91
+29.8%
10.2%US$58.00US$38.00US$50.9117
Oct ’24US$35.58
US$43.26
+21.6%
6.8%US$50.00US$38.00US$48.6317
Sep ’24US$38.96
US$43.36
+11.3%
6.6%US$50.00US$38.00US$50.8518
Aug ’24US$37.49
US$40.81
+8.8%
10.3%US$47.00US$31.00US$56.5518
Jul ’24US$36.94
US$40.76
+10.4%
10.6%US$47.00US$31.00US$65.3517
Jun ’24US$35.32
US$37.49
+6.2%
10.8%US$47.00US$31.00US$59.5919
May ’24US$22.84
US$35.65
+56.1%
12.8%US$47.00US$30.00US$50.3619
Apr ’24US$25.38
US$35.65
+40.5%
12.8%US$47.00US$30.00US$52.1219
Mar ’24US$28.81
US$38.65
+34.2%
9.5%US$47.00US$32.30US$55.6419
Feb ’24US$28.20
US$38.75
+37.4%
9.5%US$47.00US$32.30US$40.5519
Jan ’24US$26.61
US$38.70
+45.4%
9.6%US$47.00US$32.30US$35.7019
Dec ’23US$29.77
US$38.61
+29.7%
10.1%US$47.00US$30.50US$32.9319

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:33
End of Day Share Price 2024/12/20 00:00
Earnings2024/11/03
Annual Earnings2024/02/04

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Pure Storage, Inc. is covered by 42 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jayson NolandBaird
Ishan MajumdarBaptista Research
Timothy LongBarclays