| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
PSTG Stock Overview
Pure Storage, Inc. provides data storage technologies, products, and services in the United States and internationally.
Pure Storage Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$25.92 |
| 52 Week High | US$36.71 |
| 52 Week Low | US$17.40 |
| Beta | 1.52 |
| 1 Month Change | 6.32% |
| 3 Month Change | -26.59% |
| 1 Year Change | 32.72% |
| 3 Year Change | 66.26% |
| 5 Year Change | 99.39% |
| Change since IPO | 61.90% |
Recent News & Updates
Pure Storage: Flying High
Pure Storage is a fantastic, value-oriented investment during the current volatile market. The company just drove 50% y/y revenue growth in its recently-released first quarter, driven by a pull-in of deal execution. Management notes that the resumption of sales travel has resulted in tremendous new customer growth, especially overseas. Pure Storage still looks very cheap at a ~2.6x forward revenue multiple.
Shareholder Returns
| PSTG | US Tech | US Market | |
|---|---|---|---|
| 7D | 2.4% | 2.7% | 1.6% |
| 1Y | 32.7% | 0.4% | -20.8% |
Return vs Industry: PSTG exceeded the US Tech industry which returned -0.3% over the past year.
Return vs Market: PSTG exceeded the US Market which returned -20.4% over the past year.
Price Volatility
| PSTG volatility | |
|---|---|
| PSTG Average Weekly Movement | 8.6% |
| Tech Industry Average Movement | 9.4% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: PSTG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: PSTG's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 4,300 | Charlie Giancarlo | https://www.purestorage.com |
Pure Storage, Inc. 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.
Pure Storage Fundamentals Summary
| PSTG fundamental statistics | |
|---|---|
| Market Cap | US$7.67b |
| Earnings (TTM) | -US$70.59m |
| Revenue (TTM) | US$2.39b |
3.2x
P/S Ratio-108.7x
P/E RatioIs PSTG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PSTG income statement (TTM) | |
|---|---|
| Revenue | US$2.39b |
| Cost of Revenue | US$771.47m |
| Gross Profit | US$1.62b |
| Other Expenses | US$1.69b |
| Earnings | -US$70.59m |
Last Reported Earnings
May 08, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.24 |
| Gross Margin | 67.70% |
| Net Profit Margin | -2.96% |
| Debt/Equity Ratio | 78.7% |
How did PSTG perform over the long term?
See historical performance and comparisonValuation
Is PSTG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PSTG?
Other financial metrics that can be useful for relative valuation.
| What is PSTG's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$7.67b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3x |
| Enterprise Value/EBITDA | 117.7x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does PSTG's PS Ratio compare to its peers?
| PSTG PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 449.8x | ||
WDC Western Digital | 0.7x | 4.0% | US$14.2b |
NTAP NetApp | 2.3x | 5.3% | US$14.5b |
STX Seagate Technology Holdings | 1.3x | 2.1% | US$15.4b |
CLPE Clear Peak Energy | 1794.9x | n/a | US$4.2b |
PSTG Pure Storage | 3.2x | 13.6% | US$7.7b |
Price-To-Sales vs Peers: PSTG is good value based on its Price-To-Sales Ratio (3.2x) compared to the peer average (449.8x).
Price to Earnings Ratio vs Industry
How does PSTG's PE Ratio compare vs other companies in the US Tech Industry?
Price-To-Sales vs Industry: PSTG is expensive based on its Price-To-Sales Ratio (3.2x) compared to the US Tech industry average (1x)
Price to Sales Ratio vs Fair Ratio
What is PSTG'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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 3.2x |
| Fair PS Ratio | 6.9x |
Price-To-Sales vs Fair Ratio: PSTG is good value based on its Price-To-Sales Ratio (3.2x) compared to the estimated Fair Price-To-Sales Ratio (6.9x).
Share Price vs Fair Value
What is the Fair Price of PSTG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PSTG ($25.92) is trading below our estimate of fair value ($30.53)
Significantly Below Fair Value: PSTG is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSTG's PEG Ratio to determine if it is good value.
Discover undervalued companies
Future Growth
How is Pure Storage forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
Future Growth Score
5/6Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
113.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSTG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: PSTG is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PSTG is expected to become profitable in the next 3 years.
Revenue vs Market: PSTG's revenue (13.6% per year) is forecast to grow faster than the US market (8.3% per year).
High Growth Revenue: PSTG's revenue (13.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PSTG's Return on Equity is forecast to be high in 3 years time (37.9%)
Discover growth companies
Past Performance
How has Pure Storage performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
0.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSTG is currently unprofitable.
Growing Profit Margin: PSTG is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PSTG is unprofitable, but has reduced losses over the past 5 years at a rate of 0.6% per year.
Accelerating Growth: Unable to compare PSTG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PSTG is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (67.6%).
Return on Equity
High ROE: PSTG has a negative Return on Equity (-9.71%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Pure Storage's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: PSTG's short term assets ($1.9B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: PSTG's short term assets ($1.9B) exceed its long term liabilities ($659.9M).
Debt to Equity History and Analysis
Debt Level: PSTG has more cash than its total debt.
Reducing Debt: Insufficient data to determine if PSTG's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable PSTG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: PSTG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 59.9% per year.
Discover healthy companies
Dividend
What is Pure Storage current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PSTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PSTG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PSTG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PSTG's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as PSTG has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.4yrs
Average management tenure
CEO
Charlie Giancarlo (63 yo)
4.83yrs
Tenure
US$9,794,382
Compensation
Mr. Charles H. Giancarlo, also known as Charlie, has been Chief Executive Officer and Director of Pure Storage, Inc. since August 22, 2017 and is also its Chairman since September 2018. Mr. Giancarlo serve...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD9.79M) is about average for companies of similar size in the US market ($USD8.21M).
Compensation vs Earnings: Charlie's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: PSTG's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: PSTG's board of directors are considered experienced (3.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.
Top Shareholders
Company Information
Pure Storage, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Pure Storage, Inc.
- Ticker: PSTG
- Exchange: NYSE
- Founded: 2009
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Implied Market Cap: US$7.673b
- Shares outstanding: 296.02m
- Website: https://www.purestorage.com
Number of Employees
Location
- Pure Storage, Inc.
- 650 Castro Street
- Suite 400
- Mountain View
- California
- 94041
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/29 00:00 |
| End of Day Share Price | 2022/06/29 00:00 |
| Earnings | 2022/05/08 |
| Annual Earnings | 2022/02/06 |
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.