Pure Storage
Market Cap
US$4.9b
Last Updated
2019/11/12 00:17 UTC
Data Sources
Company Financials +
Executive Summary
Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide.
Snowflake
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has Pure Storage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PSTG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.1%
PSTG
1.7%
US Tech
0.3%
US Market
1 Year Return
-2.1%
PSTG
32.8%
US Tech
12.5%
US Market
Return vs Industry: PSTG underperformed the US Tech industry which returned 32.8% over the past year.
Return vs Market: PSTG underperformed the US Market which returned 12.5% over the past year.
Shareholder returns
| PSTG | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 1.7% | 0.3% |
| 30 Day | 10.5% | 10.8% | 4.1% |
| 90 Day | 43.7% | 24.9% | 5.6% |
| 1 Year | -2.1%-2.1% | 35.0%32.8% | 15.0%12.5% |
| 3 Year | 29.0%29.0% | 140.9%121.6% | 49.1%39.4% |
| 5 Year | n/a | 126.9%104.1% | 62.8%44.7% |
Price Volatility Vs. Market
How volatile is Pure Storage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Pure Storage (NYSE:PSTG) Using Debt In A Risky Way?1 month ago | Simply Wall St
A Look At The Intrinsic Value Of Pure Storage, Inc. (NYSE:PSTG)1 month ago | Simply Wall St
What Kind Of Share Price Volatility Should You Expect For Pure Storage, Inc. (NYSE:PSTG)?Valuation
Is Pure Storage undervalued compared to its fair value and its price relative to the market?
4.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PSTG ($19) is trading below our estimate of fair value ($19.89)
Significantly Below Fair Value: PSTG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PSTG is unprofitable, so we can't compare its PE Ratio to the Tech industry average.
PE vs Market: PSTG is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PSTG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PSTG is overvalued based on its PB Ratio (6.6x) compared to the US Tech industry average (1.6x).
Next Steps
Future Growth
How is Pure Storage forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
33.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PSTG is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: PSTG is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: PSTG is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: PSTG's revenue (17.9% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: PSTG's revenue (17.9% 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 low in 3 years time (17.8%).
Next Steps
Past Performance
How has Pure Storage performed over the past 5 years?
2.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PSTG has a high level of non-cash earnings.
Growing Profit Margin: PSTG's current net profit margins (-14.5%) are lower than last year (-14.3%).
Past Earnings Growth Analysis
Earnings Trend: PSTG is unprofitable, but has reduced losses over the past 5 years at a rate of 2.3% 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 (39.4%).
Return on Equity
High ROE: PSTG has a negative Return on Equity (-29.87%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Pure Storage's financial position?
Financial Position Analysis
Short Term Liabilities: PSTG's short term assets ($1.6B) exceeds its short term liabilities ($514.6M)
Long Term Liabilities: PSTG's short term assets (1.6B) exceeds its long term liabilities (863.9M)
Debt to Equity History and Analysis
Debt Level: PSTG's debt to equity ratio (62.8%) is considered high
Reducing Debt: Insufficient data to determine if PSTG's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: PSTG has a low level of unsold assets or inventory.
Debt Coverage by Assets: PSTG's debt is covered by short term assets (assets are 3.6x debt).
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 106.9% per year.
Next Steps
Dividend
What is Pure Storage's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PSTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PSTG's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PSTG's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Pure Storage's salary, the management and board of directors tenure and is there insider trading?
2.5yrs
Average management tenure
CEO
Charlie Giancarlo (61yo)
2.3yrs
Tenure
US$8,383,230
Compensation
Mr. Charles H. Giancarlo, also known as Charlie, has been Chief Executive Officer and Director of Pure Storage, Inc. since August 22, 2017 and is also its Chairman. Mr. Giancarlo serves as an Advisor of Ve ...
CEO Compensation Analysis
Compensation vs Market: Charlie's total compensation ($USD8.38M) is about average for companies of similar size in the US market ($USD6.77M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.5yrs
Average Tenure
56yo
Average Age
Experienced Management: PSTG's management team is considered experienced (2.5 years average tenure).
Board Age and Tenure
2.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: PSTG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Vice Chairman Vice Chairman |
| Shares | 400,000 |
| Max Price | US$20.46 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.
Management Team
Charlie Giancarlo (61yo)
Chairman & CEO
- Tenure: 2.3yrs
- Compensation: US$8.38m
Paul Mountford (60yo)
Chief Operating Officer
- Tenure: 0yrs
David Hatfield (50yo)
Vice Chair & President Emeritus
- Tenure: 0yrs
- Compensation: US$3.72m
Joe FitzGerald
VP & General Counsel
- Tenure: 0yrs
Matt Danziger
Head of Investor Relations
- Tenure: 0yrs
Coz Colgrove (56yo)
- Tenure: 10.1yrs
- Compensation: US$3.57m
Kevin Delane
VP & Head of Worldwide Sales
- Tenure: 2.4yrs
John Hayes
Founder & Advisor
- Tenure: 2.7yrs
Tim Riitters (46yo)
Chief Financial Officer
- Tenure: 5.3yrs
- Compensation: US$3.84m
Cathy Southwick
Chief Information Officer
- Tenure: 0.9yrs
Board Members
Charlie Giancarlo (61yo)
Chairman & CEO
- Tenure: 2.3yrs
- Compensation: US$8.38m
Frank Slootman (60yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$282.99k
Mark Garrett (61yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$290.24k
Jeff Rothschild (64yo)
Independent Director
- Tenure: 1.7yrs
- Compensation: US$868.89k
Scott Dietzen (57yo)
Vice Chairman
- Tenure: 2.3yrs
Roxanne Taylor (62yo)
Independent Director
- Tenure: 0.8yrs
Anita Sands (43yo)
Independent Director
- Tenure: 4.3yrs
- Compensation: US$289.74k
Coz Colgrove (56yo)
- Tenure: 10.1yrs
- Compensation: US$3.57m
Andy Brown (56yo)
Director
- Tenure: 0.2yrs
Sue Taylor (50yo)
Independent Director
- Tenure: 1.1yrs
- Compensation: US$731.13k
Company Information
Pure Storage, Inc.'s company bio, 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
- Market Cap: US$4.867b
- Shares outstanding: 256.18m
- Website: https://www.purestorage.com
Number of Employees
Location
- Pure Storage, Inc.
- 650 Castro Street
- Suite 400
- Mountain View
- California
- 94041
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PSTG | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Oct 2015 |
| 6PU | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Oct 2015 |
| 0KSA | LSE (London Stock Exchange) | Yes | Class A Common Stock | GB | USD | Oct 2015 |
Biography
Pure Storage, Inc. engages in building a data platform that enables businesses to enhance performance and reduce complexity and costs worldwide. The company delivers its data platform through Purity Operat ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/12 00:17 |
| End of Day Share Price | 2019/11/11 00:00 |
| Earnings | 2019/07/31 |
| Annual Earnings | 2019/01/31 |
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.