Everpure, Inc (PSTG) DCF Valuation
TGM's two-stage DCF values Everpure, Inc (PSTG) between $25.47 and $40.84 depending on assumptions, with a base case of $31.93. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (10.7%) reflects its beta.
What would today's price require?
$69.34 is justified only if free cash flow grows about +38.6% a year (fading to 2.5% long-run) at a 10.7% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 13.8%/yr | 11.7% | $25.47 |
| Base case | 16.8%/yr | 10.7% | $31.93 |
| Optimistic | 19.8%/yr | 9.7% | $40.84 |
| Analyst DCF (FMP) | independent reference — different model | $24.25 | |
Current Price
$69.34
Market-Implied Growth
+38.6%/yr
vs +15.8% 5Y actual
Model Scenario Range
$25.47 – $40.84
model output — not a price target
PSTG DCF Fair Value Calculator
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for PSTG (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $568.0M · 0.41B shares · net cash $638.7M
Estimated Fair Value
$49.88
-28.1% vs $69.34
Sensitivity — fair value by discount rate × terminal growth
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 16.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $69.34; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 8.7% | $62.50 | $65.70 | $69.41 | $73.77 | $78.97 |
| 9.7% | $53.42 | $55.67 | $58.23 | $61.17 | $64.59 |
| 10.7% | $46.42 | $48.05 | $49.88 | $51.96 | $54.32 |
| 11.7% | $40.87 | $42.09 | $43.44 | $44.94 | $46.64 |
| 12.7% | $36.38 | $37.30 | $38.32 | $39.45 | $40.70 |
About Everpure, Inc
This technology company, known operationally as Pure Storage, Inc. (originally incorporated in 2009 as OS76, Inc., before rebranding in January 2010), delivers a comprehensive range of data storage technologies, associated products, and specialized services to clients across the United States and globally. At the core of its offerings is the proprietary Purity software platform, which unifies its product ecosystem. This advanced software provides enterprise-grade data management capabilities, including efficient data reduction, robust data protection, and secure encryption. It also supports diverse storage protocols, encompassing block, file, and object architectures. The company's diverse product portfolio addresses various data storage requirements: The FlashArray series, which includes the high-performance FlashArray//XL and the all-QLC FlashArray//C, specializes in block-oriented storage suitable for traditional workloads like databases, enterprise applications, and virtual machines. FlashBlade offers a robust solution designed for managing various types of unstructured data workloads. FlashStack provides a converged infrastructure platform by integrating compute, networking, and storage components. FlashRecover serves as an all-flash, modern solution for data protection. AIRI (AI-Ready Infrastructure) delivers a comprehensive, full-stack solution specifically tailored for artificial intelligence workloads. Beyond hardware, Pure Storage extends its offerings through flexible subscription models such as Evergreen Storage, Pure as-a-Service, and Cloud Block Store. It also features Portworx, a specialized cloud-native data management solution for Kubernetes environments. To support its clientele, the company provides a suite of technical and professional services, complemented by training, education, and certification programs. Its products and subscription services are distributed through a dual strategy, leveraging both a dedicated direct sales team and a broad network of channel partners. The company maintains its headquarters in Mountain View, California.
- Sector
- Technology
- Industry
- Computer Hardware
- CEO
- Charles H. Giancarlo