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PANW - Palo Alto Networks, ...

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Palo Alto Networks, Inc.

PANW

NASDAQ

Palo Alto Networks, Inc. provides cybersecurity solutions worldwide. The company offers firewall appliances and software; Panorama, a security management solution for the control of firewall appliances and software deployed on an end-customer's network and instances in public or private cloud environments, as a virtual or a physical appliance; and virtual system upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, uniform resource locator filtering, laptop and mobile device protection, and firewall; and DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention. In addition, the company offers cloud security, secure access, security analytics and automation, and threat intelligence and cyber security consulting; professional services, including architecture design and planning, implementation, configuration, and firewall migration; education services, such as certifications, as well as online and in-classroom training; and support services. Palo Alto Networks, Inc. sells its products and services through its channel partners, as well as directly to medium to large enterprises, service providers, and government entities operating in various industries, including education, energy, financial services, government entities, healthcare, Internet and media, manufacturing, public sector, and telecommunications. The company was incorporated in 2005 and is headquartered in Santa Clara, California.

187.7 USD

1.43 (0.762%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

3.41B

4.26B

5.5B

6.89B

8.03B

9.95B

12.34B

15.29B

18.96B

23.51B

Revenue %

-

24.87

29.26

25.29

16.46

23.97

23.97

23.97

23.97

Ebitda

364.8M

-46.6M

95.6M

387.3M

1.28B

655M

812.01M

1.01B

1.25B

1.55B

Ebitda %

10.7

-1.09

1.74

5.62

15.94

6.58

6.58

6.58

6.58

Ebit

-143.1M

-351.5M

-241.4M

55.2M

996.6M

-72.24M

-89.55M

-111.02M

-137.63M

-170.63M

Ebit %

-4.2

-8.26

-4.39

0.8

12.41

-0.73

-0.73

-0.73

-0.73

Depreciation

507.9M

304.9M

337M

332.1M

283.3M

727.24M

901.56M

1.12B

1.39B

1.72B

Depreciation %

14.9

7.16

6.13

4.82

3.53

7.31

7.31

7.31

7.31

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

3.75B

2.9B

3.63B

2.39B

2.58B

5.99B

7.43B

9.21B

11.42B

14.15B

Total Cash %

109.96

68.16

66.06

34.67

32.12

60.21

60.21

60.21

60.21

Receivables

1.04B

1.24B

2.14B

2.85B

3.34B

3.61B

4.48B

5.55B

6.88B

8.54B

Receivables %

30.43

29.14

38.94

41.38

41.66

36.31

36.31

36.31

36.31

Inventories

2

-

1

339.2M

-

97.95M

121.43M

150.53M

186.62M

231.35M

Inventories %

0

-

0

4.92

-

0.98

0.98

0.98

0.98

Payable

63.6M

56.9M

128M

132.3M

116.3M

177.1M

219.55M

272.18M

337.42M

418.3M

Payable %

1.87

1.34

2.33

1.92

1.45

1.78

1.78

1.78

1.78

Cap Ex

-214.4M

-116M

-192.8M

-146.3M

-156.8M

-330.32M

-409.5M

-507.67M

-629.36M

-780.22M

Cap Ex %

-6.29

-2.73

-3.5

-2.12

-1.95

-3.32

-3.32

-3.32

-3.32

Weighted Average Cost Of Capital

Price

187.7

Beta

Diluted Shares Outstanding

708M

Costof Debt

3.92

Tax Rate

After Tax Cost Of Debt

3.92

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

1.41B

Total Equity

132.89B

Total Capital

134.3B

Debt Weighting

1.05

Equity Weighting

98.95

Wacc

8.93

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

3.41B

4.26B

5.5B

6.89B

8.03B

9.95B

12.34B

15.29B

18.96B

23.51B

Ebitda

364.8M

-46.6M

95.6M

387.3M

1.28B

655M

812.01M

1.01B

1.25B

1.55B

Ebit

-143.1M

-351.5M

-241.4M

55.2M

996.6M

-72.24M

-89.55M

-111.02M

-137.63M

-170.63M

Tax Rate

-160.81

-160.81

-160.81

-160.81

-160.81

-160.81

-160.81

-160.81

-160.81

-160.81

Ebiat

-164.83M

-377.13M

-311.07M

42.86M

2.6B

-69.01M

-85.55M

-106.06M

-131.48M

-163M

Depreciation

507.9M

304.9M

337M

332.1M

283.3M

727.24M

901.56M

1.12B

1.39B

1.72B

Receivables

1.04B

1.24B

2.14B

2.85B

3.34B

3.61B

4.48B

5.55B

6.88B

8.54B

Inventories

2

-

1

339.2M

-

97.95M

121.43M

150.53M

186.62M

231.35M

Payable

63.6M

56.9M

128M

132.3M

116.3M

177.1M

219.55M

272.18M

337.42M

418.3M

Cap Ex

-214.4M

-116M

-192.8M

-146.3M

-156.8M

-330.32M

-409.5M

-507.67M

-629.36M

-780.22M

Ufcf

-844.83M

-398.23M

-997.87M

-815.74M

2.56B

21.65M

-440.73M

-546.38M

-677.36M

-839.72M

Wacc

8.93

8.93

8.93

8.93

8.93

Pv Ufcf

19.88M

-371.43M

-422.72M

-481.09M

-547.52M

Sum Pv Ufcf

-1.8B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.93

Free Cash Flow T1

-873.31M

Terminal Value

-17.7B

Present Terminal Value

-11.54B

Intrinsic Value

Enterprise Value

-13.34B

Net Debt

-124.9M

Equity Value

-13.22B

Diluted Shares Outstanding

708M

Equity Value Per Share

-18.67

Projected DCF

-18.67 11.054%

DCF Levered

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