PSTG PSTG

Name: PSTG Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $62.48

Crucible Score

57.1

Quality × Value Composite

KQI — Quality

70.4

Fundamental Quality Index

KVI — Value

40.9

Valuation Attractiveness Index

Crucible Verdict — PSTG

PurpleSpace Inc (PSTG) presents a classic quality-value disconnect, with strong fundamentals (70.4 KQI) undermined by poor value metrics (40.9 KVI) despite trading below fair value estimates. The company's exceptional moat durability (89) and growth profile (81) stand out, though insider selling raises questions about management confidence. PSTG's 91% earnings beat rate suggests execution remains solid even as valuation concerns persist.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

57.8

Growth Profile

80.8

Moat Durability

88.7

Management Effectiveness

63.2

Diversification & Resilience⚠

51.0

Market Position

57.0

Weakest dimension: Diversification & Resilience (51.0)

◆ KVI Value Dimensions

DCF Margin of Safety

56.4

FCF Yield & Cash Returns

23.9

Relative Valuation

27.0

Growth-Adjusted Value

25.8

Historical Valuation

84.4

Macro Context

24.0

◆ DCF Valuation Scenarios

Bear Case

$42.15

Base Case

$68.72

Bull Case

$105.38

Price at Analysis

$62.48

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$42.15	8.0%	6.0%	11.3%
🟢 Base	$68.72	12.0%	8.0%	10.6%
🟢 Bull	$105.38	16.0%	10.0%	9.9%

Key Assumptions: Revenue growth anchored to 5-year CAGR of ~11% with PSTG benefiting from flash storage adoption and AI-driven data infrastructure demand. Operating margins expand from ~3% currently toward 6-10% terminal range reflecting subscription mix shift and scale leverage, though hardware competition limits upside. WACC derived from CAPM using 1.34 beta and 5.5% ERP across scenarios with modest spread adjustments; capex intensity normalizes near 7% as the company matures past heavy investment phase.

◆ Financial Snapshot

Profitability

Gross Margin70.4%

Operating Margin3.1%

Net Margin5.1%

ROIC3.2%

ROE-15.8%

Balance Sheet

Balance SheetCR: 1.60

Cash ConversionFCF/EPS: 1.35x

Capital IntensityCapex/Rev: 7.2%

Altman Z-Score4.72 (Safe)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR13.8% CAGR

Earnings CAGR37.1% CAGR

Growth ConsistencyCV: 0.60

Segment Breadth2/2 growing (100%)

Quarterly TrendRev↑, Margin↑, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOCrystal Wyse · 3 years

CEO Ownership5.6%

Compensation93% performance-based

Insider ActivitySelling

Capital AllocationROIC 3.2% vs WACC 2.7%

Earnings Beat Rate91% (20/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.