Back to PANW Overview
NMS · Valuation Lab
PANW
Palo Alto Networks, Inc.
Last$362.66
Market cap295.6B
EV/EBITDA190.0x
Intrinsic value
$365.26
MoS +0.7% · Fairly Valued
Assuming 33.7% FCF margin and 31.1% Y1–5 growth.
Upside to price
EV (DCF)296.7B
Terminal share70%
Expected IV$379.30
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 70% of EV
PV of stage FCFs87.9B
PV of terminal value208.8B
Enterprise value296.7B
Net cash / (debt)981M
Equity value297.7B
Intrinsic value / share$365.26
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 13.9B | 4.7B | 4.3B | 92.1% |
| Y2 | 18.2B | 6.1B | 5.2B | 84.7% |
| Y3 | 23.9B | 8.1B | 6.3B | 78.0% |
| Y4 | 31.3B | 10.6B | 7.6B | 71.8% |
| Y5 | 41.1B | 13.8B | 9.2B | 66.1% |
| Y6 | 47.5B | 16B | 9.7B | 60.9% |
| Y7 | 54.9B | 18.5B | 10.4B | 56.0% |
| Y8 | 63.5B | 21.4B | 11B | 51.6% |
| Y9 | 73.4B | 24.7B | 11.7B | 47.5% |
| Y10 | 84.8B | 28.6B | 12.5B | 43.7% |
| Terminal | — | — | 208.8B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.