Palo Alto Networks
 
Buylyst Valuation
$245.6
Market Price
$261.6
Upside
-5%
 

Target Price based on these Assumptions

Sustainable Free Cash Flow
$1,151 Million
Long-Term Discount Rate
5%

Sustainable Free Cash Flow Calculation

Historical Numbers

Cash Flow Items ($mn) Sustainable Level
Revenue 3,410
-

Cost of goods sold

-
-

R&D and Cost of labor

-
-

Selling, general, and administrative costs

Selling & Admin. Costs

-
-

Other

-
+

Depreciation and amortization

Depreciation 

-
=

Earnings before interest, taxes, depreciation and amortization (EBITDA)

EBITDA

784
-

Maintenance capital expenditure

Maintenance Cap-Ex

112
=

Unlevered cash flow

672
-

Increases in working capital

Increases in working cap.

-500
-

Debt service charges

-
-

Cash taxes

21
=

Discretionary cash flow

1,151
POSSIBLY WIDENING THE MOAT:
-

Growth capital expenditure

Growth Cap-Ex

-
-

Cash spent on acquisitions

Acquisitions

-
-

Other

-
POSSIBLE SHENANIGANS:
-

Dividends

-
-

Share Buybacks

330
=

FREE CASH FLOW

1,151

* Click on the orange dot above to read additional notes on the items

Last 12 months ending 03/31/2019.

We use cookies on this site to ensure the best service possible.