PINS - Pinterest, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$38.00
DETAILS
HIGH:
$50.00
LOW:
$30.00
MEDIAN:
$35.50
CONSENSUS:
$38.00
UPSIDE:
46.66%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 3,646.2 | 3,055.1 | 2,802.6 | 2,578.0 | 1,692.7 | 1,142.8 | 755.9 | 472.9 |
| Cost of Revenue | 750.4 | 688.8 | 678.6 | 529.3 | 449.4 | 358.9 | 241.6 | 178.7 |
| Gross Profit | 2,895.8 | 2,366.3 | 2,124.0 | 2,048.7 | 1,243.3 | 783.9 | 514.3 | 294.2 |
| Operating Expenses | ||||||||
| R&D Expenses | 1,240.6 | 1,068.4 | 949.0 | 780.3 | 606.2 | 1,207.1 | 251.7 | 208.0 |
| SG&A Expenses | 1,475.4 | 1,423.6 | 1,276.7 | 942.3 | 779.6 | 965.7 | 337.4 | 224.1 |
| Other Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Expenses | 2,716.0 | 2,488.2 | 2,225.7 | 1,722.5 | 1,385.8 | 2,172.7 | 589.1 | 432.1 |
| Operating Income | ||||||||
| Operating Income | 179.8 | (125.7) | (101.7) | 326.2 | (142.5) | (1,388.9) | (74.7) | (137.9) |
| Interest Expense | 0.0 | 0.0 | 15.2 | 9.4 | 0.6 | 2.1 | 1.0 | 0.1 |
| Interest Income | 127.0 | 105.4 | 30.9 | 4.2 | 16.1 | 30.2 | 13.2 | 8.3 |
| Profitability | ||||||||
| EBITDA | 201.1 | (104.2) | (55.2) | 353.7 | (89.4) | (1,330.9) | (40.7) | (113.5) |
| EBIT | 179.8 | (125.7) | (101.7) | 326.2 | (126.4) | (1,358.7) | (61.6) | (129.6) |
| Income Before Tax | 287.6 | (16.4) | (85.9) | 321.0 | (127.0) | (1,360.8) | (62.6) | (129.7) |
| Income Tax Expense | (1,574.5) | 19.2 | 10.1 | 4.5 | 1.3 | 0.5 | 0.4 | 0.3 |
| Net Income | 1,862.1 | (35.6) | (96.0) | 316.4 | (128.3) | (1,361.4) | (63.0) | (130.0) |
| Per Share Data | ||||||||
| EPS (Basic) | 2.74 | -0.05 | -0.14 | 0.49 | -0.22 | -3.24 | -0.12 | -0.29 |
| EPS (Diluted) | 2.67 | -0.05 | -0.14 | 0.41 | -0.22 | -3.24 | -0.12 | -0.29 |
| Shares Outstanding | 678.8 | 674.6 | 665.7 | 640.0 | 596.3 | 420.5 | 529.3 | 448.6 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 1,136.5 | 1,361.9 | 1,611.1 | 1,419.6 | 669.2 | 649.7 | 122.5 | 71.5 |
| Short-Term Investments | 1,376.4 | 1,149.1 | 1,087.2 | 1,060.5 | 1,091.1 | 1,063.7 | 505.3 | 640.2 |
| Net Receivables | 893.4 | 763.2 | 681.5 | 653.4 | 563.7 | 316.4 | 221.9 | 136.6 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 78.4 | 64.3 | 74.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Current Assets | 3,484.7 | 3,338.6 | 3,454.7 | 3,181.6 | 2,357.5 | 2,067.2 | 889.4 | 887.0 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 131.5 | 124.3 | 265.8 | 281.3 | 225.3 | 280.2 | 226.7 | 239.5 |
| Goodwill | 100.2 | 100.2 | 100.2 | 40.2 | 6.9 | 6.9 | 6.9 | 6.9 |
| Intangible Assets | 9.9 | 17.2 | 24.6 | 20.9 | 6.7 | 7.7 | 7.2 | 2.1 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 13.8 | 11.0 | 17.4 | 13.2 | 13.1 | 31.3 | 22.6 | 37.5 |
| Total Non-Current Assets | 1,858.0 | 255.8 | 408.1 | 355.7 | 251.9 | 326.1 | 263.4 | 286.1 |
| Total Assets | 5,342.7 | 3,594.4 | 3,862.7 | 3,537.2 | 2,609.5 | 2,393.3 | 1,152.7 | 1,173.0 |
| Current Liabilities | ||||||||
| Account Payables | 84.0 | 79.1 | 87.9 | 17.7 | 49.5 | 34.3 | 22.2 | 15.4 |
| Short-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Revenue | 23.4 | 15.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Liabilities | 52.7 | 48.9 | 48.1 | 37.2 | 33.2 | 26.6 | 18.2 | 9.0 |
| Total Current Liabilities | 398.1 | 317.1 | 380.5 | 259.8 | 204.8 | 176.2 | 398.4 | 79.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 40.4 | 40.9 |
| Other Non-Current Liabilities | 42.0 | 26.0 | 21.9 | 29.5 | 22.9 | 20.1 | 1,487.5 | 1,477.4 |
| Total Non-Current Liabilities | 193.4 | 186.6 | 200.5 | 238.7 | 162.3 | 193.5 | 168.5 | 1,639.7 |
| Total Liabilities | 591.5 | 503.7 | 581.1 | 498.5 | 367.1 | 369.6 | 567.0 | 1,719.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (288.2) | (2,150.3) | (2,114.7) | (2,018.6) | (2,335.0) | (2,206.7) | (1,730.9) | (782.4) |
| Accumulated Other Comprehensive Income | (0.1) | (1.0) | (11.4) | (2.2) | 2.5 | 0.6 | (1.4) | (0.8) |
| Total Stockholders' Equity | 4,751.2 | 3,090.7 | 3,281.7 | 3,038.7 | 2,242.4 | 2,023.7 | 585.8 | (546.5) |
| Total Liabilities & Equity | 5,342.7 | 3,594.4 | 3,862.7 | 3,537.2 | 2,609.5 | 2,393.3 | 1,152.7 | 1,173.0 |
| Debt Metrics | ||||||||
| Total Debt | 185.8 | 196.3 | 229.0 | 250.9 | 183.0 | 219.9 | 171.9 | 178.1 |
| Net Debt | (950.7) | (1,165.7) | (1,382.1) | (1,168.8) | (486.3) | (429.7) | 49.4 | 106.6 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 1,862.1 | (35.6) | (96.0) | 316.4 | (128.3) | (1,361.4) | (63.0) | (130.0) |
| Depreciation & Amortization | 21.3 | 21.5 | 46.5 | 27.5 | 37.0 | 27.8 | 20.9 | 16.1 |
| Stock-Based Compensation | 765.8 | 647.9 | 497.1 | 415.4 | 321.0 | 1,377.8 | 14.9 | 28.8 |
| Change in Working Capital | (57.4) | (126.7) | 35.5 | (61.3) | (211.9) | (39.6) | (34.1) | (18.5) |
| Other Non-Cash Items | (26.7) | 105.9 | (13.9) | 54.9 | 11.1 | (4.0) | 1.0 | 0.7 |
| Operating Cash Flow | 964.6 | 613.0 | 469.2 | 752.9 | 28.8 | 0.7 | (60.4) | (102.9) |
| Investing Activities | ||||||||
| Capital Expenditure | (24.6) | (8.1) | (29.0) | (9.0) | (17.4) | (33.8) | (22.2) | (41.2) |
| Acquisitions | 0.0 | 0.0 | (86.1) | (36.9) | 0.0 | 552.7 | 0.0 | 0.0 |
| Purchases of Investments | (1,510.0) | (1,308.0) | (1,028.5) | (1,104.1) | (1,216.3) | (1,075.9) | (518.7) | (515.2) |
| Sales/Maturities of Investments | 1,313.6 | 1,279.1 | 1,015.3 | 1,124.2 | 1,185.7 | 523.2 | 655.5 | 498.1 |
| Other Investing Activities | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | (552.7) | (0.5) | 1.0 |
| Investing Cash Flow | (221.0) | (37.0) | (128.2) | (25.9) | (47.6) | (586.5) | 114.1 | (57.2) |
| Financing Activities | ||||||||
| Net Debt Issuance | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock Repurchased | (990.5) | (835.0) | (161.8) | 0.0 | (56.9) | (475.0) | 0.0 | 0.0 |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | 22.1 | 8.3 | (161.8) | (1.8) | 76.5 | 30.0 | (2.9) | 0.5 |
| Financing Cash Flow | (968.3) | (826.8) | (148.9) | 22.2 | 19.6 | 1,128.2 | (2.2) | 150.3 |
| Cash Position | ||||||||
| Net Change in Cash | (227.3) | (249.1) | 190.6 | 748.2 | 1.2 | 542.5 | 51.3 | (9.8) |
| Cash at Beginning | 1,368.5 | 1,617.7 | 1,427.1 | 678.9 | 677.7 | 135.3 | 84.0 | 93.7 |
| Cash at End | 1,141.2 | 1,368.5 | 1,617.7 | 1,427.1 | 678.9 | 677.7 | 135.3 | 84.0 |
| Free Cash Flow | 940.0 | 604.9 | 440.2 | 743.9 | 11.4 | (33.1) | (82.6) | (144.1) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 3,646.2 | 3,055.1 | 2,802.6 | 2,578.0 | 1,692.7 | 1,142.8 | 755.9 | 472.9 |
| Gross Profit | 2,895.8 | 2,366.3 | 2,124.0 | 2,048.7 | 1,243.3 | 783.9 | 514.3 | 294.2 |
| Operating Income | 179.8 | (125.7) | (101.7) | 326.2 | (142.5) | (1,388.9) | (74.7) | (137.9) |
| Net Income | 1,862.1 | (35.6) | (96.0) | 316.4 | (128.3) | (1,361.4) | (63.0) | (130.0) |
| EPS (Diluted) | 2.67 | -0.05 | -0.14 | 0.41 | -0.22 | -3.24 | -0.12 | -0.29 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 1,136.5 | 1,361.9 | 1,611.1 | 1,419.6 | 669.2 | 649.7 | 122.5 | 71.5 |
| Total Assets | 5,342.7 | 3,594.4 | 3,862.7 | 3,537.2 | 2,609.5 | 2,393.3 | 1,152.7 | 1,173.0 |
| Total Debt | 185.8 | 196.3 | 229.0 | 250.9 | 183.0 | 219.9 | 171.9 | 178.1 |
| Stockholders' Equity | 4,751.2 | 3,090.7 | 3,281.7 | 3,038.7 | 2,242.4 | 2,023.7 | 585.8 | (546.5) |
| Cash Flow | ||||||||
| Operating Cash Flow | 964.6 | 613.0 | 469.2 | 752.9 | 28.8 | 0.7 | (60.4) | (102.9) |
| Capital Expenditure | (24.6) | (8.1) | (29.0) | (9.0) | (17.4) | (33.8) | (22.2) | (41.2) |
| Free Cash Flow | 940.0 | 604.9 | 440.2 | 743.9 | 11.4 | (33.1) | (82.6) | (144.1) |