PLTR Palantir Technologies
too hard · 50
Owner-earnings value$17.93
Price$189.40
Margin of safety
-90.5%
Quality gate · 50/100
⚠ sub-hurdle returns (median roic 5% < 9%)
Median ROIC4.8%
Gross margin84.8%
Net debt / EBITDA-0.5x
FCF conversion214%
Share count / yr+4.4%
Profitable years3/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 3.02B |
| Owner-earnings yield | 0.7% |
| Free-cash-flow yield | 0.7% |
| Growth used (normalized) | 10.0% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 12.5% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 3.25B | 10.0% | 2.89B |
| 2 | 3.55B | 9.2% | 2.80B |
| 3 | 3.85B | 8.4% | 2.70B |
| 4 | 4.14B | 7.7% | 2.59B |
| 5 | 4.43B | 6.9% | 2.46B |
| 6 | 4.70B | 6.1% | 2.32B |
| 7 | 4.95B | 5.3% | 2.17B |
| 8 | 5.18B | 4.6% | 2.01B |
| 9 | 5.37B | 3.8% | 1.86B |
| 10 | 5.53B | 3.0% | 1.70B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Net cash 1.2B credited to value (interest stripped from owner earnings to avoid double-counting). · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.