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Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

Microsoft DCF Stock Analysis

Here’s my assumptions for $MSFT ( ▲ 0.5% ) :

Risk Free Rate (10 Years Interest Rate Swap): 4.03%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 1%

Historical Data

Revenue growth in the last 10 years (CAGR): 11.95%

Earnings growth in the last 10 years (CAGR): 17.36%

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 11.48%

Future Assumptions

End of Year FCF growth: 7%

Growth until end of 2026: 15%

Growth until end of 2034: 10%

Perpetual growth: 3.2%

Net Debt: 17.619B

Restricted Stock Units Present Value Assumption: $41.574B

Stock Valuation based on these assumptions: $441

Last update 08/24/2025

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Microsoft (MSFT) and I don’t plan to add a position in the coming days.