Seagate Technology
Market Cap
US$21.1b
Last Updated
2021/04/16 23:17 UTC
Data Sources
Company Financials +
Executive Summary
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Seagate Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: STX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: STX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
1.9%
STX
1.0%
US Tech
1.3%
US Market
1 Year Return
59.5%
STX
90.1%
US Tech
53.9%
US Market
Return vs Industry: STX underperformed the US Tech industry which returned 88.4% over the past year.
Return vs Market: STX exceeded the US Market which returned 57.5% over the past year.
Shareholder returns
| STX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.9% | 1.0% | 1.3% |
| 30 Day | 5.2% | 7.1% | 3.3% |
| 90 Day | 35.6% | 6.9% | 8.9% |
| 1 Year | 66.9%59.5% | 91.7%90.1% | 56.6%53.9% |
| 3 Year | 60.4%37.6% | 207.6%194.9% | 64.4%53.6% |
| 5 Year | 333.8%224.1% | 398.8%350.8% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is Seagate Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Seagate Technology (NASDAQ:STX) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Is It Too Late To Consider Buying Seagate Technology plc (NASDAQ:STX)?4 weeks ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy Seagate Technology plc (NASDAQ:STX) For Its Upcoming DividendValuation
Is Seagate Technology undervalued compared to its fair value and its price relative to the market?
0.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: STX ($81.33) is trading below our estimate of fair value ($82.77)
Significantly Below Fair Value: STX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: STX is good value based on its PE Ratio (21.1x) compared to the US Tech industry average (29x).
PE vs Market: STX is good value based on its PE Ratio (21.1x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: STX is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: STX is overvalued based on its PB Ratio (19.7x) compared to the US Tech industry average (3.2x).
Future Growth
How is Seagate Technology forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
8.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: STX's forecast earnings growth (8.6% per year) is above the savings rate (2%).
Earnings vs Market: STX's earnings (8.6% per year) are forecast to grow slower than the US market (18.4% per year).
High Growth Earnings: STX's earnings are forecast to grow, but not significantly.
Revenue vs Market: STX's revenue (2.7% per year) is forecast to grow slower than the US market (9.4% per year).
High Growth Revenue: STX's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: STX's Return on Equity is forecast to be very high in 3 years time (114.9%).
Past Performance
How has Seagate Technology performed over the past 5 years?
23.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: STX has high quality earnings.
Growing Profit Margin: STX's current net profit margins (9.7%) are lower than last year (17%).
Past Earnings Growth Analysis
Earnings Trend: STX's earnings have grown significantly by 23.9% per year over the past 5 years.
Accelerating Growth: STX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STX had negative earnings growth (-41.7%) over the past year, making it difficult to compare to the Tech industry average (-26.4%).
Return on Equity
High ROE: Whilst STX's Return on Equity (99.9%) is outstanding, this metric is skewed due to their high level of debt.
Financial Health
How is Seagate Technology's financial position?
Financial Position Analysis
Short Term Liabilities: STX's short term assets ($4.1B) exceed its short term liabilities ($2.6B).
Long Term Liabilities: STX's short term assets ($4.1B) do not cover its long term liabilities ($5.4B).
Debt to Equity History and Analysis
Debt Level: STX's debt to equity ratio (522.1%) is considered high.
Reducing Debt: STX's debt to equity ratio has increased from 227.7% to 522.1% over the past 5 years.
Debt Coverage: STX's debt is well covered by operating cash flow (29.9%).
Interest Coverage: STX's interest payments on its debt are well covered by EBIT (6.8x coverage).
Balance Sheet
Dividend
What is Seagate Technology current dividend yield, its reliability and sustainability?
3.26%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: STX's dividend (3.3%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: STX's dividend (3.3%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: STX's dividends per share have been stable in the past 10 years.
Growing Dividend: STX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68%), STX's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: STX's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Dave Mosley (53 yo)
3.5yrs
Tenure
US$11,698,767
Compensation
Dr. William David Mosley, also known as Dave, has been Chief Executive Officer of Seagate Technology Plc since October 1, 2017. Dr. Mosley served as President and Chief Operating Officer of Seagate Technol...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD11.70M) is about average for companies of similar size in the US market ($USD11.02M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: STX's management team is considered experienced (3.5 years average tenure).
Board Members
Experienced Board: STX's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: STX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Seagate Technology plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Seagate Technology plc
- Ticker: STX
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$21.051b
- Shares outstanding: 236.68m
- Website: https://www.seagate.com
Number of Employees
Location
- Seagate Technology plc
- 38/39 Fitzwilliam Square
- Dublin
- Co. Dublin
- 2
- Ireland
Listings
Biography
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The company offers hard disk and solid state drives, including s...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 23:17 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2021/01/01 |
| Annual Earnings | 2020/07/03 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.