Seagate Technology
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. The last earnings update was 42 days ago. More info.
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STX Share Price and Events
7 Day Returns
1 Year Returns
STX Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Seagate Technology (STX) | -1% | 5.3% | 29% | -20.3% | 31.8% | -9.2% |
| US Tech | 7.2% | 8.5% | 14.1% | 1.4% | 65.8% | 111.3% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- STX underperformed the Tech industry which returned 1.4% over the past year.
- STX underperformed the Market in United States of America which returned 1.9% over the past year.
STX Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Seagate Technology
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Seagate Technology.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 20 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.4% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.1% |
| Tech Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 12.5%) (32.16%)) |
1.211 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.21 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.211 * 7.14%) |
11.38% |
Discounted Cash Flow Calculation for NasdaqGS:STX using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Seagate Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 11.38%) |
|
|---|---|---|---|
| 2019 | 1,372.71 | Analyst x7 | 1,232.47 |
| 2020 | 1,298.83 | Analyst x6 | 1,046.99 |
| 2021 | 1,369.00 | Analyst x1 | 990.80 |
| 2022 | 1,360.25 | Est @ -0.64% | 883.89 |
| 2023 | 1,365.31 | Est @ 0.37% | 796.54 |
| 2024 | 1,380.04 | Est @ 1.08% | 722.87 |
| 2025 | 1,401.77 | Est @ 1.57% | 659.24 |
| 2026 | 1,428.70 | Est @ 1.92% | 603.25 |
| 2027 | 1,459.62 | Est @ 2.16% | 553.34 |
| 2028 | 1,493.68 | Est @ 2.33% | 508.40 |
| Present value of next 10 years cash flows | $7,997.80 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,493.68 × (1 + 2.73%) ÷ (11.38% – 2.73%) |
$17,740.47 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $17,740.47 ÷ (1 + 11.38%)10 |
$6,038.29 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $7,997.80 + $6,038.29 |
$14,036.09 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $14,036.09 / 279.25 |
$50.26 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $50.26 |
| Current discount | Discount to share price of
$48.15
= -1 x ($48.15 - $50.26) / $50.26 |
4.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Seagate Technology's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Seagate Technology's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Seagate Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Seagate Technology's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-28) in USD | $5.85 |
| NasdaqGS:STX Share Price ** | NasdaqGS (2019-03-18) in USD | $48.15 |
| United States of America Tech Industry PE Ratio | Median Figure of 15 Publicly-Listed Tech Companies | 16.87x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Seagate Technology.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:STX Share Price ÷ EPS (both in USD) = 48.15 ÷ 5.85 |
8.23x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seagate Technology is good value based on earnings compared to the US Tech industry average.
- Seagate Technology is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Seagate Technology's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.23x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts |
-6.1%per year |
| United States of America Tech Industry PEG Ratio | Median Figure of 8 Publicly-Listed Tech Companies | 1.08x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.23x ÷ -6.1% |
-1.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seagate Technology earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Seagate Technology's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-28) in USD | $6.83 |
| NasdaqGS:STX Share Price * | NasdaqGS (2019-03-18) in USD | $48.15 |
| United States of America Tech Industry PB Ratio | Median Figure of 37 Publicly-Listed Tech Companies | 1.88x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:STX Share Price ÷ Book Value per Share (both in USD) = 48.15 ÷ 6.83 |
7.05x |
* Primary Listing of Seagate Technology.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seagate Technology is overvalued based on assets compared to the US Tech industry average.
Value checks
We assess Seagate Technology's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check) Seagate Technology has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
STX Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Seagate Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Seagate Technology's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Seagate Technology's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:STX Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts | -6.1% |
| NasdaqGS:STX Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts | -3.8% |
| United States of America Tech Industry Earnings Growth Rate | Market Cap Weighted Average | 4.7% |
| United States of America Tech Industry Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 9,604 | 1,869 | 1,085 | 8 |
| 2020-06-30 | 10,071 | 1,780 | 1,287 | 20 |
| 2019-06-30 | 10,352 | 1,936 | 1,224 | 20 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-28 | 11,344 | 1,901 | 1,676 |
| 2018-09-28 | 11,543 | 2,463 | 1,451 |
| 2018-06-29 | 11,184 | 2,113 | 1,182 |
| 2018-03-30 | 10,755 | 1,888 | 835 |
| 2017-12-29 | 10,626 | 1,756 | 648 |
| 2017-09-29 | 10,606 | 1,562 | 786 |
| 2017-06-30 | 10,771 | 1,916 | 772 |
| 2017-03-31 | 11,019 | 1,942 | 728 |
| 2016-12-30 | 10,940 | 1,721 | 514 |
| 2016-09-30 | 11,032 | 1,447 | 381 |
| 2016-07-01 | 11,160 | 1,680 | 248 |
| 2016-04-01 | 11,434 | 1,639 | 315 |
| 2016-01-01 | 12,169 | 1,808 | 626 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
All data from Seagate Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-06-30 | 3.98 | 4.59 | 3.63 | 3.00 |
| 2020-06-30 | 4.40 | 5.18 | 3.49 | 10.00 |
| 2019-06-30 | 4.25 | 4.47 | 3.93 | 9.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-28 | 5.85 |
| 2018-09-28 | 5.05 |
| 2018-06-29 | 4.10 |
| 2018-03-30 | 2.89 |
| 2017-12-29 | 2.22 |
| 2017-09-29 | 2.68 |
| 2017-06-30 | 2.61 |
| 2017-03-31 | 2.45 |
| 2016-12-30 | 1.73 |
| 2016-09-30 | 1.28 |
| 2016-07-01 | 0.83 |
| 2016-04-01 | 1.03 |
| 2016-01-01 | 2.01 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Seagate Technology is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
Future performance checks
We assess Seagate Technology's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Seagate Technology has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
STX Past Performance
How has Seagate Technology performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Seagate Technology's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Seagate Technology's 1-year earnings growth exceeds its 5-year average (158% vs -13.3%)
- Seagate Technology's earnings growth has exceeded the US Tech industry average in the past year (158% vs 94.9%).
Earnings and Revenue History
All data from Seagate Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-28 | 11,344.00 | 1,676.00 | 508.00 | 1,021.00 |
| 2018-09-28 | 11,543.00 | 1,451.00 | 530.00 | 1,025.00 |
| 2018-06-29 | 11,184.00 | 1,182.00 | 560.00 | 1,022.00 |
| 2018-03-30 | 10,755.00 | 835.00 | 569.00 | 1,020.00 |
| 2017-12-29 | 10,626.00 | 648.00 | 583.00 | 1,090.00 |
| 2017-09-29 | 10,606.00 | 786.00 | 594.00 | 1,145.00 |
| 2017-06-30 | 10,771.00 | 772.00 | 604.00 | 1,197.00 |
| 2017-03-31 | 11,019.00 | 728.00 | 601.00 | 1,251.00 |
| 2016-12-30 | 10,940.00 | 514.00 | 602.00 | 1,225.00 |
| 2016-09-30 | 11,032.00 | 381.00 | 608.00 | 1,224.00 |
| 2016-07-01 | 11,160.00 | 248.00 | 635.00 | 1,237.00 |
| 2016-04-01 | 11,434.00 | 315.00 | 694.00 | 1,254.00 |
| 2016-01-01 | 12,169.00 | 626.00 | 764.00 | 1,302.00 |
| 2015-10-02 | 12,879.00 | 1,395.00 | 823.00 | 1,339.00 |
| 2015-07-03 | 13,739.00 | 1,742.00 | 856.00 | 1,353.00 |
| 2015-04-03 | 14,112.00 | 1,925.00 | 828.00 | 1,352.00 |
| 2015-01-02 | 14,188.00 | 2,029.00 | 798.00 | 1,303.00 |
| 2014-10-03 | 14,020.00 | 1,524.00 | 770.00 | 1,274.00 |
| 2014-06-27 | 13,724.00 | 1,570.00 | 736.00 | 1,226.00 |
| 2014-03-28 | 13,847.00 | 1,598.00 | 739.00 | 1,197.00 |
| 2013-12-27 | 13,968.00 | 1,619.00 | 696.00 | 1,194.00 |
| 2013-09-27 | 14,108.00 | 1,683.00 | 666.00 | 1,159.00 |
| 2013-06-28 | 14,351.00 | 1,838.00 | 639.00 | 1,133.00 |
| 2013-03-29 | 15,409.00 | 2,503.00 | 579.00 | 1,108.00 |
| 2012-12-28 | 16,332.00 | 3,233.00 | 575.00 | 1,084.00 |
| 2012-09-28 | 15,860.00 | 3,304.00 | 555.00 | 1,066.00 |
| 2012-06-29 | 14,939.00 | 2,862.00 | 506.00 | 1,006.00 |
| 2012-03-30 | 13,316.00 | 1,968.00 | 516.00 | 966.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Seagate Technology made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
- Seagate Technology used its assets more efficiently than the US Tech industry average last year based on Return on Assets.
- Seagate Technology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Seagate Technology's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Seagate Technology has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
STX Health
How is Seagate Technology's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Seagate Technology's finances.
The net worth of a company is the difference between its assets and liabilities.
- Seagate Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Seagate Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Seagate Technology Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-28 | 1,934.00 | 4,324.00 | 1,357.00 |
| 2018-09-28 | 1,846.00 | 4,821.00 | 1,942.00 |
| 2018-06-29 | 1,665.00 | 4,819.00 | 1,853.00 |
| 2018-03-30 | 1,364.00 | 4,822.00 | 2,926.00 |
| 2017-12-29 | 1,061.00 | 4,876.00 | 2,556.00 |
| 2017-09-29 | 1,242.00 | 5,002.00 | 2,285.00 |
| 2017-06-30 | 1,364.00 | 5,021.00 | 2,539.00 |
| 2017-03-31 | 1,608.00 | 5,231.00 | 3,026.00 |
| 2016-12-30 | 1,523.00 | 4,093.00 | 1,716.00 |
| 2016-09-30 | 1,524.00 | 4,092.00 | 1,494.00 |
| 2016-07-01 | 1,593.00 | 4,091.00 | 1,131.00 |
| 2016-04-01 | 1,683.00 | 4,130.00 | 1,199.00 |
| 2016-01-01 | 1,821.00 | 4,140.00 | 1,264.00 |
| 2015-10-02 | 1,922.00 | 4,140.00 | 1,921.00 |
| 2015-07-03 | 3,018.00 | 4,155.00 | 2,485.00 |
| 2015-04-03 | 3,191.00 | 3,931.00 | 2,610.00 |
| 2015-01-02 | 3,715.00 | 3,932.00 | 3,302.00 |
| 2014-10-03 | 2,946.00 | 3,809.00 | 2,201.00 |
| 2014-06-27 | 2,832.00 | 3,920.00 | 2,654.00 |
| 2014-03-28 | 2,638.00 | 3,514.00 | 2,306.00 |
| 2013-12-27 | 2,495.00 | 3,572.00 | 2,339.00 |
| 2013-09-27 | 3,689.00 | 2,773.00 | 2,413.00 |
| 2013-06-28 | 3,506.00 | 2,777.00 | 2,188.00 |
| 2013-03-29 | 3,312.00 | 2,478.00 | 1,909.00 |
| 2012-12-28 | 2,925.00 | 2,818.00 | 1,872.00 |
| 2012-09-28 | 3,535.00 | 2,870.00 | 2,370.00 |
| 2012-06-29 | 3,497.00 | 2,863.00 | 2,118.00 |
| 2012-03-30 | 3,674.00 | 2,862.00 | 2,046.00 |
- Seagate Technology's level of debt (223.6%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (142.9% vs 223.6% today).
- Debt is well covered by operating cash flow (44%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 12.1x coverage).
Financial health checks
We assess Seagate Technology's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Seagate Technology has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
STX Dividends
What is Seagate Technology's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Seagate Technology
shares you are expected to receive
$105
in your first year as a dividend.
Dividend Amount
- Seagate Technology's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Seagate Technology's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Upcoming dividend payment
Purchase Seagate Technology on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
| United States of America Tech Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 1.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-06-30 | 2.61 | 5.00 |
| 2020-06-30 | 2.54 | 10.00 |
| 2019-06-30 | 2.52 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-04 | 2.520 | 5.451 |
| 2018-11-02 | 2.520 | 6.160 |
| 2018-09-07 | 2.520 | 5.572 |
| 2018-08-03 | 2.520 | 4.732 |
| 2018-07-30 | 2.520 | 4.720 |
| 2018-05-01 | 2.520 | 4.403 |
| 2018-01-29 | 2.520 | 4.508 |
| 2017-07-25 | 2.520 | 6.834 |
| 2017-04-26 | 2.520 | 6.121 |
| 2016-10-19 | 2.520 | 6.077 |
| 2016-09-09 | 2.520 | 6.882 |
| 2016-08-05 | 2.520 | 7.643 |
| 2016-08-02 | 2.520 | 8.082 |
| 2016-04-29 | 2.520 | 10.707 |
| 2015-10-21 | 2.520 | 7.684 |
| 2015-08-12 | 2.160 | 4.633 |
| 2015-07-31 | 2.160 | 4.228 |
| 2015-04-30 | 2.160 | 4.143 |
| 2015-04-17 | 2.160 | 3.698 |
| 2014-10-22 | 2.160 | 3.567 |
| 2014-07-18 | 1.720 | 2.966 |
| 2014-04-29 | 1.720 | 3.155 |
| 2014-01-27 | 1.720 | 3.274 |
| 2013-10-29 | 1.720 | 3.278 |
| 2013-10-28 | 1.720 | 3.508 |
| 2013-05-01 | 1.520 | 3.548 |
| 2012-11-29 | 1.520 | 4.604 |
| 2012-10-31 | 1.280 | 4.649 |
| 2012-07-30 | 1.280 | 4.155 |
| 2012-04-17 | 1.000 | 3.783 |
| 2012-01-26 | 1.000 | 3.786 |
| 2011-10-20 | 0.720 | 4.279 |
| 2011-07-20 | 0.720 | 6.214 |
| 2011-04-07 | 0.720 | 4.384 |
| 2011-02-03 | 0.000 | 0.000 |
| 2011-01-19 | 0.000 | 0.000 |
| 2010-11-03 | 0.000 | 0.000 |
| 2010-10-20 | 0.000 | 0.000 |
| 2010-08-20 | 0.000 | 0.000 |
| 2010-07-20 | 0.000 | 0.000 |
| 2010-05-05 | 0.000 | 0.000 |
| 2010-04-20 | 0.000 | 0.000 |
| 2010-02-01 | 0.000 | 0.000 |
| 2010-01-20 | 0.000 | 0.000 |
| 2009-11-04 | 0.000 | 0.000 |
| 2009-10-20 | 0.000 | 0.000 |
| 2009-08-19 | 0.000 | 0.000 |
| 2009-07-21 | 0.000 | 0.000 |
| 2009-03-19 | 0.120 | 1.531 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Seagate Technology's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
Income/ dividend checks
We assess Seagate Technology's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Seagate Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Seagate Technology has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
STX Management
CEO
| COMPENSATION | $9,332,073 |
| AGE | 51 |
| TENURE AS CEO | 1.4 years |
CEO Bio
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 Technology Plc from June 27, 2016 to September 2017. Dr. Mosley served as the President of Operations and Technology at Seagate Technology Public Limited Company since October 2013 until June 2016 and served as its President of Global Markets and Customers since January 4, 2016. Dr. Mosley served as an Executive Vice President of Operations at Seagate Technology Public Limited Company since March 8, 2011 until October 2013. Dr. Mosley joined Seagate in 1996 as a Senior Engineer and responsible for its global drive, Heads and media manufacturing operations. From 1996 to 2002, he served in varying roles of increasing responsibility until his promotion to Vice President. He served as an Executive Vice President of Sales and Marketing at Seagate Technology Public Limited Company from September 2009 to March 8, 2011. He served as an Executive Vice President of Sales, Marketing & Product Line Management at Seagate Technology Public Limited Company from February 9, 2009 to September 2009. Dr. Mosley served as Senior Vice President of Global Disk Storage Operations at Seagate Technology Public Limited Company from 2007 to 2009. Prior to that, he served in several positions as Vice President, Research and Development, Engineering from 2002 to 2007; Senior Director, Research and Development, Engineering from 2000 to 2002; Director, Research & Development, Engineering from 1998 to 2000; and Manager, Operations & Manufacturing from 1996 to 1998. He served as Vice President and site management team leader for Seagate's Longmont, Colorado, operation; and he has led Seagate's emerging products development team. Prior to joining Seagate, Dr. Mosley was a Research Physicist at Lawrence Livermore National Laboratory and a Senior Engineer at Micropolis and Conner Peripherals. He has been Director of Seagate Technology plc since July 25, 2017. He earned a Ph.D. in Physics from the University of California, Davis focusing on solid state physics.
CEO Compensation
- Dave's compensation has been consistent with company performance over the past year.
- Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Seagate Technology management team in years:
- The average tenure for the Seagate Technology management team is less than 2 years, this suggests a new team.
Management Team
Steve Luczo
Executive Chairman
$8M
61
1.4 yrs
Dave Mosley
President
$9M
51
1.4 yrs
Jim Murphy
Executive Vice President of Worldwide Sales & Marketing
$4M
59
2.2 yrs
Jeffrey Nygaard
Executive Vice President of Global Operations
$4M
54
1.4 yrs
Gianluca Romano
Executive VP & CFO
0.2 yrs
Géraldine Hottier-Fayon
Interim Principal Accounting Officer
44
0.6 yrs
Ravi Naik
Chief Information Officer
1.7 yrs
Jingjing Chen
Director of Investor Relations
Kate Schuelke
Senior VP
55
1.8 yrs
Kate Scolnick
Senior VP of Finance
2.2 yrs
Board of Directors Tenure
Average tenure and age of the Seagate Technology board of directors in years:
- The tenure for the Seagate Technology board of directors is about average.
Board of Directors
Dave Mosley
President
$9M
51
1.7 yrs
Ed Zander
Independent Director
$395K
71
10 yrs
Steve Luczo
Executive Chairman
$8M
61
16.8 yrs
Mike Cannon
Lead Independent Director
$428K
65
2.4 yrs
Jay Geldmacher
Independent Director
$382K
62
6.9 yrs
Judy Bruner
Director
$330K
59
1.2 yrs
Chong Park
Independent Director
$403K
70
12.8 yrs
Bill Coleman
Independent Director
$371K
70
6.9 yrs
Stephanie Tilenius
Independent Director
$381K
51
5.2 yrs
Mark Adams
Director
$380K
54
2.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22. Feb 19 | Sell | Stephen Luczo | Individual | 20. Feb 19 | 20. Feb 19 | -50,000 | $46.09 | $-2,304,495 | ||
| 20. Feb 19 | Sell | James Murphy | Individual | 14. Feb 19 | 14. Feb 19 | -10,832 | $45.75 | $-495,512 | ||
| 20. Feb 19 | Sell | Stephen Luczo | Individual | 14. Feb 19 | 14. Feb 19 | -50,000 | $45.67 | $-2,283,675 | ||
| 08. Feb 19 | Buy | ValueAct Capital Management L.P. | Company | 06. Feb 19 | 08. Feb 19 | 2,225,000 | $45.68 | $99,910,000 | ||
| 10. Dec 18 | Buy | ValueAct Capital Management L.P. | Company | 06. Dec 18 | 07. Dec 18 | 400,000 | $40.97 | $16,244,301 | ||
| 06. Dec 18 | Sell | Stephen Luczo | Individual | 03. Dec 18 | 03. Dec 18 | -30,000 | $44.16 | $-1,324,755 | ||
| 04. Dec 18 | Sell | James Murphy | Individual | 30. Nov 18 | 30. Nov 18 | -13,660 | $42.53 | $-580,993 | ||
| 30. Nov 18 | Buy | ValueAct Capital Management L.P. | Company | 28. Nov 18 | 30. Nov 18 | 124,127 | $41.99 | $5,207,512 | ||
| 23. Nov 18 | Buy | ValueAct Capital Management L.P. | Company | 20. Nov 18 | 23. Nov 18 | 371,086 | $41.99 | $15,527,050 | ||
| 31. Aug 18 | Sell | James Murphy | Individual | 29. Aug 18 | 29. Aug 18 | -410 | $56.60 | $-23,206 | ||
| 23. Aug 18 | Sell | Stephen Luczo | Individual | 21. Aug 18 | 21. Aug 18 | -35,000 | $55.40 | $-1,939,116 | ||
| 21. Aug 18 | Buy | ValueAct Capital Management L.P. | Company | 17. Aug 18 | 17. Aug 18 | 23,200 | $52.95 | $1,228,440 | ||
| 16. Aug 18 | Buy | ValueAct Capital Management L.P. | Company | 14. Aug 18 | 16. Aug 18 | 931,882 | $53.00 | $49,224,746 | ||
| 14. Aug 18 | Buy | ValueAct Capital Management L.P. | Company | 14. Aug 18 | 14. Aug 18 | 250,000 | $52.78 | $13,195,000 | ||
| 13. Aug 18 | Buy | ValueAct Capital Management L.P. | Company | 09. Aug 18 | 13. Aug 18 | 2,090,783 | $51.36 | $106,505,242 | ||
| 02. Aug 18 | Buy | ValueAct Capital Management L.P. | Company | 31. Jul 18 | 02. Aug 18 | 946,000 | $52.94 | $49,927,490 | ||
| 08. Jun 18 | Sell | Stephen Luczo | Individual | 06. Jun 18 | 06. Jun 18 | -100,000 | $59.05 | $-5,905,000 | ||
| 11. May 18 | Sell | Zanadu Capital Partners, LLC | Company | 09. May 18 | 09. May 18 | -9,618 | $57.23 | $-550,438 | ||
| 11. May 18 | Sell | Edward Zander | Individual | 09. May 18 | 09. May 18 | -14,000 | $57.20 | $-800,800 | ||
| 11. May 18 | Sell | Stephen Luczo | Individual | 08. May 18 | 08. May 18 | -100,000 | $56.01 | $-5,601,000 | ||
Management checks
We assess Seagate Technology's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Seagate Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
STX News
Simply Wall St News
Can You Imagine How Seagate Technology's (NASDAQ:STX) Shareholders Feel About The 28% Share Price Increase?
That's what has happened with the Seagate Technology plc (NASDAQ:STX) share price. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Seagate Technology was able to grow its EPS at 43% per year over three years, sending the share price higher.
Simply Wall St - – Full articleDo You Like Seagate Technology plc (NASDAQ:STX) At This P/E Ratio?
We'll show how you can use Seagate Technology plc's (NASDAQ:STX) P/E ratio to inform your assessment of the investment opportunity. … How Do I Calculate Seagate Technology's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleA Holistic Look At Seagate Technology plc (NASDAQ:STX)
Help shape the future of investing tools and you could win a $250 gift card! … Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Seagate Technology plc (NASDAQ:STX) due to its excellent fundamentals in more than one area.
Simply Wall St - – Full articleCan Seagate Technology plc's (NASDAQ:STX) ROE Continue To Surpass The Industry Average?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Seagate Technology has a return on equity of 79% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHave Insiders Been Selling Seagate Technology plc (NASDAQ:STX) Shares This Year?
So we'll take a look at whether insiders have been buying or selling shares in Seagate Technology plc (NASDAQ:STX). … The Last 12 Months Of Insider Transactions At Seagate Technology … In the last twelve months, the biggest single sale by an insider was when Executive Chairman Stephen Luczo sold US$5.9m worth of shares at a price of US$59.05 per share
Simply Wall St - – Full articleShould You Like Seagate Technology plc’s (NASDAQ:STX) High Return On Capital Employed?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleSeagate Technology plc (NASDAQ:STX) Is A Real Dividend Rock Star - Here Is Why
Over the past 10 years Seagate Technology plc (NASDAQ:STX) has grown its dividend payouts from $0.48 to $2.52. … With a market cap of US$12b, Seagate Technology pays out 50% of its earnings, leading to a 5.8% yield. … Check out our latest analysis for Seagate Technology?
Simply Wall St - – Full articleEstimating The Intrinsic Value Of Seagate Technology plc (NASDAQ:STX)
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Seagate Technology plc (NASDAQ:STX) as an investment opportunity. … by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF).
Simply Wall St - – Full articleShould You Consider Seagate Technology plc (NASDAQ:STX)?
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleHow Does Seagate Technology plc (NASDAQ:STX) Fare As A Dividend Stock?
Seagate Technology plc (NASDAQ:STX) has pleased shareholders over the past 10 years, by paying out dividends. … The stock currently pays out a dividend yield of 5.8%, and has a market cap of US$12.6b. … Let's dig deeper into whether Seagate Technology should have a place in your portfolio.
Simply Wall St - – Full articleSTX Company Info
Description
Seagate Technology plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. It manufactures and distributes hard disk drives; solid state drives (SSDs), including serial attached small computer system interface and non-volatile memory express SSDs; solid state hybrid drives; and storage subsystems. The company’s products are used in enterprise servers and storage systems; edge compute/client compute applications, primarily for desktop and mobile computing; and edge non-compute/client non-compute applications, such as various end user devices comprising portable external storage systems, surveillance systems, digital video recorders, network-attached storages, and gaming consoles, as well as data centers. It also provides cloud systems and solutions portfolio that includes modular original equipment manufacturer (OEM) storage systems and scale-out storage servers. In addition, the company offers external storage solutions under the Seagate Backup Plus and Expansion product lines, as well as under the LaCie and Maxtor brands in capacities up to 120TB. The company sells its products primarily to OEMs, distributors, and retailers. Seagate Technology plc was founded in 1979 and is headquartered in Dublin, Ireland.
Details
| Name: | Seagate Technology plc |
| STX | |
| Exchange: | NasdaqGS |
| Founded: | 1979 |
| $13,445,788,744 | |
| 279,247,949 | |
| Website: | http://www.seagate.com |
| Address: |
Seagate Technology plc 38/39 Fitzwilliam Square, Dublin, Co. Dublin, 2, Ireland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | STX | Common Shares | Nasdaq Global Select | US | USD | 11. Dec 2002 | |
| DB | STT | Common Shares | Deutsche Boerse AG | DE | EUR | 11. Dec 2002 | |
| LSE | 0Y2A | Common Shares | London Stock Exchange | GB | USD | 11. Dec 2002 | |
| WBAG | STX | Common Shares | Wiener Boerse AG | AT | EUR | 11. Dec 2002 |
Number of employees
Current staff
Industry
| Technology Hardware, Storage and Peripherals | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:46 |
| End of day share price update: | 2019/03/18 00:00 |
| Last estimates confirmation: | 2019/03/15 |
| Last earnings filing: | 2019/02/04 |
| Last earnings reported: | 2018/12/28 |
| Last annual earnings reported: | 2018/06/29 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
