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STX

Seagate Technology HoldingsNasdaqGS:STX Stock Report

Market Cap

US$19.9b

7D

9.3%

1Y

84.4%

Updated

27 Oct, 2021

Data

Company Financials +
STX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health3/6
Dividends5/6

STX Overview

Seagate Technology Holdings plc provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally.

Seagate Technology Holdings Competitors

Dell Technologies

NYSE:DELL

US$82.9b

HP

NYSE:HPQ

US$34.2b

Hewlett Packard Enterprise

NYSE:HPE

US$19.1b

Western Digital

NasdaqGS:WDC

US$17.3b

Price History & Performance

Summary of all time highs, changes and price drops for Seagate Technology Holdings
Historical stock prices
Current Share PriceUS$88.03
52 Week HighUS$46.92
52 Week LowUS$106.22
Beta1.14
1 Month Change1.29%
3 Month Change0.95%
1 Year Change84.40%
3 Year Change118.82%
5 Year Change169.62%
Change since IPO665.48%

Recent News & Updates

Oct 22

Seagate - Better Than Western Digital, A 'Buy' And Great Options

I recently wrote an article about Western Digital, a storage solution company in the IT space where I gave some tips on how to invest in the company. We now look at Seagate, also a storage business, and with a decent upside and a tailwind to earnings expected. At current valuation, there's plenty of play here - let's see what.

Oct 14
We Take A Look At Why Seagate Technology Holdings plc's (NASDAQ:STX) CEO Has Earned Their Pay Packet

We Take A Look At Why Seagate Technology Holdings plc's (NASDAQ:STX) CEO Has Earned Their Pay Packet

We have been pretty impressed with the performance at Seagate Technology Holdings plc ( NASDAQ:STX ) recently and CEO...

Sep 29
Is It Too Late To Consider Buying Seagate Technology Holdings plc (NASDAQ:STX)?

Is It Too Late To Consider Buying Seagate Technology Holdings plc (NASDAQ:STX)?

Let's talk about the popular Seagate Technology Holdings plc ( NASDAQ:STX ). The company's shares saw significant share...

Shareholder Returns

STXUS TechUS Market
7D9.3%-0.3%-0.3%
1Y84.4%37.6%37.0%

Return vs Industry: STX exceeded the US Tech industry which returned 31.8% over the past year.

Return vs Market: STX exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is STX's price volatile compared to industry and market?
STX volatility
STX Beta1.14
Industry Beta1.22
Market Beta1

Stable Share Price: STX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: STX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197840,000Dave Mosleyhttps://www.seagate.com

Seagate Technology Holdings 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 serial advanced technology attachment, serial attached SCSI, and non-volatile memory express products; solid state hybrid drives; and storage subsystems. It also provides enterprise data solutions portfolio comprising storage subsystems and mass capacity optimized private cloud storage solutions for enterprises, cloud service providers, and scale-out storage servers and original equipment manufacturers (OEMs).

Seagate Technology Holdings Fundamentals Summary

How do Seagate Technology Holdings's earnings and revenue compare to its market cap?
STX fundamental statistics
Market CapUS$19.89b
Earnings (TTM)US$1.62b
Revenue (TTM)US$11.48b

12.3x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
STX income statement (TTM)
RevenueUS$11.48b
Cost of RevenueUS$8.21b
Gross ProfitUS$3.28b
ExpensesUS$1.66b
EarningsUS$1.62b

Last Reported Earnings

Oct 01, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.16
Gross Margin28.52%
Net Profit Margin14.08%
Debt/Equity Ratio854.6%

How did STX perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

39%

Payout Ratio

Does STX pay a reliable dividends?

See STX dividend history and benchmarks
When do you need to buy STX by to receive an upcoming dividend?
Seagate Technology Holdings dividend dates
Ex Dividend DateDec 21 2021
Dividend Pay DateJan 05 2022
Days until Ex dividend54 days
Days until Dividend pay date69 days

Does STX pay a reliable dividends?

See STX dividend history and benchmarks

Valuation

Is Seagate Technology Holdings undervalued compared to its fair value and its price relative to the market?

17.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STX ($88.03) is trading below our estimate of fair value ($106.48)

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 (12.3x) compared to the US Tech industry average (15.5x).

PE vs Market: STX is good value based on its PE Ratio (12.3x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: STX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: STX is overvalued based on its PB Ratio (33.1x) compared to the US Tech industry average (2.4x).


Future Growth

How is Seagate Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STX's earnings are forecast to decline over the next 3 years (-1.5% per year).

Earnings vs Market: STX's earnings are forecast to decline over the next 3 years (-1.5% per year).

High Growth Earnings: STX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: STX's revenue (1.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: STX's revenue (1.5% 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 (193%).


Past Performance

How has Seagate Technology Holdings performed over the past 5 years?

14.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STX has high quality earnings.

Growing Profit Margin: STX's current net profit margins (14.1%) are higher than last year (10%).


Past Earnings Growth Analysis

Earnings Trend: STX's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: STX's earnings growth over the past year (57.5%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: STX earnings growth over the past year (57.5%) underperformed the Tech industry 67.7%.


Return on Equity

High ROE: Whilst STX's Return on Equity (269.05%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Seagate Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: STX's short term assets ($3.7B) exceed its short term liabilities ($2.9B).

Long Term Liabilities: STX's short term assets ($3.7B) do not cover its long term liabilities ($5.1B).


Debt to Equity History and Analysis

Debt Level: STX's debt to equity ratio (854.6%) is considered high.

Reducing Debt: STX's debt to equity ratio has increased from 268.5% to 854.6% over the past 5 years.

Debt Coverage: STX's debt is well covered by operating cash flow (35.5%).

Interest Coverage: STX's interest payments on its debt are well covered by EBIT (8x coverage).


Balance Sheet


Dividend

What is Seagate Technology Holdings's current dividend yield, its reliability and sustainability?

3.18%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 28 2021Ex Dividend DateDec 21 2021Dividend Pay DateJan 05 202215 days from Ex DividendBuy in the next 54 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: STX's dividend (3.18%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: STX's dividend (3.18%) 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 reasonably low payout ratio (38.8%), STX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STX's dividends in 3 years are forecast to be well covered by earnings (30.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Dave Mosley (54 yo)

4yrs

Tenure

US$11,641,189

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 ($USD11.64M) is about average for companies of similar size in the US market ($USD11.16M).

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 (4 years average tenure).


Board Members

Experienced Board: STX's board of directors are considered experienced (4 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 Holdings plc's employee growth, exchange listings and data sources


Key Information

  • Name: Seagate Technology Holdings plc
  • Ticker: STX
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$19.892b
  • Shares outstanding: 225.97m
  • Website: https://www.seagate.com

Number of Employees


Location

  • Seagate Technology Holdings plc
  • 38/39 Fitzwilliam Square
  • Dublin 2
  • Dublin
  • Co. Dublin
  • D02 NX53
  • Ireland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 23:04
End of Day Share Price2021/10/27 00:00
Earnings2021/10/01
Annual Earnings2021/07/02


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.