Seagate Technology PLC - Ordinary Shares (Ireland) (STX) Company Bio
Seagate Technology is a provider of electronic data storage products. The Company's principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. The company was founded in 1979 and is based in Dublin, Ireland.
STX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Seagate Technology plc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Seagate Technology plc ranked in the 25th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Seagate Technology plc ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 76. Its equity weight surpasses that of only 24.17% of free cash flow generating stocks in the Technology sector.
The company's compound free cash flow growth rate over the past 5.53 years comes in at -0.13%; that's greater than just 12.66% of US stocks we're applying DCF forecasting to.
Seagate Technology plc's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 16.09% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as STX, try DOCU, FICO, GRUB, SCKT, and BR.
FREMONT, Calif.--(BUSINESS WIRE)-- #bigdata--Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, introduced revolutionary open-source object storage software, a reference architecture powered by it, and a corresponding developer community. All three were built to manage the massive surge and sprawl of unstructured enterprise data. Today’s announcement was part of the company’s first annual Datasphere event. “We live in a data economy,” said Seagate’s CEO Dave Mos
FREMONT, Calif.--(BUSINESS WIRE)--Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced it is shipping 18TB helium-based enterprise drives in volume as part of the Exos® X18 family. The new drive delivers high performance and mass capacity for hyperscale data centers to efficiently and cost-effectively manage ever-increasing amounts of data. Additionally, Seagate’s Enterprise Data Solutions launched the new Exos® Application Platform (AP)
Seagate Technology plc (STX) Deutsche Bank 2020 Virtual Technology Conference Call September 14, 2020 17:20 ET Company Participants Gianluca Romano - Chief Financial Officer Conference Call Participants Sidney Ho - Deutsche Bank Presentation Sidney Ho Hey, good afternoon, everyone. My name is Sidney Ho. I cover semiconductors and semi-cap equipment...
SA Transcripts on Seeking Alpha | September 15, 2020
Seagate Technology plc (STX) Citi 2020 Global Technology Conference September 08, 2020 02:45 PM ET Company Participants Dave Mosley - Chief Executive Officer Shanye Hudson - Senior Vice President and Investor Relations Conference Call Participants Jim Suva - Citigroup Presentation Jim Suva Hello everyone, and thank you so much for...
SA Transcripts on Seeking Alpha | September 8, 2020
FREMONT, Calif.--(BUSINESS WIRE)-- #NAS--Seagate Technology, a world leader in data storage and management solutions, today announced the results of a global survey of 3,000 small and medium sized business (SMB) decision-makers. The survey, commissioned by Seagate, reveals that despite economic headwinds, existing SMB IT infrastructure for many SMBs has shown resilience, and a majority of SMBs believe business data will play an important role in their long-term recovery plans. The company also announc