STX
Seagate Technology Holdings plc (STX)
Last Price$100.1(1.8%)
Market Cap$21.7B
DCF value
$83.1
Overvalued (DCF value)
(16.9%)
Discount Rate
8.6%
Long-Term Growth Rate
4.0%
Stock quality
6/10
Good

STX DCF Model

Free Cash Flow to Firm Model
NOPAT Model
Free Cash Flow to Equity Model
Net Income Model
Millions
Billions
Jul'20 ActualJul'21 ActualJul'22 ActualJun'23 ActualJun'24 ActualJun'25 EstimateJun'26 EstimateJun'27 EstimateJun'28 EstimateJun'29 EstimateJun'30 EstimateJun'31 EstimateJun'32 EstimateJun'33 EstimateJun'34 EstimateJun'35 Terminal
% growth
10,509.0
1.1%
10,681.0
1.6%
11,661.0
9.2%
7,384.0
(36.7%)
6,551.0
(11.3%)
9,050.2
38.2%
10,266.2
13.4%
10,421.5
1.5%
10,165.0
(2.5%)
10,008.7
(1.5%)
9,947.1
(0.6%)
9,977.7
0.3%
10,100.6
1.2%
10,318.1
2.2%
10,635.6
3.1%
11,061.0
4.0%
1,300.0
12.4%
1,492.0
14.0%
1,955.0
16.8%
(342.0)
(4.6%)
452.0
6.9%
955.8
10.6%
1,084.3
10.6%
1,100.7
10.6%
1,073.6
10.6%
1,057.1
10.6%
1,050.6
10.6%
1,053.8
10.6%
1,066.8
10.6%
1,089.7
10.6%
1,123.3
10.6%
1,168.2
10.6%
NOPAT
% effective tax rate
1,264.7
12.0%
1,454.4
13.6%
1,920.1
16.5%
(364.8)
(4.9%)
340.3
5.2%
719.6
8.0%
816.2
8.0%
828.6
8.0%
808.2
8.0%
795.8
8.0%
790.9
8.0%
793.3
8.0%
803.1
8.0%
820.4
8.0%
845.6
8.0%
879.4
8.0%
% of revenue
379.0
3.6%
397.0
3.7%
451.0
3.9%
513.0
6.9%
264.0
4.0%
447.8
4.9%
508.0
4.9%
515.7
4.9%
503.0
4.9%
495.3
4.9%
492.2
4.9%
493.7
4.9%
499.8
4.9%
510.6
4.9%
526.3
4.9%
547.3
4.9%
% of revenue
(585.0)
(5.6%)
(498.0)
(4.7%)
(381.0)
(3.3%)
(316.0)
(4.3%)
(254.0)
(3.9%)
(344.6)
(3.8%)
(390.9)
(3.8%)
(396.9)
(3.8%)
(387.1)
(3.8%)
(381.1)
(3.8%)
(378.8)
(3.8%)
(380.0)
(3.8%)
(384.6)
(3.8%)
(392.9)
(3.8%)
(405.0)
(3.8%)
(421.2)
(3.8%)
118.0
1.1%
(144.0)
(1.3%)
(643.0)
(5.5%)
1,162.0
15.7%
159.0
2.4%
381.6
4.2%
432.9
4.2%
439.4
4.2%
428.6
4.2%
422.0
4.2%
419.4
4.2%
420.7
4.2%
425.9
4.2%
435.1
4.2%
448.5
4.2%
466.4
4.2%
Free Cash Flow to Firm (FCFF)
% of revenue
1,176.7
11.2%
1,209.4
11.3%
1,347.1
11.6%
994.2
13.5%
509.3
7.8%
1,204.4
13.3%
1,366.2
13.3%
1,386.8
13.3%
1,352.7
13.3%
1,331.9
13.3%
1,323.7
13.3%
1,327.8
13.3%
1,344.1
13.3%
1,373.1
13.3%
1,415.3
13.3%
1,472.0
13.3%
% of FCFF used in calculation
32.1%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
Discount period
0.50
1.50
2.50
3.50
4.50
5.50
6.50
7.50
8.50
9.50
Discount factor
0.96
0.88
0.81
0.75
0.69
0.63
0.58
0.54
0.49
0.45
Discounted FCFF (DFCFF)
370.4
1,206.4
1,127.1
1,011.9
917.0
838.8
774.4
721.6
678.4
643.6

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STX DCF Value

DCF Value Calculation

as of Mar 03, 2025
Sum of DFCFF
% share of EV
8,289.6M
36.5%
Terminal Value (TV)
31.7B
Discounted TV
% share of EV
14.4B
63.5%
Total Debt
6,012.0M
Shares outstanding
217.0M
FX rate
1.0
16.9% overvalued

Equity Value Bridge

STX DCF Financials

Revenue
$6,551.0M -> $10.6B 5.0% CAGR
Operating Income
$452.0M -> $1,123.3M 9.5% CAGR
FCFF
$509.3M -> $1,415.3M 10.8% CAGR

STX DCF sensitivity

DCF value
Long-term Terminal growth rate
3.0%
3.5%
4.0%
4.5%
5.0%
WACC
8.0%
$83.0
$90.0
$99.0
$110.0
$110.0
8.5%
$74.0
$79.0
$86.0
$95.0
$106.0
8.6%
$71.0
$77.0
$83.0
$91.0
$101.0
9.5%
$59.0
$63.0
$67.0
$73.0
$79.0
10.0%
$54.0
$57.0
$60.0
$64.0
$69.0
DCF value, undervalued / overvalued
Long-term Terminal growth rate
3.0%
3.5%
4.0%
4.5%
5.0%
WACC
8.0%
(17.0%)
(10.0%)
(1.0%)
10.0%
10.0%
8.5%
(26.0%)
(21.0%)
(14.0%)
(5.0%)
6.0%
8.6%
(29.0%)
(23.0%)
(17.0%)
(9.0%)
1.0%
9.5%
(41.0%)
(37.0%)
(33.0%)
(27.0%)
(21.0%)
10.0%
(46.0%)
(43.0%)
(40.0%)
(36.0%)
(31.0%)

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FAQ

What is Seagate Technology Holdings plc DCF (discounted cash flow) valuation?

As of Mar 03, 2025, Seagate Technology Holdings plc's Discounted Cash Flow (DCF) valuation estimates its share price at $83.1. This suggests it may be overvalued by (16.9%) compared to its current price of around $100.1, using a WACC of 8.6% and growth rates of 4.0%.

What is Seagate Technology Holdings plc WACC?

As of Mar 03, 2025, Seagate Technology Holdings plc's Weighted Average Cost of Capital (WACC) is approximately 8.6%.

What is Seagate Technology Holdings plc Enterprise Value?

As of Mar 03, 2025, Seagate Technology Holdings plc's Enterprise Value (EV) is approximately $22.7B. This value reflects the company's total market capitalization plus debt, minus cash and cash equivalents, providing a comprehensive measure of its overall value in the market.