Seagate Technology Holdings Plc

Seagate Technology Holdings Plc

STX

Market Cap$16.04B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Seagate Technology Holdings PlcSeagate Technology Holdings Plc13.63.75%-109%2-0.4

Earnings Call Q2 2025

January 21, 2025 - AI Summary

Strong Financial Performance: In the December quarter, Seagate reported revenue of $2.33 billion, a 7% sequential increase and a 50% year-over-year growth. Non-GAAP earnings per share (EPS) reached $2.03, marking a significant improvement as this was the first time in 12 quarters that EPS exceeded $2.
Increased Demand and Capacity Growth: The company experienced a nearly doubling of nearline product revenue on a year-over-year basis and a 60% growth in nearline revenue for the calendar year 2024, driven primarily by cloud demand. Seagate is ramping its 24-28 terabyte PMR platforms while advancing its HAMR (Heat-Assisted Magnetic Recording) technology, with announcements of sampling drives up to 36 terabytes.
Gross Margin Improvement: Non-GAAP gross margin expanded by over 200 basis points to 35.5%, with expectations for sequential improvement. Despite a forecasted revenue dip in March due to production constraints, gross margins are expected to remain strong, attributed to the higher capacity drives' favorable pricing and mix.

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$16.88

Current Fair Value

77.2% downside

Overvalued by 77.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$16.04 Billion
Enterprise Value$15.28 Billion
Dividend Yield$2.84 (3.74769068355767%)
Earnings per Share$1.6
Beta1.24
Outstanding Shares212,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio13.63
PEG-0.73
Price to Sales2.0
Price to Book Ratio-12.32
Enterprise Value to Revenue1.9
Enterprise Value to EBIT16.98
Enterprise Value to Net Income12
Total Debt to Enterprise0.03
Debt to Equity-0.44

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Seagate Technology Plc

CEO: Stephen Luczo