| Intrinsic Valuation of: STX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 11 | Market Cap | $178B | |||||
| 2021 | - | - (-) | P/E Ratio | 75 | Total Asset | $8B | |||||
| 2022 | $1B | - (-) | Net Income | $1B | Total Debt | $5B | |||||
| 2023 | $626M | -50.9% (-22.5%) | EBITDA | $2B | Total Liab | $8B | |||||
| 2024 | $664M | 6.1% (19.6%) | Opr Margin | 21.05 | Debt/Equity | -11.03 | |||||
| 2025 | $818M | 23.2% (-11.3%) | PreTax Margin | 17.52 | BV/Share | -7 | |||||
| 5Y Average FCF | $846M | -2.0% (-4.7%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 1.00% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 14.00% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (-2.0%) | ||||||||||
| 2026 | $810M | MBG Intrinsic Value | $96 | ||||||||
| 2027 | $799M | ||||||||||
| 2028 | $792M | ||||||||||
| 2029 | $791M | ||||||||||
| 2030 | $794M | ||||||||||
| 2031 | $802M | ||||||||||
| Terminal Value | $6B | Net Worth/Share | $-2 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $6B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $891M | $8 | 1.0% | 1.2% | 1.5% | 1.8% | 2.0% | ||||
| (-) Total Debt | $5B | WACC | 12.0% | 13 | 13 | 14 | 14 | 15 | |||
| Equity Value | $2B | 12.5% | 12 | 12 | 12 | 13 | 13 | ||||
| Shares Outstanding | 224,228,992 | 13.0% | 10 | 11 | 11 | 11 | 12 | ||||
| 13.5% | 9 | 10 | 10 | 10 | 11 | ||||||
| DCF Intrinsic Value | $8 | 14.0% | 8 | 8 | 9 | 9 | 9 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||