| Intrinsic Valuation of: STX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 7 | Market Cap | $31B | |||||
| 2021 | - | - (-) | P/E Ratio | 21 | Total Asset | $8B | |||||
| 2022 | $1B | - (-) | Net Income | $335M | Total Debt | $5B | |||||
| 2023 | $1B | 13.1% (3.6%) | EBITDA | $1B | Total Liab | $9B | |||||
| 2024 | $626M | -50.9% (-22.5%) | Opr Margin | 0.06 | Debt/Equity | -3.48 | |||||
| 2025 | $664M | 6.1% (19.6%) | PreTax Margin | 1.37 | BV/Share | -13 | |||||
| 5Y Average FCF | $924M | -10.6% (0.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $691M | MBG Intrinsic Value | $63 | ||||||||
| 2027 | $718M | ||||||||||
| 2028 | $747M | ||||||||||
| 2029 | $777M | ||||||||||
| 2030 | $808M | ||||||||||
| 2031 | $840M | ||||||||||
| Terminal Value | $17B | Net Worth/Share | $-7 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $15B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $1B | $52 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 7.3% | 44 | 48 | 54 | 60 | 69 | |||
| Equity Value | $11B | 7.4% | 43 | 48 | 53 | 59 | 68 | ||||
| Shares Outstanding | 212,216,992 | 7.4% | 43 | 47 | 52 | 59 | 67 | ||||
| 7.9% | 38 | 42 | 46 | 51 | 57 | ||||||
| DCF Intrinsic Value | $52 | 8.4% | 34 | 37 | 40 | 44 | 49 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||