| 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 | $36B | |||||
| 2021 | - | - (-) | P/E Ratio | 25 | 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 | 0.21 | Debt/Equity | -11.03 | |||||
| 2025 | $818M | 23.2% (-11.3%) | PreTax Margin | 17.52 | BV/Share | -8 | |||||
| 5Y Average FCF | $846M | -7.2% (-4.7%) | |||||||||
| 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 | $851M | MBG Intrinsic Value | $61 | ||||||||
| 2027 | $885M | ||||||||||
| 2028 | $920M | ||||||||||
| 2029 | $957M | ||||||||||
| 2030 | $995M | ||||||||||
| 2031 | $1B | ||||||||||
| Terminal Value | $22B | Net Worth/Share | $-2 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $18B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $891M | $67 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $5B | WACC | 7.3% | 57 | 62 | 69 | 77 | 87 | |||
| Equity Value | $14B | 7.4% | 56 | 62 | 68 | 76 | 86 | ||||
| Shares Outstanding | 212,676,992 | 7.4% | 56 | 61 | 67 | 75 | 85 | ||||
| 7.9% | 50 | 54 | 59 | 65 | 73 | ||||||
| DCF Intrinsic Value | $67 | 8.4% | 45 | 48 | 52 | 57 | 64 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||