Intrinsic value of Seagate Technology - STX

Previous Close

$49.02

  Intrinsic Value

$123.56

stock screener

  Rating & Target

str. buy

+152%

Previous close

$49.02

 
Intrinsic value

$123.56

 
Up/down potential

+152%

 
Rating

str. buy

We calculate the intrinsic value of STX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 14.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.80
  16.52
  15.37
  14.33
  13.40
  12.56
  11.80
  11.12
  10.51
  9.96
  9.46
  9.02
  8.62
  8.25
  7.93
  7.64
  7.37
  7.13
  6.92
  6.73
  6.56
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
  5.67
  5.60
Revenue, $m
  13,175
  15,351
  17,710
  20,249
  22,961
  25,845
  28,895
  32,109
  35,484
  39,018
  42,710
  46,561
  50,572
  54,746
  59,087
  63,598
  68,286
  73,159
  78,222
  83,486
  88,959
  94,653
  100,579
  106,749
  113,176
  119,875
  126,860
  134,147
  141,753
  149,695
Variable operating expenses, $m
  11,858
  13,794
  15,892
  18,149
  20,561
  23,125
  25,838
  28,696
  31,697
  34,839
  37,980
  41,405
  44,972
  48,684
  52,543
  56,555
  60,724
  65,057
  69,560
  74,240
  79,108
  84,171
  89,440
  94,927
  100,643
  106,600
  112,811
  119,291
  126,055
  133,118
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  11,858
  13,794
  15,892
  18,149
  20,561
  23,125
  25,838
  28,696
  31,697
  34,839
  37,980
  41,405
  44,972
  48,684
  52,543
  56,555
  60,724
  65,057
  69,560
  74,240
  79,108
  84,171
  89,440
  94,927
  100,643
  106,600
  112,811
  119,291
  126,055
  133,118
Operating income, $m
  1,316
  1,558
  1,819
  2,100
  2,400
  2,720
  3,057
  3,413
  3,787
  4,178
  4,730
  5,156
  5,600
  6,063
  6,543
  7,043
  7,562
  8,102
  8,662
  9,245
  9,851
  10,482
  11,138
  11,821
  12,533
  13,275
  14,049
  14,856
  15,698
  16,577
EBITDA, $m
  2,010
  2,342
  2,702
  3,089
  3,503
  3,943
  4,408
  4,899
  5,413
  5,953
  6,516
  7,103
  7,715
  8,352
  9,014
  9,703
  10,418
  11,161
  11,934
  12,737
  13,572
  14,440
  15,344
  16,286
  17,266
  18,288
  19,354
  20,465
  21,626
  22,837
Interest expense (income), $m
  172
  260
  334
  416
  504
  599
  700
  808
  922
  1,042
  1,168
  1,300
  1,438
  1,582
  1,732
  1,888
  2,051
  2,219
  2,394
  2,576
  2,766
  2,962
  3,167
  3,380
  3,601
  3,832
  4,072
  4,323
  4,584
  4,856
  5,140
Earnings before tax, $m
  1,056
  1,223
  1,403
  1,596
  1,801
  2,019
  2,249
  2,491
  2,745
  3,010
  3,429
  3,718
  4,018
  4,330
  4,655
  4,992
  5,343
  5,707
  6,086
  6,480
  6,889
  7,315
  7,758
  8,220
  8,701
  9,203
  9,726
  10,272
  10,842
  11,437
Tax expense, $m
  285
  330
  379
  431
  486
  545
  607
  673
  741
  813
  926
  1,004
  1,085
  1,169
  1,257
  1,348
  1,443
  1,541
  1,643
  1,749
  1,860
  1,975
  2,095
  2,219
  2,349
  2,485
  2,626
  2,773
  2,927
  3,088
Net income, $m
  771
  893
  1,024
  1,165
  1,315
  1,474
  1,642
  1,819
  2,004
  2,197
  2,503
  2,714
  2,933
  3,161
  3,398
  3,644
  3,900
  4,166
  4,443
  4,730
  5,029
  5,340
  5,664
  6,001
  6,352
  6,718
  7,100
  7,499
  7,915
  8,349

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  11,081
  12,911
  14,895
  17,030
  19,312
  21,737
  24,302
  27,005
  29,843
  32,815
  35,921
  39,160
  42,533
  46,044
  49,694
  53,489
  57,432
  61,529
  65,788
  70,215
  74,818
  79,607
  84,591
  89,780
  95,186
  100,820
  106,695
  112,823
  119,220
  125,900
Adjusted assets (=assets-cash), $m
  11,081
  12,911
  14,895
  17,030
  19,312
  21,737
  24,302
  27,005
  29,843
  32,815
  35,921
  39,160
  42,533
  46,044
  49,694
  53,489
  57,432
  61,529
  65,788
  70,215
  74,818
  79,607
  84,591
  89,780
  95,186
  100,820
  106,695
  112,823
  119,220
  125,900
Revenue / Adjusted assets
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
  1.189
Average production assets, $m
  3,030
  3,531
  4,073
  4,657
  5,281
  5,944
  6,646
  7,385
  8,161
  8,974
  9,823
  10,709
  11,632
  12,592
  13,590
  14,628
  15,706
  16,826
  17,991
  19,202
  20,461
  21,770
  23,133
  24,552
  26,030
  27,571
  29,178
  30,854
  32,603
  34,430
Working capital, $m
  -277
  -322
  -372
  -425
  -482
  -543
  -607
  -674
  -745
  -819
  -897
  -978
  -1,062
  -1,150
  -1,241
  -1,336
  -1,434
  -1,536
  -1,643
  -1,753
  -1,868
  -1,988
  -2,112
  -2,242
  -2,377
  -2,517
  -2,664
  -2,817
  -2,977
  -3,144
Total debt, $m
  6,193
  7,700
  9,333
  11,090
  12,967
  14,963
  17,075
  19,299
  21,635
  24,081
  26,637
  29,302
  32,079
  34,968
  37,972
  41,095
  44,340
  47,713
  51,218
  54,861
  58,650
  62,591
  66,692
  70,963
  75,412
  80,049
  84,884
  89,928
  95,192
  100,690
Total liabilities, $m
  9,119
  10,626
  12,259
  14,016
  15,893
  17,889
  20,001
  22,225
  24,561
  27,007
  29,563
  32,228
  35,005
  37,894
  40,898
  44,021
  47,266
  50,639
  54,144
  57,787
  61,576
  65,517
  69,618
  73,889
  78,338
  82,975
  87,810
  92,854
  98,118
  103,616
Total equity, $m
  1,961
  2,285
  2,636
  3,014
  3,418
  3,847
  4,301
  4,780
  5,282
  5,808
  6,358
  6,931
  7,528
  8,150
  8,796
  9,468
  10,165
  10,891
  11,644
  12,428
  13,243
  14,090
  14,973
  15,891
  16,848
  17,845
  18,885
  19,970
  21,102
  22,284
Total liabilities and equity, $m
  11,080
  12,911
  14,895
  17,030
  19,311
  21,736
  24,302
  27,005
  29,843
  32,815
  35,921
  39,159
  42,533
  46,044
  49,694
  53,489
  57,431
  61,530
  65,788
  70,215
  74,819
  79,607
  84,591
  89,780
  95,186
  100,820
  106,695
  112,824
  119,220
  125,900
Debt-to-equity ratio
  3.160
  3.370
  3.540
  3.680
  3.790
  3.890
  3.970
  4.040
  4.100
  4.150
  4.190
  4.230
  4.260
  4.290
  4.320
  4.340
  4.360
  4.380
  4.400
  4.410
  4.430
  4.440
  4.450
  4.470
  4.480
  4.490
  4.490
  4.500
  4.510
  4.520
Adjusted equity ratio
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177
  0.177

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  771
  893
  1,024
  1,165
  1,315
  1,474
  1,642
  1,819
  2,004
  2,197
  2,503
  2,714
  2,933
  3,161
  3,398
  3,644
  3,900
  4,166
  4,443
  4,730
  5,029
  5,340
  5,664
  6,001
  6,352
  6,718
  7,100
  7,499
  7,915
  8,349
Depreciation, amort., depletion, $m
  693
  784
  883
  989
  1,103
  1,223
  1,351
  1,485
  1,626
  1,774
  1,786
  1,947
  2,115
  2,289
  2,471
  2,660
  2,856
  3,059
  3,271
  3,491
  3,720
  3,958
  4,206
  4,464
  4,733
  5,013
  5,305
  5,610
  5,928
  6,260
Funds from operations, $m
  1,465
  1,677
  1,907
  2,154
  2,418
  2,697
  2,993
  3,304
  3,630
  3,971
  4,289
  4,661
  5,048
  5,451
  5,869
  6,304
  6,756
  7,226
  7,714
  8,221
  8,749
  9,298
  9,870
  10,465
  11,085
  11,731
  12,405
  13,108
  13,842
  14,609
Change in working capital, $m
  -42
  -46
  -50
  -53
  -57
  -61
  -64
  -67
  -71
  -74
  -78
  -81
  -84
  -88
  -91
  -95
  -98
  -102
  -106
  -111
  -115
  -120
  -124
  -130
  -135
  -141
  -147
  -153
  -160
  -167
Cash from operations, $m
  1,506
  1,723
  1,957
  2,208
  2,475
  2,758
  3,057
  3,371
  3,701
  4,046
  4,367
  4,742
  5,132
  5,538
  5,960
  6,399
  6,854
  7,328
  7,820
  8,332
  8,864
  9,418
  9,994
  10,594
  11,220
  11,872
  12,552
  13,261
  14,002
  14,776
Maintenance CAPEX, $m
  -467
  -551
  -642
  -741
  -847
  -960
  -1,081
  -1,208
  -1,343
  -1,484
  -1,632
  -1,786
  -1,947
  -2,115
  -2,289
  -2,471
  -2,660
  -2,856
  -3,059
  -3,271
  -3,491
  -3,720
  -3,958
  -4,206
  -4,464
  -4,733
  -5,013
  -5,305
  -5,610
  -5,928
New CAPEX, $m
  -461
  -501
  -543
  -584
  -624
  -663
  -702
  -739
  -776
  -813
  -849
  -886
  -923
  -960
  -998
  -1,038
  -1,078
  -1,121
  -1,165
  -1,211
  -1,259
  -1,310
  -1,363
  -1,419
  -1,478
  -1,541
  -1,607
  -1,676
  -1,749
  -1,827
Cash from investing activities, $m
  -928
  -1,052
  -1,185
  -1,325
  -1,471
  -1,623
  -1,783
  -1,947
  -2,119
  -2,297
  -2,481
  -2,672
  -2,870
  -3,075
  -3,287
  -3,509
  -3,738
  -3,977
  -4,224
  -4,482
  -4,750
  -5,030
  -5,321
  -5,625
  -5,942
  -6,274
  -6,620
  -6,981
  -7,359
  -7,755
Free cash flow, $m
  578
  671
  772
  883
  1,004
  1,135
  1,275
  1,424
  1,582
  1,749
  1,886
  2,070
  2,263
  2,463
  2,673
  2,890
  3,117
  3,352
  3,596
  3,850
  4,114
  4,388
  4,673
  4,969
  5,277
  5,598
  5,932
  6,280
  6,643
  7,021
Issuance/(repayment) of debt, $m
  1,374
  1,507
  1,633
  1,757
  1,878
  1,996
  2,111
  2,225
  2,336
  2,446
  2,556
  2,666
  2,777
  2,889
  3,004
  3,123
  3,245
  3,372
  3,505
  3,643
  3,789
  3,941
  4,102
  4,271
  4,449
  4,637
  4,835
  5,044
  5,265
  5,497
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,374
  1,507
  1,633
  1,757
  1,878
  1,996
  2,111
  2,225
  2,336
  2,446
  2,556
  2,666
  2,777
  2,889
  3,004
  3,123
  3,245
  3,372
  3,505
  3,643
  3,789
  3,941
  4,102
  4,271
  4,449
  4,637
  4,835
  5,044
  5,265
  5,497
Total cash flow (excl. dividends), $m
  1,953
  2,178
  2,405
  2,640
  2,882
  3,130
  3,386
  3,648
  3,918
  4,195
  4,442
  4,736
  5,039
  5,353
  5,677
  6,013
  6,362
  6,724
  7,101
  7,493
  7,902
  8,329
  8,775
  9,240
  9,726
  10,235
  10,767
  11,324
  11,908
  12,519
Retained Cash Flow (-), $m
  -296
  -324
  -351
  -378
  -404
  -429
  -454
  -478
  -502
  -526
  -550
  -573
  -597
  -621
  -646
  -672
  -698
  -725
  -754
  -784
  -815
  -848
  -882
  -918
  -957
  -997
  -1,040
  -1,085
  -1,132
  -1,182
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,656
  1,854
  2,054
  2,262
  2,478
  2,701
  2,932
  3,170
  3,416
  3,669
  3,892
  4,163
  4,442
  4,731
  5,031
  5,341
  5,664
  5,999
  6,347
  6,710
  7,088
  7,482
  7,892
  8,321
  8,769
  9,238
  9,727
  10,239
  10,775
  11,336
Discount rate, %
  4.40
  4.62
  4.85
  5.09
  5.35
  5.62
  5.90
  6.19
  6.50
  6.83
  7.17
  7.53
  7.90
  8.30
  8.71
  9.15
  9.60
  10.08
  10.59
  11.12
  11.67
  12.26
  12.87
  13.51
  14.19
  14.90
  15.64
  16.43
  17.25
  18.11
PV of cash for distribution, $m
  1,587
  1,694
  1,782
  1,854
  1,910
  1,946
  1,963
  1,960
  1,938
  1,896
  1,818
  1,743
  1,653
  1,550
  1,437
  1,317
  1,191
  1,064
  938
  815
  697
  588
  487
  397
  318
  250
  192
  145
  107
  77
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company's principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers. Its storage technology portfolio also includes storage subsystems and high performance computing solutions. Its products are designed for applications in enterprise servers and storage systems, client compute applications and client non-compute applications. It designs, fabricates and assembles various components found in its disk drives, including read/write heads and recording media. Its design and manufacturing operations are based on technology platforms that are used to produce various disk drive products that serve multiple data storage applications and markets.

FINANCIAL RATIOS  of  Seagate Technology (STX)

Valuation Ratios
P/E Ratio 18.5
Price to Sales 1.3
Price to Book 10.5
Price to Tangible Book
Price to Cash Flow 7.5
Price to Free Cash Flow 9.7
Growth Rates
Sales Growth Rate -3.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -26.1%
Cap. Spend. - 3 Yr. Gr. Rate -4.9%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 368.1%
Total Debt to Equity 368.1%
Interest Coverage 6
Management Effectiveness
Return On Assets 10.7%
Ret/ On Assets - 3 Yr. Avg. 11.8%
Return On Total Capital 12.8%
Ret/ On T. Cap. - 3 Yr. Avg. 13.9%
Return On Equity 52.2%
Return On Equity - 3 Yr. Avg. 40.8%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 29.5%
Gross Margin - 3 Yr. Avg. 26.9%
EBITDA Margin 16.1%
EBITDA Margin - 3 Yr. Avg. 16.6%
Operating Margin 9.8%
Oper. Margin - 3 Yr. Avg. 9.6%
Pre-Tax Margin 7.6%
Pre-Tax Margin - 3 Yr. Avg. 8.1%
Net Profit Margin 7.2%
Net Profit Margin - 3 Yr. Avg. 7.4%
Effective Tax Rate 5.3%
Eff/ Tax Rate - 3 Yr. Avg. 8.8%
Payout Ratio 72.7%

STX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the STX stock intrinsic value calculation we used $11184 million for the last fiscal year's total revenue generated by Seagate Technology. The default revenue input number comes from 0001 income statement of Seagate Technology. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our STX stock valuation model: a) initial revenue growth rate of 17.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.4%, whose default value for STX is calculated based on our internal credit rating of Seagate Technology, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Seagate Technology.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of STX stock the variable cost ratio is equal to 90.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for STX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Seagate Technology.

Corporate tax rate of 27% is the nominal tax rate for Seagate Technology. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the STX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for STX are equal to 23%.

Life of production assets of 5.5 years is the average useful life of capital assets used in Seagate Technology operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for STX is equal to -2.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1665 million for Seagate Technology - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 287.062 million for Seagate Technology is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Seagate Technology at the current share price and the inputted number of shares is $14.1 billion.

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