Seagate Technology Holdings PLC
Find Ratings ReportsSEAGATE TECHNOLOGY HOLDINGS's gross profit margin for the second quarter of its fiscal year 2024 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased. SEAGATE TECHNOLOGY HOLDINGS has weak liquidity. Currently, the Quick Ratio is 0.55 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 285.95% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q2 FY24 | Q2 FY23 |
---|---|---|
Net Sales ($mil) | 1555.0 | 1887.0 |
EBITDA ($mil) | 151.0 | 216.0 |
EBIT ($mil) | 89.0 | 68.0 |
Net Income ($mil) | -19.0 | -33.0 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 791.0 | 774.0 |
Total Assets ($mil) | 7149.0 | 7867.0 |
Total Debt ($mil) | 5669.0 | 6029.0 |
Equity ($mil) | -1814.0 | -470.0 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 27.01 | 28.67 |
EBITDA Margin | 9.71 | 11.44 |
Operating Margin | 5.72 | 3.6 |
Sales Turnover | 0.91 | 1.19 |
Return on Assets | -10.18 | 7.85 |
Return on Equity | 0.0 | 0.0 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 1.04 | 1.13 |
Debt/Capital | 1.47 | 1.08 |
Interest Expense | 84.0 | 77.0 |
Interest Coverage | 1.06 | 0.88 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 209.51 | 206.48 |
Div / share | 0.7 | 0.7 |
EPS | -0.09 | -0.16 |
Book value / share | -8.66 | -2.28 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2496379.0 | 2454664.0 |
HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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STX NM | Peers 53.34 | STX 24.14 | Peers 44.47 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. STX's P/E is negative making this valuation measure meaningless. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. STX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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STX 17.15 | Peers 26.06 | STX NA | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. STX is trading at a significant premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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STX NM | Peers 23.59 | STX -224.55 | Peers 123.02 | |||||||||||||||||||||
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. STX's P/B is negative making this valuation measure meaningless. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, STX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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STX 2.78 | Peers 14.13 | STX -30.81 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. STX is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. STX significantly trails its peers on the basis of sales growth. |
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