DDM Analysis: STX

Valuation Snapshot

Stable Growth	$78.59 - $125.82	$99.99
Multi-Stage	$528.48 - $585.20	$556.26
Blended Fair Value	$328.12
Current Price	$252.79
Upside	29.80%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-2.27%	-1.01%	2.74	2.67	2.65	2.78	2.96	3.07	3.25	3.31	2.56	3.32
YoY Growth	-	-	2.56%	0.52%	-4.59%	-6.01%	-3.57%	-5.61%	-1.79%	29.41%	-22.83%	9.49%
Dividend Yield	-	-	1.93%	2.45%	4.03%	5.23%	3.51%	6.30%	6.84%	6.99%	7.71%	8.60%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,713.00
(-) Cash Dividends Paid (M)	606.00
(=) Cash Retained (M)	1,107.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	342.60	214.13	128.48
Cash Retained (M)	1,107.00	1,107.00	1,107.00
(-) Cash Required (M)	-342.60	-214.13	-128.48
(=) Excess Retained (M)	764.40	892.88	978.53
(/) Shares Outstanding (M)	219.25	219.25	219.25
(=) Excess Retained per Share	3.49	4.07	4.46
LTM Dividend per Share	2.76	2.76	2.76
(+) Excess Retained per Share	3.49	4.07	4.46
(=) Adjusted Dividend	6.25	6.84	7.23
WACC / Discount Rate	3.34%	3.34%	3.34%
Growth Rate	-4.27%	-3.27%	-2.27%
Fair Value	$78.59	$99.99	$125.82
Upside / Downside	-68.91%	-60.45%	-50.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,713.00	1,656.98	1,602.80	1,550.38	1,499.68	1,450.64	1,494.16
Payout Ratio	35.38%	46.30%	57.23%	68.15%	79.08%	90.00%	92.50%
Projected Dividends (M)	606.00	767.20	917.22	1,056.60	1,185.88	1,305.58	1,382.10

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	3.34%	3.34%	3.34%
Growth Rate	-4.27%	-3.27%	-2.27%
Year 1 PV (M)	734.71	742.38	750.06
Year 2 PV (M)	841.16	858.83	876.68
Year 3 PV (M)	927.94	957.33	987.33
Year 4 PV (M)	997.37	1,039.70	1,083.37
Year 5 PV (M)	1,051.53	1,107.61	1,166.06
PV of Terminal Value (M)	111,316.33	117,253.16	123,440.63
Equity Value (M)	115,869.04	121,959.01	128,304.12
Shares Outstanding (M)	219.25	219.25	219.25
Fair Value	$528.48	$556.26	$585.20
Upside / Downside	109.06%	120.05%	131.49%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Seagate Technology Holdings plc (STX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener