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We are a leading provider of data storage technology and infrastructure solutions that enable enterprises and end users to confidently store and unlock the value of their data. Our principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs.
$740.84
$54.63 (-6.87%)
Price from 16 days ago
Margins and capital returns are both well above average: 20.78% operating margin, ROIC at 32.26%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 38.9% YoY with margins expanding 13.9pp.
At 68x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $4.48B represents 5.5x FCF, leverage limits flexibility.
67.7x earnings, 83.0x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$11.02B
▲ +38.9% YoY
Net Income (TTM)
$2.44B
▲ +338.5% YoY
Op. Margin
27.56%
▲ +13.9pp YoY
ROIC
54.94%
▲ +26.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.04B
▲ +23.2% YoY
Op. Cash Flow (TTM)
$2.45B
▲ +18.0% YoY
Net Debt
$3.03B
Cash & Equiv.
$1.15B
5Y CAGR: -2.8%
5Y CAGR: -6.2%
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