Financials Broadcom Inc.

Equities

AVGO

US11135F1012

Semiconductors

Real-time Estimate Cboe BZX 01:04:41 2024-06-10 pm EDT 5-day change 1st Jan Change
1,440 USD +2.37% Intraday chart for Broadcom Inc. +9.31% +29.45%

Valuation

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 114,305 143,602 218,844 191,528 346,021 651,867 - -
Enterprise Value (EV) 1 142,048 177,046 246,411 218,627 371,061 704,887 692,283 682,444
P/E ratio 44.8 x 56.1 x 35.4 x 17.8 x 25.4 x 73.4 x 37.8 x 29.8 x
Yield 3.89% 3.66% 2.71% 3.47% 2.27% 1.5% 1.68% 1.88%
Capitalization / Revenue 5.06 x 6.01 x 7.97 x 5.77 x 9.66 x 13 x 11.4 x 10.3 x
EV / Revenue 6.29 x 7.41 x 8.98 x 6.58 x 10.4 x 14 x 12.1 x 10.8 x
EV / EBITDA 11.4 x 13.1 x 15 x 10.4 x 16 x 23.3 x 19 x 16.6 x
EV / FCF 15.3 x 15.3 x 18.5 x 13.4 x 21 x 31.4 x 24.3 x 21 x
FCF Yield 6.52% 6.55% 5.41% 7.46% 4.75% 3.19% 4.12% 4.77%
Price to Book 5.13 x 6.05 x 9.54 x 9.14 x 14.9 x 8.49 x 7.44 x 7.09 x
Nbr of stocks (in thousands) 396,671 404,501 411,616 405,008 412,736 463,421 - -
Reference price 2 288.2 355.0 531.7 472.9 838.4 1,407 1,407 1,407
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Octubre 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,597 23,888 27,450 33,203 35,819 50,277 57,417 63,274
EBITDA 1 12,498 13,509 16,451 21,029 23,213 30,239 36,388 41,123
EBIT 1 11,929 12,939 15,912 20,294 22,125 29,441 34,640 39,035
Operating Margin 52.79% 54.17% 57.97% 61.12% 61.77% 58.56% 60.33% 61.69%
Earnings before Tax (EBT) 1 2,226 2,443 6,765 12,434 15,097 9,911 17,295 22,087
Net income 1 2,724 2,960 6,736 11,495 14,082 9,711 17,365 22,343
Net margin 12.05% 12.39% 24.54% 34.62% 39.31% 19.32% 30.24% 35.31%
EPS 2 6.430 6.330 15.00 26.53 32.98 19.15 37.22 47.27
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 22,459 28,510 32,553
FCF margin 41% 48.55% 48.53% 49.13% 49.23% 44.67% 49.65% 51.45%
FCF Conversion (EBITDA) 74.13% 85.85% 80.97% 77.57% 75.96% 74.27% 78.35% 79.16%
FCF Conversion (Net income) 340.12% 391.82% 197.76% 141.91% 125.22% 231.27% 164.18% 145.69%
Dividend per Share 2 11.20 13.00 14.40 16.40 19.05 21.06 23.57 26.50
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 7,407 7,706 8,103 8,464 8,930 8,915 8,733 8,876 9,295 11,961 12,011 12,677 13,761 14,217 13,997
EBITDA 1 4,518 4,818 5,111 5,378 5,722 5,678 5,686 5,801 6,048 7,156 7,074 7,662 8,560 8,751 8,838
EBIT 1 4,384 4,656 4,939 5,199 5,500 5,430 5,412 5,536 5,747 6,831 6,895 7,461 8,266 8,506 8,311
Operating Margin 59.19% 60.42% 60.95% 61.42% 61.59% 60.91% 61.97% 62.37% 61.83% 57.11% 57.41% 58.86% 60.07% 59.83% 59.38%
Earnings before Tax (EBT) 1 2,169 2,687 2,790 3,337 3,620 3,840 3,716 3,574 3,967 1,342 3,031 3,964 4,706 - -
Net income 1 1,989 2,472 2,590 3,074 3,359 3,774 3,481 3,303 3,524 1,325 2,016 2,600 3,385 4,168 4,371
Net margin 26.85% 32.08% 31.96% 36.32% 37.61% 42.33% 39.86% 37.21% 37.91% 11.08% 16.79% 20.51% 24.6% 29.32% 31.23%
EPS 2 4.450 5.590 5.930 7.150 7.830 8.800 8.150 7.740 8.250 2.840 3.981 5.179 6.971 8.690 9.006
Dividend per Share 2 3.600 4.100 4.100 4.100 4.100 4.600 4.600 4.600 5.250 5.250 5.249 5.249 5.249 5.682 5.663
Announcement Date 12/9/21 3/3/22 5/26/22 9/1/22 12/8/22 3/2/23 6/1/23 8/31/23 12/7/23 3/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,743 33,444 27,567 27,099 25,040 53,020 40,416 30,578
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.22 x 2.476 x 1.676 x 1.289 x 1.079 x 1.753 x 1.111 x 0.7436 x
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 22,459 28,510 32,553
ROE (net income / shareholders' equity) 36.6% 40.9% 51.5% 69.3% 78.7% 33.4% 41.6% 33%
ROA (Net income/ Total Assets) 16.1% 4.13% 8.89% 22.2% 25.2% 14.5% 15.4% 14.7%
Assets 1 16,948 71,712 75,752 51,757 55,978 66,847 112,950 152,500
Book Value Per Share 2 56.20 58.70 55.70 51.70 56.20 166.0 189.0 198.0
Cash Flow per Share 2 23.10 28.60 32.10 39.60 42.40 47.70 60.50 83.60
Capex 1 432 463 443 424 452 556 632 685
Capex / Sales 1.91% 1.94% 1.61% 1.28% 1.26% 1.11% 1.1% 1.08%
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
1,407 USD
Average target price
1,536 USD
Spread / Average Target
+9.21%
Consensus
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  3. AVGO Stock
  4. Financials Broadcom Inc.