Financials Qualcomm, Inc.

Equities

QCOM

US7475251036

Semiconductors

Real-time Estimate Cboe BZX 12:20:04 2024-05-03 pm EDT 5-day change 1st Jan Change
179.1 USD -0.57% Intraday chart for Qualcomm, Inc. +7.68% +23.34%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 91,454 126,580 151,017 136,096 120,171 200,992 - -
Enterprise Value (EV) 1 95,127 131,092 154,348 145,196 124,245 201,298 195,348 190,441
P/E ratio 21 x 24.8 x 17 x 10.7 x 16.8 x 21.6 x 19.3 x 17.6 x
Yield 3.3% 2.26% 1.99% 2.36% 2.88% 1.82% 1.92% 2.08%
Capitalization / Revenue 4.71 x 5.85 x 4.51 x 3.08 x 3.35 x 5.25 x 4.77 x 4.52 x
EV / Revenue 4.9 x 6.05 x 4.61 x 3.29 x 3.47 x 5.25 x 4.64 x 4.28 x
EV / EBITDA 15.6 x 17.9 x 11.6 x 7.71 x 9.36 x 13.8 x 12.2 x 11.6 x
EV / FCF 14.9 x 29.7 x 17.8 x 21.2 x 12.6 x 18.9 x 15.8 x 14.5 x
FCF Yield 6.73% 3.36% 5.6% 4.71% 7.93% 5.3% 6.31% 6.87%
Price to Book 17.5 x 20.9 x 15.1 x 7.54 x 5.56 x 7.67 x 6.47 x 5.49 x
Nbr of stocks (in thousands) 1,215,658 1,128,266 1,128,000 1,123,000 1,116,000 1,116,000 - -
Reference price 2 75.23 112.2 133.9 121.2 107.7 180.1 180.1 180.1
Announcement Date 11/6/19 11/4/20 11/3/21 11/2/22 11/1/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,398 21,654 33,467 44,169 35,832 38,312 42,131 44,479
EBITDA 1 6,101 7,325 13,354 18,829 13,269 14,633 16,033 16,395
EBIT 1 4,700 5,932 11,772 17,067 11,460 13,005 14,634 15,583
Operating Margin 24.23% 27.39% 35.17% 38.64% 31.98% 33.95% 34.74% 35.04%
Earnings before Tax (EBT) 1 7,481 5,719 10,274 14,998 7,443 10,224 11,786 13,319
Net income 1 4,386 5,198 9,043 12,936 7,232 9,289 10,324 11,213
Net margin 22.61% 24% 27.02% 29.29% 20.18% 24.24% 24.51% 25.21%
EPS 2 3.590 4.520 7.870 11.37 6.420 8.351 9.326 10.23
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,663 12,334 13,091
FCF margin 32.99% 20.35% 25.84% 15.47% 27.49% 27.83% 29.28% 29.43%
FCF Conversion (EBITDA) 104.88% 60.16% 64.76% 36.3% 74.23% 72.87% 76.93% 79.85%
FCF Conversion (Net income) 145.9% 84.78% 95.63% 52.83% 136.19% 114.79% 119.46% 116.74%
Dividend per Share 2 2.480 2.540 2.660 2.860 3.100 3.276 3.460 3.749
Announcement Date 11/6/19 11/4/20 11/3/21 11/2/22 11/1/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 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 2025 Q3
Net sales 1 10,697 11,158 10,928 11,387 9,456 9,268 8,442 8,665 9,922 9,386 9,188 9,826 10,811 10,329 10,152
EBITDA 1 4,838 4,802 4,443 4,746 3,675 3,464 3,000 3,131 4,057 3,587 3,342 3,803 4,280 3,985 3,714
EBIT 1 4,432 4,374 4,005 4,256 3,277 2,994 2,521 2,669 3,620 3,176 2,954 3,260 3,845 3,546 3,412
Operating Margin 41.43% 39.2% 36.65% 37.38% 34.66% 32.3% 29.86% 30.8% 36.48% 33.84% 32.15% 33.18% 35.56% 34.33% 33.61%
Earnings before Tax (EBT) 1 3,865 3,423 4,239 3,470 2,371 1,895 1,757 1,420 2,962 2,498 2,176 2,568 3,407 3,308 2,972
Net income 1 3,399 2,934 3,730 2,873 2,235 1,704 1,803 1,489 2,767 2,326 2,011 2,317 2,773 2,634 2,541
Net margin 31.78% 26.3% 34.13% 25.23% 23.64% 18.39% 21.36% 17.18% 27.89% 24.78% 21.89% 23.58% 25.65% 25.5% 25.03%
EPS 2 2.980 2.570 3.290 2.540 1.980 1.520 1.600 1.320 2.460 2.060 1.787 2.015 2.441 2.312 2.216
Dividend per Share 2 0.6800 0.6800 0.7500 0.7500 0.7500 0.7500 0.8000 0.8000 0.8000 - 0.8457 0.8457 0.8457 0.8457 0.8733
Announcement Date 2/2/22 4/27/22 7/27/22 11/2/22 2/2/23 5/3/23 8/2/23 11/1/23 1/31/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,673 4,512 3,331 9,100 4,074 306 - -
Net Cash position 1 - - - - - - 5,643 10,550
Leverage (Debt/EBITDA) 0.602 x 0.616 x 0.2494 x 0.4833 x 0.307 x 0.0209 x - -
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,663 12,334 13,091
ROE (net income / shareholders' equity) 153% 94.6% 113% 92.5% 34.2% 42.8% 42% 37.7%
ROA (Net income/ Total Assets) 13.4% 14.1% 23.5% 28.7% 14.5% 20.7% 20.6% 21.1%
Assets 1 32,837 36,994 38,417 45,127 50,027 44,940 50,015 53,070
Book Value Per Share 2 4.290 5.370 8.840 16.10 19.40 23.50 27.80 32.80
Cash Flow per Share 2 5.970 5.060 9.170 8.000 10.00 11.70 12.20 13.30
Capex 1 887 1,407 1,888 2,262 1,450 1,119 1,399 1,299
Capex / Sales 4.57% 6.5% 5.64% 5.12% 4.05% 2.92% 3.32% 2.92%
Announcement Date 11/6/19 11/4/20 11/3/21 11/2/22 11/1/23 - - -
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
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
36
Last Close Price
180.1 USD
Average target price
183.9 USD
Spread / Average Target
+2.12%
Consensus
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  4. Financials Qualcomm, Inc.