Financials Qualcomm, Inc.

Equities

QCOM

US7475251036

Semiconductors

Market Closed - Nasdaq 04:00:00 2024-05-24 pm EDT 5-day change 1st Jan Change
210.4 USD +4.26% Intraday chart for Qualcomm, Inc. +8.51% +45.45%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 91,454 126,580 151,017 136,096 120,171 234,762 - -
Enterprise Value (EV) 1 95,127 131,092 154,348 145,196 124,245 236,117 230,508 224,211
P/E ratio 21 x 24.8 x 17 x 10.7 x 16.8 x 25.1 x 22.5 x 20.5 x
Yield 3.3% 2.26% 1.99% 2.36% 2.88% 1.56% 1.65% 1.79%
Capitalization / Revenue 4.71 x 5.85 x 4.51 x 3.08 x 3.35 x 6.12 x 5.55 x 5.25 x
EV / Revenue 4.9 x 6.05 x 4.61 x 3.29 x 3.47 x 6.16 x 5.45 x 5.01 x
EV / EBITDA 15.6 x 17.9 x 11.6 x 7.71 x 9.36 x 16.2 x 14.4 x 13.6 x
EV / FCF 14.9 x 29.7 x 17.8 x 21.2 x 12.6 x 21.5 x 18.7 x 17.1 x
FCF Yield 6.73% 3.36% 5.6% 4.71% 7.93% 4.65% 5.35% 5.84%
Price to Book 17.5 x 20.9 x 15.1 x 7.54 x 5.56 x 8.97 x 7.56 x 6.41 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 75.23 112.2 133.9 121.2 107.7 210.4 210.4 210.4
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 38,351 42,277 44,732
EBITDA 1 6,101 7,325 13,354 18,829 13,269 14,568 16,008 16,489
EBIT 1 4,700 5,932 11,772 17,067 11,460 13,007 14,717 15,653
Operating Margin 24.23% 27.39% 35.17% 38.64% 31.98% 33.91% 34.81% 34.99%
Earnings before Tax (EBT) 1 7,481 5,719 10,274 14,998 7,443 10,260 11,820 13,236
Net income 1 4,386 5,198 9,043 12,936 7,232 9,400 10,382 11,295
Net margin 22.61% 24% 27.02% 29.29% 20.18% 24.51% 24.56% 25.25%
EPS 2 3.590 4.520 7.870 11.37 6.420 8.385 9.347 10.26
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,972 12,328 13,083
FCF margin 32.99% 20.35% 25.84% 15.47% 27.49% 28.61% 29.16% 29.25%
FCF Conversion (EBITDA) 104.88% 60.16% 64.76% 36.3% 74.23% 75.32% 77.01% 79.34%
FCF Conversion (Net income) 145.9% 84.78% 95.63% 52.83% 136.19% 116.72% 118.74% 115.83%
Dividend per Share 2 2.480 2.540 2.660 2.860 3.100 3.284 3.465 3.760
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 9,200 9,801 10,824 10,341 10,187
EBITDA 1 4,838 4,802 4,443 4,746 3,675 3,464 3,000 3,131 4,057 3,587 3,335 3,743 4,254 3,953 3,742
EBIT 1 4,432 4,374 4,005 4,256 3,277 2,994 2,521 2,669 3,620 3,176 2,955 3,255 3,858 3,558 3,421
Operating Margin 41.43% 39.2% 36.65% 37.38% 34.66% 32.3% 29.86% 30.8% 36.48% 33.84% 32.12% 33.21% 35.65% 34.4% 33.58%
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 2,404 2,754 3,236 3,225 2,986
Net income 1 3,399 2,934 3,730 2,873 2,235 1,704 1,803 1,489 2,767 2,326 2,053 2,333 2,793 2,638 2,543
Net margin 31.78% 26.3% 34.13% 25.23% 23.64% 18.39% 21.36% 17.18% 27.89% 24.78% 22.31% 23.8% 25.8% 25.5% 24.96%
EPS 2 2.980 2.570 3.290 2.540 1.980 1.520 1.600 1.320 2.460 2.060 1.798 2.035 2.462 2.297 2.196
Dividend per Share 2 0.6800 0.6800 0.7500 0.7500 0.7500 0.7500 0.8000 0.8000 0.8000 0.8000 0.8471 0.8471 0.8471 0.8471 0.8767
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 1,355 - -
Net Cash position 1 - - - - - - 4,254 10,550
Leverage (Debt/EBITDA) 0.602 x 0.616 x 0.2494 x 0.4833 x 0.307 x 0.093 x - -
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,972 12,328 13,083
ROE (net income / shareholders' equity) 153% 94.6% 113% 92.5% 34.2% 42.8% 41.8% 37.2%
ROA (Net income/ Total Assets) 13.4% 14.1% 23.5% 28.7% 14.5% 19.5% 20.2% 20.3%
Assets 1 32,837 36,994 38,417 45,127 50,027 48,154 51,377 55,743
Book Value Per Share 2 4.290 5.370 8.840 16.10 19.40 23.40 27.80 32.80
Cash Flow per Share 2 5.970 5.060 9.170 8.000 10.00 11.70 12.20 13.20
Capex 1 887 1,407 1,888 2,262 1,450 1,165 1,433 1,362
Capex / Sales 4.57% 6.5% 5.64% 5.12% 4.05% 3.04% 3.39% 3.05%
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
210.4 USD
Average target price
188.9 USD
Spread / Average Target
-10.20%
Consensus
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  4. Financials Qualcomm, Inc.