Financials Qualcomm, Inc.

Equities

QCOM

US7475251036

Semiconductors

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
165.7 USD +1.45% Intraday chart for Qualcomm, Inc. +5.09% +14.54%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 91,454 126,580 151,017 136,096 120,171 185,018 - -
Enterprise Value (EV) 1 95,127 131,092 154,348 145,196 124,245 185,616 179,026 174,314
P/E ratio 21 x 24.8 x 17 x 10.7 x 16.8 x 20.7 x 18.3 x 16.5 x
Yield 3.3% 2.26% 1.99% 2.36% 2.88% 1.97% 2.07% 2.25%
Capitalization / Revenue 4.71 x 5.85 x 4.51 x 3.08 x 3.35 x 4.85 x 4.44 x 4.19 x
EV / Revenue 4.9 x 6.05 x 4.61 x 3.29 x 3.47 x 4.87 x 4.29 x 3.94 x
EV / EBITDA 15.6 x 17.9 x 11.6 x 7.71 x 9.36 x 12.8 x 11.3 x 10.8 x
EV / FCF 14.9 x 29.7 x 17.8 x 21.2 x 12.6 x 17.6 x 14.8 x 14.1 x
FCF Yield 6.73% 3.36% 5.6% 4.71% 7.93% 5.67% 6.74% 7.11%
Price to Book 17.5 x 20.9 x 15.1 x 7.54 x 5.56 x 7.24 x 6.09 x 5.4 x
Nbr of stocks (in thousands) 1,215,658 1,128,266 1,128,000 1,123,000 1,116,000 1,116,854 - -
Reference price 2 75.23 112.2 133.9 121.2 107.7 165.7 165.7 165.7
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 38,140 41,712 44,207
EBITDA 1 6,101 7,325 13,354 18,829 13,269 14,551 15,883 16,102
EBIT 1 4,700 5,932 11,772 17,067 11,460 12,858 14,336 15,163
Operating Margin 24.23% 27.39% 35.17% 38.64% 31.98% 33.71% 34.37% 34.3%
Earnings before Tax (EBT) 1 7,481 5,719 10,274 14,998 7,443 10,161 11,927 13,303
Net income 1 4,386 5,198 9,043 12,936 7,232 8,956 10,061 11,040
Net margin 22.61% 24% 27.02% 29.29% 20.18% 23.48% 24.12% 24.97%
EPS 2 3.590 4.520 7.870 11.37 6.420 8.014 9.039 10.04
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,521 12,072 12,401
FCF margin 32.99% 20.35% 25.84% 15.47% 27.49% 27.58% 28.94% 28.05%
FCF Conversion (EBITDA) 104.88% 60.16% 64.76% 36.3% 74.23% 72.31% 76.01% 77.01%
FCF Conversion (Net income) 145.9% 84.78% 95.63% 52.83% 136.19% 117.47% 119.98% 112.33%
Dividend per Share 2 2.480 2.540 2.660 2.860 3.100 3.266 3.430 3.735
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 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 9,321 10,697 11,158 10,928 11,387 9,456 9,268 8,442 8,665 9,922 9,338 9,018 9,834 10,676 10,226
EBITDA 1 3,827 4,838 4,802 4,443 4,746 3,675 3,464 3,000 3,131 4,057 3,530 3,280 3,862 4,253 3,890
EBIT 1 3,402 4,432 4,374 4,005 4,256 3,277 2,994 2,521 2,669 3,620 3,084 2,840 3,286 3,785 3,483
Operating Margin 36.5% 41.43% 39.2% 36.65% 37.38% 34.66% 32.3% 29.86% 30.8% 36.48% 33.02% 31.49% 33.42% 35.45% 34.06%
Earnings before Tax (EBT) 1 3,285 3,865 3,423 4,239 3,470 2,371 1,895 1,757 1,420 2,962 2,581 2,415 2,882 3,385 3,227
Net income 1 2,798 3,399 2,934 3,730 2,873 2,235 1,704 1,803 1,489 2,767 2,106 1,903 2,298 2,690 2,496
Net margin 30.02% 31.78% 26.3% 34.13% 25.23% 23.64% 18.39% 21.36% 17.18% 27.89% 22.56% 21.11% 23.37% 25.2% 24.4%
EPS 2 2.450 2.980 2.570 3.290 2.540 1.980 1.520 1.600 1.320 2.460 1.831 1.672 2.031 2.360 2.195
Dividend per Share 2 0.6800 0.6800 0.6800 0.7500 0.7500 0.7500 0.7500 0.8000 0.8000 0.8000 0.8000 0.8440 0.8314 0.8314 0.8367
Announcement Date 11/3/21 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 - - - - -
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 4,074 597 - -
Net Cash position 1 - - - - - - 5,992 10,704
Leverage (Debt/EBITDA) 0.602 x 0.616 x 0.2494 x 0.4833 x 0.307 x 0.0411 x - -
Free Cash Flow 1 6,399 4,407 8,648 6,834 9,849 10,521 12,072 12,401
ROE (net income / shareholders' equity) 153% 94.6% 113% 92.5% 34.2% 42.2% 40.8% 37%
ROA (Net income/ Total Assets) 13.4% 14.1% 23.5% 28.7% 14.5% 18.5% 20.4% 20.9%
Assets 1 32,837 36,994 38,417 45,127 50,027 48,505 49,366 52,880
Book Value Per Share 2 4.290 5.370 8.840 16.10 19.40 22.90 27.20 30.70
Cash Flow per Share 2 5.970 5.060 9.170 8.000 10.00 12.30 12.30 13.20
Capex 1 887 1,407 1,888 2,262 1,450 1,211 1,443 1,435
Capex / Sales 4.57% 6.5% 5.64% 5.12% 4.05% 3.17% 3.46% 3.25%
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
37
Last Close Price
165.7 USD
Average target price
174.6 USD
Spread / Average Target
+5.41%
Consensus
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  4. Financials Qualcomm, Inc.