Financials Applied Materials, Inc.

Equities

AMAT

US0382221051

Semiconductor Equipment & Testing

Real-time Estimate Cboe BZX 15:52:19 17/06/2024 BST 5-day change 1st Jan Change
237.1 USD +0.04% Intraday chart for Applied Materials, Inc. +4.17% +46.65%

Valuation

Fiscal Period: oktober 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 51,287 54,340 123,385 77,187 109,837 196,255 - -
Enterprise Value (EV) 1 52,982 54,050 123,378 80,063 108,529 194,640 192,536 190,918
P/E ratio 19.4 x 15.2 x 21.4 x 12.1 x 16.2 x 28 x 24.8 x 22.2 x
Yield 1.49% 1.46% 0.69% 1.14% - 0.56% 0.65% 0.7%
Capitalization / Revenue 3.51 x 3.16 x 5.35 x 2.99 x 4.14 x 7.28 x 6.53 x 5.99 x
EV / Revenue 3.63 x 3.14 x 5.35 x 3.11 x 4.09 x 7.22 x 6.4 x 5.83 x
EV / EBITDA 14 x 11 x 16 x 9.64 x 13.2 x 23.8 x 20.4 x 18.3 x
EV / FCF 18.9 x 16 x 25.8 x 17.4 x 14.3 x 29.4 x 27.2 x 23.9 x
FCF Yield 5.3% 6.26% 3.87% 5.76% 7% 3.41% 3.68% 4.18%
Price to Book 6.19 x 5.14 x 10 x 6.41 x 6.75 x 10.9 x 9.71 x 8.65 x
Nbr of stocks (in thousands) 923,754 913,283 902,929 860,309 836,534 827,975 - -
Reference price 2 55.52 59.50 136.6 89.72 131.3 237.0 237.0 237.0
Announcement Date 14/11/19 12/11/20 18/11/21 17/11/22 16/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,608 17,202 23,063 25,785 26,517 26,942 30,064 32,768
EBITDA 1 3,790 4,905 7,716 8,305 8,234 8,185 9,460 10,442
EBIT 1 3,427 4,529 7,322 7,861 7,719 7,785 8,995 10,196
Operating Margin 23.46% 26.33% 31.75% 30.49% 29.11% 28.9% 29.92% 31.12%
Earnings before Tax (EBT) 1 3,269 4,166 6,771 7,599 7,716 8,187 9,176 10,068
Net income 1 2,706 3,619 5,888 6,525 6,856 7,063 7,898 8,908
Net margin 18.52% 21.04% 25.53% 25.31% 25.86% 26.22% 26.27% 27.18%
EPS 2 2.860 3.920 6.400 7.440 8.110 8.460 9.555 10.68
Free Cash Flow 1 2,806 3,382 4,774 4,612 7,594 6,630 7,089 7,973
FCF margin 19.21% 19.66% 20.7% 17.89% 28.64% 24.61% 23.58% 24.33%
FCF Conversion (EBITDA) 74.04% 68.95% 61.87% 55.53% 92.23% 81% 74.94% 76.35%
FCF Conversion (Net income) 103.7% 93.45% 81.08% 70.68% 110.76% 93.86% 89.75% 89.5%
Dividend per Share 2 0.8300 0.8700 0.9400 1.020 - 1.330 1.542 1.666
Announcement Date 14/11/19 12/11/20 18/11/21 17/11/22 16/11/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 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 6,271 6,245 6,520 6,749 6,739 6,630 6,425 6,723 6,707 6,646 6,668 6,930 7,171 7,463 7,632
EBITDA 1 2,087 2,024 2,061 2,133 2,107 2,059 1,954 2,114 2,072 2,023 1,984 2,105 2,185 2,359 2,382
EBIT 1 1,985 1,913 1,953 2,010 1,987 1,930 1,818 1,984 1,981 1,927 1,883 1,989 2,097 2,237 2,308
Operating Margin 31.65% 30.63% 29.95% 29.78% 29.49% 29.11% 28.3% 29.51% 29.54% 28.99% 28.23% 28.7% 29.24% 29.98% 30.25%
Earnings before Tax (EBT) 1 1,925 1,864 1,861 1,949 1,961 1,777 1,806 2,172 2,303 1,994 1,905 2,019 2,192 2,362 2,411
Net income 1 1,792 1,536 1,606 1,591 1,717 1,575 1,560 2,004 2,019 1,722 1,661 1,753 1,863 1,980 2,042
Net margin 28.58% 24.6% 24.63% 23.57% 25.48% 23.76% 24.28% 29.81% 30.1% 25.91% 24.91% 25.29% 25.99% 26.52% 26.75%
EPS 2 2.000 1.740 1.850 1.850 2.020 1.860 1.850 2.380 2.410 2.060 1.987 2.121 2.249 2.420 2.515
Dividend per Share 2 0.2400 0.2600 0.2600 0.2600 - 0.3200 - 0.3200 0.3200 - 0.3689 0.3689 0.3829 0.3943 0.4250
Announcement Date 16/02/22 19/05/22 18/08/22 17/11/22 16/02/23 18/05/23 17/08/23 16/11/23 15/02/24 16/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,695 - - 2,876 - - - -
Net Cash position 1 - 290 7 - 1,308 1,615 3,719 5,337
Leverage (Debt/EBITDA) 0.4472 x - - 0.3463 x - - - -
Free Cash Flow 1 2,806 3,382 4,774 4,612 7,594 6,630 7,089 7,973
ROE (net income / shareholders' equity) 38.2% 40.9% 55.1% 55.3% 48% 39.9% 37.9% 36.9%
ROA (Net income/ Total Assets) 15.7% 18.6% 26.1% 25.7% 23.9% 22.5% 22.7% 23.9%
Assets 1 17,251 19,473 22,560 25,377 28,728 31,399 34,741 37,341
Book Value Per Share 2 8.970 11.60 13.60 14.00 19.50 21.70 24.40 27.40
Cash Flow per Share 2 3.440 4.120 5.920 6.160 10.30 8.820 9.330 10.30
Capex 1 441 422 668 787 1,106 1,009 1,140 1,264
Capex / Sales 3.02% 2.45% 2.9% 3.05% 4.17% 3.74% 3.79% 3.86%
Announcement Date 14/11/19 12/11/20 18/11/21 17/11/22 16/11/23 - - -
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
36
Last Close Price
237 USD
Average target price
233.3 USD
Spread / Average Target
-1.59%
Consensus
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