Financials Broadcom Inc. Xetra

Equities

1YD

US11135F1012

Semiconductors

Market Closed - Xetra 16:35:55 17/07/2024 BST After market 19:28:00
147.1 EUR -4.88% Intraday chart for Broadcom Inc. 143.4 -2.52%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 114,305 143,602 218,844 191,528 346,021 788,421 - -
Enterprise Value (EV) 1 142,048 177,046 246,411 218,627 371,061 844,839 828,821 816,366
P/E ratio 44.8 x 56.1 x 35.4 x 17.8 x 25.4 x 87 x 45.7 x 35.1 x
Yield 3.89% 3.66% 2.71% 3.47% 2.27% 1.24% 1.43% 1.61%
Capitalization / Revenue 5.06 x 6.01 x 7.97 x 5.77 x 9.66 x 15.3 x 13.2 x 11.8 x
EV / Revenue 6.29 x 7.41 x 8.98 x 6.58 x 10.4 x 16.4 x 13.8 x 12.2 x
EV / EBITDA 11.4 x 13.1 x 15 x 10.4 x 16 x 27.1 x 21.5 x 18.8 x
EV / FCF 15.3 x 15.3 x 18.5 x 13.4 x 21 x 36.7 x 26.6 x 23.7 x
FCF Yield 6.52% 6.55% 5.41% 7.46% 4.75% 2.72% 3.75% 4.23%
Price to Book 5.13 x 6.05 x 9.54 x 9.14 x 14.9 x 10.5 x 9.44 x 8.63 x
Nbr of stocks (in thousands) 3,966,708 4,045,013 4,116,163 4,050,078 4,127,355 4,654,884 - -
Reference price 2 28.82 35.50 53.17 47.29 83.84 169.4 169.4 169.4
Announcement Date 12/12/19 10/12/20 09/12/21 08/12/22 07/12/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,597 23,888 27,450 33,203 35,819 51,435 59,947 67,002
EBITDA 1 12,498 13,509 16,451 21,029 23,213 31,228 38,533 43,345
EBIT 1 11,929 12,939 15,912 20,294 22,125 30,228 37,172 42,394
Operating Margin 52.79% 54.17% 57.97% 61.12% 61.77% 58.77% 62.01% 63.27%
Earnings before Tax (EBT) 1 2,226 2,443 6,765 12,434 15,097 10,244 18,657 25,464
Net income 1 2,724 2,960 6,736 11,495 14,082 9,897 17,937 23,450
Net margin 12.05% 12.39% 24.54% 34.62% 39.31% 19.24% 29.92% 35%
EPS 2 0.6430 0.6330 1.500 2.653 3.298 1.948 3.708 4.832
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 23,005 31,111 34,507
FCF margin 41% 48.55% 48.53% 49.13% 49.23% 44.73% 51.9% 51.5%
FCF Conversion (EBITDA) 74.13% 85.85% 80.97% 77.57% 75.96% 73.67% 80.74% 79.61%
FCF Conversion (Net income) 340.12% 391.82% 197.76% 141.91% 125.22% 232.44% 173.45% 147.15%
Dividend per Share 2 1.120 1.300 1.440 1.640 1.905 2.103 2.419 2.727
Announcement Date 12/12/19 10/12/20 09/12/21 08/12/22 07/12/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Oktober 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 7,706 8,103 8,464 8,930 8,915 8,733 8,876 9,295 11,961 12,487 12,952 14,027 14,622 14,543 14,949
EBITDA 1 4,818 5,111 5,378 5,722 5,678 5,686 5,801 6,048 7,156 7,429 7,885 8,886 9,125 9,246 9,602
EBIT 1 4,656 4,939 5,199 5,500 5,430 5,412 5,536 5,747 6,831 7,146 7,665 8,549 8,986 8,960 9,314
Operating Margin 60.42% 60.95% 61.42% 61.59% 60.91% 61.97% 62.37% 61.83% 57.11% 57.23% 59.18% 60.95% 61.45% 61.61% 62.31%
Earnings before Tax (EBT) 1 2,687 2,790 3,337 3,620 3,840 3,716 3,574 3,967 1,342 2,005 2,942 3,667 3,637 3,713 3,994
Net income 1 2,472 2,590 3,074 3,359 3,774 3,481 3,303 3,524 1,325 2,121 2,705 3,526 4,127 4,260 4,529
Net margin 32.08% 31.96% 36.32% 37.61% 42.33% 39.86% 37.21% 37.91% 11.08% 16.99% 20.89% 25.14% 28.22% 29.29% 30.29%
EPS 2 0.5590 0.5930 0.7150 0.7830 0.8800 0.8150 0.7740 0.8250 0.2840 0.4420 0.5658 0.7353 0.8725 0.9062 0.9588
Dividend per Share 2 0.4100 0.4100 0.4100 0.4100 0.4600 0.4600 0.4600 0.5250 0.5250 0.5250 0.5275 0.5275 0.5686 0.5686 0.5704
Announcement Date 03/03/22 26/05/22 01/09/22 08/12/22 02/03/23 01/06/23 31/08/23 07/12/23 07/03/24 12/06/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,743 33,444 27,567 27,099 25,040 56,418 40,400 27,945
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.22 x 2.476 x 1.676 x 1.289 x 1.079 x 1.807 x 1.048 x 0.6447 x
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 23,005 31,111 34,507
ROE (net income / shareholders' equity) 36.6% 40.9% 51.5% 69.3% 78.7% 39.1% 35.6% 38.9%
ROA (Net income/ Total Assets) 16.1% 4.13% 8.89% 22.2% 25.2% 17% 16.9% 16.6%
Assets 1 16,948 71,712 75,752 51,757 55,978 58,327 106,334 141,162
Book Value Per Share 2 5.620 5.870 5.570 5.170 5.620 16.10 17.90 19.60
Cash Flow per Share 2 2.310 2.860 3.210 3.960 4.240 5.030 6.730 8.430
Capex 1 432 463 443 424 452 552 626 671
Capex / Sales 1.91% 1.94% 1.61% 1.28% 1.26% 1.07% 1.04% 1%
Announcement Date 12/12/19 10/12/20 09/12/21 08/12/22 07/12/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
169.4 USD
Average target price
192.1 USD
Spread / Average Target
+13.40%
Consensus