Analog Devices Intrinsic Value Calculator – ANALOG DEVICES Reports Third Quarter FY2023 Earnings Results for July 31 2023 Close
August 25, 2023
🌥️Earnings Overview
On August 23 2023, ANALOG DEVICES ($NASDAQ:ADI) released its earnings report for the Q3 of FY2023, which was based on the period ending July 31 2023. The total revenue amounted to USD 3076.5 million, slightly lower than that of the same quarter a year ago by 1.1%. However, the net income experienced a year-on-year growth of 17.1%, reaching USD 877.0 million.
Price History
On Wednesday, ANALOG DEVICES Inc. reported third quarter earnings results for the fiscal year 2023 ending on July 31, 2023. The stock opened at $168.6 and closed at $177.5, up 0.5% from its last closing price of $176.7. Overall, ANALOG DEVICES reported strong numbers for the third quarter of fiscal year 2023, with the stock ending the day up 0.5% from its closing price the day before. Investors will be looking closely at the company’s performance in future quarters as they continue to assess its growth potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Analog Devices. More…
| Total Revenues | Net Income | Net Margin |
| 12.84k | 3.75k | 29.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Analog Devices. More…
| Operations | Investing | Financing |
| 4.78k | -1.09k | -4.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Analog Devices. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.35k | 13.44k | 72.05 |
Key Ratios Snapshot
Some of the financial key ratios for Analog Devices are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.5% | 43.3% | 33.7% |
| FCF Margin | ROE | ROA |
| 28.7% | 7.5% | 5.5% |
Analysis – Analog Devices Intrinsic Value Calculator
At GoodWhale, we recently analyzed the fundamentals of ANALOG DEVICES. Our proprietary Valuation Line indicated that the intrinsic value of ANALOG DEVICES share is around $218.3. This means that the current stock price of $177.5 is trading at a fair price, however it is still undervalued by 18.7%. This could present an attractive opportunity for investors who are willing to take on a certain level of risk. By digging into the company’s financials, we determined that ANALOG DEVICES has a strong balance sheet and low debt levels, indicating that it can weather a downturn in the market. Additionally, the company has a track record of steady revenue growth and its products have been well received in the markets. More…
Peers
Analog Devices Inc’s competitors in the semiconductor industry are Texas Instruments Inc, ON Semiconductor Corp, and GLOBALFOUNDRIES Inc. All three companies are major players in the industry, and all three are competing for market share. Analog Devices Inc has a strong market position, but it is facing stiff competition from its rivals.
– Texas Instruments Inc ($NASDAQ:TXN)
Texas Instruments Inc has a market cap of 160.99B as of 2022, a Return on Equity of 46.03%. The company is a leading semiconductor manufacturer, with a focus on digital signal processing and analog technologies. Its products are used in a wide range of applications, including mobile phones, automotive electronics, industrial automation and consumer electronics. TI has a strong presence in the automotive market, with its chips used in a variety of safety and infotainment systems. The company is also a major supplier of chips for the industrial market, where its products are used in factory automation and process control systems.
– ON Semiconductor Corp ($NASDAQ:ON)
NXP Semiconductors Corp is a leading semiconductor company that provides a wide range of innovative products and services. Its products are used in a variety of applications, including automotive, industrial, consumer, and communications. The company has a strong focus on research and development, and its products are constantly evolving to meet the changing needs of its customers. NXP has a market cap of 30.95B as of 2022 and a return on equity of 24.5%. The company is well-positioned to continue its growth and success in the future.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
As of 2022, GLOBALFOUNDRIES Inc has a market cap of 33.87B and a Return on Equity of 7.08%. The company is a leading semiconductor foundry that manufactures advanced semiconductor devices for a wide range of customers.
Summary
ANALOG DEVICES reported positive earnings in their third quarter of FY2023, ending July 31. Total revenue was USD 3076.5 million, a slight decrease of 1.1% year over year. Net income grew by 17.1% to USD 877.0 million, indicating a successful quarter. Investors should consider the company’s strong performance when making decisions about their portfolio.
The long-term outlook for ANALOG DEVICES looks promising given the company’s history of delivering consistent financial results. ANALOG DEVICES is expected to continue to expand their product portfolio and capture market share in the near future, making it an attractive option for investors.
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