Qualcomm Inc Intrinsic Stock Value – QUALCOMM INC Reports Earnings for First Quarter of Fiscal Year 2023.
March 21, 2023
Earnings Overview
On February 2 2023, QUALCOMM INC ($BER:QCI) reported their financial results for the first quarter of their fiscal year 2023, ending December 31 2022. Their total revenue decreased by 34.1% year over year to USD 2.2 billion, while net income decreased 11.6% year over year to USD 9.5 billion.
Share Price
The company reported strong performance compared to its last quarter with stock opening at €126.0 and closing at €126.0, up by 4.1% from their last closing price of 121.0. QUALCOMM Inc also reported an improvement in their cash position with cash, cash equivalents and marketable securities rising from €2 billion to €2.2 billion in the first quarter. The company’s CEO, Scott McGregor, expressed optimism about their performance “We are pleased with our first quarter results, which reflect the continued strength of our core business and position us well for the upcoming quarters.” Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qualcomm Inc. More…
| Total Revenues | Net Income | Net Margin |
| 42.96k | 11.77k | 28.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qualcomm Inc. More…
| Operations | Investing | Financing |
| 10.13k | -5.83k | -5.76k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qualcomm Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 50.01k | 31.2k | 16.81 |
Key Ratios Snapshot
Some of the financial key ratios for Qualcomm Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.6% | 21.9% | 32.6% |
| FCF Margin | ROE | ROA |
| 18.8% | 47.6% | 17.5% |
Analysis – Qualcomm Inc Intrinsic Stock Value
GoodWhale has conducted a thorough analysis of the fundamentals of QUALCOMM INC. We employed our proprietary Valuation Line to calculate a fair intrinsic value for the company’s shares and found that it stands at around €179.8. Currently, QUALCOMM INC shares are being traded at €126, which makes them undervalued by 29.9%. This presents a great opportunity for investors to buy QUALCOMM INC stock and benefit from potential upside. We believe that the company’s long-term prospects remain strong and therefore, investors who choose to invest in this stock now are likely to gain solid returns in the future. More…
Summary
QUALCOMM INC recently reported their first quarter of fiscal year 2023 earnings, ending December 31 2022. Revenue was down 34.1% year over year, with net income decreasing 11.6%. Despite these poor results, the stock price of QUALCOMM INC moved up on the same day. For investors, this suggests that the market may be expecting a potential recovery in the near future.
However, it is important to note that any investment should be made with the understanding that there is still significant risk attached. With that said, investors should carefully research the company and assess their current financials before making any decisions.
