Qualcomm Incorporated Intrinsic Value Calculator – QUALCOMM INCORPORATED Reports Third Quarter Earnings Results for FY2023 on June 30, 2023
August 27, 2023
🌥️Earnings Overview
QUALCOMM INCORPORATED ($NASDAQ:QCOM) reported their earnings results for the third quarter of FY2023 on June 30 2023. Revenue was USD 8.4 billion, representing a 22.8% decrease compared to the same time in the prior year. Net income for this period was USD 1.8 billion, a decrease of 51.7% from the same time a year prior.
Share Price
The stock opened at $130.2 and closed at $129.3, down by 2.1% from its previous closing price of 132.1. Despite the market’s cautious outlook, QUALCOMM INCORPORATED reported strong overall earnings results. However, as investors remain cautious in the face of uncertain future demand for QUALCOMM INCORPORATED’s products and services, the stock price may remain volatile in the next few weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Qualcomm Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 38.58k | 8.62k | 25.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Qualcomm Incorporated. More…
| Operations | Investing | Financing |
| 8.65k | 1.09k | -6.74k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Qualcomm Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49k | 28.33k | 18.54 |
Key Ratios Snapshot
Some of the financial key ratios for Qualcomm Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.5% | 48.1% | 26.3% |
| FCF Margin | ROE | ROA |
| 17.8% | 31.5% | 13.0% |
Analysis – Qualcomm Incorporated Intrinsic Value Calculator
GoodWhale has conducted an in-depth analysis of QUALCOMM INCORPORATED, one of the largest semiconductor companies in the world. Our proprietary Valuation Line analysis found that the intrinsic value of QUALCOMM INCORPORATED’s stock is around $148.2. This is a 12.7% difference compared to the current stock price of $129.3 per share. This indicates that the stock may be undervalued and present a good buying opportunity for investors. We believe that QUALCOMM INCORPORATED’s long-term growth prospects make it an attractive investment despite its current undervaluation. More…
Peers
Qualcomm Inc is a leading American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a wide range of competitors in the semiconductor and telecommunications industries, including Asix Electronics Corp Ltd, Skyworks Solutions Inc, Leaguer (Shenzhen) Microelectronics Corp.
– Asix Electronics Corp Ltd ($TPEX:3169)
Asix Electronics Corp Ltd is a leading technology company that designs and manufactures semiconductor integrated circuits. The company has a market cap of 5.77B as of 2022 and a Return on Equity of 21.21%. Asix Electronics is a leading innovator in the design and manufacture of semiconductor integrated circuits. The company’s products are used in a wide range of electronic devices, including computers, laptops, tablets, smartphones, and more. Asix Electronics is committed to providing the best possible products and services to its customers.
– Skyworks Solutions Inc ($NASDAQ:SWKS)
Skyworks Solutions Inc is a company that designs, manufactures and markets semiconductor products for use in radio frequency (RF) and mobile communications applications. The company has a market cap of 13.14B as of 2022 and a Return on Equity of 25.56%. Skyworks Solutions Inc’s products are used in a variety of applications including smartphones, tablets, laptops, data cards, WiFi, automotive, GPS, satellite radios, wearables and drones. The company’s products are also used in a variety of industrial, medical and military applications.
– Leaguer (Shenzhen) Microelectronics Corp ($SHSE:688589)
Shenzhen-based Leaguer (Shenzhen) Microelectronics Corp is a Chinese fabless semiconductor company. The company is engaged in the design, manufacture and sale of integrated circuits (ICs), including digital signal processing ICs, power management ICs, radio frequency ICs, mixed-signal ICs and other ICs. As of March 31, 2019, the company had a total of 1,754 employees.
Summary
Investors analyzing QUALCOMM INCORPORATED should take into account the company’s most recent earnings for the third quarter of FY2023. Total revenue decreased by 22.8% compared to the same period last year, while net income was down 51.7%. This suggests a large decline in profitability for the company, even when adjusted for the decrease in revenue. Investors should take the time to research and understand the underlying causes of this decrease in profitability in order to make an informed decision on the stock.
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