Broadcom Inc Stock Fair Value – Broadcom Reports Record-Breaking Non-GAAP EPS and Revenue
December 8, 2023
🌥️Trending News
Broadcom Inc ($NASDAQ:AVGO). has reported record-breaking non-GAAP earnings per share (EPS) and revenue in its latest financial statement. The company’s Non-GAAP EPS of $11.06 exceeded estimates by $0.10, while its revenue of $9.3 billion surpassed forecasts by $20 million. This impressive performance is a testament to Broadcom’s success as one of the world’s leading semiconductor companies. The company designs, develops, and markets a range of semiconductor and infrastructure software solutions that enable its customers to accelerate their digital transformation efforts. Broadcom’s solutions are used across a wide range of industries, from consumer electronics to automotive and industrial applications. Through its innovative products, Broadcom is helping its customers to stay ahead of the competition and drive growth.
This impressive performance is testament to the company’s commitment to providing world-class products and services that enable its customers to stay ahead in a highly competitive market. Broadcom’s success is also evident in its stock price, which has risen steadily over the past year. As one of the world’s leading semiconductor companies, Broadcom Inc. continues to deliver on its promises and provide its customers with solutions that can help them drive business transformation. With its impressive financial performance and commitment to innovation, Broadcom looks set to remain a leader in the tech industry for years to come.
Earnings
Net income stood at 1.88B USD, representing 38.8% decrease from that of the previous year. Despite the decreases over the year, the total revenue of BROADCOM INC had increased from 6.78B USD to 8.88B USD in the last 3 years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Broadcom Inc. More…
| Total Revenues | Net Income | Net Margin |
| 35.45k | 13.87k | 40.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Broadcom Inc. More…
| Operations | Investing | Financing |
| 17.84k | -693 | -15.07k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Broadcom Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 71.59k | 49.52k | 53.5 |
Key Ratios Snapshot
Some of the financial key ratios for Broadcom Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | 63.0% | 46.2% |
| FCF Margin | ROE | ROA |
| 49.0% | 46.4% | 14.3% |
Price History
At the beginning of the day, its stock opened at $905.5 and closed at $922.3, up 2.1% from its prior closing price of $903.6. The company attributed the strong performance to a combination of organic growth and successful acquisitions. Looking ahead, BROADCOM INC plans to continue innovating and building on its impressive financial performance. Live Quote…
Analysis – Broadcom Inc Stock Fair Value
At GoodWhale, we have been closely analyzing BROADCOM INC’s financials and we are pleased to offer our insights on the company. According to our proprietary Valuation Line, we estimate the fair value of a BROADCOM INC share to be around $526.9. Currently, BROADCOM INC stock is traded at $922.3, making it an overvalued investment by 75.1%. Our report provides our in-depth analysis into the company’s finances, so you can make decisions with confidence. More…
Peers
Since its inception in 1991, Broadcom Inc has been a leading provider of semiconductor solutions. Its competitors, Qualcomm Inc, NVIDIA Corp, and Qorvo Inc, have all tried to keep up with Broadcom’s innovation and technology. While Qualcomm and NVIDIA have been able to maintain a strong presence in the market, Qorvo has struggled to keep up.
– Qualcomm Inc ($NASDAQ:QCOM)
Qualcomm Inc. is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 132.13B as of 2022 and a Return on Equity of 65.09%. The company was founded in 1985 and is headquartered in San Diego, California. Qualcomm is a leading provider of wireless technology and services for the mobile industry. It offers a comprehensive portfolio of products and services that enable mobile devices to connect to the Internet, including chipsets, modem and router technologies, and software and services.
– NVIDIA Corp ($NASDAQ:NVDA)
Nvidia is an American technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.
Nvidia’s market cap is currently $336.08B, with a ROE of 20.03%. The company has seen strong growth in recent years, driven by demand for its GPUs in the gaming market. Nvidia is also expanding into new markets such as autonomous vehicles and artificial intelligence.
– Qorvo Inc ($NASDAQ:QRVO)
Qorvo Inc is a company that provides radio frequency (RF) solutions for mobile, infrastructure, and defense applications. It has a market cap of 8.88B as of 2022 and a Return on Equity of 14.5%. The company’s products include power amplifiers, filters, and switches.
Summary
This positive report is a great sign for investors, emphasizing Broadcom’s ability to generate sustained revenue and strong profit margins in a challenging market. This excellent performance may indicate the company is well-positioned to outperform expectations in the future. It is important for investors to keep a close eye on Broadcom’s financials and strategic initiatives as they look to diversify and expand their offerings in the market.
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