Globalfoundries Inc Intrinsic Value Calculation – GlobalFoundries Exceeds Q3 Expectations, Plans for Growth in 2024

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GLOBALFOUNDRIES ($NASDAQ:GFS): Despite a difficult year, GlobalFoundries has managed to exceed their Q3 expectations and is looking forward to further growth in 2024. It has operations in multiple countries including the United States, Germany, Singapore, China, and India. The company manufactures chips for a wide range of applications, including those used in data centers, mobile phones, tablets, wearable devices, and automotive. It has also invested heavily in research and development initiatives to ensure that its products are always at the cutting-edge of technology.

As the organization continues to move forward into the future, it is confident of its plans for growth in 2024, despite the challenges posed by the pandemic this year. GlobalFoundries is staying ahead of the curve and is planning for substantial investments in new facilities, increased use of advanced automation technologies, and new product development efforts. With these plans in place, GlobalFoundries is confident that it will be able to achieve its goals and continue providing its customers with high quality semiconductor products.

Share Price

GLOBALFOUNDRIES INC experienced a slight dip in stock prices on Thursday, with the opening price of $53.1 and a closing of $50.8, down by 4.2% from the previous day’s closing of 53.0. Despite the drop, the company reported a strong third quarter, exceeding analysts’ expectations and projecting growth in 2024. The company is well-poised to take advantage of the fast-growing demand for semiconductor technology, and has recently announced plans to invest heavily in expanding its global manufacturing capabilities. GLOBALFOUNDRIES INC has demonstrated their commitment to continuous innovation, with a focus on exceeding industry standards and creating semiconductor solutions that meet the evolving needs of customers worldwide. They have recently launched a number of initiatives that are intended to make large-scale semiconductor manufacturing more efficient and cost-effective.

These moves suggest that GLOBALFOUNDRIES INC is actively positioning itself for long-term success in the semiconductor industry. Given the strong financial performance of GLOBALFOUNDRIES INC in the third quarter and its ambitious plans for growth in 2024, investors may be encouraged to remain confident in the company’s future prospects. The company’s commitment to innovation and customer satisfaction is likely to continue to be rewarded as it seeks to remain ahead of the competition. Live Quote…

About the Company

Income Snapshot

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Balance Sheet Snapshot

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Analysis – Globalfoundries Inc Intrinsic Value Calculation

At GoodWhale, we have conducted an analysis of the financials of GLOBALFOUNDRIES INC. After performing our in-depth evaluation, we have concluded that the intrinsic value of GLOBALFOUNDRIES INC share is around $58.3, which we calculated using our proprietary Valuation Line. Presently, the share is trading at $50.8, which is a 12.9% undervaluation. This indicates that the stock may be an attractive opportunity for investors seeking potential returns. More…

Peers

With the technological advances in the semiconductor industry, the competition between foundries has become increasingly fierce. GLOBALFOUNDRIES Inc, a leading foundry company, has been locked in a battle with its competitors, Advanced Micro Devices Inc, Taiwan Semiconductor Manufacturing Co Ltd, and Intel Corp. In order to maintain its competitive edge, GLOBALFOUNDRIES has made significant investments in cutting-edge manufacturing technologies and has been aggressively expanding its production capacity.

– Advanced Micro Devices Inc ($NASDAQ:AMD)

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.

As of 2022, AMD has a market cap of $93.57 billion and a return on equity (ROE) of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, and servers. AMD is a leading supplier of microprocessor technology for the PC market.

– Taiwan Semiconductor Manufacturing Co Ltd ($TWSE:2330)

Taiwan Semiconductor Manufacturing Co Ltd is a semiconductor foundry. The company has a market cap of 10.29T as of 2022 and a Return on Equity of 22.34%. Taiwan Semiconductor Manufacturing Co Ltd is the world’s largest dedicated semiconductor foundry and one of the largest fabless semiconductor companies. The company offers a comprehensive set of IC design enablement tools, libraries, IPs, design services, advanced packaging, test and yield optimization solutions to help customers accelerate time-to-market.

– Intel Corp ($NASDAQ:INTC)

Intel Corp. is an American multinational corporation and technology company headquartered in Santa Clara, California, in the Silicon Valley. It is the world’s largest and highest valued semiconductor chip manufacturer based on revenue and is the inventor of the x86 series of microprocessors, the processors found in most personal computers (PCs). Intel supplies processors for computer system manufacturers such as Apple, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.

The company’s market cap is $108.48B as of 2022 and has a return on equity of 19.16%. Intel Corp is a technology company that designs and manufactures computer processors and other components. The company is headquartered in Santa Clara, California, in the Silicon Valley.

Summary

GlobalFoundries Inc reported mixed Q3 results, exceeding expectations in some areas but facing challenges in others. Despite this, the company managed to beat earnings expectations and showed signs of growth going into 2024. In response to these results, the stock price moved down on the same day, showing investor uncertainty about the future. With GlobalFoundries’ quarterly report displaying a mixed outlook for the quarter ahead, investors should keep a close eye on its performance and be prepared to adjust their strategies accordingly.