Financials Analog Devices, Inc.

Equities

ADI

US0326541051

Semiconductors

Market Closed - Nasdaq 16:00:00 2024-07-18 EDT 5-day change 1st Jan Change
239 USD +1.43% Intraday chart for Analog Devices, Inc. +2.25% +20.36%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 40,202 43,043 92,682 74,518 80,014 118,591 - -
Enterprise Value (EV) 1 45,046 47,132 97,474 79,596 84,959 123,981 123,401 122,586
P/E ratio 29.8 x 35.5 x 49.8 x 27.6 x 24.5 x 78.9 x 46.8 x 32.5 x
Yield 1.93% 2.06% 1.6% 2.05% - 1.53% 1.66% 1.87%
Capitalization / Revenue 6.71 x 7.68 x 12.7 x 6.2 x 6.5 x 12.7 x 11.1 x 9.83 x
EV / Revenue 7.52 x 8.41 x 13.3 x 6.63 x 6.9 x 13.3 x 11.5 x 10.2 x
EV / EBITDA 16.8 x 19.1 x 29.2 x 12.8 x 13.9 x 30.1 x 24.5 x 20.4 x
EV / FCF 22.8 x 25.6 x 40.8 x 21.1 x 23.9 x 39.6 x 28.2 x 25.2 x
FCF Yield 4.39% 3.91% 2.45% 4.74% 4.19% 2.52% 3.55% 3.97%
Price to Book 3.47 x 3.61 x 1.82 x 2.02 x - 3.4 x 3.41 x 3.33 x
Nbr of stocks (in thousands) 369,406 369,560 537,411 514,342 498,314 496,217 - -
Reference price 2 108.8 116.5 172.5 144.9 160.6 239.0 239.0 239.0
Announcement Date 11/26/19 11/24/20 11/23/21 11/22/22 11/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Oktober 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,991 5,603 7,318 12,014 12,306 9,317 10,706 12,063
EBITDA 1 2,674 2,468 3,335 6,223 6,120 4,121 5,031 5,996
EBIT 1 2,433 2,234 3,104 5,939 6,014 3,783 4,767 5,719
Operating Margin 40.61% 39.88% 42.41% 49.44% 48.88% 40.61% 44.53% 47.41%
Earnings before Tax (EBT) 1 1,486 1,312 1,329 3,099 3,608 1,694 3,520 4,184
Net income 1 1,363 1,221 1,390 2,749 3,315 1,515 2,478 3,449
Net margin 22.75% 21.79% 19% 22.88% 26.94% 16.26% 23.15% 28.59%
EPS 2 3.650 3.280 3.460 5.250 6.550 3.027 5.104 7.352
Free Cash Flow 1 1,978 1,843 2,391 3,776 3,556 3,130 4,383 4,866
FCF margin 33.01% 32.89% 32.67% 31.43% 28.9% 33.6% 40.94% 40.34%
FCF Conversion (EBITDA) 73.97% 74.67% 71.69% 60.68% 58.1% 75.96% 87.1% 81.15%
FCF Conversion (Net income) 145.1% 150.97% 171.96% 137.38% 107.29% 206.57% 176.83% 141.08%
Dividend per Share 2 2.100 2.400 2.760 2.970 - 3.659 3.975 4.473
Announcement Date 11/26/19 11/24/20 11/23/21 11/22/22 11/21/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 2,684 2,972 3,110 3,248 3,250 3,263 3,076 2,716 2,513 2,159 2,274 2,383 2,457 2,590 2,746
EBITDA 1 1,293 1,567 1,633 1,729 1,744 1,751 1,556 1,233 1,139 930.8 1,024 1,078 1,070 1,147 1,280
EBIT 1 1,228 1,495 1,557 1,659 1,659 1,671 1,470 1,215 1,054 841.9 909.6 976.7 1,025 1,119 1,238
Operating Margin 45.75% 50.3% 50.07% 51.07% 51.05% 51.21% 47.79% 44.71% 41.96% 39% 40% 40.99% 41.73% 43.2% 45.09%
Earnings before Tax (EBT) 1 323.6 879.2 847.9 1,048 1,073 1,088 874.8 571.8 513.4 324.6 620.6 688 758.6 818 968.5
Net income 1 280.1 783.3 749 936.2 961.5 977.7 877 498.4 462.7 302.2 352.8 386 438.3 523.4 610.3
Net margin 10.43% 26.35% 24.08% 28.83% 29.59% 29.96% 28.51% 18.35% 18.42% 14% 15.52% 16.2% 17.84% 20.21% 22.23%
EPS 2 0.5300 1.490 1.440 1.820 1.880 1.920 1.740 1.000 0.9300 0.6100 0.7091 0.7867 0.9428 1.138 1.332
Dividend per Share 2 0.6900 0.7600 0.7600 0.7600 - - 0.8600 - 0.8600 0.9200 0.9200 0.9200 0.9267 1.011 1.010
Announcement Date 2/16/22 5/18/22 8/17/22 11/22/22 2/15/23 5/24/23 8/23/23 11/21/23 2/21/24 5/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,844 4,089 4,792 5,078 4,944 5,390 4,810 3,995
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.812 x 1.657 x 1.437 x 0.8161 x 0.8079 x 1.308 x 0.9561 x 0.6663 x
Free Cash Flow 1 1,978 1,843 2,391 3,776 3,556 3,130 4,383 4,866
ROE (net income / shareholders' equity) 11.9% 15.4% 10.4% 13.5% 14.2% 8.8% 11.8% 14.1%
ROA (Net income/ Total Assets) 6.52% 5.67% 7.03% 9.76% 10.3% 4.5% 5.7% 9.25%
Assets 1 20,916 21,530 19,789 28,161 32,170 33,673 43,481 37,284
Book Value Per Share 2 31.40 32.30 94.70 71.60 - 70.20 70.10 71.80
Cash Flow per Share 2 6.040 5.400 6.820 8.600 9.520 6.610 8.640 10.10
Capex 1 275 166 344 699 1,261 715 683 662
Capex / Sales 4.6% 2.96% 4.7% 5.82% 10.25% 7.67% 6.38% 5.49%
Announcement Date 11/26/19 11/24/20 11/23/21 11/22/22 11/21/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
31
Last Close Price
239 USD
Average target price
252.8 USD
Spread / Average Target
+5.76%
Consensus
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  4. Financials Analog Devices, Inc.