Financials Broadcom Inc. Deutsche Boerse AG

Equities

1YD0

CA11134P1009

Semiconductors

Delayed Deutsche Boerse AG 03:31:32 2024-07-01 EDT 5-day change 1st Jan Change
26.2 EUR -1.50% Intraday chart for Broadcom Inc. 0.00% +48.86%

Valuation

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 114,305 143,602 218,844 191,528 346,021 747,356 - -
Enterprise Value (EV) 1 142,048 177,046 246,411 218,627 371,061 802,298 788,511 774,516
P/E ratio 44.8 x 56.1 x 35.4 x 17.8 x 25.4 x 81.7 x 43.1 x 33.7 x
Yield 3.89% 3.66% 2.71% 3.47% 2.27% 1.31% 1.51% 1.72%
Capitalization / Revenue 5.06 x 6.01 x 7.97 x 5.77 x 9.66 x 14.5 x 12.6 x 11.3 x
EV / Revenue 6.29 x 7.41 x 8.98 x 6.58 x 10.4 x 15.6 x 13.3 x 11.8 x
EV / EBITDA 11.4 x 13.1 x 15 x 10.4 x 16 x 25.5 x 20.7 x 17.9 x
EV / FCF 15.3 x 15.3 x 18.5 x 13.4 x 21 x 35.2 x 25.1 x 22.2 x
FCF Yield 6.52% 6.55% 5.41% 7.46% 4.75% 2.84% 3.98% 4.5%
Price to Book 5.13 x 6.05 x 9.54 x 9.14 x 14.9 x 10 x 8.95 x 8.18 x
Nbr of stocks (in thousands) 396,671 404,501 411,616 405,008 412,736 465,488 - -
Reference price 2 288.2 355.0 531.7 472.9 838.4 1,606 1,606 1,606
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,597 23,888 27,450 33,203 35,819 51,483 59,466 65,884
EBITDA 1 12,498 13,509 16,451 21,029 23,213 31,468 38,048 43,158
EBIT 1 11,929 12,939 15,912 20,294 22,125 30,179 36,679 40,925
Operating Margin 52.79% 54.17% 57.97% 61.12% 61.77% 58.62% 61.68% 62.12%
Earnings before Tax (EBT) 1 2,226 2,443 6,765 12,434 15,097 10,216 18,657 25,464
Net income 1 2,724 2,960 6,736 11,495 14,082 9,940 18,001 23,036
Net margin 12.05% 12.39% 24.54% 34.62% 39.31% 19.31% 30.27% 34.96%
EPS 2 6.430 6.330 15.00 26.53 32.98 19.65 37.27 47.68
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 22,819 31,361 34,821
FCF margin 41% 48.55% 48.53% 49.13% 49.23% 44.32% 52.74% 52.85%
FCF Conversion (EBITDA) 74.13% 85.85% 80.97% 77.57% 75.96% 72.51% 82.42% 80.68%
FCF Conversion (Net income) 340.12% 391.82% 197.76% 141.91% 125.22% 229.56% 174.22% 151.16%
Dividend per Share 2 11.20 13.00 14.40 16.40 19.05 21.02 24.18 27.67
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
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 7,706 8,103 8,464 8,930 8,915 8,733 8,876 9,295 11,961 12,487 12,956 14,022 14,609 14,508 14,943
EBITDA 1 4,818 5,111 5,378 5,722 5,678 5,686 5,801 6,048 7,156 7,429 7,919 8,887 9,133 9,199 9,571
EBIT 1 4,656 4,939 5,199 5,500 5,430 5,412 5,536 5,747 6,831 7,146 7,674 8,551 8,961 8,912 9,297
Operating Margin 60.42% 60.95% 61.42% 61.59% 60.91% 61.97% 62.37% 61.83% 57.11% 57.23% 59.23% 60.98% 61.34% 61.43% 62.22%
Earnings before Tax (EBT) 1 2,687 2,790 3,337 3,620 3,840 3,716 3,574 3,967 1,342 2,005 2,920 3,623 3,637 3,713 3,994
Net income 1 2,472 2,590 3,074 3,359 3,774 3,481 3,303 3,524 1,325 2,121 2,703 3,500 4,117 4,234 4,552
Net margin 32.08% 31.96% 36.32% 37.61% 42.33% 39.86% 37.21% 37.91% 11.08% 16.99% 20.86% 24.96% 28.18% 29.18% 30.46%
EPS 2 5.590 5.930 7.150 7.830 8.800 8.150 7.740 8.250 2.840 4.420 5.588 7.299 8.719 9.047 9.577
Dividend per Share 2 4.100 4.100 4.100 4.100 4.600 4.600 4.600 5.250 5.250 5.250 5.250 5.250 5.680 5.680 5.701
Announcement Date 3/3/22 5/26/22 9/1/22 12/8/22 3/2/23 6/1/23 8/31/23 12/7/23 3/7/24 6/12/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: October 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 27,743 33,444 27,567 27,099 25,040 54,943 41,155 27,160
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.22 x 2.476 x 1.676 x 1.289 x 1.079 x 1.746 x 1.082 x 0.6293 x
Free Cash Flow 1 9,265 11,598 13,321 16,312 17,633 22,819 31,361 34,821
ROE (net income / shareholders' equity) 36.6% 40.9% 51.5% 69.3% 78.7% 41.9% 46.1% 37.2%
ROA (Net income/ Total Assets) 16.1% 4.13% 8.89% 22.2% 25.2% 15.1% 16.8% 16.2%
Assets 1 16,948 71,712 75,752 51,757 55,978 65,986 107,389 141,801
Book Value Per Share 2 56.20 58.70 55.70 51.70 56.20 161.0 179.0 196.0
Cash Flow per Share 2 23.10 28.60 32.10 39.60 42.40 50.30 67.20 84.30
Capex 1 432 463 443 424 452 551 624 665
Capex / Sales 1.91% 1.94% 1.61% 1.28% 1.26% 1.07% 1.05% 1.01%
Announcement Date 12/12/19 12/10/20 12/9/21 12/8/22 12/7/23 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
1,606 USD
Average target price
1,851 USD
Spread / Average Target
+15.27%
Consensus