Company Valuation: Broadcom Inc.

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 221,067 184,696 359,616 788,954 1,745,528 1,761,922 - -
Change - -16.45% 94.71% 119.39% 121.25% 0.94% - -
Enterprise Value (EV) 1 248,634 211,795 384,656 847,172 1,794,486 1,787,003 1,721,317 1,624,162
Change - -14.82% 81.62% 120.24% 111.82% -0.42% -3.68% -5.64%
P/E 35.8x 17.2x 26.4x 137x 77.5x 40.9x 22.4x 16.7x
PBR 9.64x 8.82x 15.5x 11.5x 22.5x 15.9x 10.2x 6.3x
PEG - 0.2x 1.1x -2.2x 0x 0.5x 0.3x 0.5x
Capitalization / Revenue 8.05x 5.56x 10x 15.3x 27.3x 16.6x 10.2x 7.53x
EV / Revenue 9.06x 6.38x 10.7x 16.4x 28.1x 16.8x 9.92x 6.94x
EV / EBITDA 15.1x 10.1x 16.6x 26.6x 41.7x 24.8x 14.5x 10.5x
EV / EBIT 15.6x 10.4x 17.4x 27.6x 42.7x 25.2x 14.7x 10.3x
EV / FCF 18.7x 13x 21.8x 43.6x 66.7x 35.8x 19.2x 12.9x
FCF Yield 5.36% 7.7% 4.58% 2.29% 1.5% 2.8% 5.21% 7.76%
Dividend per Share 2 1.44 1.64 1.905 2.17 2.42 2.614 2.963 3.339
Rate of return 2.68% 3.6% 2.19% 1.28% 0.65% 0.71% 0.8% 0.9%
EPS 2 1.5 2.653 3.298 1.23 4.77 9.029 16.5 22.09
Distribution rate 96% 61.8% 57.8% 176% 50.7% 29% 18% 15.1%
Net sales 1 27,450 33,203 35,819 51,574 63,887 106,085 173,433 233,970
EBITDA 1 16,451 21,029 23,213 31,897 43,004 72,077 118,307 154,933
EBIT 1 15,912 20,294 22,125 30,736 41,997 70,931 117,087 158,416
Net income 1 6,736 11,495 14,082 5,895 23,126 44,183 79,034 110,467
Net Debt 1 27,567 27,099 25,040 58,218 48,958 25,080 -40,605 -137,761
Reference price 2 53.71 45.60 87.13 168.92 369.63 369.68 369.68 369.68
Nbr of stocks (in thousands) 4,116,163 4,050,078 4,127,355 4,670,576 4,722,365 4,757,580 - -
Announcement Date 12/9/21 12/8/22 12/7/23 12/12/24 12/11/25 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.14x12.59x19.07x0.34% 5,331B
22.4x10.99x14.89x1.13% 1,967B
41.02x16.85x24.79x0.71% 1,762B
13.19x8.01x9.68x0.06% 1,083B
4.79x2.98x3.58x0.22% 891B
82.16x14.88x55.92x-.--% 768B
-38.8x7.83x21.77x-.--% 470B
192.49x41.98x85.59x-.--% 258B
Average 42.42x 14.51x 29.41x 0.31% 1,566B
Weighted average by Cap. 27.73x 12.43x 21.04x 0.44%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield