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AVGO - Broadcom Inc.

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Broadcom Inc.

AVGO

NASDAQ

Broadcom Inc. designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing merchant silicon products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic transmitter and receiver components. The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, and motion control encoders and subsystems. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. was incorporated in 2018 and is headquartered in San Jose, California.

203.64 USD

6.31 (3.1%)

Operating Data

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

23.89B

27.45B

33.2B

35.82B

51.57B

62.89B

76.68B

93.5B

114B

139.01B

Revenue %

-

14.91

20.96

7.88

43.99

21.93

21.93

21.93

21.93

Ebitda

11.13B

14.69B

19.16B

20.55B

23.88B

32.88B

40.1B

48.89B

59.62B

72.69B

Ebitda %

46.57

53.52

57.69

57.38

46.3

52.29

52.29

52.29

52.29

Ebit

4.22B

8.65B

14.17B

16.72B

13.87B

20.81B

25.37B

30.93B

37.72B

45.99B

Ebit %

17.67

31.51

42.68

46.68

26.89

33.09

33.09

33.09

33.09

Depreciation

6.91B

6.04B

4.98B

3.83B

10.01B

12.08B

14.73B

17.96B

21.9B

26.7B

Depreciation %

28.91

22.01

15.01

10.71

19.41

19.21

19.21

19.21

19.21

Balance Sheet

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Total Cash

7.62B

12.16B

12.42B

14.19B

9.35B

21.55B

26.28B

32.04B

39.07B

47.63B

Total Cash %

31.89

44.31

37.39

39.61

18.13

34.27

34.27

34.27

34.27

Receivables

2.3B

2.07B

2.96B

3.15B

4.42B

5.46B

6.66B

8.12B

9.9B

12.08B

Receivables %

9.62

7.54

8.91

8.81

8.56

8.69

8.69

8.69

8.69

Inventories

1B

1.3B

1.93B

1.9B

1.76B

2.95B

3.59B

4.38B

5.34B

6.51B

Inventories %

4.2

4.72

5.8

5.3

3.41

4.69

4.69

4.69

4.69

Payable

836M

1.09B

998M

1.21B

1.66B

2.15B

2.62B

3.19B

3.89B

4.74B

Payable %

3.5

3.96

3.01

3.38

3.22

3.41

3.41

3.41

3.41

Cap Ex

-463M

-443M

-424M

-452M

-548M

-899.71M

-1.1B

-1.34B

-1.63B

-1.99B

Cap Ex %

-1.94

-1.61

-1.28

-1.26

-1.06

-1.43

-1.43

-1.43

-1.43

Weighted Average Cost Of Capital

Price

203.64

Beta

Diluted Shares Outstanding

4.78B

Costof Debt

5.85

Tax Rate

After Tax Cost Of Debt

3.48

Risk Free Rate

Market Risk Premium

Cost Of Equity

Total Debt

67.57B

Total Equity

972.99B

Total Capital

1.04T

Debt Weighting

6.49

Equity Weighting

93.51

Wacc

8.72

Build Up Free Cash Flow

Year

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

Revenue

23.89B

27.45B

33.2B

35.82B

51.57B

62.89B

76.68B

93.5B

114B

139.01B

Ebitda

11.13B

14.69B

19.16B

20.55B

23.88B

32.88B

40.1B

48.89B

59.62B

72.69B

Ebit

4.22B

8.65B

14.17B

16.72B

13.87B

20.81B

25.37B

30.93B

37.72B

45.99B

Tax Rate

40.55

40.55

40.55

40.55

40.55

40.55

40.55

40.55

40.55

40.55

Ebiat

5.11B

8.61B

13.1B

15.59B

8.25B

18.51B

22.57B

27.52B

33.55B

40.91B

Depreciation

6.91B

6.04B

4.98B

3.83B

10.01B

12.08B

14.73B

17.96B

21.9B

26.7B

Receivables

2.3B

2.07B

2.96B

3.15B

4.42B

5.46B

6.66B

8.12B

9.9B

12.08B

Inventories

1B

1.3B

1.93B

1.9B

1.76B

2.95B

3.59B

4.38B

5.34B

6.51B

Payable

836M

1.09B

998M

1.21B

1.66B

2.15B

2.62B

3.19B

3.89B

4.74B

Cap Ex

-463M

-443M

-424M

-452M

-548M

-899.71M

-1.1B

-1.34B

-1.63B

-1.99B

Ufcf

9.09B

14.39B

16.06B

19.02B

17.04B

27.94B

34.82B

42.46B

51.77B

63.13B

Wacc

8.72

8.72

8.72

8.72

8.72

Pv Ufcf

25.69B

29.46B

33.04B

37.06B

41.56B

Sum Pv Ufcf

166.83B

Terminal Value

Growth In Perpetuity Method

Long Term Growth Rate

Wacc

8.72

Free Cash Flow T1

65.65B

Terminal Value

1.39T

Present Terminal Value

916.46B

Intrinsic Value

Enterprise Value

1.08T

Net Debt

58.22B

Equity Value

1.03T

Diluted Shares Outstanding

4.78B

Equity Value Per Share

214.54

Projected DCF

214.54 0.051%

DCF Levered

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