Advanced Micro Devices Inc
AMD
Semiconductors & Related Devices
Mkt Cap
$277.5BPE
248.65Debt
$2.468BCash
$4.19BEV
$275.8BFCF
$1.172BP/E Ratio
248.65Debt
$2.468BCash
$4.19BEV
$275.8BFCF
$1.172BCharts data: {"Earnings":[{"time":"2014-12-26","value":-403000000},{"time":"2015-12-25","value":-660000000},{"time":"2016-12-30","value":-497000000},{"time":"2017-12-29","value":43000000},{"time":"2018-12-28","value":337000000},{"time":"2019-12-27","value":341000000},{"time":"2020-12-25","value":2490000000},{"time":"2021-12-24","value":3162000000},{"time":"2022-12-30","value":1320000000},{"time":"2023-12-29","value":854000000}],"Sales":[{"time":"2014-12-26","value":5506000000},{"time":"2015-12-25","value":3991000000},{"time":"2016-12-30","value":4319000000},{"time":"2017-12-29","value":5329000000},{"time":"2018-12-28","value":6475000000},{"time":"2019-12-27","value":6731000000},{"time":"2020-12-25","value":9763000000},{"time":"2021-12-24","value":16434000000},{"time":"2022-12-30","value":23601000000},{"time":"2023-12-29","value":22680000000}],"Net Margins":[{"time":"2014-12-26","value":-0.07319288049400653},{"time":"2015-12-25","value":-0.16537208719619143},{"time":"2016-12-30","value":-0.11507293354943274},{"time":"2017-12-29","value":0.008069056108087821},{"time":"2018-12-28","value":0.05204633204633204},{"time":"2019-12-27","value":0.05066112019016491},{"time":"2020-12-25","value":0.25504455597664655},{"time":"2021-12-24","value":0.1924059875867105},{"time":"2022-12-30","value":0.055929833481632135},{"time":"2023-12-29","value":0.037654320987654324}],"Assets":[{"time":"2014-12-26","value":3767000000},{"time":"2015-12-25","value":3109000000},{"time":"2016-12-30","value":3321000000},{"time":"2017-12-29","value":3540000000},{"time":"2018-12-28","value":4556000000},{"time":"2019-12-27","value":6028000000},{"time":"2020-12-25","value":8962000000},{"time":"2021-12-24","value":12419000000},{"time":"2022-12-30","value":67580000000},{"time":"2023-12-29","value":67885000000}],"Stockholders Equity":[{"time":"2014-12-26","value":187000000},{"time":"2015-12-25","value":-412000000},{"time":"2016-12-30","value":416000000},{"time":"2017-12-29","value":611000000},{"time":"2018-12-28","value":1266000000},{"time":"2019-12-27","value":2827000000},{"time":"2020-12-25","value":5837000000},{"time":"2021-12-24","value":7497000000},{"time":"2022-12-30","value":54750000000},{"time":"2023-12-29","value":55892000000}],"ROE":[{"time":"2014-12-26","value":-2.1550802139037435},{"time":"2015-12-25","value":1.6019417475728155},{"time":"2016-12-30","value":-1.1947115384615385},{"time":"2017-12-29","value":0.07037643207855974},{"time":"2018-12-28","value":0.26619273301737756},{"time":"2019-12-27","value":0.12062256809338522},{"time":"2020-12-25","value":0.4265890011992462},{"time":"2021-12-24","value":0.4217687074829932},{"time":"2022-12-30","value":0.02410958904109589},{"time":"2023-12-29","value":0.015279467544550203}],"ROA":[{"time":"2014-12-26","value":-0.041146801168038226},{"time":"2015-12-25","value":-0.15471212608555807},{"time":"2016-12-30","value":-0.08792532369768143},{"time":"2017-12-29","value":0.0576271186440678},{"time":"2018-12-28","value":0.09899034240561896},{"time":"2019-12-27","value":0.10467816854678169},{"time":"2020-12-25","value":0.15275608123186787},{"time":"2021-12-24","value":0.2981721555680812},{"time":"2022-12-30","value":0.01882213672684226},{"time":"2023-12-29","value":0.008809015246372542}]}
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products. It also provides processors under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, and AMD PRO A-Series brand names; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; and professional graphics under the AMD Radeon Pro graphics brand name. In addition, the company offers data center graphics under the Radeon Instinct and Radeon PRO V-series brands, as well as servers under the AMD Instinct accelerators brand; server microprocessors under the AMD EPYC brands; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo brand. It serves original equipment and design manufacturers, public cloud service providers, system integrators, independent distributors, online and brick and mortar retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.
Sector
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DCF
Discounted Cash Flow Valuation of Advanced Micro Devices Inc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $1.172B | $1.524B | $1.938B | $2.412B | $2.935B | $3.489B | $4.051B | $4.591B | $5.076B | $5.471B | $5.745B | $57.45B |
| DCF | $1.325B | $1.466B | $1.586B | $1.678B | $1.735B | $1.751B | $1.726B | $1.659B | $1.555B | $1.42B | $14.2B | |
| Value | $30.1B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 45%
Earnings Stability -2.9%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -17% | -12% | 0.81% | 5.2% | 5.1% | 26% | 19% | 5.6% | 3.8% | 4.9% |
| ROA | -15% | -8.8% | 5.8% | 9.9% | 10% | 15% | 30% | 1.9% | 0.88% | 1.2% |
| ROE | 160% | -120% | 7% | 27% | 12% | 43% | 42% | 2.4% | 1.5% | 2% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +10.73%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -0.34%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +11.37%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -1.61%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +21.24%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -4.43%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | -7.66 | 135.92 | -37.76 | -12.36 | 2.04 | 0.44 | 0.19 | 0.80 | 2.90 | 2.11 |
| Debt Equity | -5.99 | 4.25 | 2.78 | 1.26 | 0.20 | 0.06 | 0.08 | 0.05 | 0.06 | 0.04 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | 100% | 100% | 66% | 37% | 37% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 2.11.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 2.07.
What is the Graham’s Stability?
Graham’s Stability measure stands at 0.37.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 27% | 28% | 32% | -3.9% | 5.2% |
| Net Income | - | 20% | -30% | -35% | -130% |
| Stockholders Equity | 100% | 110% | 110% | 2.1% | 29% |
| FCF | 89% | - | 13% | -64% | -110% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +28.49%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +5.23%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +20.44%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -125.05%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +113.3%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +29.18%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -105.43%.