Broadcom Inc.

Technology
Semiconductors
www.broadcom.com

Earnings Score
Moat Score
Safety Score

Market Cap $940.60B
PE 93
Debt $70.41B
Cash $9.31B
EV $1.00T
FCF $20.73B

Earnings

loading chart...

Sales & Net Margins

loading chart...

Earnings	$10.07B
EBIT	$17.64B
ROE	14%
ROA	11%
FCF	$20.73B
Equity	$69.79B
Growth Stability	48%
PE	93.38
PEG	2.81
PB	13.48
P/FCF	45.36
P/S	17.25
Price/Cash	0.01
Debt/Equity	1.01
Debt/FCF	3.4
Net Margins	37%
Gross Margins	65%
Op. Margins	32%
Earnings CAGR	14%
Sales Growth YoY	25%
Sales Growth QoQ	6%
Sales CAGR	14%
FCF CAGR	18%
Equity CAGR	10%
Earnings Stability	0.04
Earnings Growth YoY	315%
Earnings Growth QoQ	27%
Earnings CAGR 5Y	33%

Sales CAGR 5Y	19%
FCF CAGR 5Y	15%
Equity CAGR 5Y	27%
Earnings CAGR 3Y	23%
Sales CAGR 3Y	23%
FCF CAGR 3Y	11%
Equity CAGR 3Y	76%
Market Cap	$940.60B
Revenue	$54.53B
Dividend Yield	1%
Payout Ratio	101%
Assets	$165.36B
Total Debt	$70.41B
Cash	$9.31B
Shares Outstanding	4.7B
EV	1T
Earnings Score	7%
Moat Score	94%
Safety Score	63%
Final Score	55%
Working Capital	80M
Current Ratio	1
Gross Profit	$35.28B
Shares Growth 3y	6%
Equity Growth QoQ	3%
Equity Growth YoY	-1%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...

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 custom silicon solutions; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layer devices; and fiber optic components and RF semiconductor devices.

SEC Filings

Direct access to Broadcom Inc. (AVGO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Feb 02
2024
- 10-K Nov 03
- 10-Q Aug 04
- 10-Q May 05
- 10-Q Feb 04
2023
- 10-K Oct 29
- 10-Q Jul 30
- 10-Q Apr 30
- 10-Q Jan 29

Sector Comparison

How does Broadcom Inc. compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Broadcom Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%

Stability 4%

loading chart...

Broadcom Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Broadcom Inc..

Years

Calculation mode

= $706B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$21B	$24B	$29B	$34B	$40B	$47B	$55B	$64B	$76B	$89B	$104B	$1T
DCF		$22B	$24B	$25B	$27B	$29B	$31B	$33B	$35B	$38B	$40B	$402B
Value	$706B

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	10/2016	10/2017	11/2018	11/2019	10/2020	10/2021	10/2022	10/2023	11/2024	TTM
Net Margins	-14%	10%	59%	12%	11%	23%	34%	39%	11%	37%
ROA	-	4%	10%	5%	6%	11%	19%	22%	8%	11%
ROE	-	7%	46%	11%	11%	26%	49%	59%	9%	14%

Good Net Margins (36.89%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

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	10/2016	10/2017	11/2018	11/2019	10/2020	10/2021	10/2022	10/2023	11/2024	TTM
Debt over FCF	-	3.25	2.14	3.87	3.65	3.14	2.55	2.41	3.66	3.4
Debt over Equity	-	0.77	0.66	1.44	1.77	1.67	1.83	1.77	1.05	1.01
Growth Stability	-	-	-	67%	48%	100%	100%	100%	56%	48%

Neutral Debt/FCF ratio (3.4)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (1.01)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (48%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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	10/2016	10/2017	11/2018	11/2019	10/2020	10/2021	10/2022	10/2023	11/2024	CAGR 5Y
Revenue YoY growth	-	33%	18%	8%	6%	15%	21%	8%	44%	19%
Earnings YoY growth	-	-191%	625%	-78%	-1%	142%	74%	25%	-58%	33%
Equity YoY growth	-	6%	15%	-6%	-4%	5%	-9%	6%	182%	27%
FCF YoY growth	-	104%	50%	12%	25%	15%	22%	8%	10%	15%