Qualcomm Inc

Technology
Radio And Television Broadcasting And Communications Equipment
www.qualcomm.com

Earnings Score
Moat Score
Safety Score

Market Cap $177.53B
PE 18
Debt $14.63B
Cash $7.85B
EV $184.32B
FCF $11.16B

Earnings

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Sales & Net Margins

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Earnings	$10.14B
EBIT	$10.34B
ROE	39%
ROA	19%
FCF	$11.16B
Equity	$26.27B
Growth Stability	-109%
PE	17.5
PEG	0.95
PB	6.76
P/FCF	15.91
P/S	4.56
Price/Cash	0.04
Debt/Equity	0.56
Debt/FCF	1.31
Net Margins	26%
Gross Margins	56%
Op. Margins	27%
Earnings CAGR	12%
Sales Growth YoY	19%
Sales Growth QoQ	9%
Sales CAGR	9%
FCF CAGR	11%
Equity CAGR	-6%
Earnings Stability	0.4
Earnings Growth YoY	96%
Earnings Growth QoQ	37%

Earnings CAGR 5Y	18%
Sales CAGR 5Y	13%
FCF CAGR 5Y	15%
Equity CAGR 5Y	56%
Earnings CAGR 3Y	-3%
Sales CAGR 3Y	-3%
FCF CAGR 3Y	25%
Equity CAGR 3Y	31%
Market Cap	$177.53B
Revenue	$38.96B
Assets	$55.15B
Total Debt	$14.63B
Cash	$7.85B
Shares Outstanding	1.11B
EV	184.32B
Earnings Score	31%
Moat Score	97%
Safety Score	63%
Final Score	64%
Working Capital	14.73B
Current Ratio	2.4
Gross Profit	$21.90B
Shares Growth 3y	-0%
Equity Growth QoQ	7%
Equity Growth YoY	22%

Assets & ROA

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Stockholders Equity & ROE

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Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones and chips into automotive and Internet of Things markets.

SEC Filings

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

2024
- 10-K Sep 29
- 10-Q Jun 23
- 10-Q Mar 24
2023
- 10-Q Dec 24
- 10-K Sep 24
- 10-Q Jun 25
- 10-Q Mar 26
2022
- 10-Q Dec 25
- 10-K Sep 25
- 10-Q Jun 26
- 10-Q Mar 27

Sector Comparison

How does Qualcomm Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 12%

Stability 40%

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Qualcomm Inc Discounted Cash Flow

Fully customizable DCF calculator online for Qualcomm Inc.

Years

Calculation mode

= $231B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$11B	$12B	$14B	$15B	$17B	$18B	$20B	$22B	$25B	$27B	$30B	$303B
DCF		$11B	$11B	$11B	$11B	$11B	$11B	$12B	$12B	$12B	$12B	$117B
Value	$231B

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Net Margins	21%	24%	11%	-21%	18%	22%	27%	29%	20%	26%	26%
ROA	-	13%	5%	2%	23%	18%	25%	32%	15%	19%	19%
ROE	-	18%	8%	-524%	89%	86%	91%	72%	34%	39%	39%

Good Net Margins (26.03%)

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	1.71	5.47	5.31	2.49	3.57	1.82	2.27	1.56	1.31	1.31
Debt over Equity	0.35	0.37	0.71	17.79	3.25	2.59	1.58	0.86	0.71	0.56	0.56
Growth Stability	-	-	-	-109%	100%	100%	100%	100%	80%	100%	-109%

Good Debt/FCF ratio (1.31)

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.

Good Debt/Equity ratio (0.56)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-109%)

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	09/2015	09/2016	09/2017	09/2018	09/2019	09/2020	09/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	-7%	-5%	2%	7%	-3%	43%	32%	-19%	9%	13%
Earnings YoY growth	-	8%	-57%	-297%	-190%	19%	74%	43%	-44%	40%	18%
Equity YoY growth	-	1%	-3%	-97%	429%	24%	64%	81%	20%	22%	56%
FCF YoY growth	-	52%	-42%	-22%	106%	-31%	96%	-21%	44%	13%	15%