Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Advanced Micro Devices Inc., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Advanced Micro Devices Inc. EBITDA increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Advanced Micro Devices Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 222,898) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 4,067) |
| Valuation Ratio | |
| EV/EBITDA | 54.81 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Analog Devices Inc. | 17.92 |
| Applied Materials Inc. | 16.34 |
| Broadcom Inc. | 38.79 |
| First Solar Inc. | 15.29 |
| Intel Corp. | 11.83 |
| KLA Corp. | 21.64 |
| Lam Research Corp. | 18.23 |
| Micron Technology Inc. | 11.87 |
| NVIDIA Corp. | 100.72 |
| Qualcomm Inc. | 14.47 |
| Texas Instruments Inc. | 20.65 |
| EV/EBITDA, Sector | |
| Semiconductors & Semiconductor Equipment | 63.61 |
| EV/EBITDA, Industry | |
| Information Technology | 36.39 |
Based on: 10-K (reporting date: 2023-12-30).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Advanced Micro Devices Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | Dec 28, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 267,646) | 123,541) | 140,717) | 101,774) | 56,823) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 4,067) | 5,460) | 4,116) | 1,639) | 688) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 65.81 | 22.63 | 34.19 | 62.10 | 82.59 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Analog Devices Inc. | 15.56 | 16.23 | 38.55 | 23.61 | 18.67 | |
| Applied Materials Inc. | 15.75 | 11.04 | 17.54 | 16.82 | 14.60 | |
| Broadcom Inc. | 26.42 | 13.54 | 19.72 | 18.89 | 16.32 | |
| First Solar Inc. | 11.52 | 53.82 | 7.64 | 12.99 | 32.49 | |
| Intel Corp. | 18.96 | 6.20 | 6.02 | 6.40 | 8.73 | |
| KLA Corp. | 15.67 | 14.97 | 19.26 | 18.10 | 14.14 | |
| Lam Research Corp. | 15.36 | 11.36 | 16.94 | 18.35 | 10.69 | |
| Micron Technology Inc. | 32.38 | 3.26 | 6.05 | 6.46 | 3.90 | |
| NVIDIA Corp. | 95.69 | 57.58 | 58.98 | 52.92 | 21.08 | |
| Qualcomm Inc. | 12.82 | 7.84 | 12.76 | 19.49 | 10.55 | |
| Texas Instruments Inc. | 16.36 | 14.69 | 15.54 | 21.75 | 17.73 | |
| EV/EBITDA, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 26.35 | 14.60 | 15.47 | 14.72 | 11.61 | |
| EV/EBITDA, Industry | ||||||
| Information Technology | 23.65 | 18.58 | 20.64 | 19.71 | 14.59 | |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 267,646 ÷ 4,067 = 65.81
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Advanced Micro Devices Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |