Stock Analysis on Net
Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Price to FCFE (P/FCFE)

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Free Cash Flow to Equity (FCFE)

Advanced Micro Devices Inc., FCFE calculation

US$ in millions

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12 months ended: Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Net income 1,641 854 1,320 3,162 2,490
Net noncash charges 3,498 3,862 4,091 1,133 (488)
Changes in operating assets and liabilities (2,098) (3,049) (1,846) (774) (931)
Net cash provided by operating activities 3,041 1,667 3,565 3,521 1,071
Purchases of property and equipment (636) (546) (450) (301) (294)
Proceeds from debt, net of issuance costs — — 991 — 200
Repayment of debt (750) — (312) — (200)
Free cash flow to equity (FCFE) 1,655 1,121 3,794 3,220 777

Based on: 10-K (reporting date: 2024-12-28), 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).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Advanced Micro Devices Inc. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Advanced Micro Devices Inc. FCFE decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Price to FCFE Ratio, Current

Advanced Micro Devices Inc., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 1,620,477,962
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 1,655
FCFE per share 1.02
Current share price (P) 114.17
Valuation Ratio
P/FCFE 111.79
Benchmarks
P/FCFE, Competitors1
Analog Devices Inc. 32.59
Applied Materials Inc. 17.72
Broadcom Inc. 26.73
Intel Corp. —
KLA Corp. 27.44
Lam Research Corp. 28.57
Micron Technology Inc. —
Monolithic Power Systems Inc. 57.95
NVIDIA Corp. 133.15
Qualcomm Inc. 18.57
Texas Instruments Inc. 47.88
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 119.87
P/FCFE, Industry
Information Technology 53.76

Based on: 10-K (reporting date: 2024-12-28).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Advanced Micro Devices Inc., historical P/FCFE calculation, comparison to benchmarks

Microsoft Excel
Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
No. shares of common stock outstanding1 1,620,477,962 1,615,786,841 1,611,388,217 1,199,303,422 1,211,280,009
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 1,655 1,121 3,794 3,220 777
FCFE per share3 1.02 0.69 2.35 2.68 0.64
Share price1, 4 112.01 167.69 78.77 120.08 85.64
Valuation Ratio
P/FCFE5 109.67 241.70 33.46 44.72 133.51
Benchmarks
P/FCFE, Competitors6
Analog Devices Inc. 29.30 22.28 24.14 34.67 33.98
Applied Materials Inc. 17.05 17.53 19.17 27.20 23.21
Broadcom Inc. 26.03 30.06 14.62 22.35 9.16
Intel Corp. — — — 14.25 8.57
KLA Corp. 25.11 26.78 9.01 28.05 19.15
Lam Research Corp. 25.89 18.67 24.95 34.58 16.89
Micron Technology Inc. — — 18.66 37.24 81.71
Monolithic Power Systems Inc. — 60.34 121.66 95.13 83.64
NVIDIA Corp. 65.45 151.07 54.83 35.22 44.24
Qualcomm Inc. 18.57 11.97 19.13 17.93 34.91
Texas Instruments Inc. 42.96 37.61 23.88 21.87 24.10
P/FCFE, Sector
Semiconductors & Semiconductor Equipment — 47.70 29.30 25.10 17.84
P/FCFE, Industry
Information Technology — 33.30 26.87 27.27 23.30

Based on: 10-K (reporting date: 2024-12-28), 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).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 1,655,000,000 ÷ 1,620,477,962 = 1.02

4 Closing price as at the filing date of Advanced Micro Devices Inc. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 112.01 ÷ 1.02 = 109.67

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Advanced Micro Devices Inc. P/FCFE ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.