Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

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Free Cash Flow to The Firm (FCFF)

Qualcomm Inc., FCFF calculation

US$ in millions

Microsoft Excel
12 months ended: Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Net income (loss)
Net noncash charges
Changes in assets and liabilities
Net cash provided by operating activities
Cash interest paid related to commercial paper program and long-term debt, net of tax1
Capital expenditures
Proceeds from sales of property, plant and equipment
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Qualcomm Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Qualcomm Inc. FCFF decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Interest Paid, Net of Tax

Qualcomm Inc., interest paid, net of tax calculation

US$ in millions

Microsoft Excel
12 months ended: Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Cash interest paid related to commercial paper program and long-term debt, before tax
Less: Cash interest paid related to commercial paper program and long-term debt, tax2
Cash interest paid related to commercial paper program and long-term debt, net of tax

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 See details »

2 2023 Calculation
Cash interest paid related to commercial paper program and long-term debt, tax = Cash interest paid related to commercial paper program and long-term debt × EITR
= × =


Enterprise Value to FCFF Ratio, Current

Qualcomm Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
NVIDIA Corp.
ON Semiconductor Corp.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-09-24).

1 Click competitor name to see calculations.

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


Enterprise Value to FCFF Ratio, Historical

Qualcomm Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Sep 24, 2023 Sep 25, 2022 Sep 26, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
Micron Technology Inc.
NVIDIA Corp.
ON Semiconductor Corp.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 See details »

2 See details »

3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/FCFF Enterprise value to free cash flow to the firm is whole company valuation indicator. Qualcomm Inc. EV/FCFF ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.