Valuation Snapshot
| Winsorized Range | $137.38 — $219.80 |
| Winsorized Average | $179.19 |
| Upside to Live Price | -5.01% |
| Full Median Range | $152.36 — $227.86 |
| Full Median Average | $186.16 |
| Upside to Live Price | -1.31% |
| Live Price | $188.63 |
| Industry | Semiconductors |
| Peers in Table | 15 |
Industry Peers
| Ticker | Rank | Name | Rev TTM (M) | Trailing P/E | Forward P/E | Trailing EV/EBITDA | Forward EV/EBITDA | Trailing EV/EBIT | Forward EV/EBIT |
|---|---|---|---|---|---|---|---|---|---|
| NVDA | 1 | NVIDIA Corporation | 215,938 | 37.75 | 25.16 | 31.36 | 20.90 | 34.76 | 23.18 |
| AVGO | 2 | Broadcom Inc. | 68,282 | 62.86 | 43.48 | 44.25 | 35.50 | 58.36 | 41.64 |
| 0YXG.L | 3 | Broadcom Inc. | 63,887 | 75.89 | 50.59 | 52.17 | 41.59 | 68.42 | 47.49 |
| 1YD.DE | 4 | Broadcom Inc. | 63,887 | 75.48 | 50.32 | 55.76 | 45.09 | 69.99 | 48.30 |
| QCI.DE | 5 | QUALCOMM Incorporated | 44,867 | 34.70 | 36.31 | 13.09 | 11.95 | 15.93 | 14.56 |
| QCOM | 6 | QUALCOMM Incorporated | 44,867 | 34.59 | 36.19 | 14.06 | 12.96 | 15.88 | 14.51 |
| MU | 7 | Micron Technology, In… | 42,312 | 21.75 | 16.51 | 11.71 | 9.81 | 18.98 | 14.29 |
| 3036.TW | 8 | WT Microelectronics C… | 38,021 | 11.95 | 9.39 | 8.62 | 6.65 | 9.70 | 7.46 |
| ASME.DE | 9 | ASML Holding N.V. | 37,672 | 37.77 | 31.07 | 28.40 | 23.30 | 31.19 | 25.49 |
| AMAT | 10 | Applied Materials, In… | 28,214 | 32.32 | 28.04 | 25.62 | 22.38 | 30.85 | 27.48 |
| LRCX | 11 | Lam Research Corporat… | 20,561 | 35.65 | 30.75 | 29.31 | 25.53 | 31.67 | 27.49 |
| 2454.TW | 12 | MediaTek Inc. | 19,209 | 21.43 | 17.99 | 14.30 | 12.09 | 19.78 | 16.85 |
| 0R2H.L | 13 | Texas Instruments Inc… | 17,682 | 31.53 | 32.25 | 20.59 | 20.03 | 28.20 | 28.08 |
| 8035.T | 14 | Tokyo Electron Limited | 15,964 | 29.84 | 26.97 | 20.49 | 18.59 | 24.35 | 22.36 |
| KLA.DE | 15 | KLA Corporation | 12,745 | 36.35 | 28.57 | 29.29 | 23.72 | 31.01 | 25.33 |
| KLAC | 16 | KLA Corporation | 12,745 | 35.35 | 27.79 | 28.50 | 23.08 | 30.18 | 24.65 |
Implied Valuation Analysis
| Line Item | Trailing P/E | Forward P/E | Trailing EV/EBITDA | Forward EV/EBITDA | Trailing EV/EBIT | Forward EV/EBIT |
|---|---|---|---|---|---|---|
| Winsorized Median Multiple | 34.65 | 29.66 | 23.10 | 21.20 | 29.19 | 24.99 |
| Full Median Multiple | 34.70 | 30.75 | 25.62 | 22.38 | 30.18 | 25.33 |
| Industry Average Multiple | 38.50 | 31.08 | 26.41 | 22.15 | 32.30 | 25.73 |
| Market Implied Multiple | 37.75 | 25.16 | 31.36 | 20.90 | 34.76 | 23.18 |
| NVDA Multiple | 37.75 | 25.16 | 31.36 | 20.90 | 34.76 | 23.18 |
| (*) Net Income / EBITDA / EBIT (M) | 120,067 | 180,101 | 144,552 | 216,828 | 130,387 | 195,581 |
| Winsorized Enterprise Value (M) | N/A | N/A | 3,339,700 | 4,597,631 | 3,806,166 | 4,887,730 |
| Full Median Enterprise Value (M) | N/A | N/A | 3,703,780 | 4,852,046 | 3,934,990 | 4,954,449 |
| (-) Net Debt (M) | 807 | 807 | 807 | 807 | 807 | 807 |
| Winsorized Equity Value (M) | 4,159,870 | 5,342,043 | 3,338,893 | 4,596,824 | 3,805,359 | 4,886,923 |
| Full Median Equity Value (M) | 4,166,740 | 5,537,842 | 3,702,973 | 4,851,239 | 3,934,183 | 4,953,642 |
| (/) Shares Outstanding (M) | 24,304 | 24,304 | 24,304 | 24,304 | 24,304 | 24,304 |
| Winsorized Fair Value | $171.16 | $219.80 | $137.38 | $189.14 | $156.57 | $201.07 |
| Full Median Fair Value | $171.44 | $227.86 | $152.36 | $199.61 | $161.87 | $203.82 |
| Current Price | $188.63 | $188.63 | $188.63 | $188.63 | $188.63 | $188.63 |
| Upside / Downside (Winsorized) | -9.26% | 16.52% | -27.17% | 0.27% | -16.99% | 6.60% |
| Safety Margin | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% | 30.0% |
| Buy Price (70% of Winsorized Fair) | $119.81 | $153.86 | $96.17 | $132.40 | $109.60 | $140.75 |
| Action | WAIT | WAIT | WAIT | WAIT | WAIT | WAIT |