AVGO logo
Broadcom Inc.
AVGO
306.34 (-0.40%) 1.22
1.44(T)
Information Technology
Semiconductors and Semiconductor Equipment
Broadcom Inc. designs develops and supplies various semiconductor devices and infrastructure software solutions worldwide. The company operates in two segments Semiconductor Solutions and Infrastructure Software. It provides Ethernet switching and routing custom silicon solutions optical and copper physical layer devices and fiber optic transmitter and receiver components; set-top box system-on-chips (SoCs) data over cable service interface specifications cable modem and networking infrastructure DSL access multiplexer/PON optical line termination products and Wi-Fi access point SoCs as well as digital subscriber line (DSL)/cable passive optical networking (PON) gateways; and fiber optic components and mobile device connectivity solutions. The company also offers RF front end modules and filters; Wi-Fi Bluetooth and global positioning system/global navigation satellite system SoCs; custom touch controllers; inductive charging application specific integrated circuits; serial attached small computer system interface and redundant array of independent disks controllers and adapters peripheral component interconnect express switches fiber channel host bus adapters read channel based SoCs custom flash controllers and preamplifiers; and optocouplers industrial fiber optics industrial and medical sensors motion control encoders and subsystems light emitting diodes ethernet PHYs switch ICs and camera microcontrollers. Its products are used in various applications in enterprise and data center networking including artificial intelligence networking and connectivity home connectivity set-top boxes broadband access telecommunication equipment smartphones and base stations data center servers and storage systems factory automation power generation and alternative energy systems and electronic displays. Broadcom Inc. was founded in 1961 and is headquartered in Palo Alto California.
My Holdings:
(?% ownership)
Shares:
Cost basis:
Market cap:$1.44(T)
EV:$1.50(T)
Total Equity:$69.59(B)
Div. yield:0.75%
Earnings date:Sep-04-2025
P/E:110.99
P/E (fwd):45.93
P/FCF:63.42
P/S:25.15
P/B:20.70
EPS:$2.8
EPS (fwd):$6.7
FCF/share:$4.8
Dividend/share:$2.3
Book value/share:$14.8
ROIC:9.2%
ROA:7.6%
ROE:18.5%
Gross margin:77.0%
Net margin:22.6%

AVGO Valuation & Price Targets

Current Price
$306
Day change: -0.40%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A

More Valuation Methods

DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
Future P/E
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

13% overvalued
Low
$199
Mid
$265
High
$331
Current price
$306
Fair P/E
Margin of safety
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Very wide

EPS Estimates

LowAvgHigh#
FY+16.56.77.041
FY+27.58.29.642
FY+38.910.012.521
FY+411.612.313.63
FY+515.415.415.41
EPS

Analyst Price Targets

2% overvalued
Low
$210
Mid
$300
High
$400
Current price
$306

Analyst Recommendations

Strong Buy6
Buy33
Hold2
Sell0
Strong Sell1

EPS Estimates

LowAvgHigh#
FY+16.56.77.041
FY+27.58.29.642
FY+38.910.012.521
FY+411.612.313.63
FY+515.415.415.41

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
Terminal Growth Rate
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Future P/E Valuation

Projection Years
Base Revenue
Revenue Growth Rate
Final Net Margin
Final P/E Ratio
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

Summary

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$57.05(B)
Gross profit$43.95(B)
EBITDA$31.11(B)
Net income$12.92(B)
Gross margin77.0%
Operating margin37.5%
Net margin22.6%
Shares outstanding:4.70(B)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$164.63(B)
Current assets$22.18(B)
Total liabilities$95.04(B)
Current liabilities$20.60(B)
Cash & Short-term inv.$9.47(B)
Long-term debt$61.74(B)
Total intangibles$134.19(B)
PP&E$2.46(B)

Cash flow (TTM)

CFOCFICFF
FCF$22.70(B)
CapEx$-538.00(M)
Dividends paid$-10.49(B)
Stock issued$244.00(M)
Stock repurchased$-8.81(B)
Stock-based comp.$5.75(B)
Debt issued$17.54(B)
Debt repaid$-24.76(B)

Per share data (TTM)

Price: $306
Revenue: $12.2 (25.2x | 4.0%) Gross profit: $9.34 (32.8x | 3.0%) Earnings: $2.76 (111.0x | 0.9%)
FCF: $4.83 (63.4x | 1.6%) Stock-based Comp.: $1.22 (250.5x | 0.4%) Dividend: $2.30 (133.2x | 0.8%)
Total Assets: $35.0 (8.8x | 11.4%) Total Liabilities: $20.2 (15.2x | 6.6%) Book Value: $14.8 (20.7x | 4.8%) Cash & ST inv.: $2.01 (152.1x | 0.7%) Debt: $13.1 (23.3x | 4.3%)

Growth Estimates

Revenue

CAGR: 19.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$62.88(B)
FY+2(+20.5%)$75.77(B)
FY+3(+16.6%)$88.37(B)
FY+4(+23.3%)$108.98(B)
FY+5(+16.8%)$127.34(B)

Net Income

CAGR: 21.2%
FY+1FY+2FY+3FY+4FY+5
FY+1$32.68(B)
FY+2(+23.3%)$40.28(B)
FY+3(+19.3%)$48.06(B)
FY+4(+31.3%)$63.09(B)
FY+5(+11.7%)$70.50(B)

EPS

CAGR: 23.3%
FY+1FY+2FY+3FY+4FY+5
FY+1$6.67
FY+2(+23.5%)$8.24
FY+3(+21.4%)$10.00
FY+4(+23.0%)$12.30
FY+5(+25.5%)$15.44

FCF per share

CAGR: 21.5%
FY+1FY+2FY+3FY+4
FY+1$7.04
FY+2(+31.7%)$9.27
FY+3(+30.4%)$12.09
FY+4(+4.5%)$12.63

Historical Financials

Showing limited histrical data.
YearlyQuarterly
Income
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.010.0(B)20.0(B)30.0(B)40.0(B)50.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.05.0(B)10.0(B)15.0(B)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.050.0(B)100.0(B)150.0(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.02.03.04.0
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.020.040.060.080.0100.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%10%20%30%40%50%60%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240%5%10%15%20%
ROIC ROAROCEROE
Shares outstanding
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.01.0(B)2.0(B)3.0(B)4.0(B)
Shares (Basic)Shares (Diluted)
Market Cap.
FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY20240.0200.0(B)400.0(B)600.0(B)
Market Cap.

KPIs

Revenue By Segment
9/202212/20223/20236/20239/202312/20233/20246/20249/202412/2024
Infrastructure Software Intellectual Property Licensing Semiconductor Solutions

Similar Companies

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 2.02%
Institutions: 79.56%
Other: 18.43%

Institutional ownership

10.28% Vanguard Group Inc8.01% Blackrock Inc.3.92% State Street Corporati...3.48% Capital International ...3.30% Capital World Investor...2.31% Geode Capital Manageme...2.17% FMR, LLC2.00% JPMORGAN CHASE & CO1.90% Capital Research Globa...1.63% Morgan Stanley40.56% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $462.11(M).

Congress members have bought between $1.23(M) - $5.88(M) worth of the company's stock, and sold between $256030 - $990000.

Insider transactions

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$219440
$0.00

2025-06

$229.71(M)
$0.00

2025-05

$184152
$0.00

2025-04

$148000
$0.00

2025-03

$126.42(M)
$0.00

2025-02

$0.00
$0.00

2025-01

$21.49(M)
$0.00

2024-12

$23.47(M)
$0.00

2024-11

$0.00
$0.00

2024-10

$21.99(M)
$0.00

2024-09

$38.48(M)
$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-07-14800219,440274.3PAGE JUSTINE F.Director
Grant2025-07-0949,67000.0SAMUELI HENRYDirector
Sell2025-06-2640,00010,731,720268.3TAN HOCK EChief Executive Officer
Sell2025-06-263,000795,390265.1DELLY GAYLA JDirector
Sell2025-06-25473,898125,737,538265.3SAMUELI HENRYDirector
Grant2025-06-259,45000.0BRAZEAL MARK DAVIDOfficer
Grant2025-06-25192,02400.0SAMUELI HENRYDirector
Sell2025-06-2440,00010,486,920262.2TAN HOCK EChief Executive Officer
Sell2025-06-2436,3509,497,128261.3SPEARS KIRSTEN MARGRETAChief Financial Officer
Sell2025-06-2450,00013,105,050262.1BRAZEAL MARK DAVIDOfficer
Sell2025-06-2350,00012,664,250253.3BRAZEAL MARK DAVIDOfficer
Grant2025-06-23190,00000.0TAN HOCK EChief Executive Officer
Sell2025-06-1856,31014,175,986251.7SPEARS KIRSTEN MARGRETAChief Financial Officer
Sell2025-06-16800200,280250.3PAGE JUSTINE F.Director
Sell2025-06-12117,75829,782,176252.9TAN HOCK EChief Executive Officer
Sell2025-06-1110,0002,528,810252.9KAWWAS CHARLIE BOfficer
Sell2025-05-14800184,152230.2PAGE JUSTINE F.Director
Grant2025-04-211,60200.0BRYANT DIANE MDirector
Grant2025-04-211,60200.0LOW CHECK KIANDirector
Grant2025-04-211,60200.0PAGE JUSTINE F.Director
Grant2025-04-211,60200.0SAMUELI HENRYDirector
Grant2025-04-211,60200.0HARTENSTEIN EDDY W.Director
Grant2025-04-211,60200.0DELLY GAYLA JDirector
Grant2025-04-211,60200.0HAO KENNETH YDirector
Grant2025-04-211,60200.0YOU HARRY LDirector
Sell2025-04-14800148,000185.0PAGE JUSTINE F.Director
Sell2025-03-26663,976120,576,863181.6SAMUELI HENRYDirector
Grant2025-03-26136,24800.0SAMUELI HENRYDirector
Sell2025-03-2430,0005,839,500194.7BRAZEAL MARK DAVIDOfficer
Grant2025-03-1460,00000.0SPEARS KIRSTEN MARGRETAChief Financial Officer
Grant2025-03-1460,00000.0BRAZEAL MARK DAVIDOfficer
Grant2025-03-04118,76000.0SPEARS KIRSTEN MARGRETAChief Financial Officer
Grant2025-03-04262,50000.0BRAZEAL MARK DAVIDOfficer
Grant2025-03-04150,00000.0KAWWAS CHARLIE BOfficer
Sell2025-01-084,000918,548229.6HARTENSTEIN EDDY W.Director
Sell2025-01-0648,00011,296,800235.3LOW CHECK KIANDirector
Sell2025-01-0240,0009,279,200232.0KAWWAS CHARLIE BOfficer
Sell2024-12-2445,00010,798,200240.0TAN HOCK EChief Executive Officer
Sell2024-12-2420,1684,815,937238.8BRAZEAL MARK DAVIDOfficer
Grant2024-12-24130,00000.0TAN HOCK EChief Executive Officer
Sell2024-12-2315,0003,400,200226.7BRYANT DIANE MDirector
Sell2024-12-2012,5702,886,323229.6SPEARS KIRSTEN MARGRETAChief Financial Officer
Sell2024-12-176,5401,569,626240.0YOU HARRY LDirector
Grant2024-12-171,00000.0PAGE JUSTINE F.Director
Grant2024-12-16137,79500.0SAMUELI HENRYDirector
Grant2024-11-061,477,11000.0TAN HOCK EChief Executive Officer
Sell2024-10-1115,9502,894,048181.4KAWWAS CHARLIE BOfficer
Sell2024-10-1118,9003,429,405181.4BRAZEAL MARK DAVIDOfficer
Sell2024-10-0918,9003,456,338182.9BRAZEAL MARK DAVIDOfficer
Sell2024-10-0720,2803,591,547177.1BRAZEAL MARK DAVIDOfficer
Sell2024-10-0440,0006,943,980173.6TAN HOCK EChief Executive Officer
Sell2024-10-0110,0001,671,410167.1TAN HOCK EChief Executive Officer
Sell2024-09-25750130,898174.5DELLY GAYLA JDirector
Grant2024-09-25142,98800.0SAMUELI HENRYDirector
Sell2024-09-24150,00025,941,000172.9TAN HOCK EChief Executive Officer
Sell2024-09-1925,2004,240,505168.3KAWWAS CHARLIE BOfficer
Sell2024-09-1750,0008,168,550163.4TAN HOCK EChief Executive Officer

Congressional trading

2025-09

$0.00
$0.00

2025-08

$0.00
$0.00

2025-07

$0.00
$40501

2025-06

$175001
$3.04(M)

2025-05

$32501
$48502

2025-04

$263006
$48502

2025-03

$72503
$64503

2025-02

$0.00
$183001

2025-01

$40003
$91002

2024-12

$0.00
$8001

2024-11

$0.00
$24002

2024-10

$8001
$0.00

2024-09

$32002
$0.00
DatePoliticianPartyChamberAmount ($)
Buy2025-07-05Michael T. McCaulRHouse$1,001 - $15,000
Buy2025-07-05Michael T. McCaulRHouse$15,001 - $50,000
Sell2025-06-27Michael T. McCaulRHouse$100,001 - $250,000
Buy2025-06-25Josh GottheimerDHouse$1,001 - $15,000
Buy2025-06-20Ro KhannaDHouse$1,001 - $15,000
Buy2025-06-20Nancy PelosiDHouse$1,000,001 - $5,000,000
Buy2025-06-11John BoozmanRSenate$1,001 - $15,000
Buy2025-06-11Rob BresnahanRHouse$1,001 - $15,000
Buy2025-06-06Ro KhannaDHouse$1,001 - $15,000
Buy2025-05-28Ro KhannaDHouse$1,001 - $15,000
Buy2025-05-16Ro KhannaDHouse$15,001 - $50,000
Buy2025-05-14David J. TaylorRHouse$1,001 - $15,000
Sell2025-05-12Jefferson ShreveRHouse$15,001 - $50,000
Sell2025-04-23Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-23Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-17Jefferson ShreveRHouse$100,001 - $250,000
Buy2025-04-11Kelly Louise MorrisonDHouse$15,001 - $50,000
Buy2025-04-11Kelly Louise MorrisonDHouse$1,001 - $15,000
Sell2025-04-11Dan NewhouseRHouse$1,001 - $15,000
Sell2025-04-10Ro KhannaDHouse$1,001 - $15,000
Buy2025-04-08John BoozmanRSenate$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-04Ro KhannaDHouse$1,001 - $15,000
Sell2025-04-03Rob BresnahanRHouse$1,001 - $15,000
Sell2025-03-31Rob BresnahanRHouse$1,001 - $15,000
Buy2025-03-21Kelly Louise MorrisonDHouse$1,001 - $15,000
Buy2025-03-21Kelly Louise MorrisonDHouse$1,001 - $15,000
Buy2025-03-20Byron DonaldsRHouse$1,001 - $15,000
Buy2025-03-20Byron DonaldsRHouse$1,001 - $15,000
Sell2025-03-20Bruce WestermanRHouse$1,001 - $15,000
Sell2025-03-19Josh GottheimerDHouse$1,001 - $15,000
Buy2025-03-13Jefferson ShreveRHouse$15,001 - $50,000
Sell2025-03-11Rob BresnahanRHouse$1,001 - $15,000
Sell2025-03-11Jared MoskowitzDHouse$15,001 - $50,000
Sell2025-03-10Jared MoskowitzDHouse$1,001 - $15,000
Buy2025-02-24Jefferson ShreveRHouse$100,001 - $250,000
Buy2025-02-06Josh GottheimerDHouse$1,001 - $15,000
Buy2025-01-30Michael T. McCaulRHouse$50,001 - $100,000
Sell2025-01-30Gilbert Ray Cisneros, Jr.DHouse$1,001 - $15,000
Buy2025-01-29Gilbert Ray Cisneros, Jr.DHouse$1,001 - $15,000
Sell2025-01-29Josh GottheimerDHouse$1,001 - $15,000
Sell2025-01-28Rob BresnahanRHouse$1,001 - $15,000
Sell2025-01-28Josh GottheimerDHouse$1,001 - $15,000
Sell2025-01-15Julie JohnsonDHouse$1,001 - $15,000
Buy2025-01-02James ComerRHouse$1,001 - $15,000
Buy2024-12-12Shelley Moore CapitoRSenate$1,001 - $15,000
Buy2024-11-21Ro KhannaDHouse$1,001 - $15,000
Buy2024-11-08Jared MoskowitzDHouse$1,001 - $15,000
Buy2024-11-08Jared MoskowitzDHouse$1,001 - $15,000
Sell2024-10-03Josh GottheimerDHouse$1,001 - $15,000
Sell2024-09-12Josh GottheimerDHouse$1,001 - $15,000
Sell2024-09-11Josh GottheimerDHouse$1,001 - $15,000
Sell2024-09-09Josh GottheimerDHouse$1,001 - $15,000
Sell2024-09-04John JamesRHouse$1,001 - $15,000
Buy2024-08-27Shelley Moore CapitoRSenate$1,001 - $15,000

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