Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD) 

Enterprise Value to EBITDA (EV/EBITDA)

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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Advanced Micro Devices Inc., EBITDA calculation

US$ in millions

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12 months ended: Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Net income 3,162  2,490  341  337  43 
Add: Income tax expense 513  (1,210) 31  (9) 19 
Earnings before tax (EBT) 3,675  1,280  372  328  62 
Add: Interest expense 34  47  94  121  126 
Earnings before interest and tax (EBIT) 3,709  1,327  466  449  188 
Add: Depreciation and amortization 407  312  222  170  144 
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,116  1,639  688  619  332 

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

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 2019 to 2020 and from 2020 to 2021.

Enterprise Value to EBITDA Ratio, Current

Advanced Micro Devices Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in millions)
Enterprise value (EV) 144,431 
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,116 
Valuation Ratio
EV/EBITDA 35.09
Benchmarks
EV/EBITDA, Competitors1
Analog Devices Inc. 34.36
Applied Materials Inc. 12.72
Broadcom Inc. 16.44
Intel Corp. 5.28
Lam Research Corp. 13.22
Micron Technology Inc. 5.73
NVIDIA Corp. 34.82
Qualcomm Inc. 11.86
Texas Instruments Inc. 15.19
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 14.62
EV/EBITDA, Industry
Information Technology 18.51

Based on: 10-K (reporting date: 2021-12-25).

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

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Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 140,717  101,774  56,823  23,266  12,353 
Earnings before interest, tax, depreciation and amortization (EBITDA)2 4,116  1,639  688  619  332 
Valuation Ratio
EV/EBITDA3 34.19 62.10 82.59 37.59 37.21
Benchmarks
EV/EBITDA, Competitors4
Analog Devices Inc. 38.55 23.61 18.67 14.37 23.74
Applied Materials Inc. 17.54 16.82 14.60 6.24 12.35
Broadcom Inc. 19.72 18.89 16.32 12.21 16.58
Intel Corp. 6.02 6.40 8.73 7.11 7.74
Lam Research Corp. 16.67 17.76 10.07 7.08 10.14
Micron Technology Inc. 6.05 6.46 3.90 2.41 5.52
NVIDIA Corp. 58.96 52.90 21.10 40.89 26.30
Qualcomm Inc. 12.76 19.49 10.55 28.47 12.74
Texas Instruments Inc. 15.54 21.75 17.73 13.08 14.42
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment 15.41 14.63 11.52 9.54 10.87
EV/EBITDA, Industry
Information Technology 20.56 20.64 15.56 13.28 13.33

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

1 See details »

2 See details »

3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 140,717 ÷ 4,116 = 34.19

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 2019 to 2020 and from 2020 to 2021.