Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Price to FCFE (P/FCFE)

Microsoft Excel LibreOffice Calc

Free Cash Flow to Equity (FCFE)

Advanced Micro Devices Inc., FCFE calculation

US$ in millions

Microsoft Excel LibreOffice Calc
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 
Net noncash charges 1,133  (488) 694  424  289 
Changes in operating assets and liabilities (774) (931) (542) (727) (264)
Net cash provided by operating activities 3,521  1,071  493  34  68 
Purchases of property and equipment (301) (294) (217) (163) (113)
Proceeds from short-term borrowings —  200  —  —  70 
Repayments and extinguishment of debt —  (200) (473) (41) (110)
Free cash flow to equity (FCFE) 3,220  777  (197) (170) (85)

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
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 increased from 2019 to 2020 and from 2020 to 2021.

Price to FCFE Ratio, Current

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

Microsoft Excel LibreOffice Calc
No. shares of common stock outstanding 1,614,320,900
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 3,220 
FCFE per share 1.99
Current share price (P) 103.91
Valuation Ratio
P/FCFE 52.09
Benchmarks
P/FCFE, Competitors1
Analog Devices Inc. 33.15
Applied Materials Inc. 20.24
Broadcom Inc. 19.02
Intel Corp. 10.58
Lam Research Corp. 31.04
Micron Technology Inc. 33.97
NVIDIA Corp. 39.67
NXP Semiconductors N.V. 9.51
ON Semiconductor Corp. 44.71
Qualcomm Inc. 19.61
Texas Instruments Inc. 23.34
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 24.54
P/FCFE, Industry
Information Technology 27.62

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

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 LibreOffice Calc
Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
No. shares of common stock outstanding1 1,199,303,422 1,211,280,009 1,169,661,536 1,005,298,882 969,110,191
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 3,220  777  (197) (170) (85)
FCFE per share3 2.68 0.64 -0.17 -0.17 -0.09
Share price1, 4 120.08 85.64 49.45 23.05 12.53
Valuation Ratio
P/FCFE5 44.72 133.51
Benchmarks
P/FCFE, Competitors6
Analog Devices Inc. 34.23 33.98 37.52 50.53 4.66
Applied Materials Inc. 27.20 23.21 19.53 10.21 10.60
Broadcom Inc. 22.34 9.15 5.62 13.28 11.06
Intel Corp. 14.25 8.57 16.55 18.81 21.34
Lam Research Corp. 34.58 16.89 6.14 14.02 141.80
Micron Technology Inc. 37.24 81.71 13.92 11.22
NVIDIA Corp. 35.20 44.23 30.19 69.82 21.54
NXP Semiconductors N.V. 9.88 23.11 18.40 6.26
ON Semiconductor Corp. 38.47 50.56 9.02 18.03
Qualcomm Inc. 17.93 34.91 16.39 5.55
Texas Instruments Inc. 21.87 24.10 18.77 14.27 19.88
P/FCFE, Sector
Semiconductors & Semiconductor Equipment 23.83 17.92 14.26 23.56 13.70
P/FCFE, Industry
Information Technology 27.51 24.27 20.21 21.78 12.26

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 Data adjusted for splits and stock dividends.

2 See details »

3 2021 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 3,220,000,000 ÷ 1,199,303,422 = 2.68

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

5 2021 Calculation
P/FCFE = Share price ÷ FCFE per share
= 120.08 ÷ 2.68 = 44.72

6 Click competitor name to see calculations.