Calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | 7.70 | = | 191.42 | ÷ | 24.86 | 24.86 | = | 6,528 | ÷ | 262,538,156 | |
| Feb 25, 2021 | 5.53 | = | 178.52 | ÷ | 32.29 | 32.29 | = | 8,944 | ÷ | 277,008,199 | |
| Feb 27, 2020 | 3.40 | = | 114.64 | ÷ | 33.75 | 33.75 | = | 9,441 | ÷ | 279,750,659 | |
| Mar 1, 2019 | 2.63 | = | 94.25 | ÷ | 35.88 | 35.88 | = | 10,505 | ÷ | 292,789,698 | |
| Apr 11, 2018 | 2.94 | = | 115.88 | ÷ | 39.45 | 39.45 | = | 13,527 | ÷ | 342,924,392 | |
| Mar 3, 2017 | 3.19 | = | 103.86 | ÷ | 32.60 | 32.60 | = | 10,935 | ÷ | 335,392,882 | |
| Feb 26, 2016 | 2.15 | = | 72.23 | ÷ | 33.67 | 33.67 | = | 11,515 | ÷ | 342,003,880 | |
| Mar 6, 2015 | 42.57 | = | 98.48 | ÷ | 2.31 | 2.31 | = | 538 | ÷ | 232,580,046 | |
| Feb 28, 2014 | 10.70 | = | 56.23 | ÷ | 5.25 | 5.25 | = | 1,301 | ÷ | 247,580,667 | |
| Mar 1, 2013 | 7.64 | = | 32.19 | ÷ | 4.21 | 4.21 | = | 1,049 | ÷ | 249,025,500 | |
| Mar 13, 2012 | 5.38 | = | 24.87 | ÷ | 4.62 | 4.62 | = | 1,145 | ÷ | 247,836,356 | |
| Mar 9, 2011 | 7.06 | = | 27.78 | ÷ | 3.93 | 3.93 | = | 986 | ÷ | 250,751,500 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of NXP Semiconductors N.V. Annual Report.
The analysis of valuation metrics from 2011 to 2022 reveals a period of significant volatility in book value, juxtaposed with a consistent long-term appreciation in market price.
- Market Price Appreciation
- The share price exhibited a strong upward trend over the observed period, rising from 27.78 US$ in 2011 to 191.42 US$ by 2022. This growth reflects a substantial increase in the market valuation of the entity, with particularly sharp accelerations observed between 2014 and 2015, as well as between 2020 and 2022.
- Book Value per Share Fluctuations
- Book value per share demonstrated instability during the mid-period. After a gradual increase from 3.93 US$ in 2011 to 5.25 US$ in 2014, a sharp contraction occurred in 2015, reaching a low of 2.31 US$. A significant correction followed in 2016, where the value surged to 33.67 US$, before entering a period of gradual decline to 24.86 US$ by 2022.
- Price to Book Value (P/BV) Ratio Trends
- The P/BV ratio experienced extreme variance. A peak of 42.57 was reached in 2015, which was a direct result of the coinciding minimum in book value per share. Following this anomaly, the ratio corrected sharply to 2.15 in 2016. Between 2016 and 2019, the ratio remained relatively stable, fluctuating between 2.15 and 3.19. However, a renewed expansion began in 2020, with the ratio climbing steadily to 7.70 by 2022, indicating that the market price expanded at a significantly faster rate than the underlying book value during the final three years of the period.
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Comparison to Competitors
| NXP Semiconductors N.V. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | 7.70 | 19.21 | 2.50 | 10.60 | 10.50 | 2.21 | 15.98 | 13.64 | 3.84 | 1.79 | 20.14 | 15.59 | 11.87 |
| Feb 25, 2021 | 5.53 | 17.77 | 4.22 | 7.63 | 7.40 | 2.84 | 11.83 | 10.55 | 1.45 | 1.50 | 15.49 | 24.00 | 17.02 |
| Feb 27, 2020 | 3.40 | 20.46 | 3.61 | 6.67 | 5.09 | 3.78 | 8.15 | 6.40 | 1.75 | 1.40 | 10.09 | 19.69 | 13.79 |
| Mar 1, 2019 | 2.63 | 18.30 | 3.02 | 4.73 | 3.74 | 2.94 | 11.40 | 4.28 | 2.52 | 1.49 | 19.60 | 82.57 | 11.20 |
| Apr 11, 2018 | 2.94 | 19.87 | 3.22 | 5.94 | 5.28 | 3.08 | 10.50 | 3.82 | 1.96 | 2.51 | 10.51 | 2.56 | 9.89 |
| Mar 3, 2017 | 3.19 | 31.66 | 4.35 | 4.93 | 3.84 | 2.60 | 17.57 | 2.45 | 1.39 | 1.48 | 3.98 | 3.12 | 7.36 |
| Feb 26, 2016 | 2.15 | — | 3.72 | 2.87 | 8.24 | 2.21 | 19.59 | 2.23 | 1.50 | 1.47 | 2.84 | 2.88 | 5.30 |
| Mar 6, 2015 | 42.57 | 12.72 | 3.64 | 3.80 | 7.98 | 2.91 | 3.26 | 2.29 | 1.65 | 3.22 | 2.19 | 3.28 | 5.94 |
| Feb 28, 2014 | 10.70 | 4.94 | 3.28 | 2.82 | 4.46 | 2.11 | 2.78 | 1.69 | 1.18 | 1.92 | 1.63 | 3.26 | 4.46 |
| Mar 1, 2013 | 7.64 | 3.45 | 2.90 | 1.79 | 3.25 | 2.04 | 2.61 | 1.24 | 1.82 | 0.72 | 2.20 | 2.95 | 3.45 |
| Mar 13, 2012 | 5.38 | 3.28 | 2.62 | 1.65 | 3.51 | 2.90 | 2.11 | 1.80 | 1.85 | 0.64 | 3.27 | 3.25 | 3.48 |
| Mar 9, 2011 | 7.06 | 6.21 | 3.36 | 2.35 | 4.24 | 2.46 | 2.41 | 2.63 | 2.96 | 0.96 | 3.74 | 3.54 | 4.00 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NXP Semiconductors N.V., P/BV, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NXP Semiconductors N.V. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 24, 2022 | 7.70 | 6.22 |
| Feb 25, 2021 | 5.53 | 5.97 |
| Feb 27, 2020 | 3.40 | 5.04 |
| Mar 1, 2019 | 2.63 | 4.59 |
| Apr 11, 2018 | 2.94 | 4.04 |
| Mar 3, 2017 | 3.19 | 3.35 |
| Feb 26, 2016 | 2.15 | 2.84 |
| Mar 6, 2015 | 42.57 | 3.36 |
| Feb 28, 2014 | 10.70 | 2.64 |
| Mar 1, 2013 | 7.64 | 2.32 |
| Mar 13, 2012 | 5.38 | 2.71 |
| Mar 9, 2011 | 7.06 | 2.82 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).
Comparison to Industry (Information Technology)
| NXP Semiconductors N.V. | Information Technology | |
|---|---|---|
| Feb 24, 2022 | 7.70 | 12.37 |
| Feb 25, 2021 | 5.53 | 10.94 |
| Feb 27, 2020 | 3.40 | 8.41 |
| Mar 1, 2019 | 2.63 | 7.00 |
| Apr 11, 2018 | 2.94 | 5.46 |
| Mar 3, 2017 | 3.19 | 4.53 |
| Feb 26, 2016 | 2.15 | 4.30 |
| Mar 6, 2015 | 42.57 | 4.36 |
| Feb 28, 2014 | 10.70 | 3.50 |
| Mar 1, 2013 | 7.64 | 3.75 |
| Mar 13, 2012 | 5.38 | 3.98 |
| Mar 9, 2011 | 7.06 | 4.16 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 20-F (reporting date: 2018-12-31), 20-F (reporting date: 2017-12-31), 20-F (reporting date: 2016-12-31), 20-F (reporting date: 2015-12-31), 20-F (reporting date: 2014-12-31), 20-F (reporting date: 2013-12-31), 20-F (reporting date: 2012-12-31), 20-F (reporting date: 2011-12-31), 20-F (reporting date: 2010-12-31).