Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €206, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 39x in the Semiconductor industry in Europe. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €151 per share. Buy Or Sell Opportunity • May 22
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 69% to €206. The fair value is estimated to be €151, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 3.3% per annum over the same time period. Buy Or Sell Opportunity • May 06
Now 18% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to €164. The fair value is estimated to be €139, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are forecast to decline by 2.4% per annum over the same time period. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €164, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 37x in the Semiconductor industry in Europe. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €139 per share. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 30
Second quarter 2026 earnings released: EPS: US$6.91 (vs US$2.55 in 2Q 2025) Second quarter 2026 results: EPS: US$6.91 (up from US$2.55 in 2Q 2025). Revenue: US$10.6b (down 3.5% from 2Q 2025). Net income: US$7.37b (up 162% from 2Q 2025). Profit margin: 70% (up from 26% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Declared Dividend • Apr 22
Dividend of US$0.92 announced Shareholders will receive a dividend of US$0.92. Ex-date: 3rd June 2026 Payment date: 25th June 2026 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 18
QUALCOMM Incorporated Announces Quarterly Cash Dividend, Payable on June 25, 2026 Qualcomm Incorporated announced a quarterly cash dividend of $0.92 per common share, payable on June 25, 2026, to stockholders of record at the close of business on June 4, 2026. Ankündigung • Apr 16
QUALCOMM Incorporated to Report Q2, 2026 Results on Apr 29, 2026 QUALCOMM Incorporated announced that they will report Q2, 2026 results After-Market on Apr 29, 2026 Ankündigung • Feb 11
Qualcomm Incorporated Appoints Brett Simpson as Senior Vice President of Investor Relations Qualcomm Incorporated announced the appointment of Brett Simpson to the position of senior vice president of Investor Relations. In his role, Simpson will have oversight of Qualcomm's investor relations strategy, guiding communication around the company's long-term vision and growth strategy. His appointment is effective immediately and he will report directly to Akash Palkhiwala, executive vice president, CFO and COO of Qualcomm Incorporated. Simpson joins Qualcomm following a more than 25-year career as the Co-Founder and Partner of Arete Research where he has advised the world's largest technology investors with deep specialization in semiconductors, AI compute, and advanced technology supply chains. Simpson holds a bachelor's degree from Robert Gordon University. Reported Earnings • Feb 05
First quarter 2026 earnings released: EPS: US$2.81 (vs US$2.87 in 1Q 2025) First quarter 2026 results: EPS: US$2.81 (down from US$2.87 in 1Q 2025). Revenue: US$12.3b (up 5.0% from 1Q 2025). Net income: US$3.00b (down 5.5% from 1Q 2025). Profit margin: 25% (down from 27% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 23
QUALCOMM Incorporated, Annual General Meeting, Mar 17, 2026 QUALCOMM Incorporated, Annual General Meeting, Mar 17, 2026. Ankündigung • Jan 21
QUALCOMM Incorporated to Report Q1, 2026 Results on Feb 04, 2026 QUALCOMM Incorporated announced that they will report Q1, 2026 results After-Market on Feb 04, 2026 Ankündigung • Jan 19
QUALCOMM Incorporated Announces Departure of Christopher D. Young from Board of Directors QUALCOMM Incorporated announced that on January 13, 2026, Christopher D. Young, a member of the Board of Directors of QUALCOMM Incorporated, informed the Board that due to the significant time commitment required in his new role as Chief Executive Officer and a member of the board of directors of Vertex Inc., he will be stepping down from the Board effective as of the Company's 2026 Annual Meeting of Stockholders. Ankündigung • Jan 16
Qualcomm Announces Quarterly Cash Dividend, Payable on March 26, 2026 Qualcomm Incorporated announced a quarterly cash dividend of $0.89 per common share, payable on March 26, 2026, to stockholders of record at the close of business on March 5, 2026. Ankündigung • Jan 06
Qualcomm Introduces A Full Suite of Robotics Technologies, Powering Physical Ai from Household Robots Up to Full-Size Humanoids At CES, Qualcomm Technologies Inc. introduced a next-generation robotics comprehensive-stack architecture that integrates hardware, software, and compound AI. Qualcomm Technologies also unveiled its latest high performance robotics processor for industrial AMRs and advanced full-size humanoids, the Qualcomm Dragonwing IQ10 Series. This is the latest robotics-specific processor which expands the current robotics roadmap for the Company, delivering high performance, energy-efficient "Brain of the Robot" capabilities. Utilizing Qualcomm Technologies' proven expertise in edge AI, high performance, low-power systems, this innovation transforms prototypes into deployable, intelligent machines. This general-purpose robotics architecture utilizes Qualcomm Technologies' expertise in power efficiency, scalability, and edge AI performance to unlock a new era of autonomous robotics and connected intelligence. The Dragonwing industrial processor roadmap powers an assortment of general-purpose robotics form factors, including humanoid robots from Booster, VinMotion, and other global robotics providers. This architecture supports advanced perception, motion planning with end-to-end AI models such as VLAs and VLMs enabling generalized manipulation capabilities and human-robot interaction. The introduction of the Dragonwing IQ10 helps Qualcomm Technologies take a significant step toward practical, real-world deployment across industrial applications. Qualcomm Technologies is engaged in discussions with Kuka Robotics for their next-generation robotics solution. Comprehensive Stack Architecture: The general-purpose robotics architecture with the Dragonwing IQ10 redefines what's possible in robotics by combining powerful heterogeneous edge computing, edge AI, mixed-criticality systems, software, machine learning operations, and an AI data flywheel, supported by a growing partner ecosystem and complemented by a strong suite of developer tools. This end-to-end approach enables robots to easily reason and adapt to the spatial and spatial environment intelligently and is optimized to scale across various form factors with industrial-grade reliability. This collaborative network accelerates the development of deployment-ready robotics solutions, solving the last-mile challenge and enabling faster, more scalable innovation across industries. Experience the Qualcomm-Powered Humanoids at CES CES: VinMotion's Motion: The company is building a comprehensive ecosystem for its robotics platforms working with a variety of companies such as Advantech, APLUX, AutoCore, Booster, Figure, Kuka Robotics, Robotec.ai, and VinMotion to bring deployment-ready robotics at scale. New Risk • Jan 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Buy Or Sell Opportunity • Nov 23
Now 20% undervalued Over the last 90 days, the stock has risen 3.8% to €140. The fair value is estimated to be €177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. New Risk • Nov 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 26% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 06
Full year 2025 earnings released: EPS: US$5.06 (vs US$9.06 in FY 2024) Full year 2025 results: EPS: US$5.06 (down from US$9.06 in FY 2024). Revenue: US$44.3b (up 14% from FY 2024). Net income: US$5.54b (down 45% from FY 2024). Profit margin: 13% (down from 26% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Ankündigung • Nov 06
QUALCOMM Incorporated Provides Earnings Guidance for the First Quarter of 2026 QUALCOMM Incorporated provided earnings guidance for the first quarter of 2026. for the quarter, the company expects to deliver record results with revenues in the range of $11.8 billion to $12.6 billion. Ankündigung • Oct 22
QUALCOMM Incorporated to Report Q4, 2025 Results on Nov 05, 2025 QUALCOMM Incorporated announced that they will report Q4, 2025 results After-Market on Nov 05, 2025 Ankündigung • Oct 17
QUALCOMM Incorporated Announces Quarterly Cash Dividend, Payable on December 18, 2025 Qualcomm Incorporated announced a quarterly cash dividend of $0.89 per common share, payable on December 18, 2025, to stockholders of record at the close of business on December 4, 2025. Buy Or Sell Opportunity • Oct 10
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €135. The fair value is estimated to be €172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 1.4% per annum over the same time period. Ankündigung • Oct 01
Qualcomm Achieves Complete Victory over Arm in Litigation Challenging Licensing Agreements A U.S. District Court judge granted Qualcomm Incorporated a complete victory in litigation brought by Arm Ltd., rejecting Arm’s attempts to stifle innovation and confirming that neither Qualcomm nor its subsidiary Nuvia breached Nuvia’s license agreements with Arm. The decision in the U.S. District Court for the District of Delaware dismissed the lone remaining claim in Arm’s lawsuit filed against Qualcomm and Nuvia, in which Arm alleged breach of the architecture license agreement (ALA) between Nuvia and Arm. The Court ruled in favor of Nuvia. The ruling follows Qualcomm’s victory over Arm during the December 2024 trial in which a jury decided unanimously that Qualcomm did not breach the Nuvia ALA and that Qualcomm’s innovative CPU cores incorporating technology obtained in the Nuvia acquisition were properly licensed under Qualcomm’s own ALA. The Court’s ruling upholds those jury verdicts and rejects Arm’s attempts to overturn them. The Court also rejected Arm’s request for a new trial. The result reinforces Qualcomm’s ability to drive innovation across the semiconductor industry and address the world’s most important technological challenges. Qualcomm’s separate lawsuit against Arm for breach of contract, improper interference with customer relationships, and for Arm’s pattern of conduct seeking to hinder innovation and better position Arm’s own products over its long-standing partners’ is ongoing. The company look forward to an expected trial in March 2026. Buy Or Sell Opportunity • Sep 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.9% to €134. The fair value is estimated to be €168, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 1.6% per annum over the same time period. Ankündigung • Sep 03
QUALCOMM Incorporated Elects Dr. Jeremy (Zico) Kolter to the Board, Effective September 2, 2025 On September 2, 2025, the Board of Directors of QUALCOMM Incorporated elected Dr. Jeremy (Zico) Kolter, Professor and Department Head of the Machine Learning Department in the School of Computer Science at Carnegie Mellon University, to the Board. Dr. Kolter was elected for a term of office that expires at the Company's next annual meeting of stockholders. The Board also appointed Dr. Kolter to its Governance Committee. He joined the CMU faculty in 2012, serving as Assistant Professor from August 2012 to July 2018 and Associate Professor from July 2018 to June 2024. His research focuses on AI safety, robustness and optimization. In industry, Dr. Kolter serves as a member of the Board of Directors at OpenAI, where he chairs the Safety and Security Committee, since August 2024. He is the Co-founder and Chief Technical Advisor of Gray Swan AI, an AI security company, and an advisor to BNY. Dr. Kolter has served as Chief Expert at Robert Bosch and as Chief Data Scientist at C3.ai. Dr. Kolter holds a B.S. in Computer Science from Georgetown University, a Ph.D. in Computer Science from Stanford University, and completed a postdoctoral fellowship at Massachusetts Institute of Technology. Upcoming Dividend • Aug 27
Upcoming dividend of US$0.89 per share Eligible shareholders must have bought the stock before 03 September 2025. Payment date: 25 September 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Italian dividend payers (5.0%). Higher than average of industry peers (1.0%). Ankündigung • Aug 26
QUALCOMM Incorporated Announces Executive Changes, Effective August 25, 2025 On August 25, 2025, Neil Martin, Senior Vice President, Finance and Chief Accounting Officer (Principal Accounting Officer) of QUALCOMM Incorporated, accepted the role of Senior Vice President, Corporate Development, where he will lead the Company's Mergers & Acquisitions (M&A) efforts and other strategic initiatives. In connection with this transition, Mr. Martin decided to step down from his position as Chief Accounting Officer, effective immediately. On August 25, 2025, the Company appointed Patricia Grech to serve as its Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) effective immediately. Ms. Grech, age 53, served as Vice President, Finance and Controller of the Company since December 2022 and as Vice President, Finance of the Company from May 2017 to December 2022. She served in various other finance and accounting positions since joining the Company in 2006. Ms. Grech holds a B.S. in Accountancy and Finance from Miami University of Ohio and an M.B.A. from The Ohio State University. Buy Or Sell Opportunity • Aug 20
Now 20% undervalued Over the last 90 days, the stock has risen 1.2% to €133. The fair value is estimated to be €166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.4%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 1.6% per annum over the same time period. Reported Earnings • Jul 31
Third quarter 2025 earnings released: EPS: US$2.44 (vs US$1.89 in 3Q 2024) Third quarter 2025 results: EPS: US$2.44 (up from US$1.89 in 3Q 2024). Revenue: US$10.4b (up 10% from 3Q 2024). Net income: US$2.67b (up 27% from 3Q 2024). Profit margin: 26% (up from 22% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. Declared Dividend • Jul 23
Second quarter dividend of US$0.89 announced Shareholders will receive a dividend of US$0.89. Ex-date: 3rd September 2025 Payment date: 25th September 2025 Dividend yield will be 2.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Jul 18
QUALCOMM Incorporated Announces Quarterly Cash Dividend, Payable on September 25, 2025 Qualcomm Incorporated announced a quarterly cash dividend of $0.89 per common share, payable on September 25, 2025, to stockholders of record at the close of business on September 4, 2025. Ankündigung • Jul 16
QUALCOMM Incorporated to Report Q3, 2025 Results on Jul 30, 2025 QUALCOMM Incorporated announced that they will report Q3, 2025 results After-Market on Jul 30, 2025 Ankündigung • Jun 28
QUALCOMM Incorporated(NasdaqGS:QCOM) dropped from Russell Top 50 Index QUALCOMM Incorporated(NasdaqGS:QCOM) dropped from Russell Top 50 Index Ankündigung • Jun 03
Alphawave Board Extends PUSU Deadline for QUALCOMM to Make an Offer till 5 June 2025 On 1 April 2025, QUALCOMM Incorporated (NasdaqGS:QCOM) ("Qualcomm") announced that it was considering making an offer to acquire the entire issued and to be issued share capital of Alphawave IP Group plc (LSE:AWE). The announcement of 1 April 2025 stated that the deadline by which Qualcomm was required either to announce a firm intention to make an offer for Alphawave in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies, was 5.00 p.m. (London time) on 29 April 2025. That deadline was first extended to 5.00 p.m. on 12 May 2025, then extended to 5.00 p.m. on 27 May 2025, and then further extended to 5.00 p.m. on 2 June 2025 (the "PUSU Deadline"). Alphawave and Qualcomm remain engaged in discussions in respect of a possible offer. Accordingly the Board of Alphawave and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to an extension of the PUSU Deadline. Consequently, in accordance with Rule 2.6(c) of the Code, Qualcomm is now required, by not later than 5.00 p.m. (London time) on 5 June 2025, to either announce a firm intention to make an offer for Alphawave in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of Alphawave with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will be made, nor as to the terms on which it will be made. A further announcement will be made as and when appropriate. Upcoming Dividend • May 28
Upcoming dividend of US$0.85 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (1.0%). Ankündigung • May 12
Alphawave IP Group plc Announces Extension of PUSU Deadline On 1 April 2025, QUALCOMM Incorporated (NasdaqGS:QCOM) ("Qualcomm") announced that it was considering making an offer to acquire the entire issued and to be issued share capital of Alphawave (Alphawave IP Group plc (LSE:AWE)). On 29 April 2025, Alphawave announced that the deadline by which Qualcomm is required either to announce a firm intention to make an offer for Alphawave in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer had been extended to 5.00 p.m. (London time) on 12 May 2025 (the "PUSU Deadline"). Alphawave and Qualcomm remain engaged in discussions in respect of a possible offer. Accordingly the Board of Alphawave and the Panel on Takeovers and Mergers (the "Takeover Panel") have consented to an extension of the PUSU Deadline. Consequently, in accordance with Rule 2.6(c) of the Code, Qualcomm is now required, by not later than 5.00 p.m. (London time) on 27 May 2025, to either announce a firm intention to make an offer for Alphawave in accordance with Rule 2.7 of the Code or to announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended by the Board of Alphawave with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will be made, nor as to the terms on which it will be made. A further announcement will be made as and when appropriate. Reported Earnings • May 02
Second quarter 2025 earnings released: EPS: US$2.55 (vs US$2.04 in 2Q 2024) Second quarter 2025 results: EPS: US$2.55 (up from US$2.04 in 2Q 2024). Revenue: US$11.0b (up 17% from 2Q 2024). Net income: US$2.81b (up 24% from 2Q 2024). Profit margin: 26% (up from 24% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 23
First quarter dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 4th June 2025 Payment date: 26th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • Apr 18
QUALCOMM Incorporated Announces Quarterly Cash Dividend, Payable on June 26, 2025 Qualcomm Incorporated announced a quarterly cash dividend of $0.89 per common share, payable on June 26, 2025, to stockholders of record at the close of business on June 5, 2025. Ankündigung • Apr 16
QUALCOMM Incorporated to Report Q2, 2025 Results on Apr 30, 2025 QUALCOMM Incorporated announced that they will report Q2, 2025 results After-Market on Apr 30, 2025 Board Change • Apr 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. Independent Director Marie Myers was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
