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QUALCOMM

WBAG:QCOM
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QCOM
WBAG
$87B
Market Cap
  1. Home
  2. AT
  3. Semiconductors
Company description

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. The last earnings update was 48 days ago. More info.


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QCOM Share Price and Events
7 Day Returns
1.2%
WBAG:QCOM
-2.6%
Europe Semiconductor
-0.5%
AT Market
1 Year Returns
26%
WBAG:QCOM
-22.1%
Europe Semiconductor
-8%
AT Market
QCOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QUALCOMM (QCOM) 1.2% -13.6% 27.2% 26% - -
Europe Semiconductor -2.6% -9.6% -3.9% -22.1% 65.8% 73.6%
AT Market -0.5% -3.7% -3.3% -8% 37.9% 17.8%
1 Year Return vs Industry and Market
  • QCOM outperformed the Semiconductor industry which returned -22.1% over the past year.
  • QCOM outperformed the Market in Austria which returned -8% over the past year.
Price Volatility
QCOM
Industry
5yr Volatility vs Market
Related Companies

QCOM Value

 Is QUALCOMM undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of QUALCOMM to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for QUALCOMM.

WBAG:QCOM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:QCOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.22
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.224 (1 + (1- 21%) (18.75%))
1.271
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.271 * 5.96%)
8.09%

Discounted Cash Flow Calculation for WBAG:QCOM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for QUALCOMM is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:QCOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.09%)
2019 5,066.46 Analyst x7 4,687.42
2020 5,583.25 Analyst x6 4,779.10
2021 6,557.38 Analyst x4 5,193.01
2022 7,304.50 Est @ 11.39% 5,351.92
2023 7,898.24 Est @ 8.13% 5,354.01
2024 8,359.74 Est @ 5.84% 5,242.89
2025 8,714.45 Est @ 4.24% 5,056.48
2026 8,986.61 Est @ 3.12% 4,824.30
2027 9,196.83 Est @ 2.34% 4,567.79
2028 9,361.49 Est @ 1.79% 4,301.72
Present value of next 10 years cash flows $49,358.64
WBAG:QCOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $9,361.49 × (1 + 0.51%) ÷ (8.09% – 0.51%)
$124,194.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $124,194.59 ÷ (1 + 8.09%)10
$57,068.97
WBAG:QCOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $49,358.64 + $57,068.97
$106,427.61
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $106,427.61 / 1,215.70
$87.54
WBAG:QCOM Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:QCOM represents 0.88577x of NasdaqGS:QCOM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88577x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 87.54 x 0.88577
€77.54
Value per share (EUR) From above. €77.54
Current discount Discount to share price of €63.74
= -1 x (€63.74 - €77.54) / €77.54
17.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price QUALCOMM is available for.
Intrinsic value
18%
Share price is €63.74 vs Future cash flow value of €77.54
Current Discount Checks
For QUALCOMM to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • QUALCOMM's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • QUALCOMM's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for QUALCOMM's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are QUALCOMM's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:QCOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.89
NasdaqGS:QCOM Share Price ** NasdaqGS (2019-06-18) in USD $71.96
Europe Semiconductor Industry PE Ratio Median Figure of 27 Publicly-Listed Semiconductor Companies 23.74x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of QUALCOMM.

WBAG:QCOM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:QCOM Share Price ÷ EPS (both in USD)

= 71.96 ÷ 1.89

37.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QUALCOMM is overvalued based on earnings compared to the Europe Semiconductor industry average.
  • QUALCOMM is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does QUALCOMM's expected growth come at a high price?
Raw Data
WBAG:QCOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
14.5%per year
Europe Semiconductor Industry PEG Ratio Median Figure of 20 Publicly-Listed Semiconductor Companies 1.4x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

WBAG:QCOM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.98x ÷ 14.5%

2.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QUALCOMM is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on QUALCOMM's assets?
Raw Data
WBAG:QCOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.18
NasdaqGS:QCOM Share Price * NasdaqGS (2019-06-18) in USD $71.96
Europe Semiconductor Industry PB Ratio Median Figure of 39 Publicly-Listed Semiconductor Companies 1.82x
Austria Market PB Ratio Median Figure of 62 Publicly-Listed Companies 1.22x
WBAG:QCOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:QCOM Share Price ÷ Book Value per Share (both in USD)

= 71.96 ÷ 3.18

22.6x

* Primary Listing of QUALCOMM.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • QUALCOMM is overvalued based on assets compared to the Europe Semiconductor industry average.
X
Value checks
We assess QUALCOMM's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. QUALCOMM has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

QCOM Future Performance

 How is QUALCOMM expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is QUALCOMM expected to grow at an attractive rate?
  • QUALCOMM's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • QUALCOMM's earnings growth is expected to exceed the Austria market average.
  • QUALCOMM's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:QCOM Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:QCOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 14.5%
WBAG:QCOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 14.9%
Europe Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
Europe Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.8%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:QCOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:QCOM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 31,839 1
2021-09-30 28,391 7,627 6,459 11
2020-09-30 24,150 6,092 4,774 19
2019-09-30 20,550 6,232 5,197 18
WBAG:QCOM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 21,301 2,767 2,520
2018-12-30 21,539 2,489 2,187
2018-09-30 22,732 3,895 -4,864
2018-06-24 22,758 6,755 -4,265
2018-03-25 22,531 4,873 -4,618
2017-12-24 22,327 5,177 -4,199
2017-09-24 22,291 5,001 2,466
2017-06-25 22,571 4,661 3,896
2017-03-26 23,243 6,330 4,474
2016-12-25 23,778 6,247 4,889
2016-09-25 23,554 7,632 5,705
2016-06-26 22,826 7,000 5,168

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QUALCOMM's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • QUALCOMM's revenue is expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:QCOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from QUALCOMM Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:QCOM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 6.85 6.85 6.85 1.00
2021-09-30 5.91 6.73 4.14 6.00
2020-09-30 4.36 5.01 3.44 10.00
2019-09-30 5.08 6.05 2.68 7.00
WBAG:QCOM Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.89
2018-12-30 1.57
2018-09-30 -3.32
2018-06-24 -2.89
2018-03-25 -3.13
2017-12-24 -2.84
2017-09-24 1.67
2017-06-25 2.64
2017-03-26 3.03
2016-12-25 3.31
2016-09-25 3.84
2016-06-26 3.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • QUALCOMM is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess QUALCOMM's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
QUALCOMM has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

QCOM Past Performance

  How has QUALCOMM performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare QUALCOMM's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • QUALCOMM's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • QUALCOMM has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • QUALCOMM has become profitable in the last year making it difficult to compare the Europe Semiconductor industry average.
Earnings and Revenue History
QUALCOMM's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from QUALCOMM Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:QCOM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 21,301.00 2,520.00 1,617.00 5,375.00
2018-12-30 21,539.00 2,187.00 1,927.00 5,469.00
2018-09-30 22,732.00 -4,864.00 2,105.00 5,619.00
2018-06-24 22,758.00 -4,265.00 2,259.00 5,629.00
2018-03-25 22,531.00 -4,618.00 2,420.00 5,601.00
2017-12-24 22,327.00 -4,199.00 2,324.00 5,575.00
2017-09-24 22,291.00 2,466.00 2,157.00 5,435.00
2017-06-25 22,571.00 3,896.00 2,270.00 5,265.00
2017-03-26 23,243.00 4,474.00 2,233.00 5,146.00
2016-12-25 23,778.00 4,889.00 2,267.00 5,070.00
2016-09-25 23,554.00 5,705.00 2,286.00 5,141.00
2016-06-26 22,826.00 5,168.00 2,278.00 5,269.00
2016-03-27 22,614.00 4,908.00 2,282.00 5,406.00
2015-12-27 23,957.00 4,797.00 2,222.00 5,477.00
2015-09-27 25,281.00 5,271.00 2,272.00 5,476.00
2015-06-28 26,517.00 6,103.00 2,243.00 5,482.00
2015-03-29 27,491.00 7,157.00 2,219.00 5,505.00
2014-12-28 26,964.00 8,064.00 2,220.00 5,468.00
2014-09-28 26,487.00 7,537.00 2,265.00 5,447.00
2014-06-29 26,276.00 7,144.00 2,383.00 5,436.00
2014-03-30 25,712.00 6,486.00 2,419.00 5,307.00
2013-12-29 25,470.00 6,392.00 2,547.00 5,188.00
2013-09-29 24,866.00 6,853.00 2,492.00 4,964.00
2013-06-30 23,255.00 6,600.00 2,488.00 4,732.00
2013-03-31 21,639.00 6,230.00 2,420.00 4,408.00
2012-12-30 20,458.00 5,833.00 2,354.00 4,148.00
2012-09-30 19,121.00 5,333.00 2,270.00 3,915.00
2012-06-24 18,368.00 5,147.00 2,175.00 3,652.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst QUALCOMM made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • QUALCOMM used its assets more efficiently than the Europe Semiconductor industry average last year based on Return on Assets.
  • QUALCOMM has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess QUALCOMM's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
QUALCOMM has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

QCOM Health

 How is QUALCOMM's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up QUALCOMM's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • QUALCOMM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • QUALCOMM's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of QUALCOMM's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from QUALCOMM Company Filings, last reported 2 months ago.

WBAG:QCOM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,866.00 16,403.00 10,330.00
2018-12-30 3,617.00 16,386.00 10,315.00
2018-09-30 928.00 16,370.00 12,088.00
2018-06-24 23,068.00 22,481.00 35,910.00
2018-03-25 23,819.00 23,094.00 39,571.00
2017-12-24 23,924.00 22,846.00 35,403.00
2017-09-24 30,746.00 21,893.00 37,308.00
2017-06-25 31,283.00 21,898.00 20,863.00
2017-03-26 31,334.00 11,937.00 9,982.00
2016-12-25 31,206.00 11,684.00 10,812.00
2016-09-25 31,768.00 11,757.00 18,648.00
2016-06-26 30,638.00 11,773.00 17,110.00
2016-03-27 29,637.00 11,942.00 16,402.00
2015-12-27 30,233.00 10,950.00 16,528.00
2015-09-27 31,414.00 10,969.00 17,321.00
2015-06-28 33,196.00 10,913.00 21,331.00
2015-03-29 37,834.00 1,096.00 15,555.00
2014-12-28 38,819.00 0.00 17,788.00
2014-09-28 39,166.00 0.00 17,565.00
2014-06-29 38,787.00 12.00 18,153.00
2014-03-30 38,253.00 13.00 16,628.00
2013-12-29 37,027.00 14.00 17,280.00
2013-09-29 36,087.00 0.00 14,966.00
2013-06-30 37,583.00 20.00 11,461.00
2013-03-31 37,628.00 22.00 13,493.00
2012-12-30 35,354.00 32.00 13,275.00
2012-09-30 33,545.00 60.00 12,374.00
2012-06-24 32,605.00 1,354.00 13,395.00
  • QUALCOMM's level of debt (424.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 424.3% today).
  • Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.3x coverage).
X
Financial health checks
We assess QUALCOMM's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. QUALCOMM has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

QCOM Dividends

 What is QUALCOMM's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.45%
Current annual income from QUALCOMM dividends. Estimated to be 3.62% next year.
If you bought €2,000 of QUALCOMM shares you are expected to receive €69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • QUALCOMM's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.43%).
  • QUALCOMM's dividend is below the markets top 25% of dividend payers in Austria (4.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:QCOM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Europe Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.6%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 3.6%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:QCOM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30 2.70 7.00
2020-09-30 2.61 10.00
2019-09-30 2.53 9.00
WBAG:QCOM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-07 2.480 3.397
2019-01-14 2.480 4.274
2018-10-23 2.480 4.293
2018-07-12 2.480 3.711
2018-03-08 2.480 4.411
2018-01-12 2.280 3.482
2017-10-10 2.280 3.704
2017-07-13 2.280 4.340
2017-03-07 2.280 4.062
2017-01-12 2.120 3.750
2016-10-06 2.120 3.164
2016-07-12 2.120 3.430
2016-04-08 2.120 4.008
2016-01-12 1.920 3.933
2015-10-09 1.920 3.687
2015-07-07 1.920 3.275
2015-04-08 1.920 2.831
2015-01-14 1.680 2.410
2014-10-16 1.680 2.296
2014-07-18 1.680 2.236
2014-03-04 1.680 2.124
2014-01-22 1.400 1.877
2013-10-24 1.400 1.943
2013-07-17 1.400 2.098
2013-03-05 1.400 2.193
2013-01-15 1.000 1.528
2012-10-17 1.000 1.615
2012-07-06 1.000 1.653
2012-03-06 1.000 1.635
2012-01-10 0.860 1.428
2011-10-11 0.860 1.586
2011-07-13 0.860 1.669
2011-03-08 0.860 1.556
2011-01-14 0.760 1.364
2010-10-13 0.760 1.585
2010-07-08 0.760 1.904
2010-03-01 0.760 2.018
2010-01-07 0.680 1.629
2009-10-02 0.680 1.545
2009-07-08 0.680 1.485

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of QUALCOMM's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess QUALCOMM's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can QUALCOMM afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. QUALCOMM has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

QCOM Management

 What is the CEO of QUALCOMM's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Mollenkopf
COMPENSATION $19,975,472
AGE 49
TENURE AS CEO 5.3 years
CEO Bio

Mr. Steven M. Mollenkopf, also known as Steve, has been the Chief Executive Officer of QUALCOMM Incorporated since March 4, 2014. Mr. Mollenkopf served as an Executive Vice President of QUALCOMM Incorporated from May 2008 to November 12, 2011 and its President and Chief Operating Officer from November 12, 2011 to March 4, 2014. He served as the Group President of Qualcomm CDMA Technologies (QCT) from September 2010 to October 2010 and served as its Executive Vice President from May 2008 to November 12, 2011. He served as an Executive Vice President of QCT Product Management from May 2008 to July 2008 and Senior Vice President, Engineering and Product Management from July 2006 to May 2008 and also Vice President of Engineering from April 2002 to July 2006. He joined Qualcomm in 1994 as an engineer and was a leading contributor to the Globalstar project before joining the QCT team in 1999. He played a central role in developing QCT’s roadmap and led the development and commercialization of the 3GPP family of air interface technologies. His technical and business leadership have also been critical to the development and implementation of multiple industry-leading innovations. He has been a Director of Qualcomm Incorporated since December 12, 2013. He was Director of General Electric Company from November 4, 2016 until April 25, 2018. He serves on the Board of Directors at the Semiconductor Industry Association and serves as Co-Chairman of the Global Semiconductor Alliance Board of Directors to include their Executive Committee and CEO Council. A published IEEE author, Mr. Mollenkopf holds patents in areas such as power estimation and measurement, multi-standard transmitter system and wireless communication transceiver technology. Mr. Mollenkopf holds two Electrical Engineering degrees, including a BSEE from Virginia Tech and an MSEE from the University of Michigan at Ann Arbor.

CEO Compensation
  • Steve's compensation has increased in line with QUALCOMM recently becoming profitable.
  • Insufficient data for Steve to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the QUALCOMM management team in years:

2.3
Average Tenure
50.5
Average Age
  • The tenure for the QUALCOMM management team is about average.
Management Team

Steve Mollenkopf

TITLE
CEO & Director
COMPENSATION
$20M
AGE
49
TENURE
5.3 yrs

Cristiano Amon

TITLE
President
COMPENSATION
$14M
AGE
48
TENURE
1.4 yrs

Jim Thompson

TITLE
Chief Technology Officer
COMPENSATION
$9M
AGE
54
TENURE
2.3 yrs

Don Rosenberg

TITLE
Executive VP
COMPENSATION
$7M
AGE
67
TENURE
11.7 yrs

Franklin Antonio

TITLE
Co-Founder & Chief Scientist
TENURE
34.4 yrs

David Wise

TITLE
Senior VP
TENURE
0.2 yrs

Erin Polek

TITLE
Senior VP
AGE
44
TENURE
0.6 yrs

Mary Gendron

TITLE
Senior VP & Chief Information Officer
AGE
52
TENURE
3.3 yrs

Mauricio Lopez-Hodoyan

TITLE
Vice President of Investor Relations

Penny Baldwin

TITLE
Chief Marketing Officer & Senior VP
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the QUALCOMM board of directors in years:

4.5
Average Tenure
61
Average Age
  • The tenure for the QUALCOMM board of directors is about average.
Board of Directors

Jeff Henderson

TITLE
Non-Executive Chairman
COMPENSATION
$467K
AGE
53
TENURE
1.3 yrs

Steve Mollenkopf

TITLE
CEO & Director
COMPENSATION
$20M
AGE
49
TENURE
5.5 yrs

Barbara Alexander

TITLE
Independent Director
COMPENSATION
$396K
AGE
69
TENURE
12.9 yrs

Sandy Randt

TITLE
Independent Director
COMPENSATION
$350K
AGE
72
TENURE
5.7 yrs

Francisco Ros

TITLE
Independent Director
COMPENSATION
$350K
AGE
67
TENURE
8.5 yrs

Harish Manwani

TITLE
Independent Director
COMPENSATION
$349K
AGE
65
TENURE
5.1 yrs

Mark McLaughlin

TITLE
Independent Director
COMPENSATION
$348K
AGE
52
TENURE
3.9 yrs

Tony Vinciquerra

TITLE
Independent Director
COMPENSATION
$367K
AGE
63
TENURE
3.9 yrs

Ann Livermore

TITLE
Independent Director
COMPENSATION
$365K
AGE
59
TENURE
2.7 yrs

Mark Fields

TITLE
Independent Director
COMPENSATION
$179K
AGE
57
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • QUALCOMM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. May 19 Sell Michelle Sterling Individual 15. May 19 15. May 19 -5,560 €77.15 €-428,976
13. May 19 Sell Donald Rosenberg Individual 10. May 19 10. May 19 -7,141 €75.22 €-537,111
08. May 19 Sell Alexander Rogers Individual 06. May 19 06. May 19 -20,862 €78.97 €-1,647,488
07. May 19 Sell Brian Modoff Individual 03. May 19 03. May 19 -17,440 €79.09 €-1,379,363
07. May 19 Sell Erin Polek Individual 03. May 19 03. May 19 -6,118 €79.97 €-487,905
07. May 19 Sell Clark Randt Individual 03. May 19 03. May 19 -2,000 €80.03 €-160,062
X
Management checks
We assess QUALCOMM's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. QUALCOMM has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

QCOM News

Simply Wall St News

QCOM Company Info

Description

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, wideband CDMA, CDMA time division duplex, long term evolution, and/or fifth generation standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including automotive, Internet of things, mobile, data center, and healthcare for supporting the design and introduction of new products and services for voice and data communications, and new industry segments. The company also provides products and services for mobile health; products designed for the implementation of small cells; development, and other services and related products to the United States government agencies and their contractors; and software products, and content and push-to-talk enablement services to wireless operators. In addition, it licenses chipset technology, and products and services for use in data centers. QUALCOMM Incorporated was founded in 1985 and is headquartered in San Diego, California.

Details
Name: QUALCOMM Incorporated
QCOM
Exchange: WBAG
Founded: 1985
$78,094,908,871
1,215,698,926
Website: http://www.qualcomm.com
Address: QUALCOMM Incorporated
5775 Morehouse Drive,
San Diego,
California, 92121,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS QCOM Common Stock Nasdaq Global Select US USD 13. Dec 1991
DB QCI Common Stock Deutsche Boerse AG DE EUR 13. Dec 1991
XTRA QCI Common Stock XETRA Trading Platform DE EUR 13. Dec 1991
SWX QCOM Common Stock SIX Swiss Exchange CH CHF 13. Dec 1991
WBAG QCOM Common Stock Wiener Boerse AG AT EUR 13. Dec 1991
SNSE QCOM Common Stock Santiago Stock Exchange CL USD 13. Dec 1991
BMV QCOM * Common Stock Bolsa Mexicana de Valores MX MXN 13. Dec 1991
BOVESPA QCOM34 BDR EACH REPR 1 COM SHS Bolsa de Valores de Sao Paulo BR BRL 23. Aug 2012
BASE QCOM CEDEAR EACH 11 REP 1 ORD USD0.0001 Buenos Aires Stock Exchange AR ARS 13. Sep 2000
Number of employees
Current staff
Staff numbers
35,400
QUALCOMM employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:25
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/18
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.