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QUALCOMM

Nasdaq:QCOM
Snowflake Description

High growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
QCOM
Nasdaq
$105B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • QUALCOMM has significant price volatility in the past 3 months.
QCOM Share Price and Events
7 Day Returns
23.1%
NasdaqGS:QCOM
4.1%
US Semiconductor
-0.1%
US Market
1 Year Returns
73.6%
NasdaqGS:QCOM
15.6%
US Semiconductor
7.6%
US Market
QCOM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
QUALCOMM (QCOM) 23.1% 52.6% 67.5% 73.6% 63.9% 10.4%
US Semiconductor 4.1% 10.4% 27.8% 15.6% 105.2% 130.9%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • QCOM outperformed the Semiconductor industry which returned 15.6% over the past year.
  • QCOM outperformed the Market in United States of America which returned 7.6% 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.

NasdaqGS: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 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:QCOM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 21%) (15.61%))
1.186
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.186 * 5.96%)
9.8%

Discounted Cash Flow Calculation for NasdaqGS: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.

NasdaqGS:QCOM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.8%)
2019 4,122.08 Analyst x6 3,754.13
2020 5,361.65 Analyst x6 4,447.17
2021 5,198.50 Analyst x3 3,926.96
2022 5,128.56 Est @ -1.35% 3,528.31
2023 5,122.26 Est @ -0.12% 3,209.42
2024 5,159.81 Est @ 0.73% 2,944.36
2025 5,228.55 Est @ 1.33% 2,717.26
2026 5,320.13 Est @ 1.75% 2,518.05
2027 5,428.93 Est @ 2.05% 2,340.18
2028 5,551.11 Est @ 2.25% 2,179.26
Present value of next 10 years cash flows $31,565.12
NasdaqGS:QCOM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $5,551.11 × (1 + 2.73%) ÷ (9.8% – 2.73%)
$80,646.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $80,646.08 ÷ (1 + 9.8%)10
$31,660.08
NasdaqGS:QCOM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $31,565.12 + $31,660.08
$63,225.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $63,225.20 / 1,210.31
$52.24
NasdaqGS:QCOM Discount to Share Price
Calculation Result
Value per share (USD) From above. $52.24
Current discount Discount to share price of $86.72
= -1 x ($86.72 - $52.24) / $52.24
-66%

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

  • The current share price of QUALCOMM is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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
NasdaqGS:QCOM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $1.57
NasdaqGS:QCOM Share Price ** NasdaqGS (2019-04-23) in USD $86.72
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 20.1x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

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

** Primary Listing of QUALCOMM.

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

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

= 86.72 ÷ 1.57

55.39x

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

  • QUALCOMM is overvalued based on earnings compared to the US Semiconductor industry average.
  • QUALCOMM is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does QUALCOMM's expected growth come at a high price?
Raw Data
NasdaqGS:QCOM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 55.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
30%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 64 Publicly-Listed Semiconductor Companies 1.16x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 55.39x ÷ 30%

1.85x

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
NasdaqGS:QCOM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $2.99
NasdaqGS:QCOM Share Price * NasdaqGS (2019-04-23) in USD $86.72
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.81x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:QCOM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 86.72 ÷ 2.99

29.01x

* 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 US 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 16 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
30%
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 2.7%.
Growth vs Market Checks
  • QUALCOMM's earnings growth is expected to exceed the United States of America market average.
  • QUALCOMM's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:QCOM Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:QCOM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 30%
NasdaqGS:QCOM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 8.2%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqGS:QCOM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:QCOM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 24,894 5,758 5,733 6
2020-09-30 23,122 6,170 4,721 16
2019-09-30 20,968 4,721 3,473 16
NasdaqGS:QCOM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 21,539 2,489 2,187
2018-09-30 22,732 3,895 -4,864
2018-06-24 22,799 6,755 -4,232
2018-03-25 22,572 4,873 -4,585
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
2016-03-27 22,614 7,276 4,908

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • QUALCOMM's earnings are expected to grow significantly at over 20% yearly.
  • QUALCOMM's revenue is expected to grow by 8.2% 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
NasdaqGS:QCOM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from QUALCOMM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QCOM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 4.92 6.56 3.84 4.00
2020-09-30 4.08 5.44 2.23 12.00
2019-09-30 3.06 4.46 2.19 12.00
NasdaqGS:QCOM Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 1.57
2018-09-30 -3.32
2018-06-24 -2.86
2018-03-25 -3.10
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
2016-03-27 3.19

*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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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 5/6, 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 US 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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:QCOM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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 22,799.00 -4,232.00 2,115.00 5,628.00
2018-03-25 22,572.00 -4,585.00 2,276.00 5,600.00
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 less efficiently than the US 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 1/6, 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 3 months ago.

NasdaqGS:QCOM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 (453%) 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 453% today).
  • Debt is not well covered by operating cash flow (15.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.3x 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
2.86%
Current annual income from QUALCOMM dividends. Estimated to be 3.01% next year.
If you bought $2,000 of QUALCOMM shares you are expected to receive $57 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 United States of America (1.4%).
  • QUALCOMM's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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
NasdaqGS: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 16 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqGS:QCOM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 2.74 6.00
2020-09-30 2.65 9.00
2019-09-30 2.48 9.00
NasdaqGS:QCOM Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-14 2.480 4.479
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
2009-04-24 0.680 1.559

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 (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess QUALCOMM's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 5.1 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.
  • Steve's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

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

2.6
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
5.1 yrs

Cristiano Amon

TITLE
President
COMPENSATION
$14M
AGE
48
TENURE
1.3 yrs

Jim Thompson

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

Don Rosenberg

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

Franklin Antonio

TITLE
Co-Founder & Chief Scientist
TENURE
34.3 yrs

David Wise

TITLE
Senior VP

Erin Polek

TITLE
Senior VP
AGE
44
TENURE
0.4 yrs

Mary Gendron

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

Mauricio Lopez-Hodoyan

TITLE
Vice President of Investor Relations

Penny Baldwin

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

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

4.3
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
1.1 yrs

Steve Mollenkopf

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

Barbara Alexander

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

Sandy Randt

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

Francisco Ros

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

Harish Manwani

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

Mark McLaughlin

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

Tony Vinciquerra

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

Ann Livermore

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

Mark Fields

TITLE
Independent Director
COMPENSATION
$179K
AGE
57
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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

Understanding Your Return On Investment In QUALCOMM Incorporated (NASDAQ:QCOM)

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently QUALCOMM is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Is QUALCOMM Incorporated's (NASDAQ:QCOM) CEO Pay Fair?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

QUALCOMM Incorporated (NASDAQ:QCOM): Why Return On Capital Employed Is Important

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Your return is tied to QCOM’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand QUALCOMM’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What does QUALCOMM Incorporated's (NASDAQ:QCOM) Balance Sheet Tell Us About Its Future?

Doing business globally, large caps tend to have diversified revenue streams and attractive capital returns, making them desirable investments for risk-averse portfolios. … Let’s take a look at QUALCOMM’s leverage and assess its financial strength to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Who Owns QUALCOMM Incorporated (NASDAQ:QCOM)?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in QCOM should also look at another important group of investors: private companies, with a stake of 0.0013%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

Should Income Investors Buy QUALCOMM Incorporated (NASDAQ:QCOM) Before Its Ex-Dividend?

View our latest analysis for QUALCOMM 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Does it pay an annual yield higher than 75% of dividend payers? … If there's one type of stock you want to be reliable, it's dividend stocks and their stable income-generating ability. … These are all positive signs of a great, reliable dividend stock.

Simply Wall St -

Should You Worry About QUALCOMM Incorporated's (NASDAQ:QCOM) CEO Salary Level?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … In the situation of negative earnings, the company may be incurring a period of reinvestment and growth, or it can be an indication of some headwind. … Usually I would use earnings and market cap to account for variations in performance, however, QCOM's negative earnings reduces the usefulness of my formula.

Simply Wall St -

QUALCOMM Incorporated (NASDAQ:QCOM): Exploring Free Cash Flows

I will be analysing QUALCOMM’s FCF by looking at its FCF yield and its operating cash flow growth. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt QUALCOMM’s yield of 10.36% last year indicates its ability to produce cash well-above the market index, given the size of the company. … Current +1 year +2 year Operating Cash Flow (OCF) US$4.57B US$5.70B US$6.80B OCF Growth Year-On-Year 24.88% 19.20% OCF Growth From Current Year 48.86% Next Steps: Not only does QUALCOMM offer a yield above the market index, its operating cash flow growth in the short run further strengthens its case as a solid company to invest in going forward.

Simply Wall St -

Is Now The Time To Bet On The Tech Sector And QUALCOMM Incorporated (NASDAQ:QCOM)?

Tech analysts are forecasting for the entire hardware tech industry, a positive double-digit growth of 28.29% in the upcoming year , and a massive growth of 58.16% over the next couple of years. … Below, I will examine the sector growth prospects, as well as evaluate whether QUALCOMM is lagging or leading its competitors in the industry. … If QUALCOMM has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry.

Simply Wall St -

Does QUALCOMM Incorporated (NASDAQ:QCOM) Look Attractive Based On These Two Valuation Methods?

See our latest analysis for QUALCOMM Examining intrinsic valuation Since forecasting future free cash flows (FCFs) accurately into the future is often difficult and a highly subjective task, I’ve used analysts' FCF forecasts as a starting point for my DCF. … For those less familiar with valuation, the assumption behind the DCF is that a firm’s intrinsic value is equal to the sum of all its future FCFs, which is why quality forecasts are a high priority. … NasdaqGS:QCOM Intrinsic Value Apr 12th 18 Examining relative valuation While DCF models sum up future FCFs, relative valuation models are based on the idea that investors should pay the same price for two companies with identical risk and return profiles.

Simply Wall St -

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: NasdaqGS
Founded: 1985
$104,957,709,696
1,210,305,693
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: 2019/04/23 23:43
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/01/30
Last earnings reported: 2018/12/30
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.