QUALCOMM
- Home ›
- US ›
- Semiconductors
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for QUALCOMM.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess QUALCOMM's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess QUALCOMM's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from QUALCOMM Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess QUALCOMM's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from QUALCOMM Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess QUALCOMM's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) QUALCOMM has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
QUALCOMM
shares you are expected to receive
$57
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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).
- Dividends after 3 years are expected to be well covered by earnings (2x coverage).
Income/ dividend checks
We assess QUALCOMM's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the QUALCOMM management team is about average.
Management Team
Steve Mollenkopf
CEO & Director
$20M
49
5.1 yrs
Cristiano Amon
President
$14M
48
1.3 yrs
Jim Thompson
Chief Technology Officer
$9M
54
2.1 yrs
Don Rosenberg
Executive VP
$7M
67
11.5 yrs
Franklin Antonio
Co-Founder & Chief Scientist
34.3 yrs
David Wise
Senior VP
Erin Polek
Senior VP
44
0.4 yrs
Mary Gendron
Senior VP & Chief Information Officer
52
3.1 yrs
Mauricio Lopez-Hodoyan
Vice President of Investor Relations
Penny Baldwin
Chief Marketing Officer & Senior VP
1.5 yrs
Board of Directors Tenure
Average tenure and age of the QUALCOMM board of directors in years:
- The tenure for the QUALCOMM board of directors is about average.
Board of Directors
Jeff Henderson
Non-Executive Chairman
$467K
53
1.1 yrs
Steve Mollenkopf
CEO & Director
$20M
49
5.3 yrs
Barbara Alexander
Independent Director
$396K
69
12.8 yrs
Sandy Randt
Independent Director
$350K
72
5.5 yrs
Francisco Ros
Independent Director
$350K
67
8.3 yrs
Harish Manwani
Independent Director
$349K
65
4.9 yrs
Mark McLaughlin
Independent Director
$348K
52
3.8 yrs
Tony Vinciquerra
Independent Director
$367K
63
3.8 yrs
Ann Livermore
Independent Director
$365K
59
2.5 yrs
Mark Fields
Independent Director
$179K
57
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess QUALCOMM's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleIs 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 - – Full articleQUALCOMM 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 - – Full articleWhat 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 - – Full articleWho 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 - – Full articleShould 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 - – Full articleShould 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 - – Full articleQUALCOMM 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleQCOM 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
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.
