Projected Income Statement: Broadcom Inc.

Forecast Balance Sheet: Broadcom Inc.

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 27,567 27,099 25,040 58,218 48,958 24,237 -42,415 -134,408
Change - -1.7% -7.6% 132.5% -15.91% -50.49% -275% -216.89%
Announcement Date 09/12/21 08/12/22 07/12/23 12/12/24 11/12/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Broadcom Inc.

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 443 424 452 548 623 1,003 1,244 1,487
Change - -4.29% 6.6% 21.24% 13.69% 61.05% 24% 19.51%
Free Cash Flow (FCF) 1 13,321 16,312 17,633 19,414 26,914 49,859 87,948 122,301
Change - 22.45% 8.1% 10.1% 38.63% 85.25% 76.39% 39.06%
Announcement Date 09/12/21 08/12/22 07/12/23 12/12/24 11/12/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Broadcom Inc.

Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 59.93% 63.33% 64.81% 61.85% 67.31% 67.95% 69.37% 68.06%
EBIT Margin (%) 57.97% 61.12% 61.77% 59.6% 65.74% 66.85% 68.11% 69.16%
EBT Margin (%) 24.64% 37.45% 42.15% 19.23% 35.58% 47.6% 49.77% 51.13%
Net margin (%) 24.54% 34.62% 39.31% 11.43% 36.2% 41.6% 45.61% 46.63%
FCF margin (%) 48.53% 49.13% 49.23% 37.64% 42.13% 47.03% 51.51% 54.29%
FCF / Net Income (%) 197.76% 141.91% 125.22% 329.33% 116.38% 113.06% 112.94% 116.41%

Profitability

        
ROA 8.89% 22.21% 25.16% 19.9% 20.03% 29.92% 40.8% 40.51%
ROE 51.51% 69.33% 78.71% 51.78% 45.28% 53.4% 60.35% 50.33%

Financial Health

        
Leverage (Debt/EBITDA) 1.68x 1.29x 1.08x 1.83x 1.14x 0.34x - -
Debt / Free cash flow 2.07x 1.66x 1.42x 3x 1.82x 0.49x - -

Capital Intensity

        
CAPEX / Current Assets (%) 1.61% 1.28% 1.26% 1.06% 0.98% 0.95% 0.73% 0.66%
CAPEX / EBITDA (%) 2.69% 2.02% 1.95% 1.72% 1.45% 1.39% 1.05% 0.97%
CAPEX / FCF (%) 3.33% 2.6% 2.56% 2.82% 2.31% 2.01% 1.41% 1.22%

Items per share

        
Cash flow per share 1 3.208 3.956 4.235 4.093 5.571 11.75 19.56 26.14
Change - 23.32% 7.05% -3.36% 36.1% 110.84% 66.5% 33.68%
Dividend per Share 1 1.44 1.64 1.905 2.17 2.42 2.616 2.982 3.401
Change - 13.89% 16.16% 13.91% 11.52% 8.09% 13.99% 14.06%
Book Value Per Share 1 5.572 5.173 5.618 14.64 16.45 23.39 36.68 58.05
Change - -7.16% 8.6% 160.53% 12.36% 42.22% 56.81% 58.26%
EPS 1 1.5 2.653 3.298 1.23 4.77 9.024 16.47 21.72
Change - 76.87% 24.31% -62.7% 287.8% 89.18% 82.55% 31.85%
Nbr of stocks (in thousands) 4,116,163 4,050,078 4,127,355 4,670,576 4,722,365 4,757,580 4,757,580 4,757,580
Announcement Date 09/12/21 08/12/22 07/12/23 12/12/24 11/12/25 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 43.5x 23.8x
PBR 16.8x 10.7x
EV / Sales 17.8x 10.7x
Yield 0.67% 0.76%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
48
Last Close Price
392.16USD
Average target price
520.40USD
Spread / Average Target
+32.70%

Quarterly revenue - Rate of surprise

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  4. Financials Broadcom Inc.
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