Qualcomm Q4 FY9/24 Earnings Review

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Actually Cheap!

By Alex King, CEO, Cestrian Capital Research, Inc.

Most technology stocks today are valued at nosebleed levels. That doesn’t mean those stocks can’t keep climbing - it just means that at some point there is going to be pain for longs. Now, Qualcomm is maybe a different story. You can buy this RF behemoth for just 12.4x TTM unlevered pretax free cashflow. It has solid revenue growth and margins, a perfectly sound balance sheet, and a stock chart that looks like everything else in semiconductor (which is to say it looks to me that it’s poised to move up, but everyone else seems to think it’s all over - either I’m right or everyone else is right … hmmm … ).

Financial Summary

Here’s the headlines.

Now, for our paying subscribers of all tiers here, we go on to look at financial fundamentals, valuation analysis, our rating and price targets.