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NMS · Valuation Lab
QCOM
QUALCOMM Incorporated
Last$157.53
Market cap165.4B
EV/EBITDA13.8x
Intrinsic value
$73.82
MoS -113.4% · Overvalued
Assuming 23.2% FCF margin and -4.0% Y1–5 growth.
Upside to price
EV (DCF)84.5B
Terminal share39%
Expected IV$78.31
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 39% of EV
PV of stage FCFs51.4B
PV of terminal value33.1B
Enterprise value84.5B
Net cash / (debt)-7B
Equity value77.5B
Intrinsic value / share$73.82
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 42.3B | 9.8B | 8.8B | 89.4% |
| Y2 | 40.6B | 9.4B | 7.5B | 80.0% |
| Y3 | 39B | 9B | 6.5B | 71.5% |
| Y4 | 37.4B | 8.7B | 5.6B | 64.0% |
| Y5 | 35.9B | 8.3B | 4.8B | 57.2% |
| Y6 | 36.7B | 8.5B | 4.3B | 51.2% |
| Y7 | 37.4B | 8.7B | 4B | 45.7% |
| Y8 | 38.1B | 8.8B | 3.6B | 40.9% |
| Y9 | 38.9B | 9B | 3.3B | 36.6% |
| Y10 | 39.7B | 9.2B | 3B | 32.7% |
| Terminal | — | — | 33.1B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.