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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 14.19
QCOM's Cash to Debt is ranked higher than
69% of the 511 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.24 vs. QCOM: 14.19 )
Ranked among companies with meaningful Cash to Debt only.
QCOM' s 10-Year Cash to Debt Range
Min: 0.45  Med: 10000.00 Max: No Debt
Current: 14.19
Equity to Asset 0.80
QCOM's Equity to Asset is ranked higher than
85% of the 479 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.59 vs. QCOM: 0.80 )
Ranked among companies with meaningful Equity to Asset only.
QCOM' s 10-Year Equity to Asset Range
Min: 0.37  Med: 0.80 Max: 0.91
Current: 0.8
0.37
0.91
Interest Coverage No Debt
QCOM's Interest Coverage is ranked higher than
98% of the 327 Companies
in the Global Communication Equipment industry.

( Industry Median: 362.89 vs. QCOM: No Debt )
Ranked among companies with meaningful Interest Coverage only.
QCOM' s 10-Year Interest Coverage Range
Min: 0.68  Med: 158.17 Max: 9999.99
Current: No Debt
0.68
9999.99
F-Score: 6
Z-Score: 9.29
M-Score: -2.54
WACC vs ROIC
11.70%
28.94%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 9/10

vs
industry
vs
history
Operating margin (%) 27.42
QCOM's Operating margin (%) is ranked higher than
96% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.79 vs. QCOM: 27.42 )
Ranked among companies with meaningful Operating margin (%) only.
QCOM' s 10-Year Operating margin (%) Range
Min: -0.91  Med: 28.95 Max: 43.63
Current: 27.42
-0.91
43.63
Net-margin (%) 26.03
QCOM's Net-margin (%) is ranked higher than
96% of the 505 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.48 vs. QCOM: 26.03 )
Ranked among companies with meaningful Net-margin (%) only.
QCOM' s 10-Year Net-margin (%) Range
Min: -20.48  Med: 24.53 Max: 37.78
Current: 26.03
-20.48
37.78
ROE (%) 18.55
QCOM's ROE (%) is ranked higher than
87% of the 499 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.43 vs. QCOM: 18.55 )
Ranked among companies with meaningful ROE (%) only.
QCOM' s 10-Year ROE (%) Range
Min: -10.63  Med: 15.98 Max: 22.59
Current: 18.55
-10.63
22.59
ROA (%) 14.88
QCOM's ROA (%) is ranked higher than
93% of the 512 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.34 vs. QCOM: 14.88 )
Ranked among companies with meaningful ROA (%) only.
QCOM' s 10-Year ROA (%) Range
Min: -9.35  Med: 12.65 Max: 19.6
Current: 14.88
-9.35
19.6
ROC (Joel Greenblatt) (%) 287.77
QCOM's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 509 Companies
in the Global Communication Equipment industry.

( Industry Median: 7.89 vs. QCOM: 287.77 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
QCOM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -52.04  Med: 127.29 Max: 275.45
Current: 287.77
-52.04
275.45
Revenue Growth (3Y)(%) 20.40
QCOM's Revenue Growth (3Y)(%) is ranked higher than
83% of the 392 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.20 vs. QCOM: 20.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
QCOM' s 10-Year Revenue Growth (3Y)(%) Range
Min: -15.9  Med: 20.40 Max: 84.6
Current: 20.4
-15.9
84.6
EBITDA Growth (3Y)(%) 7.80
QCOM's EBITDA Growth (3Y)(%) is ranked higher than
58% of the 287 Companies
in the Global Communication Equipment industry.

( Industry Median: 3.60 vs. QCOM: 7.80 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
QCOM' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -6.7  Med: 16.20 Max: 78.8
Current: 7.8
-6.7
78.8
EPS Growth (3Y)(%) 17.70
QCOM's EPS Growth (3Y)(%) is ranked higher than
72% of the 257 Companies
in the Global Communication Equipment industry.

( Industry Median: -2.70 vs. QCOM: 17.70 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
QCOM' s 10-Year EPS Growth (3Y)(%) Range
Min: -12.9  Med: 22.60 Max: 95.7
Current: 17.7
-12.9
95.7
» QCOM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2014

QCOM Guru Trades in Q2 2014

Brian Rogers 1,750,000 sh (New)
Joel Greenblatt 375,177 sh (+84.28%)
John Hussman 150,000 sh (+50.00%)
Bill Nygren 3,565,000 sh (+16.89%)
Mario Gabelli 59,360 sh (+11.03%)
Ken Fisher 9,280,660 sh (+4.79%)
David Rolfe 4,897,789 sh (+4.72%)
Bill Frels 765,434 sh (+0.46%)
First Pacific Advisors 2,237,500 sh (+0.42%)
Ruane Cunniff 302,342 sh (+0.09%)
RS Investment Management 5,914 sh (unchged)
Steven Romick 2,100,000 sh (unchged)
Jeff Auxier 3,827 sh (unchged)
Steve Mandel Sold Out
David Tepper Sold Out
Manning & Napier Advisors, Inc 4,472,554 sh (-0.19%)
Murray Stahl 17,463 sh (-0.78%)
PRIMECAP Management 18,826,768 sh (-1.10%)
Private Capital 217,395 sh (-2.21%)
Jeremy Grantham 11,032,100 sh (-3.03%)
Jim Simons 2,796,300 sh (-4.41%)
Pioneer Investments 1,508,743 sh (-8.76%)
Ray Dalio 175,965 sh (-11.52%)
Robert Olstein 57,000 sh (-12.31%)
Scott Black 127,748 sh (-27.25%)
David Dreman 19,664 sh (-34.56%)
Paul Tudor Jones 3,300 sh (-36.54%)
Leon Cooperman 1,271,135 sh (-36.87%)
Louis Moore Bacon 5,502 sh (-55.55%)
Lee Ainslie 311,120 sh (-84.01%)
» More
Q3 2014

QCOM Guru Trades in Q3 2014

Dodge & Cox 11,456 sh (New)
Louis Moore Bacon 50,000 sh (+808.76%)
Brian Rogers 3,500,000 sh (+100.00%)
Joel Greenblatt 524,694 sh (+39.85%)
David Rolfe 6,637,080 sh (+35.51%)
Paul Tudor Jones 4,471 sh (+35.48%)
Bill Frels 985,973 sh (+28.81%)
Robert Olstein 72,000 sh (+26.32%)
Bill Nygren 4,245,000 sh (+19.07%)
David Dreman 22,680 sh (+15.34%)
Ray Dalio 202,065 sh (+14.83%)
Murray Stahl 20,016 sh (+14.62%)
Ken Fisher 9,301,782 sh (+0.23%)
Ruane Cunniff 302,382 sh (+0.01%)
Pioneer Investments 1,504,713 sh (unchged)
George Soros 175,000 sh (unchged)
John Hussman 150,000 sh (unchged)
Caxton Associates 200,000 sh (unchged)
Lee Ainslie Sold Out
Leon Cooperman Sold Out
Scott Black 127,520 sh (-0.18%)
Jeff Auxier 3,802 sh (-0.65%)
PRIMECAP Management 18,381,755 sh (-2.36%)
Private Capital 209,150 sh (-3.79%)
Jeremy Grantham 10,206,804 sh (-7.48%)
Mario Gabelli 54,510 sh (-8.17%)
First Pacific Advisors 1,930,000 sh (-13.74%)
Steven Romick 1,800,000 sh (-14.29%)
RS Investment Management 3,714 sh (-37.20%)
Manning & Napier Advisors, Inc 2,624,313 sh (-41.32%)
Jim Simons 427,500 sh (-84.71%)
» More
Q4 2014

QCOM Guru Trades in Q4 2014

John Buckingham 17,398 sh (New)
Sarah Ketterer 1,673,024 sh (New)
Jana Partners 4,400,705 sh (New)
Louis Moore Bacon 160,000 sh (+220.00%)
Paul Tudor Jones 11,491 sh (+157.01%)
Joel Greenblatt 716,980 sh (+36.65%)
David Rolfe 8,253,896 sh (+24.36%)
Jeremy Grantham 12,565,345 sh (+23.11%)
Brian Rogers 4,250,000 sh (+21.43%)
Bill Frels 1,173,597 sh (+19.03%)
Pioneer Investments 1,747,045 sh (+16.10%)
Murray Stahl 21,123 sh (+5.53%)
Steven Romick 1,836,000 sh (+2.00%)
First Pacific Advisors 1,966,400 sh (+1.89%)
Bill Nygren 4,245,000 sh (unchged)
Jeff Auxier 3,802 sh (unchged)
Robert Olstein 72,000 sh (unchged)
Jana Partners 6,164,600 sh (unchged)
Scott Black Sold Out
Jim Simons Sold Out
RS Investment Management Sold Out
Ruane Cunniff 302,267 sh (-0.04%)
Private Capital 208,060 sh (-0.52%)
David Dreman 22,556 sh (-0.55%)
Ken Fisher 9,221,036 sh (-0.87%)
Ray Dalio 193,365 sh (-4.31%)
Dodge & Cox 10,120 sh (-11.66%)
PRIMECAP Management 14,274,235 sh (-22.35%)
Mario Gabelli 12,800 sh (-76.52%)
Manning & Napier Advisors, Inc 51,800 sh (-98.03%)
John Hussman 2,500 sh (-98.33%)
» More
Q1 2015

QCOM Guru Trades in Q1 2015

James Barrow 18,445,837 sh (New)
Steven Cohen 1,536,700 sh (New)
Jana Partners 28,537,985 sh (+548.49%)
Paul Tudor Jones 58,714 sh (+410.96%)
John Buckingham 29,834 sh (+71.48%)
Robert Olstein 99,000 sh (+37.50%)
Pioneer Investments 2,351,776 sh (+34.61%)
David Rolfe 9,521,542 sh (+15.36%)
David Dreman 25,591 sh (+13.46%)
Bill Frels 1,291,397 sh (+10.04%)
PRIMECAP Management 15,447,680 sh (+8.22%)
Brian Rogers 4,500,000 sh (+5.88%)
Ken Fisher 9,331,250 sh (+1.20%)
First Pacific Advisors 1,977,300 sh (+0.55%)
Julian Robertson 40,000 sh (unchged)
Ruane Cunniff 302,267 sh (unchged)
Jeff Auxier 3,802 sh (unchged)
Bill Nygren 4,245,000 sh (unchged)
Steven Romick 1,836,000 sh (unchged)
John Hussman 2,500 sh (unchged)
Mario Gabelli Sold Out
Manning & Napier Advisors, Inc Sold Out
Private Capital Sold Out
Louis Moore Bacon Sold Out
Jeremy Grantham 11,870,524 sh (-5.53%)
Sarah Ketterer 1,504,909 sh (-10.05%)
Dodge & Cox 8,000 sh (-20.95%)
Joel Greenblatt 458,940 sh (-35.99%)
Ray Dalio 122,565 sh (-36.61%)
Murray Stahl 6,865 sh (-67.50%)
» More
» Details

Insider Trades

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Guru Investment Theses on Qualcomm Inc

Bill Nygren Comments on Qualcomm - Oct 08, 2013

Qualcomm Inc. (QCOM - $67)(QCOM)
Qualcomm is the global leader in wireless technology licensing and mobile device chipsets. Qualcomm has dominant market share in both businesses, and it uses the strong recurring cash flow from its licensing business to reinvest in its chipset business. The company owns intellectual property that defines many of the standards used for 3G and 4G wireless communication, which allows it to collect royalties from handset providers that license these ubiquitous standards. Qualcomm’s licensing business accounts for only a third of the company’s revenue, and it is often underappreciated. However, its licensing business has unusually high profitability and represents close to two-thirds of Qualcomm’s profits. The majority of the world’s mobile handset users are still using older 2G technology, which is not a focus area for Qualcomm, so when these customers upgrade to 3G and 4G, Qualcomm should be well positioned to enjoy robust incremental revenue. The company is also the leading provider of chipsets, which function as the brains for wireless devices. Qualcomm’s industry-leading product breadth and peer-leading R&D investment should drive the company’s chipset growth. We expect Qualcomm to earn over $4.50 per share in a couple of years, and after adjusting for $20/share of cash, this high-quality business is priced at a forward P/E of just 11x.

From Bill Nygren's Oakmark Fund third quarter 2013 commentary.
Check out Bill Nygren latest stock trades

David Rolfe of Wedgewood Partners Comments on Qualcomm - Jul 19, 2013

Qualcomm (QCOM) was one of our poorest performers during the quarter, declining nearly 9%. In fact the shares in this long held position (at approximately $60), are little changed since reaching t hat level in February 2011. Qualcomm is the leading arms merchant across the entire spectrum of mobile telecommunications and mobile computing. The Snapdragon processor has found its way into 780 devices at more than 85 carriers. The Company reports that the chip is currently being designed into more than 550 future smartphone designs – from low end to high end.

However, their lucrative competitive position is under attack on quite a few fronts. At the high end, concerns over global smartphone saturation has dampened growth expectations. At the ultra competitive low end of the smartphone market (more akin to richer features in more traditional cell phones) where integrated semiconductor chips can sell for as little as $10, the Company has a more difficult time differentiating their chips from other suppliers – most notably Asian supplies.

While the Company maintains a healthy +30% market share in the low end, Mr. Market, in our view, is convinced that a collapse in the Company's average selling price of their chips and chipsets is imminent. The Company has long raged such battles. Over the past ten years, the range of smartphone average selling prices (ASP) has remained relatively steady between $190 and $220. Over the past few ye ars, the Company's royalty rates have been based on smartphone ASP of approximately +$210. We expect a sentiment change on ASP pricing as Apple (a key Qualcomm base band chip client) rolls out a refreshed iPhone lineup later this year. Indeed, while the iPhone 4 and iPhone 4S still sell briskly in the millions of units, these two smartphones are positively geriatric at 21 and 36 months old, respectively. That said, a prospective drop of 10% in ASPs to $195 over the next few years a foregone conclusion as the Company has said as much the question is whether or not volume will pick up, in proportion, to offset the ASP decline.

Qualcomm's licensing revenue is typically a function of device ASPs and volume. We view ASPs as a double edged sword and as a result, over the long er term, should exhibit a flat to slightly declining trajectory. As the value proposition of smartphones become more attractive due to lower prices (compared to smartphone prices just a few years ago), we expect low priced feature phone subscribers will ultimately trade up to low end smartphones with higher ASP's, relative to their feature phone predecessors. In addition, given the highly commoditized nature of low end smartphones, we expect volume will closely offset, if not outpace average selling price declines. On the "high end," we think spectrum innovation from Qualcomm and telecom operators will drive a continued desire by consumers to upgrade devices in order to take advantage of faster, more efficient networks.

In addition, fears of a rejuvenated Intel making inroads in the mobile processor space with their next generation Atom based mobile processors are also weighing on the shares. Lastly, concerns over declining royalty rates at the profitable patent licensing division are quite real down the road. As the smartphone market migrates from 3G/4G, then on to LTE only devices, royalty rates will no doubt decline. Even with declining LTE royalty rates, the Company still possesses best in class IP in apps processing, WiFi integration, power efficiency and smartphone carrier roadmaps to propel robust unit growth. The Company has over 300 devices approved, based on their LTE chips, and over 400 design wins on future LTE devices. Further, the industry research firms of Gartner and Strategy Analytics expect cumulative smartphone unit sales of approximately 5 billion from 2012 to 2016.

In summary, Qualcomm's competitive edge is its unrivaled patent portfolio of 3G and 4G air interface technologies. Around two thirds of the Company's consolidated operating profits are generated by licensing this technology to electronics manufacturers, most notably feature phones and smartphone OEMs, which seek to include cellular equipment in their devices. At $60 per share, the market implied growth rate of the company (revenues) is less than 10%, as well as assuming a 300 400 basis point decline in operating margins. Given that Qualcomm is our 5th largest holding, we certainly believe that the market is over discounting the concerns chronicled above.

From Wedgewood Partners second quarter 2013 investor letter.

Check out David Rolfe latest stock trades

Top Ranked Articles about Qualcomm Inc

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In his role as manager of Wedgewood Partners’ portfolio, David Rolfe (Trades, Portfolio)’s investment philosophy has been centered around the belief that significant wealth can be created by investing as “owners” of companies. Read more...
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Ratios

vs
industry
vs
history
P/E(ttm) 14.92
QCOM's P/E(ttm) is ranked higher than
70% of the 322 Companies
in the Global Communication Equipment industry.

( Industry Median: 22.80 vs. QCOM: 14.92 )
Ranked among companies with meaningful P/E(ttm) only.
QCOM' s 10-Year P/E(ttm) Range
Min: 13.2  Med: 22.24 Max: 49.85
Current: 14.92
13.2
49.85
Forward P/E 12.39
QCOM's Forward P/E is ranked higher than
73% of the 168 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.37 vs. QCOM: 12.39 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 15.30
QCOM's PE(NRI) is ranked higher than
71% of the 318 Companies
in the Global Communication Equipment industry.

( Industry Median: 23.00 vs. QCOM: 15.30 )
Ranked among companies with meaningful PE(NRI) only.
QCOM' s 10-Year PE(NRI) Range
Min: 13.21  Med: 21.59 Max: 49.59
Current: 15.3
13.21
49.59
P/B 2.72
QCOM's P/B is ranked lower than
65% of the 498 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.81 vs. QCOM: 2.72 )
Ranked among companies with meaningful P/B only.
QCOM' s 10-Year P/B Range
Min: 2.62  Med: 3.58 Max: 7.15
Current: 2.72
2.62
7.15
P/S 3.88
QCOM's P/S is ranked lower than
79% of the 509 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.25 vs. QCOM: 3.88 )
Ranked among companies with meaningful P/S only.
QCOM' s 10-Year P/S Range
Min: 3.85  Med: 6.67 Max: 14.8
Current: 3.88
3.85
14.8
PFCF 20.82
QCOM's PFCF is ranked lower than
54% of the 235 Companies
in the Global Communication Equipment industry.

( Industry Median: 19.81 vs. QCOM: 20.82 )
Ranked among companies with meaningful PFCF only.
QCOM' s 10-Year PFCF Range
Min: 10.6  Med: 21.80 Max: 39.72
Current: 20.82
10.6
39.72
POCF 17.92
QCOM's POCF is ranked lower than
57% of the 313 Companies
in the Global Communication Equipment industry.

( Industry Median: 15.74 vs. QCOM: 17.92 )
Ranked among companies with meaningful POCF only.
QCOM' s 10-Year POCF Range
Min: 8.55  Med: 18.00 Max: 33.82
Current: 17.92
8.55
33.82
EV-to-EBIT 12.36
QCOM's EV-to-EBIT is ranked higher than
63% of the 327 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.59 vs. QCOM: 12.36 )
Ranked among companies with meaningful EV-to-EBIT only.
QCOM' s 10-Year EV-to-EBIT Range
Min: 10.6  Med: 18.70 Max: 32.7
Current: 12.36
10.6
32.7
PEG 0.70
QCOM's PEG is ranked higher than
79% of the 108 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.56 vs. QCOM: 0.70 )
Ranked among companies with meaningful PEG only.
QCOM' s 10-Year PEG Range
Min: 0.6  Med: 1.12 Max: 7.84
Current: 0.7
0.6
7.84
Shiller P/E 19.02
QCOM's Shiller P/E is ranked higher than
63% of the 216 Companies
in the Global Communication Equipment industry.

( Industry Median: 26.56 vs. QCOM: 19.02 )
Ranked among companies with meaningful Shiller P/E only.
QCOM' s 10-Year Shiller P/E Range
Min: 18.88  Med: 29.64 Max: 137
Current: 19.02
18.88
137
Current Ratio 3.36
QCOM's Current Ratio is ranked higher than
76% of the 489 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.16 vs. QCOM: 3.36 )
Ranked among companies with meaningful Current Ratio only.
QCOM' s 10-Year Current Ratio Range
Min: 1.65  Med: 4.25 Max: 9.29
Current: 3.36
1.65
9.29
Quick Ratio 3.06
QCOM's Quick Ratio is ranked higher than
80% of the 489 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.64 vs. QCOM: 3.06 )
Ranked among companies with meaningful Quick Ratio only.
QCOM' s 10-Year Quick Ratio Range
Min: 1.31  Med: 4.01 Max: 9.17
Current: 3.06
1.31
9.17
Days Inventory 48.43
QCOM's Days Inventory is ranked higher than
68% of the 485 Companies
in the Global Communication Equipment industry.

( Industry Median: 69.56 vs. QCOM: 48.43 )
Ranked among companies with meaningful Days Inventory only.
QCOM' s 10-Year Days Inventory Range
Min: 28.5  Med: 46.17 Max: 82.09
Current: 48.43
28.5
82.09
Days Sales Outstanding 27.32
QCOM's Days Sales Outstanding is ranked higher than
91% of the 462 Companies
in the Global Communication Equipment industry.

( Industry Median: 70.99 vs. QCOM: 27.32 )
Ranked among companies with meaningful Days Sales Outstanding only.
QCOM' s 10-Year Days Sales Outstanding Range
Min: 24.23  Med: 44.69 Max: 132.28
Current: 27.32
24.23
132.28

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.76
QCOM's Dividend Yield is ranked higher than
69% of the 413 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.94 vs. QCOM: 2.76 )
Ranked among companies with meaningful Dividend Yield only.
QCOM' s 10-Year Dividend Yield Range
Min: 0.45  Med: 1.49 Max: 2.6
Current: 2.76
0.45
2.6
Dividend Payout 0.40
QCOM's Dividend Payout is ranked higher than
91% of the 228 Companies
in the Global Communication Equipment industry.

( Industry Median: 0.41 vs. QCOM: 0.40 )
Ranked among companies with meaningful Dividend Payout only.
QCOM' s 10-Year Dividend Payout Range
Min: 0.12  Med: 0.32 Max: 0.8
Current: 0.4
0.12
0.8
Dividend growth (3y) 23.90
QCOM's Dividend growth (3y) is ranked higher than
80% of the 147 Companies
in the Global Communication Equipment industry.

( Industry Median: -2.40 vs. QCOM: 23.90 )
Ranked among companies with meaningful Dividend growth (3y) only.
QCOM' s 10-Year Dividend growth (3y) Range
Min: 0  Med: 10.50 Max: 70.3
Current: 23.9
0
70.3
Yield on cost (5-Year) 6.61
QCOM's Yield on cost (5-Year) is ranked higher than
89% of the 424 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.07 vs. QCOM: 6.61 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
QCOM' s 10-Year Yield on cost (5-Year) Range
Min: 1.08  Med: 3.57 Max: 6.23
Current: 6.61
1.08
6.23
Share Buyback Rate -0.50
QCOM's Share Buyback Rate is ranked higher than
60% of the 324 Companies
in the Global Communication Equipment industry.

( Industry Median: -1.50 vs. QCOM: -0.50 )
Ranked among companies with meaningful Share Buyback Rate only.
QCOM' s 10-Year Share Buyback Rate Range
Min: 0.7  Med: -1.50 Max: -11.2
Current: -0.5

Valuation & Return

vs
industry
vs
history
Price/Net Cash 16.56
QCOM's Price/Net Cash is ranked lower than
70% of the 125 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.35 vs. QCOM: 16.56 )
Ranked among companies with meaningful Price/Net Cash only.
QCOM' s 10-Year Price/Net Cash Range
Min: 8.01  Med: 18.96 Max: 1258.04
Current: 16.56
8.01
1258.04
Price/Net Current Asset Value 9.04
QCOM's Price/Net Current Asset Value is ranked lower than
72% of the 373 Companies
in the Global Communication Equipment industry.

( Industry Median: 4.27 vs. QCOM: 9.04 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
QCOM' s 10-Year Price/Net Current Asset Value Range
Min: 5.19  Med: 11.96 Max: 179.38
Current: 9.04
5.19
179.38
Price/Tangible Book 3.33
QCOM's Price/Tangible Book is ranked lower than
62% of the 474 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.11 vs. QCOM: 3.33 )
Ranked among companies with meaningful Price/Tangible Book only.
QCOM' s 10-Year Price/Tangible Book Range
Min: 3.05  Med: 4.62 Max: 31.45
Current: 3.33
3.05
31.45
Price/Projected FCF 0.97
QCOM's Price/Projected FCF is ranked higher than
62% of the 240 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.27 vs. QCOM: 0.97 )
Ranked among companies with meaningful Price/Projected FCF only.
QCOM' s 10-Year Price/Projected FCF Range
Min: 0.84  Med: 1.76 Max: 337.84
Current: 0.97
0.84
337.84
Price/DCF (Earnings Based) 0.78
QCOM's Price/DCF (Earnings Based) is ranked higher than
81% of the 16 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.70 vs. QCOM: 0.78 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 0.58
QCOM's Price/Median PS Value is ranked higher than
90% of the 482 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.17 vs. QCOM: 0.58 )
Ranked among companies with meaningful Price/Median PS Value only.
QCOM' s 10-Year Price/Median PS Value Range
Min: 0.03  Med: 1.04 Max: 4.4
Current: 0.58
0.03
4.4
Price/Peter Lynch Fair Value 1.30
QCOM's Price/Peter Lynch Fair Value is ranked higher than
55% of the 77 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.61 vs. QCOM: 1.30 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
QCOM' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.65  Med: 1.46 Max: 32.88
Current: 1.3
0.65
32.88
Price/Graham Number 1.46
QCOM's Price/Graham Number is ranked higher than
53% of the 303 Companies
in the Global Communication Equipment industry.

( Industry Median: 1.62 vs. QCOM: 1.46 )
Ranked among companies with meaningful Price/Graham Number only.
QCOM' s 10-Year Price/Graham Number Range
Min: 1.56  Med: 2.41 Max: 23.22
Current: 1.46
1.56
23.22
Earnings Yield (Greenblatt) (%) 8.35
QCOM's Earnings Yield (Greenblatt) (%) is ranked higher than
76% of the 501 Companies
in the Global Communication Equipment industry.

( Industry Median: 2.10 vs. QCOM: 8.35 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
QCOM' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 3.1  Med: 5.40 Max: 9.4
Current: 8.35
3.1
9.4
Forward Rate of Return (Yacktman) (%) 16.43
QCOM's Forward Rate of Return (Yacktman) (%) is ranked higher than
68% of the 197 Companies
in the Global Communication Equipment industry.

( Industry Median: 8.59 vs. QCOM: 16.43 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
QCOM' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: 1.6  Med: 18.10 Max: 44.2
Current: 16.43
1.6
44.2

Analyst Estimate

Sep15 Sep16 Sep17
Revenue(Mil) 25,977 26,883 29,026
EPS($) 4.53 5.09 5.54
EPS without NRI($) 4.53 5.09 5.54

Business Description

Industry: Communication Equipment » Communication Equipment
Compare:PTFRY, CSCO, ERIC, NOK, JNPR » details
Traded in other countries:QCI.Germany, QCOM.Chile, 0QZ3.UK, QCOM.Argentina, QCOM.Mexico, QCOM34.Brazil, QCOM.Switzerland,
Qualcomm Inc was incorporated in July, 1985 in California. The Company develops & commercializes digital communication technology called CDMA (Code Division Multiple Access), & owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications & trade secrets. It is also engaged in the development and commercialization of OFDMA (Orthogonal Frequency Division Multiple Access) -based technologies for which it owns substantial intellectual property. Its products principally consist of integrated circuits (also known as chips or chipsets) and system software used in mobile devices and in wireless networks. The Company also sells other products and services, which include: integrated circuits for use in wired devices, particularly broadband gateway equipment, desktop computers, televisions, set-top boxes and Blu-ray players; content enablement services to wireless operators; development, other services and related wireless communications products used by the United States government; location awareness and commerce services; and software and hardware development services. The Company conducts business primarily through four reportable segments: QCT, QTL, QWI and QSI. QCT (Qualcomm CDMA Technologies), QIS (Qualcomm Internet Services) Division that provides software products and content enablement services to wireless operators to support and accelerate the growth and advancement of wireless data products and services, QGOV (Qualcomm Government Technologies) Division that provides development and other services and related products involving wireless communications technologies to U.S. government agencies and their contractors. QRS (Qualcomm Retail Solutions) Division includes its retail services business, builds and manages software applications that enable certain mobile location-awareness and commerce services. QSI (Qualcomm Strategic Initiatives) Segment makes strategic investments that may open new or expand opportunities for its technologies, support the design and introduction of new products and services for voice and data communications capabilities or technology. Non-reportable segments are comprised of its QMT (Qualcomm MEMS Technologies) division and other display, wireless technology and services initiatives that include, but are not limited to: low power consumption, high optical performance flat display modules; medical device connectivity and related data management; augmented reality; and device-to-device communications and supplier of integrated circuits and system software based on CDMA, OFDMA and other technologies for use in voice and data communications, networking, application processing, and multimedia QCTs integrated circuit products and system software are sold to and/or licensed to manufacturers that use its products in wireless devices, particularly mobile phones, tablets, laptops, data modules, handheld wireless computers and gaming devices, access poi
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