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Analog Devices Inc.
ADI
211.35 (-0.22%) 0.46
104.89(B)
Information Technology
Semiconductors and Semiconductor Equipment
Analog Devices Inc. engages in the design manufacture testing and marketing of integrated circuits (ICs) software and subsystems products in the United States rest of North and South America Europe Japan China and rest of Asia. The company provides data converter products which translate real-world analog signals into digital data as well as translates digital data into analog signals; power management and reference products for power conversion driver monitoring sequencing and energy management applications in the automotive communications industrial and consumer markets; and power ICs that include performance integration and software design simulation tools for accurate power supply designs. It also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions including accelerometers used to sense acceleration gyroscopes for sense rotation inertial measurement units to sense multiple degrees of freedom and broadband switches for radio and instrument systems as well as isolators. In addition the company provides digital signal processing and system products for numeric calculations. It serves clients in the industrial automotive consumer instrumentation aerospace defense and healthcare and communications markets through a direct sales force third-party distributors and independent sales representatives as well as online. The company was incorporated in 1965 and is headquartered in Wilmington Massachusetts.
Holdings:
Shares:
Cost basis:

Analog Devices Inc. (ADI) price target and intrinsic value estimate

ADI's fair price estimate is $204.5

This valuation is based on a fair P/E of 20.5 and EPS estimates of $9.98

The median analyst price target for ADI is $252.5.

Analyst price targets range from $212.1 to $295.0

Is ADI overvalued or undervalued?

ADI is currently trading at $211.35

ADI is overvalued by 3% using the pevaluation method.

ADI is undervalued by 16% compared to median analyst price targets.

Do you agree with this valuation?

Valuation

PEvaluation

Low $153.4
Median $204.5
High $255.7
Fair P/E
Margin of safety

Analyst valuation

Low $212.1
Median $252.5
High $295.0
Strong Buy4
Buy15
Hold13
Sell0
Strong Sell0

Discounted cash-flow

TTM FCFFCF est.Growth FCFTerminal FCF
10%
5%
5y
10%
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: Medium
None/narrowMediumWideVery wide

Overview

Market data

Market cap:$104.89(B)
Enterprise value:$107.74(B)
Total Equity:$35.18(B)
Shares outstanding:496.30(M)
Div. yield:1.74%
P/S:11.12
P/E:64.05
P/FCF:33.60
P/B:2.98
EPS:$3.3
FCF per share:$6.3
Dividend per share:$3.7

Income (TTM)

RevenueGrossNet
Revenue$9.43(B)
Gross profit$5.38(B)
EBITDA$4.17(B)
Net income$1.64(B)
Gross margin57.1%
Net margin17.3%

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$48.23(B)
Total liabilities$13.05(B)
Cash & Short-term inv.$2.36(B)
Long-term debt$6.63(B)
Debt issued$11.27(B)
Debt repaid$-10.68(B)

Cash flow (TTM)

CFOCFICFF
FCF$3.12(B)
CapEx$-730.46(M)
Dividends paid$-1.80(B)
Stock issued$121.22(M)
Stock repurchased$-615.59(M)
Stock-based comp.$262.71(M)

Future Growth

Revenue

CAGR: 11.7%
FY+1$10.17(B)
FY+2$11.54(B)
FY+3$12.72(B)
FY+4$15.33(B)
FY+5$15.82(B)

Net Income

CAGR: 19.5%
FY+1$3.53(B)
FY+2$4.47(B)
FY+3$5.14(B)
FY+4$6.76(B)
FY+5$7.20(B)

EPS

CAGR: 20.6%
FY+1$7.11
FY+2$8.96
FY+3$10.69
FY+4$14.26
FY+5$15.04

FCF per share

CAGR: 21.3%
FY+1$7.58
FY+2$9.34
FY+3$11.15

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Historical Financials

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