Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Broadcom

AVGO stock analysis · Information Technology · Semiconductors

FY 2025-11-02ANNUAL FILINGS
Compare ⇄
These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$377.75HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$1.8T

Price × SEC outstanding shares. Shares measured 2026-05-29. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$85.92

Equity cash-flow scenario · SEC outstanding shares at 2026-05-29 · -77.3% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

45.0%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

Requires market caps for at least five comparable profitable issuers.

Requires market caps for at least five comparable profitable issuers.

How this is calculated ↗
Valuation

Historical multiples

42.7×

5 annual observations

How this is calculated ↗
Valuation

Free cash flow yield

1.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

15.7%

Normalized tax · financing-capital proxy · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

3.3%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

0.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-2.6%

Annual basis · read assumptions below

How this is calculated ↗
Momentum

Fundamental momentum

14.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 27.5B2020-11-01: cfo $12,061,000,000.002020-11-01: capex $463,000,000.0020202021-10-31: cfo $13,764,000,000.002021-10-31: capex $443,000,000.0020212022-10-30: cfo $16,736,000,000.002022-10-30: capex $424,000,000.0020222023-10-29: cfo $18,085,000,000.002023-10-29: capex $452,000,000.0020232024-11-03: cfo $19,962,000,000.002024-11-03: capex $548,000,000.0020242025-11-02: cfo $27,537,000,000.002025-11-02: capex $623,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$107.77$117.59$128.15
10.0%$78.97$85.92$93.38
12.0%$62.30$67.61$73.29

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-11-0263.9B23.1B27.5B623M171.1B
2024-11-0351.6B5.9B20B548M165.6B
2023-10-2935.8B14.1B18.1B452M72.9B
2022-10-3033.2B11.5B16.7B424M73.2B
2021-10-3127.5B6.7B13.8B443M75.6B
2020-11-0123.9B3B12.1B463M75.9B
2019-11-0322.6B2.7B9.7B432M67.5B
2018-11-0420.8B12.6B8.9B635M50.1B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue63.9BRevenueFromContractWithCustomerExcludingAssessedTax2025-12-18
netIncome23.1BProfitLoss
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-12-18
Parent/common earnings proxyNot reported under a supported tag
cfo27.5BNetCashProvidedByUsedInOperatingActivities2025-12-18
capex623MPaymentsToAcquirePropertyPlantAndEquipment2025-12-18
operatingIncome25.5BOperatingIncomeLoss2025-12-18
assets171.1BAssets2025-12-18
equity81.3BStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Explicit consolidated amount, including the portion attributable to noncontrolling interests.
2025-12-18
Parent book equity proxyNot reported under a supported tag
debt65.1BLongTermDebtAndCapitalLeaseObligationsCurrent + LongTermDebtAndCapitalLeaseObligations2025-12-18
shortDebtNot reported under a supported tag
cash16.2BCashAndCashEquivalentsAtCarryingValue2025-12-18
shares4.9BWeightedAverageNumberOfDilutedSharesOutstanding2025-12-18
dividends11.1BPaymentsOfDividendsCommonStock2025-12-18
buybacks2.5BPaymentsForRepurchaseOfCommonStock2025-12-18
issuance221MProceedsFromIssuanceOfCommonStock2025-12-18