当前价格
$156.00
内在价值
使用下方计算器估算
对 QUALCOMM Incorporated 运行完整的 DCF 分析，自动填充基本面数据，可调节假设参数，含敏感性热力图。
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.
ROIC (TTM)
-0.7%
ROE (TTM)
40.2%
FCF Yield
7.50%
基于过去 12 个月的数据，QCOM 每股自由现金流为 N/A，投入资本回报率（ROIC）为 -0.7%，这些是使用 DCF 方法进行股票估值的关键输入。P/FCF 比率为 N/A，FCF 收益率为 7.50%，是评估 QCOM 相对估值的重要参考指标。
QCOM 的内在价值取决于未来增长率、折现率（WACC）和终值假设。DCF 模型将预期自由现金流折现回现值——WACC 的小幅变化可能导致估算偏移 20% 以上，因此敏感性分析至关重要。
QCOM 是否被低估取决于 DCF 内在价值与当前市价 $156.00 的比较。正的安全边际（内在价值高于市价）暗示潜在低估，但置信度取决于增长率和折现率假设的可靠性。
对 QUALCOMM Incorporated 进行 DCF 估值的步骤：(1) 以过去 12 个月每股自由现金流为基础，(2) 根据Semiconductors行业趋势和公司基本面预测未来 5-10 年的 FCF 增长，(3) 选择反映 QCOM 风险的折现率（WACC），(4) 加上预测期之后的终值。
DCF（折现现金流）根据公司未来的现金产生能力估算其当前价值。对于 QUALCOMM Incorporated，这意味着预测Semiconductors在未来 5-10 年能产生多少自由现金流，再折现到今天的价值。QCOM 的 ROIC 为 -0.7%，表明公司可能面临产生超过资本成本回报的挑战。
WACC（加权平均资本成本）是 DCF 模型中的折现率——反映投资者要求的最低回报。对于 QCOM，资本结构和股权风险溢价决定了 WACC。WACC 每提高 1%，内在价值通常下降 10-15%。
