| | | So I just had a glance at Broadcom's Q4 2021 results, and for their 2021 year EBITDA was $16.7 billion.
In fiscal 2024 they're guiding to $30 billion of EBITDA.
So in three years EBITDA is a bit less than a double.
And the stock price?
2021 looks like it was abourt $500 give or take $50.
Now, on the verge of a bit less than a double in EBITDA, the share price is $1,400 give or take.
So EBITDA has about doubled in three years, while the share price has about tripled over the same period.
Hmmm, a lot of that EBITDA growth is actually probably acquired, so there's that in the comparison - this is not organic EBITDA growth, so ...... hmmm, that throws the whole comparison into murkiness I guess. Software gets a higher multiple than semis and systems, and I think they've recently been acquiring software companies, so maybe the comparison doesn't work at all.
Never mind! |
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