Company Valuation: Applied Materials, Inc.

Data adjusted to current consolidation scope
Fiscal Period: October 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 119,187 75,828 109,452 153,768 182,232 362,269 - -
Change - -36.38% 44.34% 40.49% 18.51% 98.8% - -
Enterprise Value (EV) 1 119,180 78,704 108,144 150,556 180,214 360,054 354,121 348,004
Change - -33.96% 37.41% 39.22% 19.7% 99.79% -1.65% -1.73%
P/E 20.6x 11.8x 16.1x 21.7x 26.4x 34.6x 24.8x 19.1x
PBR 9.68x 6.3x 6.72x 8.19x 9.05x 13.3x 10.5x 8.79x
PEG - 0.7x 1.79x 3.52x 45.46x 0.7x 0.6x 0.6x
Capitalization / Revenue 5.17x 2.94x 4.13x 5.66x 6.42x 10.6x 7.85x 6.53x
EV / Revenue 5.17x 3.05x 4.08x 5.54x 6.35x 10.5x 7.68x 6.28x
EV / EBITDA 15.4x 9.48x 13.1x 18.1x 20x 30.4x 20.9x 16.4x
EV / EBIT 16.3x 10x 14x 19x 21x 31.8x 21.6x 17.2x
EV / FCF 25x 17.1x 14.2x 20.1x 31.6x 63.8x 33.4x 24.9x
FCF Yield 4.01% 5.86% 7.02% 4.97% 3.16% 1.57% 3% 4.01%
Dividend per Share 2 0.94 1.02 1.22 - 1.78 1.977 2.21 2.556
Rate of return 0.71% 1.16% 0.93% - 0.78% 0.43% 0.48% 0.56%
EPS 2 6.4 7.44 8.11 8.61 8.66 13.19 18.44 23.92
Distribution rate 14.7% 13.7% 15% - 20.6% 15% 12% 10.7%
Net sales 1 23,063 25,785 26,517 27,176 28,368 34,254 46,132 55,445
EBITDA 1 7,716 8,305 8,234 8,316 8,997 11,854 16,981 21,211
EBIT 1 7,322 7,861 7,719 7,924 8,562 11,335 16,405 20,234
Net income 1 5,888 6,525 6,856 7,177 6,998 10,537 14,616 18,519
Net Debt 1 -7 2,876 -1,308 -3,212 -2,018 -2,215 -8,148 -14,265
Reference price 2 132.00 88.14 130.84 186.52 228.75 456.49 456.49 456.49
Nbr of stocks (in thousands) 902,929 860,309 836,534 824,404 796,642 793,597 - -
Announcement Date 11/18/21 A 11/17/22 A 11/16/23 A 11/14/24 A 11/13/25 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.61x10.51x30.37x0.43% 362B
61.76x9.05x47.96x0.15% 68.58B
62.61x18.25x80x0.13% 47.37B
35.9x9.42x24.46x0.49% 47.2B
29.93x9.43x19.76x1.32% 36.71B
67.74x20.39x77.5x0.15% 26.78B
35.89x3.37x10.27x0.43% 25.76B
75.84x14.79x71.6x0.33% 19.73B
43.98x15.03x32.72x1.88% 17.75B
70.58x18.72x66.46x0.19% 17.51B
Average 51.88x 12.90x 46.11x 0.55% 66.97B
Weighted average by Cap. 42.98x 11.35x 38.02x 0.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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