Broadcom is now ranked among the top 25 undervalued stocks included in the Nasdaq Composite Index.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Stocks in this market cap category are held primarily for capital appreciation and/or dividends.
Inclusion in a major index means a company ranks among the largest in their market. This also implies stability by-way of institutional support for the stock by index funds.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| INTC | Intel | 29.85 | 44.83 | 14.98 (50.2%) | 53049586 | 126623.7 | 1.7 | 30.8 |
| ILMN | Illumina | 110.53 | 164.25 | 53.72 (48.6%) | 1624608 | 17574.3 | 0.0 | 0.0 |
| SIRI | Sirius XM Holdings | 3.03 | 4.41 | 1.38 (45.7%) | 17996835 | 11711.0 | 3.4 | 9.2 |
| SBUX | Starbucks | 76.11 | 97.50 | 21.39 (28.1%) | 15980339 | 86415.3 | 2.9 | 21.0 |
| WBA | Walgreens Boots Alliance | 17.19 | 22.00 | 4.81 (28.0%) | 8383635 | 14826.4 | 9.8 | 0.0 |
| WDAY | Workday | 246.34 | 314.20 | 67.86 (27.6%) | 1994800 | 65350.3 | 0.0 | 47.3 |
| DDOG | Datadog | 118.97 | 150.60 | 31.63 (26.6%) | 4896706 | 42350.8 | 0.0 | 349.9 |
| WBD | Warner Bros. Discovery | 8.15 | 10.25 | 2.10 (25.7%) | 31287262 | 19910.5 | 0.0 | 0.0 |
| PDD | PDD Holdings | 136.27 | 167.70 | 31.43 (23.1%) | 8476642 | 198941.6 | 0.0 | 23.9 |
| CHTR | Charter Communications | 275.55 | 334.23 | 58.68 (21.3%) | 1414879 | 40407.5 | 0.0 | 8.9 |
| PYPL | PayPal Holdings | 62.93 | 75.60 | 12.67 (20.1%) | 13090480 | 67461.0 | 0.0 | 15.9 |
| AMD | Advanced Micro Devices | 151.92 | 182.50 | 30.58 (20.1%) | 50693225 | 248996.9 | 0.0 | 220.2 |
| MDB | MongoDB | 353.47 | 424.23 | 70.76 (20.0%) | 1137443 | 25184.4 | 0.0 | 0.0 |
| TEAM | Atlassian | 179.75 | 210.62 | 30.87 (17.2%) | 1860730 | 47054.6 | 0.0 | 0.0 |
| CSCO | Cisco Systems | 48.06 | 54.44 | 6.38 (13.3%) | 15867958 | 195748.4 | 3.3 | 14.6 |
| AMAT | Applied Mat | 209.73 | 237.50 | 27.77 (13.2%) | 4374344 | 175544.0 | 0.6 | 24.7 |
| REGN | Regeneron Pharmaceuticals | 973.80 | 1100.37 | 126.57 (13.0%) | 491658 | 112084.4 | 0.0 | 28.8 |
| XEL | Xcel Energy | 55.46 | 62.50 | 7.04 (12.7%) | 4363957 | 30835.8 | 3.8 | 16.7 |
| BKR | Baker Hughes | 32.34 | 36.28 | 3.94 (12.2%) | 6366585 | 32469.4 | 2.5 | 18.1 |
| AMZN | Amazon.com | 187.48 | 210.05 | 22.57 (12.0%) | 45519706 | 2000411.6 | 0.0 | 52.5 |
| MNST | Monster Beverage | 55.46 | 62.00 | 6.54 (11.8%) | 6727548 | 58304.1 | 0.0 | 35.1 |
| ON | ON Semiconductor | 70.46 | 78.60 | 8.14 (11.6%) | 7835061 | 30755.8 | 0.0 | 14.4 |
| DLTR | Dollar Tree | 121.04 | 134.92 | 13.88 (11.5%) | 2133256 | 26568.3 | 0.0 | 0.0 |
| EA | Electronic Arts | 127.14 | 140.79 | 13.65 (10.7%) | 1877429 | 34582.1 | 0.6 | 27.2 |
| AVGO | Broadcom | 1332.80 | 1472.91 | 140.11 (10.5%) | 2256912 | 622417.6 | 1.5 | 49.5 |
All data provided as of May 14, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Broadcom
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone.
Broadcom is listed under AVGO on the NASDAQ.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
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