A Business at a Glance
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GLOBALFOUNDRIES Inc.
GFS
$29.9B
Mkt Cap
$53.53
-5.94%
GLOBALFOUNDRIES Inc. (GFS) has a current P/E ratio of 33.7, compared to its historical median P/E of 22.5. The stock is currently considered Expensive based on its historical valuation range.
GLOBALFOUNDRIES Inc. (GFS) has a 5-year average return on invested capital (ROIC) of 5.4%. This is below average and may indicate limited pricing power.
GLOBALFOUNDRIES Inc. (GFS) has a market capitalization of $29.9B. It is classified as a large-cap stock.
GLOBALFOUNDRIES Inc. (GFS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.67%.
Based on historical P/E analysis, GLOBALFOUNDRIES Inc. (GFS) appears expensive. The current P/E of 33.7 is 49% above its historical median of 22.5. The estimated fair value CAGR (P/E method) is 7.6%.
GLOBALFOUNDRIES Inc. (GFS) operates in the Semiconductors & Related Devices industry, within the Technology sector.
GLOBALFOUNDRIES Inc. (GFS) reported annual revenue of $6.8 billion in its most recent fiscal year, based on SEC EDGAR filings.
ITEM 4. INFORMATION ON THE COMPANY A. History and Development of the Company GLOBALFOUNDRIES Inc. (“GlobalFoundries,” “GF,” “we,” “us,” or “our”) is an exempted company with limited liability that was incorporated under the laws of the Cayman Island in October 2008. Our principal executive offices are located at 400 Stonebreak Road Extension, Malta, New York, 12020, United States, and our telephone number is +1 (518) 305-9013. We have appointed Corporation Service Company as our agent to receive service of process with respect to any action brought against us in the United States under the federal securities laws of the United States or of any state in the United States. The address of the Corporation Service Company is 251 Little Falls Drive, Wilmington, DE 19808. GF is a leading global semiconductor manufacturer with operations spanning three continents. GF was established in 2009 when a wholly-owned subsidiary of Mubadala, acquired Advanced Micro Devices, Inc.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 6.8B | 6.8B | 6.8B | 7.4B | 8.1B | 6.6B |
| Net Income | 888M | 888M | -262M | 1.0B | 1.4B | -254M |
| EPS | $1.59 | $1.59 | $-0.48 | $1.83 | $2.62 | $-0.49 |
| Free Cash Flow | 1.0B | 1.0B | 1.1B | 321M | -435M | 1.1B |
| ROIC | 6.9% | 7.1% | -2.1% | 10.1% | 13.0% | -0.9% |
| Gross Margin | 24.9% | 24.9% | 24.5% | 28.4% | 27.6% | 15.4% |
| Debt/Equity | 0.10 | 0.10 | 0.17 | 0.21 | 0.25 | 0.25 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 797M | 797M | -214M | 1.1B | 1.2B | -60M |
| Operating Margin | 11.7% | 11.7% | -3.2% | 15.3% | 14.4% | -0.9% |
| ROE | 7.4% | 7.8% | -2.4% | 9.6% | 16.1% | -3.3% |
| Shares Outstanding | 558M | 558M | 546M | 556M | 552M | 518M |
| Metric | 2019 | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 5.8B | 4.9B | 6.6B | 8.1B | 7.4B | 6.8B | 6.8B | 6.8B |
| Gross Margin | N/A | N/A | 15.4% | 27.6% | 28.4% | 24.5% | 24.9% | 24.9% |
| R&D | 583M | 476M | 478M | 482M | 428M | 496M | 518M | 518M |
| SG&A | 446M | 445M | 595M | 496M | 473M | 427M | 375M | 375M |
| EBIT | 74M | 442M | -60M | 1.2B | 1.1B | -214M | 797M | 797M |
| Op. Margin | 1.3% | 9.1% | -0.9% | 14.4% | 15.3% | -3.2% | 11.7% | 11.7% |
| Net Income | -1.4B | -1.4B | -254M | 1.4B | 1.0B | -262M | 888M | 888M |
| Net Margin | -23.6% | -27.9% | -3.9% | 17.8% | 13.8% | -3.9% | 13.1% | 13.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | N/A | 6.2% | -0.9% | 13.0% | 10.1% | -2.1% | 7.1% | 6.9% |
| ROE | N/A | -16.6% | -3.3% | 16.1% | 9.6% | -2.4% | 7.8% | 7.4% |
| ROA | N/A | N/A | -1.7% | 8.8% | 5.7% | -1.5% | 5.2% | 5.2% |
| Cash Flow | ||||||||
| Op. Cash Flow | 497M | 1.0B | 2.8B | 2.6B | 2.1B | 1.7B | 1.7B | 1.7B |
| Free Cash Flow | -91M | 412M | 1.1B | -435M | 321M | 1.1B | 1.0B | 1.0B |
| Owner Earnings | -1.9B | -1.5B | 1.2B | 1.0B | 674M | 154M | 417M | 417M |
| CapEx | 588M | 592M | 1.8B | 3.1B | 1.8B | 625M | 722M | 722M |
| Maint. CapEx | 2.4B | 2.5B | 1.6B | 1.6B | 1.5B | 1.6B | 1.3B | 1.3B |
| Growth CapEx | 0 | 0 | 149M | 1.4B | 353M | 0 | 0 | 0 |
| D&A | 2.4B | 2.5B | 1.6B | 1.6B | 1.5B | 1.6B | 1.3B | 1.3B |
| CapEx/OCF | N/A | N/A | 62.2% | 116.6% | 84.9% | 36.3% | 41.7% | 41.7% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 200M | 200M | 200M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 3.2B | 3.2B | 960M | 390M | 305M | 637M | 860M | 860M |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | -926M | 159M | -15M | -386M | -658M | -658M |
| Cash & Equiv. | 997M | 908M | 2.9B | 2.4B | 2.4B | 2.2B | 1.8B | 1.8B |
| Long-Term Debt | N/A | N/A | 1.7B | 2.3B | 1.8B | 1.1B | 1.1B | 1.1B |
| Debt/Equity | N/A | N/A | 0.25 | 0.25 | 0.21 | 0.17 | 0.10 | 0.10 |
| Interest Coverage | 0.3 | 2.9 | -0.5 | 10.5 | 8.2 | -1.5 | 8.6 | 8.6 |
| Equity | N/A | 7.2B | 8.0B | 10.0B | 11.2B | 10.8B | 12.0B | 12.0B |
| Total Assets | N/A | N/A | 15.0B | 17.8B | 18.0B | 16.8B | 17.1B | 17.1B |
| Total Liabilities | 39M | N/A | 7.0B | 7.9B | 6.9B | 6.0B | 5.2B | 5.2B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | N/A | N/A | -15.5B | -14.0B | -13.0B | -13.3B | -12.4B | -12.4B |
| Working Capital | N/A | N/A | 2.1B | 2.4B | 3.2B | 3.4B | 3.8B | 3.8B |
| Current Assets | N/A | N/A | 5.3B | 5.8B | 6.3B | 6.4B | 6.2B | 6.2B |
| Current Liabilities | N/A | N/A | 3.2B | 3.4B | 3.1B | 3.0B | 2.4B | 2.4B |
| Per Share Data | ||||||||
| EPS | -2.72 | -2.70 | -0.49 | 2.62 | 1.83 | -0.48 | 1.59 | 1.59 |
| Owner EPS | -3.85 | -3.03 | 2.36 | 1.81 | 1.21 | 0.28 | 0.75 | 0.75 |
| Book Value | N/A | 14.45 | 15.50 | 18.05 | 20.05 | 19.83 | 21.46 | 21.46 |
| Cash Flow/Share | 0.99 | 2.00 | 5.48 | 4.75 | 3.82 | 3.15 | 3.10 | 3.94 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 504.1M | 501.1M | 518.4M | 551.9M | 556.3M | 545.8M | 558.5M | 558.5M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | 20.0 | 33.6 | N/A | 22.5 | 33.7 |
| P/FCF | N/A | N/A | 31.6 | N/A | 106.6 | 22.0 | 19.8 | 29.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 36.7 |
| Price/Book | N/A | N/A | 4.2 | N/A | N/A | 2.2 | 1.7 | 2.5 |
| Price/Sales | N/A | N/A | 4.9 | 3.8 | 4.5 | 3.9 | 3.0 | 4.4 |
| FCF Yield | N/A | N/A | 3.2% | -1.5% | 0.9% | 4.5% | 5.0% | 3.4% |
| Market Cap | N/A | N/A | 33.9B | 28.9B | 34.2B | 24.1B | 20.0B | 29.9B |
| Avg. Price | N/A | N/A | 61.90 | 56.17 | 59.52 | 48.29 | 37.00 | 53.53 |
| Year-End Price | N/A | N/A | 65.38 | 52.29 | 61.51 | 44.18 | 35.81 | 53.53 |
GLOBALFOUNDRIES Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
GLOBALFOUNDRIES Inc. trades at 33.7x trailing earnings, compared to its 15-year median P/E of 22.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 29.6x vs a median of 22.0x. The company's 5-year average ROIC is 5.4% with a gross margin of 24.2%. Total shareholder yield (buybacks) is 0.7%. At current prices, the estimated annualized return to fair value is -6.6%.
GLOBALFOUNDRIES Inc. (GFS) has a net profit margin of 13.1%. This is a healthy margin.
GLOBALFOUNDRIES Inc. (GFS) generated $1.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GLOBALFOUNDRIES Inc. (GFS) has a debt-to-equity ratio of 0.10. This indicates a conservatively financed balance sheet.
GLOBALFOUNDRIES Inc. (GFS) reported earnings per share (EPS) of $1.59 in its most recent fiscal year.
GLOBALFOUNDRIES Inc. (GFS) has a return on equity (ROE) of 7.8%. This indicates moderate shareholder returns.
GLOBALFOUNDRIES Inc. (GFS) has a 5-year average gross margin of 24.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for GLOBALFOUNDRIES Inc. (GFS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GLOBALFOUNDRIES Inc. (GFS) has a book value per share of $21.46, based on its most recent annual SEC filing.