After finishing at $53.73 in the prior trading day, GlobalFoundries Inc (NASDAQ: GFS) closed at $52.56, down -2.18%. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 1664354 shares were traded.
Ratios:
Our goal is to gain a better understanding of GFS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 90.58. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 2.04. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.16.
On February 14, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $70 to $56.
JP Morgan Downgraded its Overweight to Neutral on February 05, 2024, whereas the target price for the stock was revised from $65 to $56.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GFS now has a Market Capitalization of 29.08B and an Enterprise Value of 28.03B. As of this moment, GlobalFoundries’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.65, and their Forward P/E ratio for the next fiscal year is 24.12. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.93 while its Price-to-Book (P/B) ratio in mrq is 2.70. Its current Enterprise Value per Revenue stands at 3.79 whereas that against EBITDA is 10.57.
Stock Price History:
Over the past 52 weeks, GFS has reached a high of $72.37, while it has fallen to a 52-week low of $48.12. The 50-Day Moving Average of the stock is 55.26, while the 200-Day Moving Average is calculated to be 57.23.
Shares Statistics:
The stock has traded on average 1.64M shares per day over the past 3-months and 1.51M shares per day over the last 10 days, according to various share statistics. A total of 547.75M shares are outstanding, with a floating share count of 79.03M. Insiders hold about 85.71% of the company’s shares, while institutions hold 15.82% stake in the company. Shares short for GFS as of Feb 29, 2024 were 12.55M with a Short Ratio of 7.67, compared to 10.99M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.27% and a Short% of Float of 14.99%.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.19, while EPS last year was $0.52. The consensus estimate for the next quarter is $0.28, with high estimates of $0.56 and low estimates of $0.22.
Analysts are recommending an EPS of between $1.49 and $1.08 for the fiscal current year, implying an average EPS of $1.31. EPS for the following year is $2.13, with 14 analysts recommending between $3.32 and $1.39.
Revenue Estimates
13 analysts predict $1.52B in revenue for the current quarter. It ranges from a high estimate of $1.55B to a low estimate of $1.51B. As of the current estimate, GlobalFoundries Inc’s year-ago sales were $1.84B, an estimated decrease of -17.30% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $1.58B, a decrease of -14.60% over than the figure of -$17.30% in the same quarter last year. There is a high estimate of $1.62B for the next quarter, whereas the lowest estimate is $1.52B.
A total of 17 analysts have provided revenue estimates for GFS’s current fiscal year. The highest revenue estimate was $8.62B, while the lowest revenue estimate was $6.25B, resulting in an average revenue estimate of $6.79B. In the same quarter a year ago, actual revenue was $7.39B, down -8.20% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $7.76B in the next fiscal year. The high estimate is $10.54B and the low estimate is $6.4B. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
