Does AMD have a lot of debt?
AMD long term debt for the quarter ending March 31, 2024 was $1.718B, a 30.36% decline year-over-year. AMD long term debt for 2023 was $1.717B, a 30.4% decline from 2022. AMD long term debt for 2022 was $2.467B, a 246600% increase from 2021. AMD long term debt for 2021 was $0.001B, a 99.7% decline from 2020.
Total debt on the balance sheet as of March 2024 : $2.99 B
According to AMD's latest financial reports the company's total debt is $2.99 B. A company's total debt is the sum of all current and non-current debts.
Advanced Micro Devices's operated at median total debt of 685 million from fiscal years ending December 2019 to 2023. Looking back at the last 5 years, Advanced Micro Devices's total debt peaked in December 2023 at 3.109 billion. Advanced Micro Devices's total debt hit its 5-year low in December 2020 of 531 million.
SANTA CLARA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced revenue for the first quarter of 2024 of $5.5 billion, gross margin of 47%, operating income of $36 million, net income of $123 million and diluted earnings per share of $0.07.
How Strong Is Advanced Micro Devices' Balance Sheet? The latest balance sheet data shows that Advanced Micro Devices had liabilities of US$6.69b due within a year, and liabilities of US$5.30b falling due after that. Offsetting this, it had US$5.77b in cash and US$5.39b in receivables that were due within 12 months.
Moreover, shares of AMD are down 20.8% over the past three months, underperforming the broader SPDR NYSE Technology ETF's (XNTK) 3.5% gains over the same time frame. Over the long term, AMD is up 13.2% on a YTD basis, and the stock has soared 34.3% over the past 52 weeks.
AMD's long-term outlook
For investors thinking long-term, AMD stock holds plenty of promise. The company's CEO, Lisa Su, noted, "we are still in the very early stages of what we believe is going to be a period of sustained growth driven by an insatiable demand for both high-performance AI and general purpose compute."
AMD cash on hand for the quarter ending March 31, 2024 was $6.035B, a 1.62% increase year-over-year. AMD cash on hand for 2023 was $5.773B, a 1.4% decline from 2022. AMD cash on hand for 2022 was $5.855B, a 62.28% increase from 2021. AMD cash on hand for 2021 was $3.608B, a 57.55% increase from 2020.
NVIDIA long term debt for 2022 was $10.946B, a 83.53% increase from 2021.
AMD staged an amazing turnaround after bottoming in 2015, fueled by new products and improved profitability. And AMD stock rocketed over the next six years. But it slumped starting in late 2021 during a cyclical decline in personal computer sales.
Why is AMD falling?
Shares of computer processor maker AMD (NASDAQ:AMD) fell 7.7% in the afternoon session after Bloomberg reported that the Biden Administration is planning to implement tighter trade restrictions if semiconductor companies continue granting China access to technologies made in the United States.
Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Fmr Llc, Austin Private Wealth, LLC, Geode Capital Management, Llc, and Invesco Qqq Trust, Series 1 .
Weaknesses. Intense Competition: AMD operates in a highly competitive semiconductor market, dominated by companies like Intel and Nvidia. These competitors have significant financial resources, strong brand recognition, and extensive relationships with top-tier OEMs.
A Goodwill Monster after Huge Acquisition
At the beginning of 2022, AMD acquired Xilinx for approximately $50 billion, valuing the company at 16x sales. As a result, AMD now has $24.3 billion of goodwill and $21.4 billion of acquisition-related intangible assets on its balance sheet.
As of 2024-07-13, the Fair Value of Advanced Micro Devices Inc (AMD) is 17.26 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 181.61 USD, the upside of Advanced Micro Devices Inc is -90.5%.
Advanced Micro Devices Stock Forecast
The 29 analysts with 12-month price forecasts for AMD stock have an average target of 198.31, with a low estimate of 145 and a high estimate of 265. The average target predicts an increase of 27.31% from the current stock price of 155.77.
Advanced Micro Devices has 8.72% upside potential, based on the analysts' average price target. Is AMD a Buy, Sell or Hold? Advanced Micro Devices has a consensus rating of Strong Buy which is based on 29 buy ratings, 7 hold ratings and 0 sell ratings.
According to our valuation model, the stock is currently overvalued by about 35%, trading at US$153 compared to our intrinsic value of $113.54. Not the best news for investors looking to buy! If you like the stock, you may want to keep an eye out for a potential price decline in the future.
AMD has a solid outlook over the long term, and earnings-per-share (EPS) estimates seem to support this. The table above shows AMD's earnings could hit just above $7 per share over the next two fiscal years. Multiplying this figure by the company's forward price-to-earnings ratio of 55 yields a stock price of $396.
Advanced Micro Devices has a total shareholder equity of $56.2B and total debt of $2.5B, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are $67.9B and $11.7B respectively. Advanced Micro Devices's EBIT is $582.0M making its interest coverage ratio -5.8.
Where will AMD stock be in 5 years?
According to its 5-year AMD stock forecast, the stock can reach $250,59 in May 2029. As far as an AMD stock forecast for 2030 is concerned, Coincodex has the stock reaching $3,456.98 if it maintains its current 10-year average growth rate.
Will AMD offer a dividend now that they have acquired Xilinx? As a growth-oriented company, we are investing in returning capital to shareholders through our share repurchase program. There are no plans at this time to offer a dividend.
RSUs represent a commitment by AMD to issue, on the RSU vest date, one share of AMD common stock for each RSU granted, contingent on your employment with AMD on the vesting date.
In Q1 2024, revenue of just under $5.5 billion rose by only 2% compared with the previous year. Still, AMD reported a $123 million profit in Q1, up from a $139 million loss one year prior. Also, if AMD meets its midpoint-revenue estimate in Q2 of $5.7 billion, revenue growth will rise to 6%.
AMD gross profit for the twelve months ending March 31, 2024 was $10.661B, a 5.1% increase year-over-year. AMD annual gross profit for 2023 was $10.46B, a 1.35% decline from 2022. AMD annual gross profit for 2022 was $10.603B, a 33.72% increase from 2021.
