GlobalFoundries logged a -2.91% change during today's afternoon session, and is now trading at a price of $65.83 per share. The S&P 500 index moved -0.31% and the Nasdaq posted a -0.64% change.
GlobalFoundries shares moved -9.15% over the last 52 weeks, with a high of $75.48 and a low of $36.81. During this time, the stock outperformed the S&P 500 index by 4.97%. As of January 2022, the company's 50-day average price is $64.0. GLOBALFOUNDRIES Inc. is a global semiconductor foundry. The large-cap Technology company is based in Malta, NY. GlobalFoundries has not offered any dividends in the last year.
Snapshot of the Company's Negative and Irregular Margins:
|Gross Margins Growth||n/a||-60.37%||204.77%||79.4%|
|Operating Margins Growth||n/a||-22.15%||97.33%||1681.32%|
|Net Margins Growth||n/a||-17.76%||86.32%||570.0%|
|Earnings Per Share||-$2.58||-$2.53||-$0.49||$2.62|
|Diluted Shares (MM)||532||532||508||552|
|Free Cash Flow (MM)||-$276||$413||$1,073||-$435|
|Capital Expenditures (MM)||$773||$592||$1,766||$3,059|
|Net Debt / EBITDA||1.07||1.21||-0.51||0.05|
GlobalFoundries Is Currently Fairly Valued:
Compared to the Technology sector's average of 27.16, GlobalFoundries has a trailing twelve month P/E ratio of 24.2 and, according to its EPS guidance of 3.19, an expected P/E ratio of 20.63. GlobalFoundries's PEG ratio is 0.15 based on its 157.8% annual average growth rate of historical and projected earnings per share. However, we believe that it is more prudent to calculate the PEG ratio using the broader market's 5-year expected EPS growth rate of 13.05%, because the growth rate implied by GlobalFoundries's past and expected EPS is probably not sustainable. This more prudent approach shows a PEG ratio of 1.85, which suggests that the company's shares are actually overvalued.
However, GlobalFoundries is likely undervalued in terms of its equity because its P/B ratio is 3.949 compared to its sector average of 6.23. However, the company's shares are now trading 101.18% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * EPS * book value per share) = √(22.5 * 2.62 * 18.16) = $32.72
GlobalFoundries Is the Subject of Mixed Market Indicators:
16 analysts are following GlobalFoundries and have set target prices ranging from $38.0 to $100.0 per share. On average, they have given the company a rating of buy. At the current price of $65.83, GFS is trading -15.61% away from its average analyst target price of $78.0 per share, implying an analyst consensus of some upside potential for the stock.
The company has an above average percentage of its shares sold short since 14.77% of the company's shares are tied to short positions. Institutions own 105.07% of GlobalFoundries's shares, while the insider ownership rate stands at 0.0%. The biggest shareholder is FMR, LLC with a 6% stake in the company worth approximately $2,111,469,071.