AMD.US

ADVANCED MICRO DEVICES INC

United StatesTechnologySemiconductors & Related DevicesNasdaq

466.84

USD · Close 2 Nov 2026

Intrinsic value vs last close

Model estimate

Close above intrinsic value

−93.7%Intrinsic value vs last close

−50%At last close+100%+500%

Last close (USD): 466.84
Intrinsic value (USD): 29.60

Intrinsic value = sector model's value (no adjustment)

Earnings-capitalised value

16.31−96.5%vs last close

Cost of equity 20.8% · price volatility 68.4%

Last year's earnings per share, capitalised at a cost of equity that rises with this share's own price swings, growing at the sector's long-run rate.

This is a different figure from the intrinsic value above. The intrinsic value is what the sector model says the business is worth. On Vietnamese stocks this figure has ranked future returns best in our track record; this market has no track record here yet.

Model reliability: Medium; Model fitInput stabilityRisk checks; High requires the model’s diagnostic criteria to be met.
Probability of outperforming peers: 55.6%; 12 monthsHistorical calibration; Chance the return beats the median return of its sector peers.

Assessed 2 Nov 2026Not updated with daily prices

These assessments address different questions. Neither establishes that the displayed valuation is correct or guarantees a future return.

Published filingsValued 2 Nov 2026Anchored to close on 2 Nov 2026The gap is recalculated when the close changes; the value updates weekly.

Valuation Breakdown

Semiconductors & Related Devices→Technology

Classified as technology from the industry its market data reports: “Semiconductors & Related Devices”.

ModelDCF + P/E Blend

Intrinsic = 60% x DCF Value + 40% x (Fair P/E x EPS)

Technology companies combine high growth potential with the risk of overvaluation. This model blends DCF (60% weight, capturing long-duration growth) with a P/E sanity check (40% weight, capping speculative excess). The DCF lets growth fade more slowly than in any other sector, recognizing that tech companies can sustain competitive advantages longer. The P/E component applies a dynamic ceiling: max P/E = min(growth% x 1.5, 30), preventing runaway valuations.

Technical details

Why this model

Tech firms combine high growth potential with current profitability that peers can benchmark. Pure DCF could overvalue if growth assumptions are too aggressive. The P/E blend acts as a market-calibrated anchor, while the PEG-based cap prevents paying excessive multiples.

How it works

DCF: 10-year FCF projection with growth capped at 20%, fading more slowly than in any other sector toward the sector's long-run growth rate. P/E: 5-year median P/E capped at dynamic ceiling (growth x 1.5, max 30). Blend: 60% DCF + 40% P/E.

Best for

Technology and IT companies where high growth potential must be balanced against the risk of speculative overvaluation.

Weighted Avg Cost of Capital

Risk-Free (Rf)

4.94%

Betasector default

1.915

ERP

4.20%

CRP

0.22%

Cost of Equity (Ke)

13.20%

E/(D+E)

95.77%

Kd(1-t)

3.01%

D/(D+E)

4.23%

WACC

12.77%

Growth Estimate

Sector Default8.00%

Growth decays 5%/yr toward terminal

Model Inputs

Max fair P/E→12x

Valuation

We compare the sector model's value with the last close. This market has no track record here yet, so the value is shown as the model gives it.

Last close (USD)→466.84

Intrinsic value vs last close→−93.7%

Intrinsic value = sector model's value (no adjustment)

Intrinsic value (USD)

29.60

What feeds each step— click a source to highlight it in the statements

Discount rate (WACC)12.77%

Growth rate8.00%growth method: default

Base cash flowone off strip ratio: 0

DCF Sensitivity

Values from the standalone DCF scenarios below. These scenarios leave out the other parts of a blended model and do not reproduce the headline value.

WACC \ Growth	5.0%	6.5%	8.0%	9.5%	11.0%
10.8%	31.30	32.84	35.31	38.11	41.19
11.8%	27.83	29.13	31.19	33.53	36.09
12.8%	25.20	26.32	28.08	30.06	32.23
13.8%	23.13	24.12	25.64	27.35	29.22
14.8%	21.47	22.34	23.68	25.17	26.80

Above market priceBelow market priceCurrent estimate

Feeds valuation:Cost of capitalGrowthModel inputsFinal calculation

Line item	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash and cash equivalentsNet debt bridge	·	5,539	3,787	3,933	4,835	2,535	1,595	1,466	1,078	1,185	1,264	785	805	869	549	869	606	1,657	933	1,432
Short-term investmentsNet debt bridge	·	5,013	1,345	1,840	1,020	1,073	695	37	78	0.00	·	0.00	235	228	453	896	1,183	1,019	·	·
Inventories, Net	·	7,920	5,734	4,351	3,771	1,955	1,399	982	845	739	751	678	685	884	562	476	632	567	·	·
Fixed assets	·	2,312	1,802	1,589	1,513	702	641	500	348	261	164	188	302	346	658	726	700	3,809	·	·
TOTAL ASSETS	·	76,926	69,226	67,885	67,580	12,419	8,962	6,028	4,556	3,540	3,321	3,109	3,767	4,337	4,000	4,954	4,964	9,078	·	·
Short-term borrowingsDiscount rate (WACC) +1	·	874	0.00	751	0.00	312	0.00	0.00	136	70	·	230	172	55	·	·	·	·	·	·
Long-term borrowingsDiscount rate (WACC) +1	·	2,348	1,721	1,717	2,467	1	330	486	1,114	1,325	1,435	2,025	2,025	1,986	2,037	1,527	2,188	4,252	·	·
OWNER'S EQUITYDiscount rate (WACC)	·	62,999	57,568	55,892	54,750	7,497	5,837	2,827	1,266	611	416	−412	187	544	538	1,590	1,013	648	127	3,230
MINORITY INTERESTSNet debt bridge	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	0.00	·	1,076	169	·

Earnings Quality

Fiscal year 2025

Fair

Accrual QualityLow accruals vs reported earnings

100

Cash ConversionOperating cash flow vs net income

100

Margin StabilityConsistency of profit margins

Revenue QualityConsistency of revenue growth

Quantitative Scores

F-Score

7/9

Strong

Sharpe

0.93

Positive

Composite

Below 30

Piotroski F-Score Breakdown

✓Net Income > 0

✓Operating CF > 0

✓ROA Rising

✓OCF > Net Income

✓Lower Leverage

✗Better Liquidity

✓No Dilution

✗Margin Up

✓Turnover Up

Price Risk

Momentum

+148.7%

Volatility

67.0%

Max Drawdown

−26.5%

Key Ratios

Fiscal year 2025

191.04P/E

P/B: 13.15
P/S: 23.91
ROE: 6.9%
EPS: 2.67
BVPS: 38.79
Net Margin: 12.5%
D/E: 0.05
Rev Growth: +34.3%
EV/EBITDA: 194.79
Div Yield: —

Company Overview

Shares outstanding: 1,632M
Industry: Semiconductors & Related Devices

Computed 02/11/2026