Skip to Content
Morningstar

GLOBALFOUNDRIES Inc GFS

Morningstar Rating
Unlock
Stock XNAS Rating as of
$54.47 +0.08 (0.15%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

GlobalFoundries Earnings: Visibility on Recovery Improves, but Long-Term Expectations Still Lofty

Phelix Lee

We cut our fair value estimate of GlobalFoundries, or GF, to $42 from $48 after shifting the bulk of automotive and industrial recovery to 2025 and 2026, which led to a pronounced drop in our 2024 to 2026 revenue and EPS forecasts. Our midcycle forecasts are tapered to a smaller extent due to later recovery and ramp-up expectations of new sites in Singapore and the US. We view GF as overvalued since the stock trades at a higher multiple than wide-moat TSMC and prices in expectations that are unlikely to materialize.

Read Full Report

Price vs Fair Value

View History
GFS is trading at a 396% premium.
Price
$54.39
Fair Value
$55.00
Uncertainty
High
1-Star Price
$99.50
5-Star Price
$72.70
Economic Moat
Nth
Capital Allocation
Bvjxxhk

Bulls Say, Bears Say

Bulls

An unexpectedly strong boom in low-power, untethered devices will boost demand for GF’s specialty processes.

Bears

Single-sourced products may offer limited assurance as customers can find cheaper or superior substitutes from peers.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if GFS is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$54.39
Day Range
$53.30–54.71
52-Week Range
$45.52–68.57
Bid/Ask
$54.46 / $54.66
Market Cap
$30.26 Bil
Volume/Avg
1.6 Mil / 1.5 Mil

Key Statistics

Price/Earnings (Normalized)
26.79
Price/Sales
4.27
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 12,000 people.
Sector
Technology
Industry
Semiconductors
Stock Style Box
Mid Core
Total Number of Employees
12,000
Website
https://www.gf.com

Competitors

Valuation

View More
Metric
GFS
00981
01347
Price/Earnings (Normalized)
 26.7938.0810.87
Price/Book Value
 2.690.820.61
Price/Sales
 4.272.511.46
Price/Cash Flow
 11.815.485.18
Price/Earnings
GFS
00981
01347

Financial Strength

Metric
GFS
00981
01347
Quick Ratio
 1.591.206.06
Current Ratio
 2.181.606.76
Interest Coverage
 —2.142.12
Quick Ratio
GFS
00981
01347

Profitability

Metric
GFS
00981
01347
Return on Assets (Normalized)
 5.33%1.53%2.43%
Return on Equity (Normalized)
 8.90%3.61%4.58%
Return on Invested Capital (Normalized)
 6.62%0.65%3.04%
Return on Assets
GFS
00981
01347
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Semiconductors Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NVDA
NVIDIA CorpKlfrcpbpWfth$2.3 Tril
TSM
Taiwan Semiconductor Manufacturing Co Ltd ADRDqvqvmgkzKsycs$672.7 Bil
AVGO
Broadcom IncGpwtfrrjpYjcpc$665.6 Bil
AMD
Advanced Micro Devices IncYlthmwnhsFfcbtst$243.4 Bil
QCOM
Qualcomm IncDcxnqjxSvpkpz$217.2 Bil
TXN
Texas Instruments IncDwfkysvmWzgr$178.0 Bil
MU
Micron Technology IncHgqcyxjvnZhv$138.2 Bil
INTC
Intel CorpBcswdrynVtgnh$133.1 Bil
ARM
ARM Holdings PLC ADRPptczxlPjlx$121.4 Bil
ADI
Analog Devices IncKjtfyjhgMlhwq$105.1 Bil

Sponsor Center