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GLOBALFOUNDRIES Inc GFS

Stock XNAS
$52.46 −1.17 (2.18%)
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As of Delayed Price Pre-Open: $51.94 −0.52

Company Report

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GlobalFoundries Under Review

Phelix Lee

GlobalFoundries is the world's fourth-largest dedicated contract chip manufacturer, or foundry. It creates integrated circuits for customers based on their proprietary integrated circuit designs. GlobalFoundries has benefited from the transition by most semiconductor companies from integrated device manufacturers to fabless business models. While we expect the firm to enjoy solid growth, we do not believe it has an economic moat.

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Bulls Say, Bears Say

Bulls

GlobalFoundries is poised for broad-based growth thanks to secular trends such as 5G, Internet of Things, the shift to the cloud, and rising chip content in automotive.

Bears

GlobalFoundries is in the second tier of foundries alongside SMIC and UMC and may be more susceptible to volatile pricing and overcapacity due to a lack of leading-edge process technologies.

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Trading Information

Previous Close Price
$53.63
Day Range
$51.46–53.18
52-Week Range
$48.12–72.50
Bid/Ask
$51.30 / $54.32
Market Cap
$29.02 Bil
Volume/Avg
200 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
22.69
Price/Sales
3.82
Dividend Yield
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

GlobalFoundries is a major dedicated contract chipmaker that 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 its IPO in 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 2014.
Sector
Technology
Industry
Semiconductors
Stock Style Box
Mid Core
Total Number of Employees
14,000
Website
https://www.gf.com

Competitors

Valuation

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Metric
GFS
TSM
00981
Price/Earnings (Normalized)
 22.6917.5219.07
Price/Book Value
 2.694.821.06
Price/Sales
 3.827.223.39
Price/Cash Flow
 11.0811.637.17
Price/Earnings
GFS
TSM
00981

Financial Strength

Metric
GFS
TSM
00981
Quick Ratio
 1.561.861.40
Current Ratio
 2.112.151.75
Interest Coverage
 —80.094.65
Quick Ratio
GFS
TSM
00981

Profitability

Metric
GFS
TSM
00981
Return on Assets (Normalized)
 7.23%17.19%2.87%
Return on Equity (Normalized)
 12.66%28.49%6.62%
Return on Invested Capital (Normalized)
 9.89%20.99%2.09%
Return on Assets
GFS
TSM
00981

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MU
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