posted by mark
on Thu, 08/18/2022 - 18:17
AMAT is a big benefactor of the microprocessor explosion.
- Attached charts are:
- Their sales by quarter (from SEC 10K's and 10Q's)
- Their sales by quarter stacked by year (from SEC 10K's and 10Q's)
- Their earnings per share stacked by year (from SEC 10K's and 10Q's),
- AMAT is continuing to impress
- They make the equipment that fabrication facilities (FAB's) use to produce micro processors
- With all the on-shoring of FAB facilities, AMAT looks to have a long runway forward.
- Intel already has started building two in Arizona
- Intel is building two in Ohio which will move quickly forward with the Chips legislation.
- The pervasiveness of microprocessor chips in just about everything is continuing unabated.
- The current P/E of this high growth company is only 14.5.
- It is priced for value, but is high growth.
- They have knocking down their debt/equity levels from 43.7% to 30.8% over 2018 to 2021 time period.
- Last year, their capital expenditures was way more than their depreciation (668 vs. 394)
- Their R&D is greater than 10%
- They continue to invest in their future success.
I'm on board with AMAT and it's still in a buy range with this crazy market. It is a conservative, well-focused company on the move!
Attachment:
