KEY POINT 帧 ͺ ϰ ְ ġ üũϱ .濵 CEO 帧 ֿ ǥ Ҵ.ε(AVGO) (ADBE) ų 40% ̻ âߴ.
Ͱ Բ 帧
ġ ϴ پ ڵ ̷ 帧 簡ġ 簡ġ Ѵ. 帧 ´.
Ϲ ڵ ټ ̳ EPS ַ ´. ̳ ʴ , ֽĺ(ɼ) ԵǾ ϴ Ѵٴ ִ.
ϰ . ߳ϴٸ ġ Ŀ ŷڵ . پ ջǴ ſ ϰ ̴. ̿ 帧 ְ , ϰ ٴ Ǹ .
帧̶?帧(Operation Cash Flow) 帧, 繫帧 Բ 帧ǥ ϴ 3 ϳ. Ȱ ϸ ġ Ÿ. Ϳ ȸ ְ(), ȸ () Ѵ. Եȴ.
帧 = 濵
ּ ֵ鿡 ʵ 1 õ å ִ. ٷ մũ < ߰>̴. '濵 ' ġ ̻ 濵 CEO 濵 м å̴. å ̸ ֵ 帧 ߴµ 帧 Ʒ ߴ.
մũ < ߰>" ġ ƴ϶ 帧 Ѵ" _ P.24" CEO( ̷ 8 CEO) Ż 帧 ϰ ƮƮ ִó ʾҴ. ټ . ä , , ں, μ ɰϰ ְ ־." _ P.40" CEO μ α, ä ߴµ, Ҷ ġ âϴ ٽɿ 帧 ȭ Ǵ߱ ̴." _ P.40
å 8 CEO μ ̳ Ը ƴ 帧 ֿ ǥ Ҵ. ū ƴ ְġ ַ μߴ. μ Ŀ ̰, ٽ ġ ߳ û â .
CEO Ұ ȸ 'ũؼ' ڱ(÷Ʈ) âϴ ٸ ü Ϻθ żߴ. μ ϴ ٸ μϸ ȴ.
帧 캸 ֽ̱
ٸ, 帧 ֽ̱ 캸.
ֽĽ 60%(ðѾ ) ϴ ̱ÿ Ըŭ̳ Ǹ . 帧 ؼҼ ߸ ټ ٷο οߴ. 5,500 20 ̱ ƴ ؿܱ(ADR) 10 ߴ. ֿ .
<ֿ >
- (5 ) 帧
- (5 ) 100 (13) ̻
- (5 ) 帧 (+), 帧 (+)
* 5 : 2019~2023(E)
* 帧
10 ε(AVGO), (ADBE), ƩƮ(INTU), NXP(NXPI), ۺ ý(RSG), Ͻ(CRM), 긮(ENB), ƽ (ADP), (TSLA), AMD(AMD) ̴.
εİ 帧 49%, 43% Ѹ ݿ Ѵ. ȯ 5Ⱓ ų 18.6 (141 ), 8.8 (67 ) 帧 â ľǵȴ. ں(CAPEX) 2~3% . 帧 ں 帧 40% ̴̻. ' ' ϰ ִ.
(ͷ) 帧 Ǿ ִ. ε ͷ 29% 49% 帧 20%p . ̴ ų ڻ ſ̴.
ε 2022 15.2 (115 )̴. Ÿ ģ 帧 22 (167 )̴. ôٸ ĩ ŷµ ִ. ó 帧 Բ Ǹ ߱ Ȯ .
* ε 帧ǥ (ó : TIKR.com)
帧 â ŭ̳ ְ . ε ְ ֱ 5Ⱓ 275%, ְ 115.4% ߴ.
* ε ְ( 2012~) (ó : Finviz)
* ְ( 2012~) (ó : Finviz)
帧 â KEY
帧 1 ε Ĩ ü(ո) ۷ι ý ݵü 3. Z, Ĩ ʿ ϴ ü âϰ ִ.
Ư ű ʼ ǰ ̴ ġ о 70% ǻ ϰ ִ. ʼ ǰ ϸ ݰ ۿ ǵ ִ.
.
2 , ̾η ǥǴ ̴. , پ о Ʈ ڿ Ѵ. ֿ . ڵ Ʈ ̿ϱ ſ Ḧ Ѵ.
̶ ̴. ڰ þ þ ʴ´. . پ Ʈ ų λѴٸ Ӿ ͷ ̴. ͷ 18%(2015), 31%(2018), 36%(2021) þ. ش ͷ 45% ȴ.
εİ ʿ Ȯ ֵ 帧 ´. 帧 μ Ź , ⺸Ѵٸ Ȯ . 帧 .
S : Sales,NI : Net Income,OCF : Operation Cash Flow, 帧FCF : Free Cash Flow, 帧CAPEX : Capital Expenditures, ں
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