Explain this page
Arphra AIPlain-English read on GLOBALFOUNDRIES Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
B+Solid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin25.2%
Operating margin11.7%
Net margin13.0%
ROE7.4%
ROA5.2%
ROIC6.6%
Liquidity & leverage
Current ratio2.62×
Quick ratio1.95×
Debt / equity0.14×
Net debt / EBITDA-0.08×
Interest coverage—
Efficiency & per-share
Asset turnover0.40×
Inventory days113
Days sales out.85
FCF / share$1.81
Book value / share$21.47
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $23.73B | $19.44B | — | — | — | — |
| Enterprise value | — | — | — | $23.86B | $19.27B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 3.53 | 2.84 | — | — | — | — |
| EV / FCF | — | — | — | 21.75 | 19.09 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | -1.12% | +4.55% | — | — | — | — |
| Free cash flow yield | — | — | — | +4.62% | +5.19% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +15.38% | +27.61% | +28.42% | +24.46% | +25.18% | +26.56% | +26.52% | +25.89% | +26.69% |
| Operating margin | -0.91% | +14.39% | +15.27% | -3.17% | +11.74% | +7.79% | +7.83% | +7.78% | +7.72% |
| EBITDA margin | +23.40% | +40.05% | +35.66% | +22.28% | +32.76% | +29.85% | +30.56% | +30.93% | +31.08% |
| EBIT margin | -1.17% | +20.03% | +16.03% | -0.95% | +13.41% | +9.62% | +9.57% | +9.59% | +9.53% |
| Pre-tax margin | -2.67% | +18.89% | +14.66% | -2.52% | +13.41% | +8.43% | +8.43% | +8.40% | +8.47% |
| Net margin | -3.80% | +17.86% | +13.80% | -3.93% | +13.03% | +7.75% | +7.67% | +7.86% | +7.82% |
| Cost structure | |||||||||
| Cost of revenue / sales | +84.62% | +72.39% | +71.58% | +75.54% | +74.82% | +75.42% | +73.61% | +74.37% | +75.29% |
| R&D intensity | +7.26% | +5.94% | +5.79% | +7.35% | +7.63% | +6.99% | +7.13% | +6.91% | +6.81% |
| SG&A intensity | +8.29% | +5.56% | +6.06% | +5.94% | +5.33% | +5.79% | +5.94% | +5.78% | +5.77% |
| Effective tax rate | — | +5.61% | +6.09% | — | +2.52% | +4.41% | +4.23% | +4.49% | +4.42% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | -3.11% | +14.54% | +9.15% | -2.45% | +7.39% | +4.80% | +4.65% | +4.86% | +4.88% |
| Return on assets (ROA) | -1.66% | +8.12% | +5.65% | -1.58% | +5.16% | +3.13% | +3.06% | +3.14% | +3.12% |
| Return on capital (ROC) | -0.57% | +9.11% | +8.12% | -1.63% | +5.85% | +4.01% | +3.96% | +4.03% | +4.01% |
| Return on invested capital (ROIC) | -0.43% | +11.30% | +7.34% | -1.22% | +6.50% | +3.99% | +3.88% | +4.08% | +4.07% |
| Asset turnover | +43.82% | +45.45% | +40.97% | +40.18% | +39.62% | +40.42% | +39.92% | +39.93% | +39.86% |
| DuPont · ROE decomposition | |||||||||
| Net margin | -3.80% | +17.86% | +13.80% | -3.93% | +13.03% | +7.75% | +7.67% | +7.86% | +7.82% |
| Asset turnover (× revenue / assets) | +43.82% | +45.45% | +40.97% | +40.18% | +39.62% | +40.42% | +39.92% | +39.93% | +39.86% |
| Equity multiplier (× assets / equity) | +187.08% | +179.13% | +161.82% | +155.20% | +143.04% | +153.15% | +151.94% | +154.89% | +156.37% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.44 | 0.45 | 0.41 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 |
| Fixed-asset turnover | 0.76 | 0.77 | 0.73 | 0.82 | 0.87 | — | — | — | — |
| Inventory turnover | 4.97 | 4.38 | 3.56 | 3.14 | 3.22 | — | — | — | — |
| Receivables turnover | 5.45 | 5.76 | 5.40 | 4.85 | 4.30 | — | — | — | — |
| Payables turnover | 10.11 | 11.03 | 10.35 | 12.56 | — | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 66.96 | 63.38 | 67.55 | 75.33 | 84.81 | — | — | — | — |
| Days inventory outstanding (DIO) | 73.43 | 83.27 | 102.58 | 116.25 | 113.29 | — | — | — | — |
| Days payables outstanding (DPO) | 36.09 | 33.09 | 35.25 | 29.06 | — | — | — | — | — |
| Cash conversion cycle | 104.30 | 113.57 | 134.88 | 162.51 | 198.10 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | -11.36 | 1.81 | 2.08 | -6.50 | 1.96 | 3.37 | 3.43 | 3.42 | 3.37 |
| FCF / Net income | -4.29 | -0.30 | 0.31 | -4.14 | 1.14 | 1.53 | 1.58 | 1.54 | 1.47 |
| FCF margin | +16.28% | -5.37% | +4.34% | +16.25% | +14.86% | +11.86% | +12.14% | +12.13% | +11.52% |
| OCF margin | +43.11% | +32.36% | +28.75% | +25.51% | +25.49% | +26.11% | +26.29% | +26.86% | +26.35% |
| CapEx / Revenue | +26.83% | +37.73% | +24.40% | +9.26% | +10.63% | +14.55% | +14.90% | +14.34% | +14.42% |
| CapEx / D&A | 1.09 | 1.88 | 1.24 | 0.40 | 0.55 | — | — | — | — |
| Stock-based comp / Revenue | +3.39% | +2.23% | +2.03% | +2.76% | +3.02% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | -0.49 | 2.62 | 1.83 | -0.48 | 1.59 | 1.89 | 2.48 | 3.27 | 3.12 |
| EPS · basic | -0.49 | 2.69 | 1.85 | -0.48 | 1.59 | 1.92 | 2.46 | 3.31 | 3.15 |
| Book value / share | 15.88 | 18.04 | 20.06 | 19.57 | 21.47 | 20.96 | 23.51 | 26.05 | 26.07 |
| Tangible BV / share | 15.14 | 17.39 | 19.35 | 18.38 | 19.02 | 20.96 | 23.51 | 26.05 | 26.07 |
| Sales / share | 13.02 | 14.69 | 13.29 | 12.21 | 12.17 | 12.98 | 14.26 | 16.11 | 16.25 |
| Operating CF / share | 5.61 | 4.75 | 3.82 | 3.11 | 3.10 | 3.39 | 3.75 | 4.33 | 4.28 |
| Free cash flow / share | 2.12 | -0.79 | 0.58 | 1.98 | 1.81 | 1.54 | 1.73 | 1.95 | 1.87 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +23.13% | -8.83% | -8.69% | +0.61% | +6.61% | +10.78% | +12.64% | +0.72% | +4.13% |
| Gross profit · YoY | — | +121.03% | -6.16% | -21.42% | +3.57% | +12.46% | +10.61% | +9.96% | +3.86% | +11.55% |
| Profit | ||||||||||
| Operating income · YoY | — | +2045.00% | -3.26% | -118.95% | +472.43% | -29.24% | +11.34% | +11.97% | -0.07% | — |
| EBITDA · YoY | — | +110.71% | -18.82% | -42.94% | +47.94% | -2.87% | +13.41% | +14.01% | +1.22% | +7.89% |
| Net income · YoY | — | +679.20% | -29.56% | -125.98% | +433.96% | -36.60% | +9.63% | +15.48% | +0.20% | — |
| Operating | ||||||||||
| EBIT · YoY | — | +2209.09% | -27.03% | -105.40% | +1523.44% | -23.58% | +10.27% | +12.83% | +0.15% | — |
| R&D · YoY | — | +0.84% | -11.20% | +15.89% | +4.44% | -2.25% | +12.88% | +9.18% | -0.74% | +3.29% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +634.69% | -30.15% | -126.23% | +431.25% | +19.11% | +30.98% | +31.99% | -4.70% | — |
| EPS · basic · YoY | — | +648.98% | -31.23% | -125.95% | +431.25% | +20.87% | +27.90% | +34.54% | -4.76% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $2.44B | $2.86B | $2.75B | $2.32B | $1.64B | $2.36B | $2.63B | $2.83B | $2.9B |
| Net debt | -$500M | $504M | $367M | $128M | -$171M | $110.03M | $143.31M | $119.4M | $196.48M |
| Net debt / EBITDA | -0.32 | 0.16 | 0.14 | 0.09 | -0.08 | 0.05 | 0.06 | 0.04 | 0.07 |
| Debt / equity | 0.30 | 0.29 | 0.25 | 0.21 | 0.14 | 0.20 | 0.20 | 0.19 | 0.20 |
| Debt / assets | +16.23% | +16.01% | +15.26% | +13.81% | +9.56% | +13.20% | +13.09% | +12.49% | +12.71% |
| Equity / assets | +53.45% | +55.83% | +61.80% | +64.43% | +69.91% | +65.29% | +65.82% | +64.56% | +63.95% |
| Coverage | |||||||||
| EBITDA / interest expense | 13.55 | 27.75 | 19.24 | 10.37 | — | 22.81 | 22.90 | 23.57 | 23.64 |
| Operating income / interest | -0.53 | 9.97 | 8.24 | -1.48 | — | 5.95 | 5.87 | 5.93 | 5.87 |
| Interest expense | $113.71M | $117M | $137M | $145M | $0 | $94.75M | $107.04M | $118.53M | $119.64M |
| Liquidity | |||||||||
| Current ratio | 1.67 | 1.73 | 2.04 | 2.11 | 2.62 | — | — | — | — |
| Quick ratio | 1.32 | 1.33 | 1.56 | 1.57 | 1.95 | — | — | — | — |
| Cash ratio | 0.93 | 0.70 | 0.77 | 0.72 | 0.76 | — | — | — | — |
| Working capital | $2.13B | $2.44B | $3.23B | $3.37B | $3.84B | — | — | — | — |
| Working capital / revenue | +32.32% | +30.11% | +43.67% | +49.96% | +56.50% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 2.84x | 3.53x |
| Earnings yield | 4.6% | -1.1% |
| FCF yield | 5.2% | 4.6% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 7.4% | -2.5% |
| ROA | 5.2% | -1.6% |
| ROIC | 5.2% | -1.5% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | -0.08 | 0.09 |
| Interest coverage | — | — |
| Current ratio | 2.62x | 2.11x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).