Broadcom Inc.

AI-generated fair value estimate for this company.

Method: 10-year two-stage unlevered FCF DCF: $39.4B TTM free cash flow base; 18% annual FCF growth years 1-5 (in line with consensus growth driven by AI networking/custom-silicon and VMware software); decelerating to 8% years 6-10; 9% discount rate; 4% terminal growth; net debt of $35.44B subtracted; 4.77B diluted shares. PV of explicit FCF ~$536B plus PV of terminal value ~$1,164B gives enterprise value ~$1,700B; less net debt $35.44B gives equity value ~$1,665B; divided by 4.77B shares gives ~$348.99/share.

Reasoning: Broadcom is a large, high-margin, durably cash-generative semiconductor/infrastructure-software business (custom AI ASICs, networking, VMware), so a standard unlevered FCF DCF is the natural primary method; growth assumptions blend near-term AI-driven acceleration with long-run deceleration toward more normal growth, and the discount rate reflects its scale but continued cyclicality.