ADI Analog Devices
too hard · 64
Owner-earnings value$123.89
Price$385.76
Margin of safety
-67.9%
Quality gate · 64/100
⚠ sub-hurdle returns (median roic 6% < 9%)
Median ROIC6.2%
Gross margin65.8%
Net debt / EBITDA0.9x
FCF conversion148%
Share count / yr-1.3%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 4.94B |
| Owner-earnings yield | 2.6% |
| Free-cash-flow yield | 2.6% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 10.5% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 4.94B | 0.0% | 4.47B |
| 2 | 4.95B | 0.3% | 4.06B |
| 3 | 4.99B | 0.7% | 3.70B |
| 4 | 5.04B | 1.0% | 3.38B |
| 5 | 5.10B | 1.3% | 3.10B |
| 6 | 5.19B | 1.7% | 2.85B |
| 7 | 5.29B | 2.0% | 2.63B |
| 8 | 5.42B | 2.3% | 2.44B |
| 9 | 5.56B | 2.7% | 2.27B |
| 10 | 5.73B | 3.0% | 2.11B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.