Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Broadcom Inc.
Physical assets are 2.8% of total assets, a light footprint. Capex is 0.07x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 20.0%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 25.25x. Compare it with other names in the same basket.
Physical asset ratio
2.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
25.25x
Revenue per dollar of the physical asset base.
Capex / D&A
0.07x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-€10.29
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price €303.65.
Fixed-charge coverage
5.36x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
11.7%
Latest free cash flow divided by current market cap (€230.23B).
ROIC
20.0%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 10.31x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | — | — | 0.16x | -€27.00 | 13.72x | €8.25B | 13.5% | — |
| 2019 | — | — | 0.07x | -€73.61 | 2.05x | €9.97B | 6.8% | — |
| 2020 | 4.6% | 9.52x | 0.07x | -€8.93 | 4.09x | €11.60B | 7.3% | 1.68x |
| 2021 | 4.8% | 11.69x | 0.07x | -€7.22 | 6.63x | €13.32B | 16.4% | 3.69x |
| 2022 | 5.7% | 14.94x | 0.09x | -€6.70 | 8.75x | €16.31B | 26.5% | 6.42x |
| 2023 | 5.6% | 16.63x | 0.12x | -€5.68 | 6.31x | €17.63B | 31.3% | 7.64x |
| 2024 | 2.6% | 20.46x | 0.05x | -€15.10 | 4.49x | €19.41B | 7.4% | 5.95x |
| 2025 | 2.8% | 25.25x | 0.07x | -€10.29 | 5.36x | €26.91B | 20.0% | 10.31x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €2.53B
Inventory: €2.27B
Total assets: €171.09B
Goodwill: €97.80B
Intangibles: €32.27B
Liabilities: €89.80B
Tangible book: -€48.78B
Shares: 4,741,000,000
Revenue: €63.89B
Capex: €623.00M
D&A: €8.78B
EBITDA: €34.71B
Interest: €3.21B
Short-term debt: €3.15B
Free cash flow: €26.91B
Operating income: €26.08B
Invested capital: €130.25B
Tax rate: 0.0%