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.
Advanced Micro Devices Inc
Physical assets are 13.3% of total assets, a light footprint. Capex is 0.32x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. ROIC is 6.6%, below an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 14.98x.
Physical asset ratio
13.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
14.98x
Revenue per dollar of the physical asset base.
Capex / D&A
0.32x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
BRL 12.99
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
27.00x
Price BRL 350.58.
Fixed-charge coverage
48.10x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.1%
Latest free cash flow divided by current market cap (BRL 4,643.67B).
ROIC
6.6%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 1.60x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 26.2% | 18.61x | 0.96x | BRL 0.75 | 1.78x | -BRL 129.00M | 33.2% | 1.30x |
| 2019 | 28.0% | 9.55x | 0.84x | BRL 1.99 | 5.39x | BRL 276.00M | 32.0% | 0.90x |
| 2020 | 25.1% | 11.50x | 0.83x | BRL 4.39 | 29.40x | BRL 777.00M | 35.3% | 1.61x |
| 2021 | 24.3% | 15.37x | 0.65x | BRL 5.68 | 100.06x | BRL 3.22B | 74.7% | 3.41x |
| 2022 | 8.5% | 11.96x | 0.21x | BRL 3.78 | 33.20x | BRL 3.12B | 2.5% | 0.64x |
| 2023 | 9.7% | 10.21x | 0.15x | BRL 6.35 | 33.21x | BRL 1.32B | 0.8% | 0.18x |
| 2024 | 11.8% | 10.63x | 0.20x | BRL 8.51 | 49.01x | BRL 2.41B | 2.8% | 0.78x |
| 2025 | 13.3% | 14.98x | 0.32x | BRL 12.99 | 48.10x | BRL 6.74B | 6.6% | 1.60x |
- 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 short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: BRL 2.31B
Inventory: BRL 7.92B
Total assets: BRL 76.93B
Goodwill: BRL 25.13B
Intangibles: BRL 16.71B
Liabilities: BRL 13.93B
Tangible book: BRL 21.17B
Shares: 1,630,000,000
Revenue: BRL 34.64B
Capex: BRL 974.00M
D&A: BRL 3.00B
EBITDA: BRL 7.28B
Interest: BRL 131.00M
Short-term debt: BRL 0.00
Free cash flow: BRL 6.74B
Operating income: BRL 3.69B
Invested capital: BRL 55.67B
Tax rate: 0.0%