Intrinsic value of VMware - VMW

Previous Close

$159.21

  Intrinsic Value

$757.01

stock screener

  Rating & Target

str. buy

+375%

Previous close

$159.21

 
Intrinsic value

$757.01

 
Up/down potential

+375%

 
Rating

str. buy

We calculate the intrinsic value of VMW stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.80
  12.92
  12.13
  11.42
  10.77
  10.20
  9.68
  9.21
  8.79
  8.41
  8.07
  7.76
  7.49
  7.24
  7.01
  6.81
  6.63
  6.47
  6.32
  6.19
  6.07
  5.96
  5.87
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
Revenue, $m
  9,015
  10,180
  11,415
  12,718
  14,088
  15,524
  17,026
  18,594
  20,229
  21,930
  23,699
  25,538
  27,450
  29,437
  31,501
  33,647
  35,878
  38,198
  40,613
  43,126
  45,744
  48,471
  51,315
  54,281
  57,376
  60,607
  63,982
  67,509
  71,195
  75,050
Variable operating expenses, $m
  5,320
  5,941
  6,599
  7,294
  8,024
  8,790
  9,591
  10,426
  11,297
  12,204
  12,633
  13,613
  14,632
  15,691
  16,792
  17,936
  19,125
  20,362
  21,649
  22,989
  24,384
  25,838
  27,354
  28,935
  30,585
  32,307
  34,106
  35,986
  37,951
  40,006
Fixed operating expenses, $m
  1,490
  1,523
  1,556
  1,591
  1,626
  1,661
  1,698
  1,735
  1,773
  1,812
  1,852
  1,893
  1,935
  1,977
  2,021
  2,065
  2,111
  2,157
  2,205
  2,253
  2,303
  2,353
  2,405
  2,458
  2,512
  2,567
  2,624
  2,682
  2,741
  2,801
Total operating expenses, $m
  6,810
  7,464
  8,155
  8,885
  9,650
  10,451
  11,289
  12,161
  13,070
  14,016
  14,485
  15,506
  16,567
  17,668
  18,813
  20,001
  21,236
  22,519
  23,854
  25,242
  26,687
  28,191
  29,759
  31,393
  33,097
  34,874
  36,730
  38,668
  40,692
  42,807
Operating income, $m
  2,205
  2,716
  3,259
  3,833
  4,438
  5,073
  5,738
  6,433
  7,158
  7,913
  9,214
  10,032
  10,883
  11,768
  12,688
  13,646
  14,642
  15,679
  16,759
  17,884
  19,057
  20,280
  21,556
  22,888
  24,279
  25,733
  27,252
  28,841
  30,504
  32,243
EBITDA, $m
  2,946
  3,486
  4,060
  4,667
  5,306
  5,977
  6,680
  7,414
  8,180
  8,978
  9,809
  10,673
  11,572
  12,507
  13,480
  14,491
  15,543
  16,639
  17,779
  18,967
  20,206
  21,497
  22,845
  24,251
  25,720
  27,255
  28,859
  30,537
  32,292
  34,128
Interest expense (income), $m
  29
  229
  322
  422
  527
  639
  756
  880
  1,008
  1,143
  1,283
  1,428
  1,580
  1,738
  1,902
  2,072
  2,249
  2,433
  2,624
  2,823
  3,030
  3,245
  3,469
  3,703
  3,947
  4,201
  4,466
  4,743
  5,032
  5,334
  5,650
Earnings before tax, $m
  1,976
  2,394
  2,838
  3,306
  3,799
  4,317
  4,858
  5,425
  6,015
  6,630
  7,785
  8,452
  9,145
  9,866
  10,617
  11,397
  12,210
  13,056
  13,937
  14,855
  15,812
  16,811
  17,853
  18,942
  20,079
  21,267
  22,509
  23,809
  25,169
  26,593
Tax expense, $m
  534
  646
  766
  893
  1,026
  1,165
  1,312
  1,465
  1,624
  1,790
  2,102
  2,282
  2,469
  2,664
  2,866
  3,077
  3,297
  3,525
  3,763
  4,011
  4,269
  4,539
  4,820
  5,114
  5,421
  5,742
  6,078
  6,428
  6,796
  7,180
Net income, $m
  1,443
  1,748
  2,071
  2,413
  2,773
  3,151
  3,547
  3,960
  4,391
  4,840
  5,683
  6,170
  6,676
  7,202
  7,750
  8,320
  8,913
  9,531
  10,174
  10,844
  11,543
  12,272
  13,033
  13,827
  14,657
  15,525
  16,432
  17,381
  18,374
  19,413

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  16,332
  18,442
  20,679
  23,039
  25,521
  28,124
  30,845
  33,686
  36,646
  39,728
  42,933
  46,265
  49,728
  53,327
  57,067
  60,954
  64,996
  69,200
  73,574
  78,127
  82,869
  87,810
  92,962
  98,335
  103,942
  109,796
  115,910
  122,299
  128,977
  135,960
Adjusted assets (=assets-cash), $m
  16,332
  18,442
  20,679
  23,039
  25,521
  28,124
  30,845
  33,686
  36,646
  39,728
  42,933
  46,265
  49,728
  53,327
  57,067
  60,954
  64,996
  69,200
  73,574
  78,127
  82,869
  87,810
  92,962
  98,335
  103,942
  109,796
  115,910
  122,299
  128,977
  135,960
Revenue / Adjusted assets
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
Average production assets, $m
  4,030
  4,550
  5,102
  5,685
  6,297
  6,939
  7,611
  8,312
  9,042
  9,803
  10,593
  11,416
  12,270
  13,158
  14,081
  15,040
  16,037
  17,075
  18,154
  19,277
  20,447
  21,667
  22,938
  24,264
  25,647
  27,091
  28,600
  30,176
  31,824
  33,547
Working capital, $m
  -2,993
  -3,380
  -3,790
  -4,222
  -4,677
  -5,154
  -5,653
  -6,173
  -6,716
  -7,281
  -7,868
  -8,479
  -9,113
  -9,773
  -10,458
  -11,171
  -11,911
  -12,682
  -13,483
  -14,318
  -15,187
  -16,093
  -17,037
  -18,021
  -19,049
  -20,122
  -21,242
  -22,413
  -23,637
  -24,917
Total debt, $m
  5,959
  7,807
  9,767
  11,834
  14,009
  16,288
  18,672
  21,161
  23,754
  26,453
  29,261
  32,180
  35,214
  38,366
  41,643
  45,048
  48,588
  52,271
  56,102
  60,091
  64,245
  68,574
  73,087
  77,794
  82,705
  87,833
  93,189
  98,786
  104,636
  110,753
Total liabilities, $m
  14,307
  16,155
  18,115
  20,182
  22,357
  24,636
  27,020
  29,509
  32,102
  34,801
  37,609
  40,528
  43,562
  46,714
  49,991
  53,396
  56,936
  60,619
  64,450
  68,439
  72,593
  76,922
  81,435
  86,142
  91,053
  96,181
  101,537
  107,134
  112,984
  119,101
Total equity, $m
  2,025
  2,287
  2,564
  2,857
  3,165
  3,487
  3,825
  4,177
  4,544
  4,926
  5,324
  5,737
  6,166
  6,613
  7,076
  7,558
  8,059
  8,581
  9,123
  9,688
  10,276
  10,889
  11,527
  12,194
  12,889
  13,615
  14,373
  15,165
  15,993
  16,859
Total liabilities and equity, $m
  16,332
  18,442
  20,679
  23,039
  25,522
  28,123
  30,845
  33,686
  36,646
  39,727
  42,933
  46,265
  49,728
  53,327
  57,067
  60,954
  64,995
  69,200
  73,573
  78,127
  82,869
  87,811
  92,962
  98,336
  103,942
  109,796
  115,910
  122,299
  128,977
  135,960
Debt-to-equity ratio
  2.940
  3.410
  3.810
  4.140
  4.430
  4.670
  4.880
  5.070
  5.230
  5.370
  5.500
  5.610
  5.710
  5.800
  5.880
  5.960
  6.030
  6.090
  6.150
  6.200
  6.250
  6.300
  6.340
  6.380
  6.420
  6.450
  6.480
  6.510
  6.540
  6.570
Adjusted equity ratio
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124
  0.124

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,443
  1,748
  2,071
  2,413
  2,773
  3,151
  3,547
  3,960
  4,391
  4,840
  5,683
  6,170
  6,676
  7,202
  7,750
  8,320
  8,913
  9,531
  10,174
  10,844
  11,543
  12,272
  13,033
  13,827
  14,657
  15,525
  16,432
  17,381
  18,374
  19,413
Depreciation, amort., depletion, $m
  741
  770
  801
  834
  868
  904
  942
  981
  1,022
  1,065
  595
  641
  689
  739
  791
  845
  901
  959
  1,020
  1,083
  1,149
  1,217
  1,289
  1,363
  1,441
  1,522
  1,607
  1,695
  1,788
  1,885
Funds from operations, $m
  2,184
  2,518
  2,873
  3,247
  3,642
  4,056
  4,489
  4,941
  5,413
  5,905
  6,278
  6,811
  7,365
  7,942
  8,541
  9,165
  9,814
  10,490
  11,194
  11,927
  12,692
  13,489
  14,322
  15,190
  16,098
  17,047
  18,039
  19,076
  20,161
  21,298
Change in working capital, $m
  -363
  -387
  -410
  -433
  -455
  -477
  -499
  -521
  -543
  -565
  -587
  -611
  -635
  -660
  -685
  -712
  -741
  -770
  -802
  -834
  -869
  -906
  -944
  -985
  -1,028
  -1,073
  -1,120
  -1,171
  -1,224
  -1,280
Cash from operations, $m
  2,547
  2,905
  3,282
  3,680
  4,097
  4,532
  4,987
  5,462
  5,956
  6,470
  6,866
  7,422
  8,000
  8,601
  9,227
  9,877
  10,555
  11,260
  11,995
  12,762
  13,561
  14,395
  15,266
  16,175
  17,126
  18,120
  19,159
  20,247
  21,385
  22,577
Maintenance CAPEX, $m
  -199
  -226
  -256
  -287
  -319
  -354
  -390
  -428
  -467
  -508
  -551
  -595
  -641
  -689
  -739
  -791
  -845
  -901
  -959
  -1,020
  -1,083
  -1,149
  -1,217
  -1,289
  -1,363
  -1,441
  -1,522
  -1,607
  -1,695
  -1,788
New CAPEX, $m
  -490
  -521
  -552
  -582
  -612
  -642
  -671
  -701
  -730
  -760
  -791
  -822
  -855
  -888
  -923
  -959
  -997
  -1,037
  -1,079
  -1,123
  -1,170
  -1,219
  -1,271
  -1,326
  -1,383
  -1,444
  -1,509
  -1,576
  -1,648
  -1,723
Cash from investing activities, $m
  -689
  -747
  -808
  -869
  -931
  -996
  -1,061
  -1,129
  -1,197
  -1,268
  -1,342
  -1,417
  -1,496
  -1,577
  -1,662
  -1,750
  -1,842
  -1,938
  -2,038
  -2,143
  -2,253
  -2,368
  -2,488
  -2,615
  -2,746
  -2,885
  -3,031
  -3,183
  -3,343
  -3,511
Free cash flow, $m
  1,857
  2,158
  2,475
  2,811
  3,165
  3,537
  3,926
  4,333
  4,759
  5,202
  5,524
  6,005
  6,504
  7,024
  7,565
  8,127
  8,713
  9,322
  9,957
  10,618
  11,308
  12,027
  12,777
  13,561
  14,379
  15,234
  16,129
  17,064
  18,042
  19,066
Issuance/(repayment) of debt, $m
  1,725
  1,848
  1,959
  2,068
  2,174
  2,280
  2,384
  2,488
  2,593
  2,700
  2,808
  2,919
  3,034
  3,153
  3,276
  3,405
  3,541
  3,682
  3,832
  3,989
  4,154
  4,329
  4,513
  4,707
  4,912
  5,128
  5,356
  5,596
  5,850
  6,117
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,725
  1,848
  1,959
  2,068
  2,174
  2,280
  2,384
  2,488
  2,593
  2,700
  2,808
  2,919
  3,034
  3,153
  3,276
  3,405
  3,541
  3,682
  3,832
  3,989
  4,154
  4,329
  4,513
  4,707
  4,912
  5,128
  5,356
  5,596
  5,850
  6,117
Total cash flow (excl. dividends), $m
  3,582
  4,006
  4,434
  4,879
  5,339
  5,816
  6,310
  6,822
  7,352
  7,901
  8,332
  8,924
  9,538
  10,176
  10,841
  11,532
  12,253
  13,004
  13,788
  14,607
  15,462
  16,355
  17,290
  18,268
  19,291
  20,362
  21,484
  22,660
  23,892
  25,184
Retained Cash Flow (-), $m
  -244
  -262
  -277
  -293
  -308
  -323
  -337
  -352
  -367
  -382
  -397
  -413
  -429
  -446
  -464
  -482
  -501
  -521
  -542
  -565
  -588
  -613
  -639
  -666
  -695
  -726
  -758
  -792
  -828
  -866
Prev. year cash balance distribution, $m
  6,843
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  10,181
  3,744
  4,157
  4,586
  5,031
  5,493
  5,973
  6,470
  6,985
  7,519
  7,935
  8,510
  9,108
  9,730
  10,377
  11,050
  11,752
  12,483
  13,246
  14,042
  14,874
  15,743
  16,651
  17,601
  18,596
  19,636
  20,726
  21,868
  23,064
  24,318
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  9,761
  3,428
  3,618
  3,776
  3,900
  3,987
  4,035
  4,044
  4,012
  3,942
  3,768
  3,632
  3,463
  3,267
  3,047
  2,808
  2,557
  2,299
  2,040
  1,784
  1,538
  1,306
  1,091
  896
  723
  573
  445
  338
  252
  183
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

VMware, Inc. is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC). The SDDC is designed to transform and modernize the data center into an on-demand service that addresses application requirements by abstracting, pooling and automating the services that are required from the underlying hardware. The Company provides many storage and availability products to offer data storage and protection options to all applications running on the vSphere platform.

FINANCIAL RATIOS  of  VMware (VMW)

Valuation Ratios
P/E Ratio 54.8
Price to Sales 9.2
Price to Book 8
Price to Tangible Book
Price to Cash Flow 27.3
Price to Free Cash Flow 29.2
Growth Rates
Sales Growth Rate 6.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -54.1%
Cap. Spend. - 3 Yr. Gr. Rate -15%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 18.5%
Total Debt to Equity 18.5%
Interest Coverage 52
Management Effectiveness
Return On Assets 7.5%
Ret/ On Assets - 3 Yr. Avg. 6.9%
Return On Total Capital 12.5%
Ret/ On T. Cap. - 3 Yr. Avg. 11.4%
Return On Equity 14.8%
Return On Equity - 3 Yr. Avg. 13.3%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 85.2%
Gross Margin - 3 Yr. Avg. 84.9%
EBITDA Margin 26%
EBITDA Margin - 3 Yr. Avg. 24.4%
Operating Margin 20.3%
Oper. Margin - 3 Yr. Avg. 18.4%
Pre-Tax Margin 20.8%
Pre-Tax Margin - 3 Yr. Avg. 18.8%
Net Profit Margin 16.7%
Net Profit Margin - 3 Yr. Avg. 15.5%
Effective Tax Rate 19.5%
Eff/ Tax Rate - 3 Yr. Avg. 17.6%
Payout Ratio 0%

VMW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VMW stock intrinsic value calculation we used $7922 million for the last fiscal year's total revenue generated by VMware. The default revenue input number comes from 0001 income statement of VMware. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our VMW stock valuation model: a) initial revenue growth rate of 13.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for VMW is calculated based on our internal credit rating of VMware, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of VMware.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of VMW stock the variable cost ratio is equal to 59.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1458 million in the base year in the intrinsic value calculation for VMW stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for VMware.

Corporate tax rate of 27% is the nominal tax rate for VMware. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the VMW stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for VMW are equal to 44.7%.

Life of production assets of 17.8 years is the average useful life of capital assets used in VMware operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for VMW is equal to -33.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $8624 million for VMware - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 106.862 million for VMware is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of VMware at the current share price and the inputted number of shares is $17.0 billion.

RELATED COMPANIES Price Int.Val. Rating
CTXS Citrix Systems 107.37 98.62  hold
CSCO Cisco Systems 46.44 56.44  buy
IBM International 119.34 191.80  buy
MSFT Microsoft 104.82 189.75  str.buy
RHT Red Hat 177.10 178.63  buy
ORCL Oracle 46.00 34.20  sell
INTC Intel 46.24 41.31  hold
ZIXI Zix 6.24 3.59  sell

COMPANY NEWS

▶ Should You Buy VMware, Inc. (VMW)?   [04:16AM  Insider Monkey]
▶ [$$] Dell: the tricky maths of a reverse merger   [Dec-09-18 12:00AM  Financial Times]
▶ Michael Dells Latest Deal Could Yield a Cheap New Stock   [Dec-08-18 06:00AM  Barrons.com]
▶ Why VMware Stock Jumped 18.4% in November   [Dec-06-18 04:36PM  Motley Fool]
▶ These Bay Area companies made Glassdoor's 2019 Best Places to Work   [Dec-04-18 11:59PM  American City Business Journals]
▶ 5 Companies Hit 52-Week Highs   [11:40AM  GuruFocus.com]
▶ Investment Loss Dings VMware's Bottom Line   [Nov-30-18 05:00PM  Motley Fool]
▶ VMware, Sprouts and More Morning Movers   [09:12AM  Barrons.com]
▶ [$$] Stocks to Watch: HP, Marriott, GE, GameStop   [08:58AM  The Wall Street Journal]
▶ Cloud Software Maker VMware Earnings, Revenue Top Estimates   [04:59PM  Investor's Business Daily]
▶ VMware: Fiscal 3Q Earnings Snapshot   [04:41PM  Associated Press]
▶ Q3 Earnings Preview For VMware   [07:41AM  Benzinga]
▶ Investor opposition fades as Dell ups buyout offer to $120 per share   [Nov-19-18 04:05PM  American City Business Journals]
▶ Investors Dont Think Much of Michael Dells Company   [Nov-18-18 04:30PM  Barrons.com]
▶ [$$] Dell plans to sweeten share buyback offer   [07:07AM  Financial Times]
▶ [$$] Dell/VMware: tracker whacker   [01:36AM  Financial Times]
▶ [$$] Digital legal papers give greater access to justice   [Nov-14-18 11:50PM  Financial Times]
▶ Dell in talks about changing nearly $22B go-public deal, according to reports   [Nov-08-18 09:12AM  American City Business Journals]
▶ [$$] VMwareBuys KubernetesStartup Heptio   [Nov-06-18 07:15AM  The Wall Street Journal]
▶ VMware's new HQ addition is aimed at tackling 'topics that matter,' CEO says   [Nov-05-18 09:35AM  American City Business Journals]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.