# Applied Materials CDR (CAD Hedged) (AMAT.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Semiconductors & Chip Equipment. Price C$42.36, market value C$416.9 billion.

## Valuation
- **P/E (trailing): 32.8×**. Applied Materials CDR (CAD Hedged) trades at 32.8× trailing earnings. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 13.5×**. Each dollar of revenue is priced at 13.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 9.3×**. The shares trade at 9.3× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 35.7×**. Enterprise value is 35.7× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.3%**. Free cash flow equals 1.3% of the market value.
- **Earnings yield: 3.0%**. The inverse of the P/E: 3.0% of the price is earned each year.

## Profitability
- **Gross margin: 49.4%**. Applied Materials CDR (CAD Hedged) keeps 49.4% of revenue after the direct cost of what it sells.
- **Operating margin: 31.1%**. 31.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 24.7%**. 24.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.3%**. 34.3% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 43.8%**. Return on all capital, debt included, is 43.8%: comfortably above what that capital costs.
- **Return on assets: 25.5%**. Each dollar of assets produces 25.5% of profit.

## Growth
- **Revenue growth (1 yr): 4.4%** (3-yr 3.2%/yr). Revenue grew 4.4% over the last year.
- **EPS growth (1 yr): 0.6%** (3-yr 5.2%/yr). Earnings per share rose 0.6%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 7.3%/yr**. Free cash flow has compounded at 7.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.35**. Debt is 0.35 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Applied Materials CDR (CAD Hedged) holds more cash than debt.
- **Interest coverage: 25.4×**. Operating profit covers interest 25.4× over, a safe margin.
- **Current ratio: 2.61** (quick 1.87). Current assets cover the next year's liabilities 2.61 times.
- **Altman Z-score: 18.76**. A Z-score of 18.76 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Applied Materials CDR (CAD Hedged) does not currently pay a dividend, but it returned 0.5% of its market value through buybacks over the last year.

## Price and momentum
- **From 52-week high: -48.4%** (45.7% above the low). Trading 48% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 1.69** (volatility 66%). Beta of 1.69 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AMAT.TO · Page: https://foliofundamentals.com/stocks/amat.to

Not investment advice.