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Investment Case: GlobalFoundries

A research-driven valuation and investment analysis pack for GlobalFoundries Inc., covering the semiconductor foundry business model, operating drivers, valuation framework, source library, and model update process.

Overview

This repository contains an institutional-style investment case built around a maintained valuation model and supporting research library. The core asset is intended to be a DCF and comparable-company valuation framework supported by reported financials, investor materials, company research, end-market analysis, operating datasets, and final output materials.

The model is designed to be updated over time as new quarterly reports, Form 6-K filings, investor presentations, operating metrics, capacity data, comparable company data, and industry research become available. The repository is organized so that sources, assumptions, and outputs can be reviewed and refreshed without rebuilding the analysis from scratch.

What the Model Contains

The Excel workbook is intended to be structured around a control page, operating build, valuation tabs, comparable company analysis, and supporting assumptions.

Tab Purpose
Exec Summary High-level model output, key valuation takeaways, and investment case summary.
Cover Control panel, valuation summary, scenario selectors, and upside/downside summary.
Operating Build Revenue, margin, capex, cash flow, and key operating driver forecast.
DCF Consolidated discounted cash flow valuation.
WACC Cost of capital assumptions.
Ratios Financial and valuation ratio analysis.
Graphs Visual outputs and supporting charts.
Foundry Comps Comparable company analysis for semiconductor foundries and related peers.
Actuals Reported financial data from quarterly financials and Form 6-K filings.
Historicals Historical operating and financial assumptions.

The model is intended to be usable as a working valuation file rather than a static output. Scenario selectors, operating assumptions, peer multiples, WACC inputs, and historical data can be refreshed as the research base evolves.

Repository Structure

This repository is broader than a single Excel workbook. It is intended to function as a complete valuation pack containing:

00_Index.xlsx              Central index of key sources and files.
01_Filings                 Primary filings, regulatory documents, government disclosures, and official source documents.
02_Investor_Materials      Company presentations, investor materials, fundraising documents, factsheets, and management materials.
03_Financial_Reporting     Financial reports, transcripts, earnings materials, conference transcripts, and management commentary.
04_Research                Broker reports, industry reports, competitor research, TAM studies, and valuation research.
05_News                    News articles, funding rounds, M&A announcements, major contracts, and important developments.
06_Operating_Data          Model input datasets such as revenue by end market, wafer metrics, capacity, utilisation, capex, and peer multiples.
07_Model                   Main Excel valuation model, archived versions, and model cover image.
08_Output                  Investment memos, valuation summaries, presentation decks, and final outputs.

Updating the Model

The repository is designed for periodic maintenance as new information becomes available.

Quarterly updates may include:

  • Add new operating data.
  • Refresh comparable company trading multiples.
  • Update WACC assumptions.
  • Update wafer shipments, ASP, capacity utilisation, capex, gross margin, and free cash flow assumptions.
  • Reconcile new actuals or management commentary.

Annual updates may include:

  • Rebuild historical financials.
  • Refresh long-term assumptions.
  • Update TAM and industry research.
  • Review DCF assumptions.
  • Refresh scenario cases.
  • Archive prior model versions.

Intended Use

This repository can be used for:

  • Learning valuation modelling.
  • Understanding GlobalFoundries' business model.
  • Practicing investment research workflows.
  • Tracking semiconductor foundry operating assumptions.
  • Building repeatable investment case repositories.

Disclaimer

This project is for educational and research purposes only. It is not financial advice, investment advice, or a recommendation to buy or sell any security.

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nstitutional-style investment case on GlobalFoundries featuring a full valuation model, operating metrics, industry analysis, primary-source filings, and supporting research.

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