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Cisco — 护城河评估

$打开交互终端运行 `audit moat` 并使用自定义选项。→
资本流向回报率指标盈利质量负债纪律护城河评估
MOAT ASSESSMENT

TICKER: [US.CSCO - Cisco]
PERIOD: [2010-ANNUAL ~ 2026-ANNUAL]


Parameter  Value
----------------
WACC         10%
Tax Rate   21.0%


[+] ROIC Quality: Median 38.3%
    ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 25.1%
    ↳ CoV < 10% = highly stable
[+] Gross Margin Stability: 2.7%
    ↳ CoV < 10% = stable pricing power
[+] Economic Moat (ROIC-WACC): 28.3%
    ↳ > 5% = creating economic value


Metric  Gross Margin       ROIC
-------------------------------
Mean           62.7%      36.6%
Median         62.9%      38.3%
Max            64.9%      48.8%
Min            58.9%      16.8%
StdDev          1.7%       9.2%
CoV             2.7%      25.1%
Slope       0.22%/yr  -0.91%/yr
R²               41%        22%


[DATA]


Period       Revenue  Gross Profit    GM%   ROIC  ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL   40.04B        25.64B  64.0%      -          -
2011 ANNUAL   43.22B        26.54B  61.4%  35.6%      25.6%
2012 ANNUAL   46.06B        28.21B  61.2%  44.6%      34.6%
2013 ANNUAL   48.61B        29.44B  60.6%  42.6%      32.6%
2014 ANNUAL   47.14B        27.77B  58.9%  31.9%      21.9%
2015 ANNUAL   49.16B        29.68B  60.4%  36.2%      26.2%
2016 ANNUAL   49.25B        30.96B  62.9%  40.0%      30.0%
2017 ANNUAL   48.01B        30.22B  63.0%  36.0%      26.0%
2018 ANNUAL   49.33B        30.61B  62.0%  38.8%      28.8%
2019 ANNUAL   51.90B        32.67B  62.9%  48.8%      38.8%
2020 ANNUAL   49.30B        31.68B  64.3%  46.5%      36.5%
2021 ANNUAL   49.82B        31.89B  64.0%  42.2%      32.2%
2022 ANNUAL   51.56B        32.25B  62.5%  37.9%      27.9%
2023 ANNUAL   57.00B        35.75B  62.7%  43.4%      33.4%
2024 ANNUAL   53.80B        34.83B  64.7%  24.1%      14.1%
2025 ANNUAL   56.65B        36.79B  64.9%  16.8%       6.8%
2026 ANNUAL   63.33B        40.86B  64.5%  20.7%      10.7%
audit moat
MOAT ASSESSMENT TICKER: [US.CSCO - Cisco] PERIOD: [2010-ANNUAL ~ 2026-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[+] ROIC Quality: Median 38.3% ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 25.1% ↳ CoV < 10% = highly stable
[+] Gross Margin Stability: 2.7% ↳ CoV < 10% = stable pricing power
[+] Economic Moat (ROIC-WACC): 28.3% ↳ > 5% = creating economic value
Metric Gross Margin ROIC
-------------------------------
Mean 62.7% 36.6%
Median 62.9% 38.3%
Max 64.9% 48.8%
Min 58.9% 16.8%
StdDev 1.7% 9.2%
CoV 2.7% 25.1%
Slope 0.22%/yr -0.91%/yr
R² 41% 22%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL 40.04B 25.64B 64.0% - -
2011 ANNUAL 43.22B 26.54B 61.4% 35.6% 25.6%
2012 ANNUAL 46.06B 28.21B 61.2% 44.6% 34.6%
2013 ANNUAL 48.61B 29.44B 60.6% 42.6% 32.6%
2014 ANNUAL 47.14B 27.77B 58.9% 31.9% 21.9%
2015 ANNUAL 49.16B 29.68B 60.4% 36.2% 26.2%
2016 ANNUAL 49.25B 30.96B 62.9% 40.0% 30.0%
2017 ANNUAL 48.01B 30.22B 63.0% 36.0% 26.0%
2018 ANNUAL 49.33B 30.61B 62.0% 38.8% 28.8%
2019 ANNUAL 51.90B 32.67B 62.9% 48.8% 38.8%
2020 ANNUAL 49.30B 31.68B 64.3% 46.5% 36.5%
2021 ANNUAL 49.82B 31.89B 64.0% 42.2% 32.2%
2022 ANNUAL 51.56B 32.25B 62.5% 37.9% 27.9%
2023 ANNUAL 57.00B 35.75B 62.7% 43.4% 33.4%
2024 ANNUAL 53.80B 34.83B 64.7% 24.1% 14.1%
2025 ANNUAL 56.65B 36.79B 64.9% 16.8% 6.8%
2026 ANNUAL 63.33B 40.86B 64.5% 20.7% 10.7%