Goldman Sachs Research
VMware, Inc. (VMW): Relay Automated Smoke Test Single Issuer Focus
Table of Contents
20 July 2019 | 9:50PM BST | Research | Equity| By Daniela Costa
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Exhibit 1: Test Exhibit

1. Test Exhibit. Data available on request.
Source: Global Investment Research
VMW Price Target: -- Price: $90.18 Upside: --
Coverage Suspended
Market cap: $901.8mn
Enterprise value: --
3m ADTV: NA
United States
America-Software
GS Forecast
----12/17E--
Revenue ($ mn)--------
EBITDA ($ mn)--------
EBIT ($ mn)--------
EPS ($)--------
P/E (X)----NM--
EV/EBITDA (X)--------
FCF yield (%)----NM--
Dividend yield (%)--------
Net debt/EBITDA (X)--------
--------
EPS ($)--------
Source: Company data, Goldman Sachs Research estimates, FactSet. Price as of 20 Dec 2013 close.

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