Financials Intel Corporation

Equities

INTC

US4581401001

Semiconductors

Real-time Estimate Cboe BZX Other stock markets 12:58:32 2024-05-06 pm EDT			5-day change	1st Jan Change
30.76 ^USD	-0.03%		-2.01%	-38.85%

May. 03	Ericsson: 5G agreement with DNB in Malaysia	CF
May. 03	Malaysia's DNB signs deal with Ericsson, Intel on 5G solutions	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	259,347	199,778	210,427	109,077	211,854	131,537	-	-
Enterprise Value (EV) ¹	275,225	212,284	220,115	122,790	236,086	168,511	169,017	167,718
P/E ratio	12.7 x	9.87 x	10.6 x	13.6 x	126 x	204 x	28.7 x	17 x
Yield	2.21%	2.71%	2.82%	5.52%	-	1.61%	1.63%	1.7%
Capitalization / Revenue	3.6 x	2.57 x	2.82 x	1.73 x	3.91 x	2.35 x	2.09 x	1.89 x
EV / Revenue	3.82 x	2.73 x	2.95 x	1.95 x	4.35 x	3.01 x	2.68 x	2.41 x
EV / EBITDA	8.28 x	5.88 x	6.77 x	6.45 x	18.9 x	11.4 x	8.15 x	6.48 x
EV / FCF	16.3 x	10 x	19.6 x	-13 x	-16.5 x	-13.4 x	-27.3 x	-58.5 x
FCF Yield	6.15%	9.95%	5.11%	-7.66%	-6.05%	-7.46%	-3.66%	-1.71%
Price to Book	3.3 x	2.48 x	2.22 x	1.08 x	2 x	1.21 x	1.14 x	1.05 x
Nbr of stocks (in thousands)	4,350,000	4,098,000	4,067,000	4,127,000	4,216,000	4,256,872	-	-
Reference price ²	59.62	48.75	51.74	26.43	50.25	30.90	30.90	30.90
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	71,965	77,867	74,718	63,054	54,228	56,045	62,967	69,496
EBITDA ¹	33,254	36,115	32,505	19,045	12,514	14,841	20,744	25,885
EBIT ¹	23,752	25,292	22,205	7,917	4,667	5,122	9,434	13,267
Operating Margin	33%	32.48%	29.72%	12.56%	8.61%	9.14%	14.98%	19.09%
Earnings before Tax (EBT) ¹	24,058	25,078	21,703	7,768	762	1,358	5,039	8,437
Net income ¹	21,048	20,899	19,868	8,014	1,689	433.3	4,542	7,865
Net margin	29.25%	26.84%	26.59%	12.71%	3.11%	0.77%	7.21%	11.32%
EPS ²	4.710	4.940	4.860	1.940	0.4000	0.1516	1.076	1.817
Free Cash Flow ¹	16,932	21,125	11,258	-9,411	-14,279	-12,578	-6,182	-2,865
FCF margin	23.53%	27.13%	15.07%	-14.93%	-26.33%	-22.44%	-9.82%	-4.12%
FCF Conversion (EBITDA)	50.92%	58.49%	34.63%	-	-	-	-	-
FCF Conversion (Net income)	80.44%	101.08%	56.66%	-	-	-	-	-
Dividend per Share ²	1.320	1.320	1.460	1.460	-	0.4985	0.5038	0.5250
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	19,532	18,353	15,321	15,338	14,042	11,715	12,949	14,158	15,406	12,724	13,091	14,486	15,672	14,724	15,336
EBITDA ¹	7,738	7,185	4,565	4,436	3,421	1,607	2,288	3,944	4,674	2,923	2,887	4,029	4,970	4,460	4,861
EBIT ¹	5,051	4,241	1,417	1,655	602	-294	456	1,924	2,580	723	469.5	1,487	2,368	1,707	2,014
Operating Margin	25.86%	23.11%	9.25%	10.79%	4.29%	-2.51%	3.52%	13.59%	16.75%	5.68%	3.59%	10.26%	15.11%	11.59%	13.13%
Earnings before Tax (EBT) ¹	5,194	9,661	-909	-188	-796	-1,158	-816	-52	2,788	-719	-465	307	1,190	605.4	942.8
Net income ¹	4,623	8,113	-454	1,019	-664	-2,758	1,481	297	2,669	-381	-455.9	243.9	983.3	526.8	838.3
Net margin	23.67%	44.21%	-2.96%	6.64%	-4.73%	-23.54%	11.44%	2.1%	17.32%	-2.99%	-3.48%	1.68%	6.27%	3.58%	5.47%
EPS ²	1.130	1.980	-0.1100	0.2500	-0.1600	-0.6600	0.3500	0.0700	0.6300	-0.0900	-0.1006	0.0747	0.2271	0.1272	0.2054
Dividend per Share ²	0.3650	0.3650	0.3650	0.3650	0.3650	0.3650	0.1250	0.1250	-	-	0.1275	0.1262	0.1262	0.1286	0.1258
Announcement Date	1/26/22	4/28/22	7/28/22	10/27/22	1/26/23	4/27/23	7/27/23	10/26/23	1/25/24	4/25/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	15,878	12,506	9,688	13,713	24,232	36,974	37,480	36,181
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.4775 x	0.3463 x	0.298 x	0.72 x	1.936 x	2.491 x	1.807 x	1.398 x
Free Cash Flow ¹	16,932	21,125	11,258	-9,411	-14,279	-12,578	-6,182	-2,865
ROE (net income / shareholders' equity)	27.7%	26.4%	25.3%	7.72%	4.27%	4.35%	7.59%	9.87%
ROA (Net income/ Total Assets)	15.9%	14.4%	13.9%	4.33%	2.37%	2.17%	3.36%	4.67%
Assets ¹	132,243	144,807	142,859	184,948	71,347	19,925	135,147	168,295
Book Value Per Share ²	18.10	19.70	23.30	24.50	25.10	25.60	27.10	29.50
Cash Flow per Share ²	7.410	8.360	7.330	3.740	2.720	2.640	4.370	5.250
Capex ¹	16,213	14,259	18,733	24,844	25,750	21,599	22,552	23,438
Capex / Sales	22.53%	18.31%	25.07%	39.4%	47.48%	38.54%	35.82%	33.73%
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Intel Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

30.9 USD

Average target price

41.36 USD

Spread / Average Target

+33.85%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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