Financials HP Inc.

Equities

HPQ

US40434L1052

Computer Hardware

Market Closed - Nyse Other stock markets 16:00:02 2024-12-10 EST			5-day change	1st Jan Change
34.94 ^USD	-4.14%		-5.03%	+16.12%

11-29	HSBC Downgrades HP to Hold From Buy, Adjusts Price Target to $38 From $39	MT
11-28	Global markets live: Amazon, Uber Technologies, Coinbase Global, Eni, AstraZeneca...

Projected Income Statement: HP Inc.

Fiscal Period: Octubre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	58,756	56,639	63,487	62,983	53,718	53,559	54,937	56,588
Change	-	-3.6%	12.09%	-0.79%	-14.71%	-0.3%	2.57%	3%
EBITDA ¹	5,047	4,842	6,554	6,258	5,423	5,350	5,335	5,319
Change	-	-4.06%	35.36%	-4.52%	-13.34%	-1.35%	-0.27%	-0.31%
EBIT ¹	4,303	4,053	5,769	5,478	4,573	4,520	4,555	4,639
Change	-	-5.81%	42.34%	-5.04%	-16.52%	-1.16%	0.78%	1.84%
Interest Paid ¹	-1,354	-231	-254	-359	-519	-539	-568.8	-557.7
Earnings before Tax (EBT) ¹	2,523	3,231	7,511	4,441	2,937	3,279	3,623	3,798
Change	-	28.06%	132.47%	-40.87%	-33.87%	11.64%	10.49%	4.83%
Net income ¹	3,152	2,844	6,503	3,203	3,263	2,775	3,073	3,130
Change	-	-9.77%	128.66%	-50.75%	1.87%	-14.96%	10.72%	1.88%
Announcement Date	11/26/19	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-

¹USD in Million

Estimates

Fiscal Period: Octubre	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	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	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	15,407	14,618	12,469	14,294	15,258	15,646	15,877	15,289	16,675	17,028	16,490	14,664	14,801	13,828	12,913	13,196	13,817	13,185	12,800	13,519	14,055	13,382	13,046	13,884	14,585	13,774	13,359	14,217
Change	-	-5.12%	-14.7%	14.64%	6.74%	2.54%	1.48%	-3.7%	9.07%	2.12%	-3.16%	-11.07%	0.93%	-6.57%	-6.62%	2.19%	4.71%	-4.57%	-2.92%	5.62%	3.96%	-4.79%	-2.51%	6.43%	5.05%	-5.56%	-3.02%	6.43%
EBITDA ¹	1,335	1,380	1,137	1,075	1,250	1,680	1,629	1,699	1,546	1,696	1,637	1,570	1,355	1,284	1,333	1,383	1,459	1,311	1,334	1,297	1,408	1,182	1,218	1,422	1,542	-	-	-
Change	-	3.37%	-17.61%	-5.45%	16.28%	34.4%	-3.04%	4.3%	-9.01%	9.7%	-3.48%	-4.09%	-13.69%	-5.24%	3.82%	3.75%	5.5%	-10.14%	1.75%	-2.77%	8.56%	-16.05%	3.05%	16.75%	8.44%	-100%	-	-
EBIT ¹	1,130	1,182	939	878	1,054	1,477	1,443	1,503	1,346	1,499	1,444	1,389	1,146	1,075	1,121	1,166	1,247	1,106	1,125	1,089	1,200	989.1	1,104	1,188	1,293	1,103	1,154	1,185
Change	-	4.6%	-20.56%	-6.5%	20.05%	40.13%	-2.3%	4.16%	-10.45%	11.37%	-3.67%	-3.81%	-17.49%	-6.2%	4.28%	4.01%	6.95%	-11.31%	1.72%	-3.2%	10.19%	-17.58%	11.61%	7.64%	8.78%	-14.69%	4.63%	2.69%
Charge d'intérêts ¹	-452	13	-56	-28	-216	-63	-64	-55	-61	-61	-74	-70	-154	-143	-160	-16	-162	-142	-155	-113	-129	-142.7	-144	-142	-141.7	-139.5	-139	-138.5
Earnings before Tax (EBT) ¹	492	-	826	751	776	1,296	-	1,326	3,553	1,327	-	1,202	673	584	602	936	852	793	797	827	862	774	809	1,022	1,126	737	722	799
Change	-	-100%	-	-9.08%	3.33%	67.01%	-100%	-	167.95%	-62.65%	-100%	-	-44.01%	-13.22%	3.08%	55.48%	-8.97%	-6.92%	0.5%	3.76%	4.23%	-10.21%	4.52%	26.33%	10.18%	-34.55%	-2.04%	10.66%
Net income ¹	388	678	764	734	668	1,068	1,228	1,108	3,099	1,086	1,000	1,119	-2	487	1,066	766	974	622	607	640	906	630.7	713.4	854.9	976.6	691.8	709.1	749.7
Change	-	74.74%	12.68%	-3.93%	-8.99%	59.88%	14.98%	-9.77%	179.69%	-64.96%	-7.92%	11.9%	-	-	118.89%	-28.14%	27.15%	-36.14%	-2.41%	5.44%	41.56%	-30.39%	13.11%	19.84%	14.24%	-29.16%	2.5%	5.73%
Announcement Date	11/26/19	2/24/20	5/27/20	8/27/20	11/24/20	2/25/21	5/27/21	8/26/21	11/23/21	2/28/22	5/31/22	8/30/22	11/22/22	2/28/23	5/30/23	8/29/23	11/21/23	2/28/24	5/29/24	8/28/24	11/26/24	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: HP Inc.

Fiscal Period: Octubre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	600	1,353	3,193	7,869	6,252	6,416	6,557	6,379
Change	-	125.5%	135.99%	146.45%	-20.55%	2.62%	5.05%	-2.71%
Announcement Date	11/26/19	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-

¹USD in Million

Estimates

Cash Flow Forecast: HP Inc.

Fiscal Period: Octubre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	671	580	582	791	609	592	628.2	654.4
Change	-	-13.56%	0.34%	35.91%	-23.01%	-2.79%	5.81%	4.17%
Free Cash Flow (FCF) ¹	3,983	3,736	5,827	3,672	2,962	3,300	3,495	3,753
Change	-	-6.2%	55.97%	-36.98%	-19.34%	11.41%	4.8%	7.39%
Announcement Date	11/26/19	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: HP Inc.

Fiscal Period: Octubre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	8.59%	8.55%	10.32%	9.94%	10.1%	9.99%	9.71%	9.4%
EBIT Margin (%)	7.32%	7.16%	9.09%	8.7%	8.51%	8.44%	8.29%	8.2%
EBT Margin (%)	4.29%	5.7%	11.83%	7.05%	5.47%	6.12%	6.59%	6.71%
Net margin (%)	5.36%	5.02%	10.24%	5.09%	6.07%	5.18%	5.59%	5.53%
FCF margin (%)	6.78%	6.6%	9.18%	5.83%	5.51%	6.16%	6.36%	6.63%
FCF / Net Income (%)	126.36%	131.36%	89.6%	114.64%	90.78%	118.92%	113.75%	119.9%
Profitability
ROA	10.01%	9.49%	12.61%	11.11%	8.68%	8.68%	7.89%	7.66%
ROE	-	-	-	-	-160.09%	-	-	-
Financial Health
Leverage (Debt/EBITDA)	0.12x	0.28x	0.49x	1.26x	1.15x	1.2x	1.23x	1.2x
Debt / Free cash flow	0.15x	0.36x	0.55x	2.14x	2.11x	1.94x	1.88x	1.7x
Capital Intensity
CAPEX / Current Assets (%)	1.14%	1.02%	0.92%	1.26%	1.13%	1.11%	1.14%	1.16%
CAPEX / EBITDA (%)	13.3%	11.98%	8.88%	12.64%	11.23%	11.07%	11.77%	12.3%
CAPEX / FCF (%)	16.85%	15.52%	9.99%	21.54%	20.56%	17.94%	17.97%	17.44%
Items per share
Cash flow per share ¹	3.054	3.039	5.253	4.25	3.571	3.791	4.06	3.988
Change	-	-0.47%	72.84%	-19.1%	-15.98%	6.15%	8.83%	-1.76%
Dividend per Share ¹	0.64	0.7	0.78	1	1.05	1.1	1.165	1.223
Change	-	9.37%	11.43%	28.21%	5%	4.76%	5.28%	5.02%
Book Value Per Share ¹	-0.7828	-1.569	-1.352	-2.978	-1.078	-1.351	-1.764	-1.758
Change	-	100.44%	-13.8%	120.16%	-63.81%	25.41%	4.98%	-0.34%
EPS ¹	2.07	2	5.33	3.05	3.26	2.81	3.225	3.38
Change	-	-3.38%	166.5%	-42.78%	6.89%	-13.8%	20.2%	4.8%
Nbr of stocks (in thousands)	1,481,914	1,373,497	1,152,519	1,152,519	988,269	963,718	963,718	963,718
Announcement Date	11/26/19	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-