Financials Intel Corporation Sao Paulo

Equities

ITLC34

BRITLCBDR005

Semiconductors

Market Closed - Sao Paulo Other stock markets 16:05:00 2024-05-15 EDT			5-day change	1st Jan Change
26.65 ^BRL	-10.08%		+3.37%	-34.29%

05-14	US companies with highest exposure to China	RE
05-14	Intel appoints new CEO for Foundry Services division	CF

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	259,347	199,778	210,427	109,077	211,854	132,176	-	-
Enterprise Value (EV) ¹	275,225	212,284	220,115	122,790	236,086	169,149	169,656	168,357
P/E ratio	12.7 x	9.87 x	10.6 x	13.6 x	126 x	218 x	29.3 x	17.8 x
Yield	2.21%	2.71%	2.82%	5.52%	-	1.59%	1.61%	1.67%
Capitalization / Revenue	3.6 x	2.57 x	2.82 x	1.73 x	3.91 x	2.36 x	2.1 x	1.91 x
EV / Revenue	3.82 x	2.73 x	2.95 x	1.95 x	4.35 x	3.02 x	2.7 x	2.43 x
EV / EBITDA	8.28 x	5.88 x	6.77 x	6.45 x	18.9 x	11.4 x	8.28 x	6.5 x
EV / FCF	16.3 x	10 x	19.6 x	-13 x	-16.5 x	-13.4 x	-27.4 x	-58.8 x
FCF Yield	6.15%	9.95%	5.11%	-7.66%	-6.05%	-7.44%	-3.64%	-1.7%
Price to Book	3.3 x	2.48 x	2.22 x	1.08 x	2 x	1.22 x	1.16 x	1.06 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	31.27	31.27	31.27
Announcement Date	20-01-23	21-01-21	22-01-26	23-01-26	24-01-25	-	-	-

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	55,918	62,934	69,292
EBITDA ¹	33,254	36,115	32,505	19,045	12,514	14,807	20,489	25,881
EBIT ¹	23,752	25,292	22,205	7,917	4,667	5,085	9,329	12,850
Operating Margin	33%	32.48%	29.72%	12.56%	8.61%	9.09%	14.82%	18.55%
Earnings before Tax (EBT) ¹	24,058	25,078	21,703	7,768	762	1,262	5,020	8,437
Net income ¹	21,048	20,899	19,868	8,014	1,689	407.1	4,502	7,631
Net margin	29.25%	26.84%	26.59%	12.71%	3.11%	0.73%	7.15%	11.01%
EPS ²	4.710	4.940	4.860	1.940	0.4000	0.1433	1.066	1.758
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%	-22.49%	-9.82%	-4.13%
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	-	0.4986	0.5036	0.5214
Announcement Date	20-01-23	21-01-21	22-01-26	23-01-26	24-01-25	-	-	-

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	13,024	14,453	15,686	14,700	15,327
EBITDA ¹	7,738	7,185	4,565	4,436	3,421	1,607	2,288	3,944	4,674	2,923	2,835	4,031	4,966	4,379	4,861
EBIT ¹	5,051	4,241	1,417	1,655	602	-294	456	1,924	2,580	723	429	1,477	2,373	1,676	2,002
Operating Margin	25.86%	23.11%	9.25%	10.79%	4.29%	-2.51%	3.52%	13.59%	16.75%	5.68%	3.29%	10.22%	15.13%	11.4%	13.06%
Earnings before Tax (EBT) ¹	5,194	9,661	-909	-188	-796	-1,158	-816	-52	2,788	-719	-471.1	298.8	1,179	595	932.4
Net income ¹	4,623	8,113	-454	1,019	-664	-2,758	1,481	297	2,669	-381	-461.6	227.7	980.7	507.4	821.4
Net margin	23.67%	44.21%	-2.96%	6.64%	-4.73%	-23.54%	11.44%	2.1%	17.32%	-2.99%	-3.54%	1.58%	6.25%	3.45%	5.36%
EPS ²	1.130	1.980	-0.1100	0.2500	-0.1600	-0.6600	0.3500	0.0700	0.6300	-0.0900	-0.1020	0.0624	0.2266	0.1213	0.2003
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	0.1288	0.1264
Announcement Date	22-01-26	22-04-28	22-07-28	22-10-27	23-01-26	23-04-27	23-07-27	23-10-26	24-01-25	24-04-25	-	-	-	-	-

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	2.497 x	1.829 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%	4.32%	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	18,719	133,959	163,268
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	2.630	4.350	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%	38.63%	35.83%	33.82%
Announcement Date	20-01-23	21-01-21	22-01-26	23-01-26	24-01-25	-	-	-

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

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

31.27 USD

Average target price

40.18 USD

Spread / Average Target

+28.51%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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