Explain this page
Arphra AIPlain-English read on Intel Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | — | — | — | — | — | — |
| Enterprise value | — | — | — | — | — | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | — | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +55.45% | +42.61% | +40.04% | +32.66% | +34.77% | +35.98% | +34.76% | +36.62% | +36.17% |
| Operating margin | +24.62% | +3.70% | +0.17% | -21.99% | -0.04% | -7.41% | -7.25% | -7.31% | -7.18% |
| EBITDA margin | +42.87% | +33.78% | +20.73% | +2.27% | +27.16% | +16.99% | +16.72% | +16.88% | +17.21% |
| EBIT margin | +27.94% | +13.11% | +3.02% | -19.16% | +5.01% | -3.63% | -3.73% | -3.63% | -3.79% |
| Pre-tax margin | +27.46% | +12.32% | +1.41% | -21.11% | +2.95% | -5.43% | -5.52% | -5.54% | -5.74% |
| Net margin | +25.14% | +12.71% | +3.11% | -35.32% | -0.51% | -11.16% | -10.88% | -10.84% | -11.03% |
| Cost structure | |||||||||
| Cost of revenue / sales | +44.55% | +57.39% | +59.96% | +67.34% | +65.23% | +63.31% | +62.49% | +63.91% | +65.47% |
| R&D intensity | +19.22% | +27.80% | +29.59% | +31.16% | +26.06% | +28.12% | +28.16% | +28.15% | +28.43% |
| SG&A intensity | +8.28% | +11.10% | +10.39% | +10.37% | +8.72% | +9.54% | +9.59% | +10.11% | +9.84% |
| Effective tax rate | +8.46% | -3.21% | -119.82% | — | +98.33% | — | — | — | — |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +20.83% | +7.76% | +1.54% | -17.86% | -0.21% | -5.40% | -5.27% | -5.04% | -5.06% |
| Return on assets (ROA) | +11.80% | +4.40% | +0.88% | -9.55% | -0.13% | -2.99% | -2.83% | -2.97% | -2.92% |
| Return on capital (ROC) | +14.57% | +1.61% | +0.06% | -7.53% | -0.01% | -2.49% | -2.42% | -2.37% | -2.32% |
| Return on invested capital (ROIC) | +14.88% | +5.51% | +1.06% | -5.65% | -0.01% | -1.87% | -1.81% | -1.78% | -1.74% |
| Asset turnover | +46.92% | +34.63% | +28.31% | +27.03% | +25.00% | +26.78% | +25.99% | +27.39% | +26.53% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +25.14% | +12.71% | +3.11% | -35.32% | -0.51% | -11.16% | -10.88% | -10.84% | -11.03% |
| Asset turnover (× revenue / assets) | +46.92% | +34.63% | +28.31% | +27.03% | +25.00% | +26.78% | +25.99% | +27.39% | +26.53% |
| Equity multiplier (× assets / equity) | +176.54% | +176.31% | +174.21% | +187.07% | +167.32% | +180.62% | +186.25% | +169.79% | +173.09% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.47 | 0.35 | 0.28 | 0.27 | 0.25 | 0.27 | 0.26 | 0.27 | 0.27 |
| Fixed-asset turnover | 1.25 | 0.78 | 0.56 | 0.49 | 0.50 | — | — | — | — |
| Inventory turnover | 3.27 | 2.74 | 2.92 | 2.93 | 2.97 | — | — | — | — |
| Receivables turnover | 8.36 | 15.26 | 15.94 | 15.27 | 13.77 | — | — | — | — |
| Payables turnover | 6.13 | 3.77 | 3.79 | 2.85 | 3.49 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 43.68 | 23.92 | 22.90 | 23.91 | 26.51 | — | — | — | — |
| Days inventory outstanding (DIO) | 111.71 | 133.38 | 124.90 | 124.52 | 122.99 | — | — | — | — |
| Days payables outstanding (DPO) | 59.58 | 96.78 | 96.29 | 128.17 | 104.62 | — | — | — | — |
| Cash conversion cycle | 95.81 | 60.53 | 51.51 | 20.25 | 44.89 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.48 | 1.93 | 6.79 | -0.44 | -36.32 | -1.61 | -1.70 | -1.67 | -1.64 |
| FCF / Net income | 0.46 | -1.20 | -8.45 | 0.83 | 18.54 | 1.94 | 1.98 | 1.94 | 1.96 |
| FCF margin | +11.55% | -15.25% | -26.33% | -29.48% | -9.36% | -21.67% | -21.61% | -21.09% | -21.59% |
| OCF margin | +37.27% | +24.48% | +21.15% | +15.61% | +18.35% | +17.98% | +18.55% | +18.11% | +18.04% |
| CapEx / Revenue | +25.73% | +39.73% | +47.48% | +45.09% | +27.71% | +39.99% | +40.47% | +40.71% | +40.45% |
| CapEx / D&A | 1.72 | 1.92 | 2.68 | 2.10 | 1.25 | — | — | — | — |
| Stock-based comp / Revenue | +2.58% | +4.96% | +5.95% | +6.42% | +4.61% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 4.86 | 1.94 | 0.40 | -4.38 | -0.06 | 1.08 | 1.50 | 2.14 | 2.59 |
| EPS · basic | 4.89 | 1.95 | 0.40 | -4.38 | -0.06 | 1.08 | 1.50 | 2.14 | 2.58 |
| Book value / share | 23.32 | 25.05 | 26.11 | 24.54 | 26.02 | 24.95 | 27.31 | 31.33 | 34.28 |
| Tangible BV / share | 14.95 | 16.90 | 18.47 | 17.91 | 20.53 | 24.95 | 27.31 | 31.33 | 34.28 |
| Sales / share | 19.32 | 15.29 | 12.87 | 12.41 | 10.88 | 12.07 | 13.22 | 14.57 | 15.74 |
| Operating CF / share | 7.20 | 3.74 | 2.72 | 1.94 | 2.00 | 2.17 | 2.45 | 2.64 | 2.84 |
| Free cash flow / share | 2.23 | -2.33 | -3.39 | -3.66 | -1.02 | -2.62 | -2.86 | -3.07 | -3.40 |
| Dividends / share | 1.38 | 1.45 | 0.73 | 0.37 | 0.00 | 0.36 | 0.38 | 0.41 | 0.46 |
| Payout ratio | +28.41% | +74.83% | +182.83% | -8.53% | 0.00% | -26.38% | -26.59% | -26.04% | -26.75% |
| Retention ratio | +71.59% | +25.17% | -82.83% | +108.53% | +100.00% | +126.38% | +126.59% | +126.04% | +126.75% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | -20.21% | -14.00% | -2.08% | -0.47% | +10.60% | +10.71% | +10.28% | +7.95% | -0.32% |
| Gross profit · YoY | — | -38.68% | -19.19% | -20.11% | +5.94% | +14.46% | +6.95% | +16.19% | +6.61% | -5.50% |
| Profit | ||||||||||
| Operating income · YoY | — | -88.00% | -96.02% | -12656.99% | +99.80% | -18734.02% | -8.28% | -11.26% | -6.03% | — |
| EBITDA · YoY | — | -37.12% | -47.22% | -89.30% | +1093.18% | -30.82% | +8.98% | +11.31% | +10.05% | -11.07% |
| Net income · YoY | — | -59.66% | -78.92% | -1210.48% | +98.58% | -2342.92% | -7.99% | -9.87% | -9.75% | — |
| Operating | ||||||||||
| EBIT · YoY | — | -62.58% | -80.15% | -720.49% | +126.02% | -180.06% | -13.87% | -7.31% | -12.60% | — |
| R&D · YoY | — | +15.39% | -8.46% | +3.12% | -16.75% | +19.33% | +10.89% | +10.23% | +9.03% | +4.68% |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -60.08% | -79.38% | -1195.00% | +98.66% | +1930.36% | +39.59% | +42.10% | +21.27% | -7.55% |
| EPS · basic · YoY | — | -60.12% | -79.49% | -1195.00% | +98.66% | +1928.53% | +39.68% | +41.92% | +20.68% | -7.70% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $38.1B | $42.05B | $49.28B | $50.01B | $46.59B | $53.24B | $60.13B | $66.68B | $70.36B |
| Net debt | $33.27B | $30.91B | $42.2B | $41.76B | $32.32B | $42.64B | $48.13B | $53.43B | $55.84B |
| Net debt / EBITDA | 0.98 | 1.45 | 3.75 | 34.71 | 2.25 | 4.29 | 4.45 | 4.44 | 4.21 |
| Debt / equity | 0.40 | 0.41 | 0.45 | 0.48 | 0.37 | 0.44 | 0.45 | 0.43 | 0.42 |
| Debt / assets | +22.62% | +23.09% | +25.72% | +25.45% | +22.03% | +24.39% | +24.15% | +25.59% | +24.23% |
| Equity / assets | +56.64% | +56.72% | +57.40% | +53.46% | +59.76% | +55.37% | +53.69% | +58.90% | +57.77% |
| Coverage | |||||||||
| EBITDA / interest expense | 56.74 | 42.94 | 12.80 | 1.46 | 13.16 | 9.58 | 9.76 | 9.44 | 10.00 |
| Operating income / interest | 32.59 | 4.71 | 0.11 | -14.17 | -0.02 | -4.18 | -4.23 | -4.09 | -4.17 |
| Interest expense | $597M | $496M | $878M | $824M | $1.09B | $1.04B | $1.11B | $1.28B | $1.33B |
| Liquidity | |||||||||
| Current ratio | 2.13 | 1.57 | 1.54 | 1.33 | 2.02 | — | — | — | — |
| Quick ratio | 1.41 | 1.01 | 1.01 | 0.72 | 1.31 | — | — | — | — |
| Cash ratio | 0.18 | 0.35 | 0.25 | 0.23 | 0.45 | — | — | — | — |
| Working capital | $31.1B | $18.25B | $15.22B | $11.66B | $32.11B | — | — | — | — |
| Working capital / revenue | +39.35% | +28.95% | +28.06% | +21.95% | +60.76% | — | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).