Financials HP Inc.

Equities

HPQ

US40434L1052

Computer Hardware

Market Closed - Nyse Other stock markets 04:00:02 2025-01-13 pm EST			5-day change	1st Jan Change
32.62 ^USD	-1.75%		-3.69%	-0.03%

12:38pm	Bernstein Adjusts Price Target on HP $34 From $32, Keeps Market Perform Rating	MT
Jan. 07	HP Inc. Announces Omen AI Casts A Spell on Gaming, Optimizing Performance with A Single Click	CI

Projected Income Statement: HP Inc.

Fiscal Period: October	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	56,639	63,487	62,983	53,718	53,559	54,925	56,575	56,911
Change	-	12.09%	-0.79%	-14.71%	-0.3%	2.55%	3%	0.59%
EBITDA ¹	4,842	6,554	6,258	5,423	5,350	5,335	5,319	4,912
Change	-	35.36%	-4.52%	-13.34%	-1.35%	-0.27%	-0.31%	-7.66%
EBIT ¹	4,053	5,769	5,478	4,573	4,520	4,553	4,630	4,641
Change	-	42.34%	-5.04%	-16.52%	-1.16%	0.72%	1.7%	0.24%
Interest Paid ¹	-231	-254	-359	-519	-539	-568.8	-557.7	-643
Earnings before Tax (EBT) ¹	3,231	7,511	4,441	2,937	3,279	3,623	3,798	3,413
Change	-	132.47%	-40.87%	-33.87%	11.64%	10.49%	4.83%	-10.14%
Net income ¹	2,844	6,503	3,203	3,263	2,775	3,073	3,130	3,042
Change	-	128.66%	-50.75%	1.87%	-14.96%	10.72%	1.88%	-2.84%
Announcement Date	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: October	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	2026 Q4
Net sales ¹	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	13,364	13,047	13,884	14,585	13,727	13,363	14,218	14,906
Change	-	-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%	-4.92%	-2.37%	6.41%	5.05%	-5.88%	-2.66%	6.4%	4.84%
EBITDA ¹	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	-	-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	1,182	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	988.6	1,098	1,189	1,297	1,127	1,130	1,185	1,221
Change	-	-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%	-17.62%	11.07%	8.29%	9.08%	-13.12%	0.27%	4.86%	3.02%
Charge d'intérêts ¹	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	-140.5
Earnings before Tax (EBT) ¹	-	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	848
Change	-	-	-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%	6.13%
Net income ¹	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	814.3
Change	-	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%	8.61%
Announcement Date	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: October	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,353	3,193	7,869	6,252	6,416	6,557	6,379	6,401
Change	-	135.99%	146.45%	-20.55%	2.62%	2.2%	-2.71%	0.34%
Announcement Date	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: October	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	580	582	791	609	592	628.2	654.4	620.8
Change	-	0.34%	35.91%	-23.01%	-2.79%	6.12%	4.17%	-5.14%
Free Cash Flow (FCF) ¹	3,736	5,827	3,672	2,962	3,300	3,495	3,753	2,703
Change	-	55.97%	-36.98%	-19.34%	11.41%	5.91%	7.39%	-27.98%
Announcement Date	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: October	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	8.55%	10.32%	9.94%	10.1%	9.99%	9.71%	9.4%	8.63%
EBIT Margin (%)	7.16%	9.09%	8.7%	8.51%	8.44%	8.29%	8.18%	8.16%
EBT Margin (%)	5.7%	11.83%	7.05%	5.47%	6.12%	6.6%	6.71%	6%
Net margin (%)	5.02%	10.24%	5.09%	6.07%	5.18%	5.59%	5.53%	5.34%
FCF margin (%)	6.6%	9.18%	5.83%	5.51%	6.16%	6.36%	6.63%	4.75%
FCF / Net Income (%)	131.36%	89.6%	114.64%	90.78%	118.92%	113.75%	119.9%	88.87%
Profitability
ROA	9.49%	12.61%	11.11%	8.68%	8.68%	7.89%	7.66%	7.75%
ROE	-	-	-	-160.09%	-	-	-	-
Financial Health
Leverage (Debt/EBITDA)	0.28x	0.49x	1.26x	1.15x	1.2x	1.23x	1.2x	1.3x
Debt / Free cash flow	0.36x	0.55x	2.14x	2.11x	1.94x	1.88x	1.7x	2.37x
Capital Intensity
CAPEX / Current Assets (%)	1.02%	0.92%	1.26%	1.13%	1.11%	1.14%	1.16%	1.09%
CAPEX / EBITDA (%)	11.98%	8.88%	12.64%	11.23%	11.07%	11.77%	12.3%	12.64%
CAPEX / FCF (%)	15.52%	9.99%	21.54%	20.56%	17.94%	17.97%	17.44%	22.97%
Items per share
Cash flow per share ¹	3.039	5.253	4.25	3.571	3.791	4.06	3.988	3.692
Change	-	72.84%	-19.1%	-15.98%	6.15%	7.09%	-1.76%	-7.42%
Dividend per Share ¹	0.7	0.78	1	1.05	1.1	1.165	1.223	1.293
Change	-	11.43%	28.21%	5%	4.76%	5.9%	5.02%	5.71%
Book Value Per Share ¹	-1.569	-1.352	-2.978	-1.078	-1.351	-1.764	-1.758	-1.639
Change	-	-13.8%	120.16%	-63.81%	25.41%	30.51%	-0.34%	-6.75%
EPS ¹	2	5.33	3.05	3.26	2.81	3.225	3.38	3.59
Change	-	166.5%	-42.78%	6.89%	-13.8%	14.76%	4.8%	6.22%
Nbr of stocks (in thousands)	1,373,497	1,152,519	1,152,519	988,269	963,718	937,798	937,798	937,798
Announcement Date	11/24/20	11/23/21	11/22/22	11/21/23	11/26/24	-	-	-