Financials Intel Corporation

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INTC

US4581401001

Semiconductors

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Projected Income Statement: Intel Corporation

income-statement-evolution-chart INTEL-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	71,965	77,867	74,718	63,054	54,228	52,655	55,901	60,021
Change	-	8.2%	-4.04%	-15.61%	-14%	-2.9%	6.16%	7.37%
EBITDA ¹	33,254	36,115	32,505	19,045	12,514	9,299	16,051	21,033
Change	-	8.6%	-10%	-41.41%	-34.29%	-25.69%	72.6%	31.04%
EBIT ¹	23,752	25,292	22,205	7,917	4,667	-1,077	4,942	8,678
Change	-	6.48%	-12.21%	-64.35%	-41.05%	-	-	75.59%
Interest Paid	484	-504	-482	1,166	629	-	-175	-154.5
Earnings before Tax (EBT) ¹	24,058	25,078	21,703	7,768	762	-12,721	322.8	4,971
Change	-	4.24%	-13.46%	-64.21%	-90.19%	-	-	1,439.72%
Net income ¹	21,048	20,899	19,868	8,014	1,689	-18,012	516.8	3,598
Change	-	-0.71%	-4.93%	-59.66%	-78.92%	-	-	596.11%
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	20,209	19,828	19,728	18,333	19,978	18,566	18,533	18,087	19,532	18,353	15,321	15,338	14,042	11,715	12,949	14,158	15,406	12,724	12,833	13,284	13,829	12,886	13,441	14,365	14,920	14,106	14,664	15,292
Change	-	-1.89%	-0.5%	-7.07%	8.97%	-7.07%	-0.18%	-2.41%	7.99%	-6.04%	-16.52%	0.11%	-8.45%	-16.57%	10.53%	9.34%	8.81%	-17.41%	0.86%	3.51%	4.1%	-6.81%	4.31%	6.88%	3.86%	-5.46%	3.96%	4.28%
EBITDA ¹	9,870	10,250	8,769	8,157	8,939	8,634	8,347	7,786	7,738	7,185	4,565	4,436	3,421	1,607	2,288	3,944	4,674	2,923	2,593	1,243	3,158	3,222	3,728	4,363	4,898	4,557	4,949	5,523
Change	-	3.85%	-14.45%	-6.98%	9.59%	-3.41%	-3.32%	-6.72%	-0.62%	-7.15%	-36.46%	-2.83%	-22.88%	-53.03%	42.38%	72.38%	18.51%	-37.46%	-11.29%	-52.06%	154.09%	2.02%	15.72%	17.01%	12.28%	-6.97%	8.6%	11.6%
EBIT ¹	7,220	7,539	6,058	5,396	6,299	6,096	5,856	5,202	5,051	4,241	1,417	1,655	602	-294	456	1,924	2,580	723	24	-2,369	545.1	513.1	1,001	1,512	1,871	1,598	1,980	2,351
Change	-	4.42%	-19.64%	-10.93%	16.73%	-3.22%	-3.94%	-11.17%	-2.9%	-16.04%	-66.59%	16.8%	-63.63%	-	-	321.93%	34.1%	-71.98%	-96.68%	-	-	-5.88%	95.13%	50.98%	23.76%	-14.6%	23.95%	18.74%
Charge d'intérêts ¹	654	-313	-29	-74	-88	-156	-96	-76	-154	997	-119	138	150	141	224	147	117	145	80	-	-520	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	8,068	6,614	5,935	5,041	7,488	3,906	5,745	6,858	5,194	9,661	-909	-188	-796	-1,158	-816	-52	2,788	-719	-2,004	-9,086	-855.1	-748.3	-368.4	98.98	498.5	423.5	1,059	1,098
Change	-	-18.02%	-10.27%	-15.06%	48.54%	-47.84%	47.08%	19.37%	-24.26%	86%	-	-79.32%	323.4%	45.48%	-29.53%	-93.63%	-	-	178.72%	353.39%	90.59%	12.49%	50.77%	-	403.6%	-15.04%	150.06%	3.68%
Net income ¹	6,905	5,661	5,105	4,276	5,857	3,361	5,061	6,823	4,623	8,113	-454	1,019	-664	-2,758	1,481	297	2,669	-381	-1,610	-16,639	-875.6	-596.2	-164.8	323.3	678.6	514.9	810.1	1,106
Change	-	-18.02%	-9.82%	-16.24%	36.97%	-42.62%	50.58%	34.82%	-32.24%	75.49%	-	-	-	315.36%	-	-79.95%	798.65%	-	322.57%	933.48%	94.74%	31.9%	72.36%	-	109.89%	-24.12%	57.32%	36.59%
Announcement Date	1/23/20	4/23/20	7/23/20	10/22/20	1/21/21	4/22/21	7/22/21	10/21/21	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	8/1/24	10/31/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Intel Corporation

balance-sheet-analysis-chart INTEL-CORPORATION

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	15,878	12,506	9,688	13,713	24,232	36,042	33,994	30,890
Change	-	-21.24%	-22.53%	41.55%	76.71%	48.74%	-5.68%	-9.13%
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Intel Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	16,213	14,259	18,733	24,844	25,750	24,672	20,826	21,029
Change	-	-12.05%	31.38%	32.62%	3.65%	-4.19%	-15.59%	0.97%
Free Cash Flow (FCF) ¹	16,932	21,125	11,258	-9,411	-14,279	-18,091	-6,859	-3,552
Change	-	24.76%	-46.71%	-183.59%	51.73%	26.69%	-62.08%	-48.21%
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Intel Corporation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	46.21%	46.38%	43.5%	30.2%	23.08%	17.66%	28.71%	35.04%
EBIT Margin (%)	33%	32.48%	29.72%	12.56%	8.61%	-2.05%	8.84%	14.46%
EBT Margin (%)	33.43%	32.21%	29.05%	12.32%	1.41%	-24.16%	0.58%	8.28%
Net margin (%)	29.25%	26.84%	26.59%	12.71%	3.11%	-34.21%	0.92%	5.99%
FCF margin (%)	23.53%	27.13%	15.07%	-14.93%	-26.33%	-34.36%	-12.27%	-5.92%
FCF / Net Income (%)	80.44%	101.08%	56.66%	-117.43%	-845.41%	100.43%	-1,327.2%	-98.74%
Profitability
ROA	15.92%	14.43%	13.91%	4.33%	2.37%	-0.24%	1.87%	2.94%
ROE	27.68%	26.36%	25.34%	7.72%	4.27%	-0.61%	3.88%	6%
Financial Health
Leverage (Debt/EBITDA)	0.48x	0.35x	0.3x	0.72x	1.94x	3.88x	2.12x	1.47x
Debt / Free cash flow	0.94x	0.59x	0.86x	-1.46x	-1.7x	-1.99x	-4.96x	-8.7x
Capital Intensity
CAPEX / Current Assets (%)	22.53%	18.31%	25.07%	39.4%	47.48%	46.85%	37.26%	35.04%
CAPEX / EBITDA (%)	48.76%	39.48%	57.63%	130.45%	205.77%	265.31%	129.75%	99.98%
CAPEX / FCF (%)	95.75%	67.5%	166.4%	-263.99%	-180.33%	-136.38%	-303.62%	-591.97%
Items per share
Cash flow per share ¹	7.41	8.361	7.333	3.743	2.723	1.193	3.934	4.504
Change	-	12.84%	-12.3%	-48.95%	-27.24%	-56.2%	229.76%	14.5%
Dividend per Share ¹	1.32	1.32	1.46	1.46	0.74	0.3759	0.0754	0.0964
Change	-	0%	10.61%	0%	-49.32%	-49.2%	-79.95%	27.83%
Book Value Per Share ¹	18.07	19.67	23.32	24.52	25.07	23.67	25.67	27.39
Change	-	8.9%	18.55%	5.12%	2.25%	-5.57%	8.46%	6.67%
EPS ¹	4.71	4.94	4.86	1.94	0.4	-4.38	0.0179	0.7932
Change	-	4.88%	-1.62%	-60.08%	-79.38%	-1,194.99%	-100.41%	4,326.34%
Nbr of stocks (in thousands)	4,350,000	4,098,000	4,067,000	4,127,000	4,216,000	4,313,000	4,313,000	4,313,000
Announcement Date	1/23/20	1/21/21	1/26/22	1/26/23	1/25/24	-	-	-