Financials NXP Semiconductors N.V.

Equities

NXPI

NL0009538784

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2023-11-29 pm EST			5-day change	1st Jan Change
204.33 ^USD	+2.15%		+2.38%	+29.30%

Nov. 29	Wall Street: directionless close despite sharp drop in rates	CF
Nov. 29	Transcript : NXP Semiconductors N.V. Presents at Wells Fargo 7th Annual TMT Summit 2023, Nov-29-2023 08:45 AM	CI

Valuation

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	21 654	35 573	44 483	60 574	40 951	52 669	-	-
Enterprise Value (EV) ¹	26 219	41 893	49 817	68 316	48 271	59 078	57 895	56 513
P/E ratio	10,9x	150x	883x	33,5x	15,0x	18,5x	17,6x	15,1x
Yield	0,68%	0,98%	0,94%	0,99%	2,14%	1,91%	2,11%	2,36%
Capitalization / Revenue	2,30x	4,01x	5,17x	5,48x	3,10x	3,97x	3,85x	3,63x
EV / Revenue	2,79x	4,72x	5,78x	6,18x	3,66x	4,46x	4,23x	3,89x
EV / EBITDA	8,32x	13,5x	17,8x	16,1x	8,83x	11,1x	10,7x	9,77x
EV / FCF	6,98x	22,4x	23,8x	29,6x	17,0x	20,1x	16,2x	15,2x
FCF Yield	14,3%	4,46%	4,20%	3,38%	5,87%	4,98%	6,16%	6,58%
Price to Book	2,05x	3,85x	5,15x	9,24x	5,60x	6,01x	5,15x	4,42x
Nbr of stocks (in thousands)	295 502	279 527	279 750	265 933	259 135	257 763	-	-
Reference price ²	73,3	127	159	228	158	204	204	204
Announcement Date	07/02/19	03/02/20	01/02/21	31/01/22	30/01/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	9 407	8 877	8 612	11 063	13 205	13 258	13 671	14 521
EBITDA ¹	3 151	3 100	2 792	4 232	5 469	5 335	5 391	5 782
EBIT ¹	2 699	2 573	2 228	3 641	4 791	4 650	4 843	5 267
Operating Margin	28,7%	29,0%	25,9%	32,9%	36,3%	35,1%	35,4%	36,3%
Earnings before Tax (EBT) ¹	2 375	291	1,00	2 180	3 363	3 454	3 838	4 362
Net income ¹	2 208	243	52,0	1 871	2 787	2 879	3 001	3 418
Net margin	23,5%	2,74%	0,60%	16,9%	21,1%	21,7%	22,0%	23,5%
EPS ²	6,72	0,85	0,18	6,79	10,6	11,0	11,6	13,5
Free Cash Flow ¹	3 758	1 870	2 090	2 310	2 832	2 941	3 565	3 719
FCF margin	39,9%	21,1%	24,3%	20,9%	21,4%	22,2%	26,1%	25,6%
FCF Conversion (EBITDA)	119%	60,3%	74,9%	54,6%	51,8%	55,1%	66,1%	64,3%
FCF Conversion (Net income)	170%	770%	4 019%	123%	102%	102%	119%	109%
Dividend per Share ²	0,50	1,25	1,50	2,25	3,38	3,90	4,31	4,83
Announcement Date	02/07/19	02/03/20	02/01/21	01/31/22	01/30/23	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period : December	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
Net sales ¹	2 596	2 861	3 039	3 136	3 312	3 445	3 312	3 121	3 299	3 434	3 400	3 194	3 333	3 572	3 677
EBITDA ¹	976	1 106	1 215	1 279	1 361	1 444	1 385	1 267	1 341	1 391	1 428	1 358	1 451	1 543	1 632
EBIT ¹	830	959	1 060	1 119	1 193	1 271	1 208	1 085	1 155	1 203	1 207	1 080	1 155	1 281	1 336
Operating Margin	32,0%	33,5%	34,9%	35,7%	36,0%	36,9%	36,5%	34,8%	35,0%	35,0%	35,5%	33,8%	34,6%	35,9%	36,3%
Earnings before Tax (EBT) ¹	473	618	684	768	815	903	877	743	863	917	928	824	923	985	1 027
Net income ¹	397	519	602	657	670	738	722	615	698	787	764	638	706	793	827
Net margin	15,3%	18,1%	19,8%	21,0%	20,2%	21,4%	21,8%	19,7%	21,2%	22,9%	22,5%	20,0%	21,2%	22,2%	22,5%
EPS ²	1,42	1,91	2,24	2,48	2,53	2,79	2,76	2,35	2,67	3,01	2,93	2,43	2,71	3,10	3,23
Dividend per Share ²	0,56	0,56	0,56	0,85	0,85	0,85	0,85	1,01	-	1,01	1,01	1,05	1,08	1,08	1,08
Announcement Date	02/08/21	01/11/21	31/01/22	03/05/22	25/07/22	31/10/22	30/01/23	01/05/23	24/07/23	06/11/23	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period : December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	4 565	6 320	5 334	7 742	7 320	6 409	5 226	3 844
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1,45x	2,04x	1,91x	1,83x	1,34x	1,20x	0,97x	0,66x
Free Cash Flow ¹	3 758	1 870	2 090	2 310	2 832	2 941	3 565	3 719
ROE (net income / shareholders' equity)	19,9%	21,6%	18,9%	38,4%	54,4%	42,1%	37,0%	37,1%
Shareholders' equity ¹	11 092	1 122	275	4 878	5 124	6 845	8 111	9 202
ROA (Net income/ Total Assets)	10,5%	10,4%	8,73%	14,6%	17,2%	13,6%	13,4%	14,8%
Assets ¹	21 036	2 338	596	12 836	16 168	21 243	22 335	23 166
Book Value Per Share ²	35,8	33,1	30,9	24,6	28,2	34,0	39,7	46,2
Cash Flow per Share ²	13,3	8,30	8,75	11,2	14,8	14,5	17,7	20,3
Capex ¹	611	526	392	767	1 063	881	951	1 105
Capex / Sales	6,50%	5,93%	4,55%	6,93%	8,05%	6,64%	6,96%	7,61%
Announcement Date	07/02/19	03/02/20	01/02/21	31/01/22	30/01/23	-	-	-

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 NXP Semiconductors N.V.

Trading Rating :

Investor Rating :

ESG Refinitiv :

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

204.33USD

Average target price

221.71USD

Spread / Average Target

+8.51%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Semiconductors

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NXP SEMICONDUCTORS N.V.	+29.30%	51 560 M $
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TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED	+27.98%	475 B $
BROADCOM INC.	+68.27%	391 B $
ADVANCED MICRO DEVICES, INC.	+91.22%	197 B $
INTEL CORPORATION	+70.03%	186 B $
QUALCOMM, INC.	+16.35%	141 B $
TEXAS INSTRUMENTS	-7.28%	139 B $
MICRON TECHNOLOGY, INC.	+53.44%	83 582 M $
SK HYNIX INC.	+73.87%	70 195 M $

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