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HP

WBAG:HPQ
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HPQ
WBAG
$31B
Market Cap
  1. Home
  2. AT
  3. Tech
Company description

HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The last earnings update was 16 days ago. More info.


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HPQ Share Price and Events
7 Day Returns
2.1%
WBAG:HPQ
-0.8%
Europe Tech
2%
AT Market
1 Year Returns
-
WBAG:HPQ
-8.5%
Europe Tech
-8.6%
AT Market
HPQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HP (HPQ) 2.1% -13.5% 0.3% - - -
Europe Tech -0.8% 0.8% 15.1% -8.5% 53.5% 23.9%
AT Market 2% 1% 10.1% -8.6% 39.2% 23.2%
1 Year Return vs Industry and Market
  • No trading data on HPQ.
  • No trading data on HPQ.
Price Volatility
HPQ
Industry
5yr Volatility vs Market

HPQ Value

 Is HP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HP.

WBAG:HPQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:HPQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 21%) (16.17%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.106 * 5.96%)
7.1%

Discounted Cash Flow Calculation for WBAG:HPQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HP is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:HPQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.1%)
2019 3,679.67 Analyst x3 3,435.68
2020 3,484.25 Analyst x4 3,037.51
2021 3,547.00 Analyst x1 2,887.17
2022 3,469.73 Est @ -2.18% 2,637.01
2023 3,422.13 Est @ -1.37% 2,428.38
2024 3,394.50 Est @ -0.81% 2,249.05
2025 3,380.51 Est @ -0.41% 2,091.27
2026 3,375.93 Est @ -0.14% 1,949.96
2027 3,377.89 Est @ 0.06% 1,821.72
2028 3,384.44 Est @ 0.19% 1,704.22
Present value of next 10 years cash flows $24,241.95
WBAG:HPQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,384.44 × (1 + 0.51%) ÷ (7.1% – 0.51%)
$51,606.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $51,606.28 ÷ (1 + 7.1%)10
$25,986.12
WBAG:HPQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $24,241.95 + $25,986.12
$50,228.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $50,228.07 / 1,533.50
$32.75
WBAG:HPQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:HPQ represents 0.87537x of NYSE:HPQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87537x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 32.75 x 0.87537
€28.67
Value per share (EUR) From above. €28.67
Current discount Discount to share price of €17.70
= -1 x (€17.70 - €28.67) / €28.67
38.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price HP is available for.
Intrinsic value
38%
Share price is €17.7 vs Future cash flow value of €28.67
Current Discount Checks
For HP to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HP's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HP's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:HPQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in USD $2.63
NYSE:HPQ Share Price ** NYSE (2019-03-21) in USD $20.22
Europe Tech Industry PE Ratio Median Figure of 23 Publicly-Listed Tech Companies 14.55x
Austria Market PE Ratio Median Figure of 50 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HP.

WBAG:HPQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HPQ Share Price ÷ EPS (both in USD)

= 20.22 ÷ 2.63

7.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HP is good value based on earnings compared to the Europe Tech industry average.
  • HP is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does HP's expected growth come at a high price?
Raw Data
WBAG:HPQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
-4%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 1.1x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.06x

*Line of best fit is calculated by linear regression .

WBAG:HPQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.68x ÷ -4%

-1.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HP earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HP's assets?
Raw Data
WBAG:HPQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in USD $-1.19
NYSE:HPQ Share Price * NYSE (2019-03-21) in USD $20.22
Europe Tech Industry PB Ratio Median Figure of 31 Publicly-Listed Tech Companies 1.32x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.2x
WBAG:HPQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HPQ Share Price ÷ Book Value per Share (both in USD)

= 20.22 ÷ -1.19

-16.94x

* Primary Listing of HP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HP has negative assets, we can't compare the value of its assets to the Europe Tech industry average.
X
Value checks
We assess HP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. HP has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HPQ Future Performance

 How is HP expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HP expected to grow at an attractive rate?
  • HP's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • HP's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • HP's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:HPQ Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:HPQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts -4%
WBAG:HPQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 0.8%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.5%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.6%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:HPQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:HPQ Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 59,412 1
2021-10-31 60,095 4,144 3,349 5
2020-10-31 59,431 4,055 3,108 12
2019-10-31 58,853 3,933 3,187 13
WBAG:HPQ Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-01-31 58,665 4,394 4,192
2018-10-31 58,472 4,528 5,327
2018-07-31 57,033 4,240 4,536
2018-04-30 55,507 4,501 4,352
2018-01-31 53,889 3,906 3,853
2017-10-31 52,056 3,677 2,526
2017-07-31 50,641 3,701 2,379
2017-04-30 49,473 2,997 2,526
2017-01-31 48,676 4,121 2,627
2016-10-31 48,238 3,252 2,666
2016-07-31 47,992 5,157 3,668
2016-04-30 48,462 5,759 3,525

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HP's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • HP's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:HPQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from HP Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HPQ Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31
2021-10-31 2.25 2.30 2.21 2.00
2020-10-31 2.09 2.18 1.89 5.00
2019-10-31 2.06 2.11 2.02 5.00
WBAG:HPQ Past Financials Data
Date (Data in USD Millions) EPS *
2019-01-31 2.63
2018-10-31 3.30
2018-07-31 2.77
2018-04-30 2.62
2018-01-31 2.30
2017-10-31 1.50
2017-07-31 1.40
2017-04-30 1.48
2017-01-31 1.53
2016-10-31 1.54
2016-07-31 2.09
2016-04-30 1.98

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if HP will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HP has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HPQ Past Performance

  How has HP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HP's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HP's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • HP's 1-year earnings growth exceeds its 5-year average (8.8% vs -3.8%)
  • HP's earnings growth has not exceeded the Europe Tech industry average in the past year (8.8% vs 23.1%).
Earnings and Revenue History
HP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HP Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HPQ Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 58,665.00 4,192.00 4,878.00 1,401.00
2018-10-31 58,472.00 5,327.00 4,859.00 1,404.00
2018-07-31 57,033.00 4,536.00 4,888.00 1,341.00
2018-04-30 55,507.00 4,352.00 4,758.00 1,283.00
2018-01-31 53,889.00 3,853.00 4,588.00 1,241.00
2017-10-31 52,056.00 2,526.00 4,376.00 1,190.00
2017-07-31 50,641.00 2,379.00 4,279.00 1,217.00
2017-04-30 49,473.00 2,526.00 3,901.00 1,226.00
2017-01-31 48,676.00 2,627.00 3,813.00 1,213.00
2016-10-31 48,238.00 2,666.00 3,833.00 1,209.00
2016-07-31 47,992.00 3,668.00 3,970.00 1,173.00
2016-04-30 48,462.00 3,525.00 4,309.00 1,175.00
2016-01-31 49,851.00 3,598.00 4,535.00 1,179.00
2015-10-31 51,463.00 3,718.00 4,719.00 1,191.00
2015-07-31 67,603.00 3,533.00 6,872.00 1,785.00
2015-04-30 82,826.00 3,818.00 9,202.00 2,372.00
2015-01-31 97,158.00 4,358.00 11,365.00 2,940.00
2014-10-31 56,651.00 2,924.00 5,361.00 1,298.00
2014-07-31 112,179.00 5,097.00 13,340.00 3,300.00
2014-04-30 111,820.00 5,502.00 13,226.00 3,210.00
2014-01-31 112,093.00 5,306.00 13,177.00 3,152.00
2013-10-31 112,298.00 5,113.00 13,267.00 3,135.00
2013-07-31 113,126.00 -3,155.00 13,143.00 3,315.00
2013-04-30 115,569.00 -13,402.00 13,235.00 3,372.00
2013-01-31 118,680.00 -12,886.00 13,433.00 3,407.00
2012-10-31 120,357.00 -12,650.00 13,500.00 3,399.00
2012-07-31 122,520.00 -5,557.00 13,878.00 3,319.00
2012-04-30 124,040.00 5,226.00 13,942.00 3,277.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if HP has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • HP used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • HP has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HP has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HPQ Health

 How is HP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HP's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • HP's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • HP has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HP Company Filings, last reported 1 month ago.

WBAG:HPQ Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 -1,837.00 5,015.00 3,792.00
2018-10-31 -639.00 6,010.00 5,877.00
2018-07-31 -1,767.00 7,207.00 7,081.00
2018-04-30 -1,863.00 6,134.00 5,330.00
2018-01-31 -2,742.00 7,921.00 6,741.00
2017-10-31 -3,408.00 7,831.00 8,146.00
2017-07-31 -4,339.00 7,806.00 7,987.00
2017-04-30 -3,955.00 6,820.00 6,223.00
2017-01-31 -4,327.00 6,796.00 6,331.00
2016-10-31 -3,889.00 6,813.00 6,288.00
2016-07-31 -3,926.00 6,835.00 5,636.00
2016-04-30 -4,786.00 6,772.00 4,636.00
2016-01-31 -4,909.00 6,732.00 3,688.00
2015-10-31 28,151.00 8,871.00 7,585.00
2015-07-31 27,443.00 25,505.00 17,184.00
2015-04-30 27,169.00 21,058.00 14,770.00
2015-01-31 26,904.00 19,061.00 12,923.00
2014-10-31 27,127.00 19,580.00 15,136.00
2014-07-31 28,902.00 19,938.00 14,474.00
2014-04-30 28,582.00 22,697.00 15,099.00
2014-01-31 28,149.00 24,708.00 16,179.00
2013-10-31 27,656.00 22,694.00 12,194.00
2013-07-31 24,978.00 24,892.00 13,298.00
2013-04-30 23,932.00 26,801.00 13,287.00
2013-01-31 23,290.00 28,246.00 12,629.00
2012-10-31 22,833.00 28,465.00 11,369.00
2012-07-31 32,010.00 29,781.00 9,532.00
2012-04-30 41,697.00 30,121.00 8,345.00
  • HP has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if HP's debt level has increased considering it has negative shareholder equity.
  • Debt is well covered by operating cash flow (87.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 25x coverage).
X
Financial health checks
We assess HP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HP has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HPQ Dividends

 What is HP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.17%
Current annual income from HP dividends. Estimated to be 3.33% next year.
If you bought €2,000 of HP shares you are expected to receive €63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • HP's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.46%).
  • HP's dividend is below the markets top 25% of dividend payers in Austria (5.11%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:HPQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.5%
Austria Minimum Threshold Dividend Yield 10th Percentile 0.9%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:HPQ Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-10-31
2021-10-31 0.73 5.00
2020-10-31 0.69 10.00
2019-10-31 0.63 10.00
WBAG:HPQ Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-16 0.641 2.990
2018-10-03 0.641 2.815
2018-06-19 0.557 2.315
2018-05-14 0.557 2.450
2018-01-29 0.557 2.518
2017-11-14 0.557 2.554
2017-07-25 0.531 2.652
2017-05-18 0.531 2.916
2017-01-24 0.531 3.073
2016-11-09 0.531 3.477
2016-07-20 0.496 3.410
2016-05-31 0.496 3.776
2016-05-25 0.496 3.836
2015-11-12 0.496 4.335
2015-07-30 0.704 2.835
2015-03-19 0.704 2.190
2015-01-29 0.640 1.798
2014-11-20 0.640 1.642
2014-07-17 0.640 1.791
2014-05-15 0.640 1.896
2014-01-21 0.581 1.882
2013-11-26 0.581 2.090
2013-07-18 0.581 2.436
2013-03-21 0.581 2.540
2013-01-17 0.528 2.859
2012-11-15 0.528 3.736
2012-07-20 0.528 3.223
2012-03-26 0.528 2.399
2012-01-20 0.480 1.807
2011-11-18 0.480 1.800
2011-07-21 0.480 1.805
2011-03-14 0.480 1.259
2011-01-20 0.320 0.703
2010-11-19 0.320 0.741
2010-07-29 0.320 0.771
2010-05-20 0.320 0.694
2010-01-29 0.320 0.627
2009-11-19 0.320 0.629
2009-07-24 0.320 0.694
2009-03-23 0.320 0.891

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of HP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess HP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HP has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HPQ Management

 What is the CEO of HP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dion Weisler
COMPENSATION $19,215,534
AGE 51
TENURE AS CEO 3.3 years
CEO Bio

Mr. Dion J. Weisler has been the Chief Executive Officer and President of HP Inc. (also known as, Hewlett-Packard Company) since November 1, 2015. Mr. Weisler served as an Executive Vice President of Printing & Personal Systems (Pps) at HP Inc. since June 2013 until November 1, 2015 and as Senior Vice President and Managing Director, Printing and Personal Systems, Asia Pacific and Japan from January 2012 to June 2013. Mr. Weisler joined HP in January 2012. He has more than 23 years of experience in the IT industry. Prior to joining HP, he was Vice President and Chief Operating Officer of the Product and Mobile Internet Digital Home Groups at Lenovo Group Ltd., a technology company, from January 2008 to December 2011. Before that, he ran Lenovo's businesses in Korea, Association of Southeast Asian Nations (ASEAN), and Australia and New Zealand (ANZ). Mr. Weisler also enjoyed a successful 11-year career at Acer, where he served as Managing Director of Acer UK and also helped build Acer's business in Central and Eastern Europe. He has been an Independent Director of Thermo Fisher Scientific Inc. since March 1, 2017. He has been a Director of HP, Inc., since November 1, 2015. He holds a Bachelor's degree in Applied Science - Computing from Monash University in Australia.

CEO Compensation
  • Dion's compensation has increased by more than 20% in the past year.
  • Insufficient data for Dion to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the HP management team in years:

3.3
Average Tenure
53
Average Age
  • The tenure for the HP management team is about average.
Management Team

Dion Weisler

TITLE
President
COMPENSATION
$19M
AGE
51
TENURE
3.3 yrs

Steve Fieler

TITLE
Chief Financial Officer
COMPENSATION
$5M
AGE
56
TENURE
0.7 yrs

Kim Rivera

TITLE
President of Strategy & Business Management and Chief Legal Officer
COMPENSATION
$5M
AGE
49
TENURE
3.3 yrs

Tracy Keogh

TITLE
Chief Human Resources Officer
COMPENSATION
$5M
AGE
57
TENURE
3.3 yrs

Enrique Lores

TITLE
President of Imaging
COMPENSATION
$7M
AGE
52
TENURE
3.3 yrs

Shane Wall

TITLE
Chief Technology Officer
AGE
54

Beth Howe

TITLE
Head of Investor Relations

Karen Kahn

TITLE
Chief Communications Officer & Head of Communications
TENURE
0.6 yrs

Vikrant Batra

TITLE
Chief Marketing Officer
TENURE
0.6 yrs

Bernard Meric

TITLE
Vice President of Europe and Managing Director of Europe
Board of Directors Tenure

Average tenure and age of the HP board of directors in years:

4.2
Average Tenure
60
Average Age
  • The tenure for the HP board of directors is about average.
Board of Directors

Chip Bergh

TITLE
Chairman of the Board
COMPENSATION
$543K
AGE
60
TENURE
1.7 yrs

Dion Weisler

TITLE
President
COMPENSATION
$19M
AGE
51
TENURE
3.3 yrs

Shumeet Banerji

TITLE
Independent Director
COMPENSATION
$323K
AGE
59
TENURE
8.2 yrs

Robert Bennett

TITLE
Independent Director
COMPENSATION
$327K
AGE
60
TENURE
5.7 yrs

Stephanie Burns

TITLE
Independent Director
COMPENSATION
$328K
AGE
63
TENURE
3.3 yrs

Mary Citrino

TITLE
Independent Director
COMPENSATION
$341K
AGE
59
TENURE
4.2 yrs

Stacy Brown-Philpot

TITLE
Independent Director
COMPENSATION
$312K
AGE
42
TENURE
4.2 yrs

Stacey Mobley

TITLE
Independent Director
COMPENSATION
$308K
AGE
73
TENURE
4.2 yrs

Subra Suresh

TITLE
Independent Director
COMPENSATION
$310K
AGE
61
TENURE
4.2 yrs

Aida Alvarez

TITLE
Independent Director
COMPENSATION
$308K
AGE
68
TENURE
3.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Dec 18 Sell Alex Cho Individual 14. Dec 18 14. Dec 18 -28,774 €19.74 €-568,050
05. Dec 18 Sell Alex Cho Individual 03. Dec 18 03. Dec 18 -3,879 €20.85 €-80,896
X
Management checks
We assess HP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HPQ News

Simply Wall St News

HPQ Company Info

Description

HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services. The Printing segment provides consumer and commercial printer hardware, supplies, solutions, and services, as well as scanning devices. The Corporate Investments segment includes HP Labs and business incubation projects. It serves individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

Details
Name: HP Inc.
HPQ
Exchange: WBAG
Founded: 1939
$27,329,928,336
1,533,501,819
Website: http://www.hp.com
Address: HP Inc.
1501 Page Mill Road,
Palo Alto,
California, 94304,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HPQ Common Stock New York Stock Exchange US USD 02. Jan 1968
DB 7HP Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0J2E Common Stock London Stock Exchange GB USD 02. Jan 1968
SWX HPQ Common Stock SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG HPQ Common Stock Wiener Boerse AG AT EUR 02. Jan 1968
SNSE HPQ Common Stock Santiago Stock Exchange CL USD 02. Jan 1968
BMV HPQ * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA HPQB34 BDR EACH REPR 1 COM USD0.01 Bolsa de Valores de Sao Paulo BR BRL 24. Aug 2012
NYSE HPQ.WI COM USD0.01 New York Stock Exchange US USD 30. Oct 2015
SWX HPQ COM USD0.01 SIX Swiss Exchange CH CHF 30. Oct 2015
Number of employees
Current staff
Staff numbers
55,000
HP employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 23:29
End of day share price update: 2019/03/21 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/05
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.