Intel
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Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. The last earnings update was 79 days ago. More info.
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INTC Share Price and Events
7 Day Returns
1 Year Returns
INTC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Intel (INTC) | 3.8% | 8.1% | -11.3% | -4.4% | 42.3% | 48.1% |
| US Semiconductor | 2.9% | 8.8% | -1.4% | 3.4% | 77.7% | 91.5% |
| US Market | 0.6% | 4.2% | 2.7% | 4.7% | 38% | 43.5% |
1 Year Return vs Industry and Market
- INTC underperformed the Semiconductor industry which returned 3.4% over the past year.
- INTC underperformed the Market in United States of America which returned 4.7% over the past year.
Value
Is Intel 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
Intel
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Intel.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 36 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Semiconductor Unlevered Beta | Simply Wall St/ S&P Global | 1.27 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 21%) (13.02%)) |
1.269 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.27 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.269 * 5.96%) |
10.29% |
Discounted Cash Flow Calculation for NasdaqGS:INTC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Intel 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.29%) |
|
|---|---|---|---|
| 2020 | 16,092.01 | Analyst x12 | 14,590.52 |
| 2021 | 16,530.74 | Analyst x5 | 13,589.80 |
| 2022 | 19,801.00 | Analyst x2 | 14,759.39 |
| 2023 | 21,580.00 | Analyst x2 | 14,584.56 |
| 2024 | 23,056.44 | Est @ 6.84% | 14,128.45 |
| 2025 | 24,349.49 | Est @ 5.61% | 13,528.59 |
| 2026 | 25,504.81 | Est @ 4.74% | 12,848.29 |
| 2027 | 26,560.78 | Est @ 4.14% | 12,131.78 |
| 2028 | 27,548.11 | Est @ 3.72% | 11,408.69 |
| 2029 | 28,490.54 | Est @ 3.42% | 10,698.07 |
| Present value of next 10 years cash flows | $132,268.14 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $28,490.54 × (1 + 2.73%) ÷ (10.29% – 2.73%) |
$387,102.98 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $387,102.98 ÷ (1 + 10.29%)10 |
$145,355.37 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $132,268.14 + $145,355.37 |
$277,623.51 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $277,623.51 / 4,477.00 |
$62.01 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $62.01 |
| Current discount | Discount to share price of
$49.92
= -1 x ($49.92 - $62.01) / $62.01 |
19.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Intel's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Intel'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 Intel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Intel's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-30) in USD | $4.51 |
| NasdaqGS:INTC Share Price ** | NasdaqGS (2019-07-12) in USD | $49.92 |
| United States of America Semiconductor Industry PE Ratio | Median Figure of 68 Publicly-Listed Semiconductor Companies | 22.59x |
| United States of America Market PE Ratio | Median Figure of 3,084 Publicly-Listed Companies | 18.01x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Intel.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:INTC Share Price ÷ EPS (both in USD) = 49.92 ÷ 4.51 |
11.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Intel is good value based on earnings compared to the US Semiconductor industry average.
- Intel is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Intel's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.08x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 36 Analysts |
5.5%per year |
| United States of America Semiconductor Industry PEG Ratio | Median Figure of 63 Publicly-Listed Semiconductor Companies | 1.07x |
| United States of America Market PEG Ratio | Median Figure of 2,125 Publicly-Listed Companies | 1.59x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.08x ÷ 5.5% |
2.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Intel is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Intel's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-30) in USD | $16.45 |
| NasdaqGS:INTC Share Price * | NasdaqGS (2019-07-12) in USD | $49.92 |
| United States of America Semiconductor Industry PB Ratio | Median Figure of 107 Publicly-Listed Semiconductor Companies | 2.66x |
| United States of America Market PB Ratio | Median Figure of 5,239 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:INTC Share Price ÷ Book Value per Share (both in USD) = 49.92 ÷ 16.45 |
3.03x |
* Primary Listing of Intel.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Intel is overvalued based on assets compared to the US Semiconductor industry average.
Value checks
We assess Intel's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check) Intel has a total score of 2/6, 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.
Future Performance
How is Intel expected to perform in the next 1 to 3 years based on estimates from 36 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!
Earnings growth vs Low Risk Savings
- Intel's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Intel's earnings growth is positive but not above the United States of America market average.
- Intel's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:INTC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 36 Analysts | 5.5% |
| NasdaqGS:INTC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 36 Analysts | 4.5% |
| United States of America Semiconductor Industry Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| United States of America Semiconductor Industry Revenue Growth Rate | Market Cap Weighted Average | 7.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.5% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 36 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 85,387 | 25,851 | 2 | |
| 2022-12-31 | 80,819 | 23,309 | 2 | |
| 2021-12-31 | 73,818 | 32,974 | 20,430 | 12 |
| 2020-12-31 | 71,230 | 31,479 | 19,010 | 36 |
| 2019-12-31 | 68,531 | 29,810 | 18,549 | 36 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-30 | 70,843 | 28,107 | 20,573 |
| 2018-12-29 | 70,848 | 29,432 | 21,053 |
| 2018-09-29 | 69,244 | 29,773 | 15,171 |
| 2018-06-30 | 66,230 | 27,202 | 13,289 |
| 2018-03-31 | 64,031 | 24,496 | 11,091 |
| 2017-12-30 | 62,761 | 22,110 | 9,601 |
| 2017-09-30 | 62,082 | 23,019 | 13,850 |
| 2017-07-01 | 61,711 | 22,513 | 12,712 |
| 2017-04-01 | 60,481 | 21,651 | 11,234 |
| 2016-12-31 | 59,387 | 21,808 | 10,316 |
| 2016-10-01 | 57,927 | 19,085 | 10,367 |
| 2016-07-02 | 56,614 | 19,062 | 10,098 |
| 2016-04-02 | 56,276 | 18,657 | 11,474 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 36 Analyst Estimates (S&P Global) | See Below |
All data from Intel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 4.76 | 5.55 | 4.10 | 6.00 |
| 2020-12-31 | 4.29 | 4.84 | 3.42 | 20.00 |
| 2019-12-31 | 4.11 | 4.35 | 3.78 | 20.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-30 | 4.51 |
| 2018-12-29 | 4.57 |
| 2018-09-29 | 3.27 |
| 2018-06-30 | 2.84 |
| 2018-03-31 | 2.37 |
| 2017-12-30 | 2.04 |
| 2017-09-30 | 2.94 |
| 2017-07-01 | 2.69 |
| 2017-04-01 | 2.37 |
| 2016-12-31 | 2.18 |
| 2016-10-01 | 2.19 |
| 2016-07-02 | 2.14 |
| 2016-04-02 | 2.42 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Intel's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Intel has a total score of 2/6, 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.
Past Performance
How has Intel 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
Past Earnings growth analysis
- Intel's year on year earnings growth rate has been positive over the past 5 years.
- Intel's 1-year earnings growth exceeds its 5-year average (85.8% vs 10.6%)
- Intel's earnings growth has exceeded the US Semiconductor industry average in the past year (85.8% vs 13.8%).
Earnings and Revenue History
All data from Intel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-30 | 70,843.00 | 20,573.00 | 6,383.00 | 13,564.00 |
| 2018-12-29 | 70,848.00 | 21,053.00 | 6,750.00 | 13,543.00 |
| 2018-09-29 | 69,244.00 | 15,171.00 | 7,094.00 | 13,426.00 |
| 2018-06-30 | 66,230.00 | 13,289.00 | 7,150.00 | 13,207.00 |
| 2018-03-31 | 64,031.00 | 11,091.00 | 7,367.00 | 13,035.00 |
| 2017-12-30 | 62,761.00 | 9,601.00 | 7,566.00 | 13,035.00 |
| 2017-09-30 | 62,082.00 | 13,850.00 | 7,768.00 | 13,062.00 |
| 2017-07-01 | 61,711.00 | 12,712.00 | 8,113.00 | 12,922.00 |
| 2017-04-01 | 60,481.00 | 11,234.00 | 8,270.00 | 12,805.00 |
| 2016-12-31 | 59,387.00 | 10,316.00 | 8,636.00 | 12,685.00 |
| 2016-10-01 | 57,927.00 | 10,367.00 | 8,357.00 | 12,579.00 |
| 2016-07-02 | 56,614.00 | 10,098.00 | 8,261.00 | 12,437.00 |
| 2016-04-02 | 56,276.00 | 11,474.00 | 8,203.00 | 12,379.00 |
| 2015-12-26 | 55,355.00 | 11,420.00 | 7,930.00 | 12,128.00 |
| 2015-09-26 | 55,162.00 | 11,468.00 | 7,861.00 | 11,999.00 |
| 2015-06-27 | 55,251.00 | 11,676.00 | 7,930.00 | 11,914.00 |
| 2015-03-28 | 55,887.00 | 11,766.00 | 8,042.00 | 11,686.00 |
| 2014-12-27 | 55,870.00 | 11,704.00 | 8,136.00 | 11,537.00 |
| 2014-09-27 | 54,983.00 | 10,668.00 | 8,093.00 | 11,373.00 |
| 2014-06-28 | 53,912.00 | 10,301.00 | 8,084.00 | 11,273.00 |
| 2014-03-29 | 52,892.00 | 9,505.00 | 8,188.00 | 10,930.00 |
| 2013-12-28 | 52,708.00 | 9,620.00 | 8,088.00 | 10,611.00 |
| 2013-09-28 | 52,351.00 | 9,463.00 | 8,040.00 | 10,414.00 |
| 2013-06-29 | 52,325.00 | 9,485.00 | 8,065.00 | 10,277.00 |
| 2013-03-30 | 53,015.00 | 10,312.00 | 8,031.00 | 10,274.00 |
| 2012-12-29 | 53,341.00 | 11,005.00 | 8,057.00 | 10,148.00 |
| 2012-09-29 | 53,751.00 | 11,897.00 | 8,072.00 | 9,827.00 |
*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.
- Intel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Intel used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
- Intel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Intel's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Intel has a total score of 6/6, 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.
Health
How is Intel'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 Intel's finances.
The net worth of a company is the difference between its assets and liabilities.
- Intel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Intel's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1x debt.
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.
All data from Intel Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-30 | 73,661.00 | 28,487.00 | 12,033.00 |
| 2018-12-29 | 74,563.00 | 26,359.00 | 11,650.00 |
| 2018-09-29 | 71,483.00 | 27,874.00 | 13,186.00 |
| 2018-06-30 | 70,047.00 | 28,142.00 | 12,225.00 |
| 2018-03-31 | 70,165.00 | 28,612.00 | 16,197.00 |
| 2017-12-30 | 69,019.00 | 26,813.00 | 14,002.00 |
| 2017-09-30 | 70,936.00 | 31,640.00 | 17,504.00 |
| 2017-07-01 | 68,625.00 | 31,985.00 | 25,929.00 |
| 2017-04-01 | 66,844.00 | 25,984.00 | 17,295.00 |
| 2016-12-31 | 66,226.00 | 25,283.00 | 17,099.00 |
| 2016-10-01 | 63,115.00 | 27,944.00 | 17,884.00 |
| 2016-07-02 | 61,367.00 | 28,888.00 | 17,852.00 |
| 2016-04-02 | 61,174.00 | 25,604.00 | 15,287.00 |
| 2015-12-26 | 61,085.00 | 22,670.00 | 25,313.00 |
| 2015-09-26 | 57,097.00 | 21,229.00 | 21,208.00 |
| 2015-06-27 | 57,695.00 | 13,273.00 | 14,215.00 |
| 2015-03-28 | 54,924.00 | 13,258.00 | 14,629.00 |
| 2014-12-27 | 55,865.00 | 13,673.00 | 14,401.00 |
| 2014-09-27 | 56,073.00 | 13,327.00 | 15,762.00 |
| 2014-06-28 | 59,247.00 | 13,388.00 | 17,406.00 |
| 2014-03-29 | 58,038.00 | 13,459.00 | 19,154.00 |
| 2013-12-28 | 58,256.00 | 13,666.00 | 20,216.00 |
| 2013-09-28 | 55,452.00 | 13,704.00 | 19,220.00 |
| 2013-06-29 | 53,840.00 | 13,581.00 | 17,429.00 |
| 2013-03-30 | 51,194.00 | 13,351.00 | 17,165.00 |
| 2012-12-29 | 51,203.00 | 13,568.00 | 18,195.00 |
| 2012-09-29 | 49,269.00 | 7,248.00 | 10,505.00 |
- Intel's level of debt (38.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (23.2% vs 38.7% today).
- Debt is well covered by operating cash flow (98.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 740.3x coverage).
Financial health checks
We assess Intel's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Intel has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Intel'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
If you bought
$2,000 of
Intel
shares you are expected to receive
$50
in your first year as a dividend.
Dividend Amount
- Intel's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Intel's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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.
| 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 36 Analyst Estimates (S&P Global) | See Below |
| United States of America Semiconductor Industry Average Dividend Yield | Market Cap Weighted Average of 32 Stocks | 2.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2018 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 1.53 | 1.00 |
| 2022-12-31 | 1.46 | 1.00 |
| 2021-12-31 | 1.43 | 9.00 |
| 2020-12-31 | 1.33 | 17.00 |
| 2019-12-31 | 1.24 | 17.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-14 | 1.260 | 2.539 |
| 2018-09-14 | 1.200 | 2.502 |
| 2018-07-19 | 1.200 | 2.482 |
| 2018-03-15 | 1.200 | 2.285 |
| 2017-09-14 | 1.090 | 2.478 |
| 2017-07-21 | 1.090 | 3.072 |
| 2017-03-23 | 1.090 | 3.072 |
| 2017-01-23 | 1.040 | 2.880 |
| 2016-07-12 | 1.040 | 2.906 |
| 2016-03-17 | 1.040 | 3.291 |
| 2016-01-22 | 1.040 | 3.474 |
| 2015-09-11 | 0.960 | 2.942 |
| 2015-07-23 | 0.960 | 3.365 |
| 2015-03-19 | 0.960 | 3.037 |
| 2015-01-23 | 0.960 | 2.881 |
| 2014-09-12 | 0.900 | 2.576 |
| 2014-07-24 | 0.900 | 2.628 |
| 2014-03-19 | 0.900 | 3.222 |
| 2014-01-23 | 0.900 | 3.662 |
| 2013-09-25 | 0.900 | 3.691 |
| 2013-07-25 | 0.900 | 3.944 |
| 2013-03-21 | 0.900 | 3.848 |
| 2013-01-23 | 0.900 | 4.258 |
| 2013-01-17 | 0.900 | 4.179 |
| 2012-05-07 | 0.900 | 3.842 |
| 2012-03-22 | 0.840 | 2.992 |
| 2012-01-25 | 0.840 | 3.115 |
| 2011-09-22 | 0.840 | 3.498 |
| 2011-05-11 | 0.840 | 3.892 |
| 2011-03-18 | 0.725 | 3.452 |
| 2010-11-12 | 0.725 | 3.410 |
| 2010-09-24 | 0.630 | 3.166 |
| 2010-07-22 | 0.630 | 3.259 |
| 2010-03-19 | 0.630 | 2.906 |
| 2009-11-16 | 0.630 | 3.101 |
| 2009-09-10 | 0.560 | 2.855 |
| 2009-07-16 | 0.560 | 2.921 |
| 2009-03-19 | 0.560 | 3.542 |
| 2009-01-23 | 0.560 | 4.151 |
| 2008-09-10 | 0.560 | 3.733 |
| 2008-07-17 | 0.560 | 2.480 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Intel's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.7x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
Income/ dividend checks
We assess Intel's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Intel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Intel has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $16,706,700 |
| AGE | 59 |
| TENURE AS CEO | 1.1 years |
CEO Bio
Mr. Robert H. Swan, also known as Bob, serves as the Chief Executive Officer and Director at Intel Corporation since January 31, 2019. He was Chief Financial Officer and Executive Vice President of Intel Corporation since October 10, 2016 until January 31, 2019 and served as its Interim Chief Executive Officer from June 21, 2018 until January 31, 2019. Mr. Swan oversees Intel’s global finance organization—including finance, accounting and reporting, tax, treasury, internal audit and investor relations information technology and the Corporate Strategy Office. From September 2015 to September 2016, Mr. Swan served as an Operating Partner of General Atlantic LLC. He joined General Atlantic in 2015 and was an Operating Partner on its Resources Group, where he provided strategic counsel to GA's portfolio companies. Mr. Swan led the General Atlantic's efforts in supporting portfolio companies as they grow through strategic mergers and acquisitions and develop their finance functions. He also worked closely with GA's Internet & Technology sector team. Prior to General Atlantic, he served as the Chief Financial Officer and Senior Vice President of Finance at Ebay Inc. from March 16, 2006 to July 17, 2015 overseeing all aspects of its finance function including controllership, financial planning and analysis, tax, treasury, audit, mergers and acquisitions and investor relations. Mr. Swan served as an Executive Vice President and Chief Financial Officer of HP Enterprise Services, LLC from February 2003 to March 15, 2006. He began his career at General Electric in 1985, serving for 15 years in numerous senior finance roles including as divisional Chief Financial Officer for GE Healthcare Europe. He served as Chief Financial Officer and Executive Vice President of Electronic Data Systems Corp. Prior to joining Electronic Data Systems Corp., he served as an Executive Vice President and Chief Financial Officer of TRW Aeronautical Systems (formerly, TRW Inc., Aeronautical Unit.) from July 2001 to December 2002. Mr. Swan served as an Executive Vice President and Chief Financial Officer of Northrop Grumman Space & Mission Systems Corporation since July 2001. He was employed at Webvan Group, Inc. from 1999 to 2001, including Chief Executive Officer from April 2001 to July 2001, Chief Operating Officer from September 2000 to July 2001 and Chief Financial Officer from February 2000 to July 2001. He served as Vice President of Finance of Webvan Group Inc., from October 1999 to February 2000 and also served as its Principal Accounting Officer. From September 1985 to October 1999, Mr. Swan held variety of positions at General Electric Company, including as Vice President of Finance and Chief Financial Officer of GE Lighting LLC from May 1998 to October 1999. From January 1997 to June 1998, he served as Vice President of Finance of GE Medical Systems in Europe. He served as Chief Financial Officer of GE Transportation Systems from October 1994 to January 1997. From May 1988 to October 1994, Mr. Swan served several assignments with GE's Corporate Audit Staff. He has been a Director of Skype Global S.à r.l. since December 2009. He has been a Director of eBay, Inc. since July 17, 2015. He serves on the board of Alignment Healthcare. He served as a Director of AppDynamics, Inc. from December 2015 to October 2016. He served as a Director of Applied Materials, Inc. from March 2009 to September 19, 2016. He served as a Director of PayPal Holdings, Inc. until July 17, 2015. He served as a Director of Radial June 2011. He served as a Director of Webvan Group Inc. since April 2001. Mr. Swan holds a B.S. in Business Administration from the State University of New York at Buffalo and an M.B.A. from the State University of New York at Binghamton.
CEO Compensation
- Bob's compensation has been consistent with company performance over the past year, both up more than 20%.
- Bob's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Intel management team in years:
- The average tenure for the Intel management team is less than 2 years, this suggests a new team.
Management Team
Bob Swan
CEO & Director
$17M
59
1.1 yrs
Steve Rodgers
Executive VP & General Counsel
$16M
53
Navin Shenoy
Executive VP & GM of Data Center Group
$10M
45
4.4 yrs
Murthy Renduchintala
Chief Engineering Officer and Group President of Technology
$13M
54
3.7 yrs
George Davis
Executive VP & CFO
61
0.3 yrs
Ann Kelleher
Senior VP and GM of Manufacturing & Operations
53
Kevin McBride
VP of Finance
49
1.7 yrs
Mike Mayberry
Senior VP
62
1.5 yrs
Paula Tolliver
Chief Information Officer & Corporate VP
54
2.9 yrs
Mark Henninger
VP of Finance and Director of Investor Relations
Board of Directors Tenure
Average tenure and age of the Intel board of directors in years:
- The average tenure for the Intel board of directors is less than 3 years, this suggests a new board.
Board of Directors
Andy Bryant
Chairman of the Board
$4M
69
7.2 yrs
Bob Swan
CEO & Director
$17M
59
0.5 yrs
Frank Yeary
Independent Director
$346K
55
10.3 yrs
Aneel Bhusri
Independent Lead Director
$369K
53
2.2 yrs
Omar Ishrak
Independent Director
$331K
63
2.3 yrs
Greg Smith
Independent Director
$354K
52
2.3 yrs
Andrew Wilson
Independent Director
$322K
44
1.8 yrs
Reed Hundt
Independent Director
$341K
71
18.5 yrs
King Liu
Independent Director
$331K
56
3 yrs
Risa Lavizzo-Mourey
Independent Director
$188K
64
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Nov 18 | Sell | Kevin McBride | Individual | 30. Oct 18 | 30. Oct 18 | -6,295 | $45.53 | $-286,611 | ||
Management checks
We assess Intel's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Intel 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.
News
Simply Wall St News
Estimating The Intrinsic Value Of Intel Corporation (NASDAQ:INTC)
Today we will run through one way of estimating the intrinsic value of Intel Corporation (NASDAQ:INTC). … by taking the expected future cash flows and discounting them to today's value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future.
Simply Wall St - – Full articleIs Now The Time To Put Intel (NASDAQ:INTC) On Your Watchlist?
In contrast to all that, I prefer to spend time on companies like Intel (NASDAQ:INTC), which has not only revenues, but also profits. … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats). … Intel shareholders can take confidence from the fact that EBIT margins are up from 29% to 33%, and revenue is growing.
Simply Wall St - – Full articleWhat Do Analysts Think About The Future Of Intel Corporation's (NASDAQ:INTC)?
Looking at Intel Corporation's (NASDAQ:INTC) earnings update in December 2018, … as a -6.9% fall in profits is expected in the upcoming year
Simply Wall St - – Full articleHere's What Intel Corporation's (NASDAQ:INTC) ROCE Can Tell Us
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed
Simply Wall St - – Full articleAre Insiders Selling Intel Corporation (NASDAQ:INTC) Stock?
So we'll take a look at whether insiders have been buying or selling shares in Intel Corporation (NASDAQ:INTC). … All up, insiders sold more shares in Intel than they bought, over the last year … It's not particularly great to see insiders were selling shares around current prices
Simply Wall St - – Full articleIntel Corporation (NASDAQ:INTC): Earnings Expected To Remain Subdued
In December 2018, Intel Corporation (NASDAQ:INTC) released its most recent earnings announcement, whicha … signalled
Simply Wall St - – Full articleAll You Need To Know About Intel Corporation's (NASDAQ:INTC) Financial Health
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Intel Corporation (NASDAQ:INTC). … With a market valuation of US$232b, INTC is a safe haven in times of market uncertainty due to its strong balance sheet. … In times of low liquidity in the market, these firms won’t be left high and dry.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Intel Corporation (NASDAQ:INTC)?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleIs Intel Corporation's (NASDAQ:INTC) P/E Ratio Really That Good?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate Intel's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Price Should You Be Buying Intel Corporation's (NASDAQ:INTC)?
Knowing which valuation model to use for financial analysis can be incredibly confusing for even the most seasoned of investors. … A prime example of conflicts between valuation models is Intel Corporation's (NASDAQ:INTC). … While my discounted cash flow (DCF) model tells me that it is overvalued by 19.09%, my relative valuation model says it is undervalued by 10.12%.
Simply Wall St - – Full articleCompany Info
Description
Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products. It also provides NAND flash memory products primarily used in solid-state drives; and programmable semiconductors and related products for communications, data center, industrial, and military markets. In addition, the company develops computer vision and machine learning, data analysis, localization, and mapping for advanced driver assistance systems and autonomous driving. Its platforms are used in notebooks, systems, and desktops; cloud, enterprise, and communication infrastructure market segments; and retail, automotive, industrial, and various other embedded applications. It serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers. Intel Corporation has a collaboration with Telefonaktiebolaget LM Ericsson (publ) to develop software defined infrastructure for network functions virtualization, distributed cloud, and 5G applications; and Baidu, Inc. to develop nervana neural network processor for training. The company was founded in 1968 and is based in Santa Clara, California.
Details
| Name: | Intel Corporation |
| INTC | |
| Exchange: | NasdaqGS |
| Founded: | 1968 |
| $223,491,840,000 | |
| 4,477,000,000 | |
| Website: | http://www.intel.com |
| Address: |
Intel Corporation 2200 Mission College Boulevard, Santa Clara, California, 95054, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | INTC | Common Stock | Nasdaq Global Select | US | USD | 20. Nov 1972 | |
| DB | INL | Common Stock | Deutsche Boerse AG | DE | EUR | 20. Nov 1972 | |
| XTRA | INL | Common Stock | XETRA Trading Platform | DE | EUR | 20. Nov 1972 | |
| SWX | INTC | Common Stock | SIX Swiss Exchange | CH | CHF | 20. Nov 1972 | |
| SEHK | 4335 | Common Stock | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 20. Nov 1972 | |
| ENXTBR | INCO | Common Stock | Euronext Brussels | BE | USD | 20. Nov 1972 | |
| WBAG | INTC | Common Stock | Wiener Boerse AG | AT | EUR | 20. Nov 1972 | |
| SNSE | INTC | Common Stock | Santiago Stock Exchange | CL | USD | 20. Nov 1972 | |
| BVC | INTC | Common Stock | Bolsa de Valores de Colombia | CO | COP | 20. Nov 1972 | |
| BMV | INTC * | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 20. Nov 1972 | |
| BOVESPA | ITLC34 | BDR EACH REPR 1 COM SH | Bolsa de Valores de Sao Paulo | BR | BRL | 23. Aug 2012 | |
| BASE | INTC | CEDEARS (EACH 5 REP 1 COM USD0.001) | Buenos Aires Stock Exchange | AR | ARS | 14. Apr 1999 |
Number of employees
Current staff
Industry
| Semiconductors | |
| Semiconductors |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/14 23:40 |
| End of day share price update: | 2019/07/12 00:00 |
| Last estimates confirmation: | 2019/07/10 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/30 |
| Last annual earnings reported: | 2018/12/29 |
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.
