HP
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 14 days ago. More info.
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HPQ Share Price and Events
7 Day Returns
1 Year Returns
HPQ Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| HP (HPQ) | 4.9% | -14.1% | -2.7% | -14.1% | 63.1% | -38.6% |
| US Tech | 4.7% | 9.5% | 14% | 3.9% | 67.2% | 111.5% |
| US Market | 1.6% | 2.1% | 12.8% | 3.2% | 38.6% | 43.6% |
1 Year Return vs Industry and Market
- HPQ underperformed the Tech industry which returned 3.9% over the past year.
- HPQ underperformed the Market in United States of America which returned 3.2% over the past year.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for HP.
| 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 | 9.3% |
| 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% |
| 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%) (16.35%)) |
1.107 |
| 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)
= 2.73% + (1.107 * 5.96%) |
9.33% |
Discounted Cash Flow Calculation for NYSE: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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.33%) |
|
|---|---|---|---|
| 2019 | 3,679.67 | Analyst x3 | 3,365.68 |
| 2020 | 3,484.25 | Analyst x4 | 2,915.00 |
| 2021 | 3,547.00 | Analyst x1 | 2,714.29 |
| 2022 | 3,493.35 | Est @ -1.51% | 2,445.13 |
| 2023 | 3,484.98 | Est @ -0.24% | 2,231.13 |
| 2024 | 3,507.67 | Est @ 0.65% | 2,054.04 |
| 2025 | 3,552.39 | Est @ 1.27% | 1,902.72 |
| 2026 | 3,613.19 | Est @ 1.71% | 1,770.15 |
| 2027 | 3,686.06 | Est @ 2.02% | 1,651.76 |
| 2028 | 3,768.30 | Est @ 2.23% | 1,544.52 |
| Present value of next 10 years cash flows | $22,594.44 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $3,768.30 × (1 + 2.73%) ÷ (9.33% – 2.73%) |
$58,663.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $58,663.71 ÷ (1 + 9.33%)10 |
$24,044.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $22,594.44 + $24,044.68 |
$46,639.12 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $46,639.12 / 1,533.50 |
$30.41 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $30.41 |
| Current discount | Discount to share price of
$20.00
= -1 x ($20.00 - $30.41) / $30.41 |
34.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- 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?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-01-31) in USD | $2.63 |
| NYSE:HPQ Share Price ** | NYSE (2019-03-19) in USD | $20 |
| United States of America Tech Industry PE Ratio | Median Figure of 15 Publicly-Listed Tech Companies | 16.94x |
| United States of America Market PE Ratio | Median Figure of 3,056 Publicly-Listed Companies | 17.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of HP.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:HPQ Share Price ÷ EPS (both in USD) = 20 ÷ 2.63 |
7.59x |
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 US Tech industry average.
- HP is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
HP's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.59x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
-4%per year |
| United States of America Tech Industry PEG Ratio | Median Figure of 8 Publicly-Listed Tech Companies | 1.08x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.49x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.59x ÷ -4% |
-1.88x |
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?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-01-31) in USD | $-1.19 |
| NYSE:HPQ Share Price * | NYSE (2019-03-19) in USD | $20 |
| United States of America Tech Industry PB Ratio | Median Figure of 37 Publicly-Listed Tech Companies | 1.85x |
| United States of America Market PB Ratio | Median Figure of 5,154 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:HPQ Share Price ÷ Book Value per Share (both in USD) = 20 ÷ -1.19 |
-16.76x |
* 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 US Tech industry average.
Value checks
We assess HP'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 Tech 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 Tech industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- HP's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- HP's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- HP'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) |
|---|---|---|
| NYSE:HPQ Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | -4% |
| NYSE:HPQ Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 0.8% |
| United States of America Tech Industry Earnings Growth Rate | Market Cap Weighted Average | 4.7% |
| United States of America Tech Industry Revenue Growth Rate | Market Cap Weighted Average | 3.1% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess HP'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)
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
Past Earnings growth analysis
- 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 US Tech industry average in the past year (8.8% vs 94.9%).
Earnings and Revenue History
All data from HP Company Filings, last reported 1 month 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 |
|---|---|---|---|---|
| 2019-01-31 | 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 US 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).
Past performance checks
We assess HP'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 Tech 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)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from HP Company Filings, last reported 1 month ago.
| 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).
Financial health checks
We assess HP'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) HP has a total score of 3/6, 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.
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
If you bought
$2,000 of
HP
shares you are expected to receive
$64
in your first year as a dividend.
Dividend Amount
- HP's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- HP's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
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 13 Analyst Estimates (S&P Global) | See Below |
| United States of America Tech Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 1.7% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| 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 | 3.6% |
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 |
|---|---|---|
| 2022-10-31 | ||
| 2021-10-31 | 0.73 | 5.00 |
| 2020-10-31 | 0.69 | 10.00 |
| 2019-10-31 | 0.63 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-16 | 0.641 | 2.980 |
| 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 |
| 2009-03-20 | 0.320 | 0.893 |
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).
- Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
Income/ dividend checks
We assess HP'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 HP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) 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
CEO
| 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.
- Dion'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 HP management team in years:
- The tenure for the HP management team is about average.
Management Team
Dion Weisler
President
$19M
51
3.3 yrs
Steve Fieler
Chief Financial Officer
$5M
56
0.7 yrs
Kim Rivera
President of Strategy & Business Management and Chief Legal Officer
$5M
49
3.3 yrs
Tracy Keogh
Chief Human Resources Officer
$5M
57
3.3 yrs
Enrique Lores
President of Imaging
$7M
52
3.3 yrs
Shane Wall
Chief Technology Officer
54
Beth Howe
Head of Investor Relations
Karen Kahn
Chief Communications Officer & Head of Communications
0.6 yrs
Vikrant Batra
Chief Marketing Officer
0.6 yrs
Bernard Meric
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:
- The tenure for the HP board of directors is about average.
Board of Directors
Chip Bergh
Chairman of the Board
$543K
60
1.7 yrs
Dion Weisler
President
$19M
51
3.3 yrs
Shumeet Banerji
Independent Director
$323K
59
8.2 yrs
Robert Bennett
Independent Director
$327K
60
5.7 yrs
Stephanie Burns
Independent Director
$328K
63
3.3 yrs
Mary Citrino
Independent Director
$341K
59
4.2 yrs
Stacy Brown-Philpot
Independent Director
$312K
42
4.2 yrs
Stacey Mobley
Independent Director
$308K
73
4.2 yrs
Subra Suresh
Independent Director
$310K
61
4.2 yrs
Aida Alvarez
Independent Director
$308K
68
3.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Dec 18 | Sell | Alex Cho | Individual | 14. Dec 18 | 14. Dec 18 | -28,774 | $22.30 | $-641,574 | ||
| 05. Dec 18 | Sell | Alex Cho | Individual | 03. Dec 18 | 03. Dec 18 | -3,879 | $23.68 | $-91,855 | ||
Management checks
We assess HP'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) 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
Interested In HP Inc. (NYSE:HPQ)’s Upcoming US$0.16 Dividend? You Have 2 Days Left
Investors who want to cash in on HP Inc.'s (NYSE:HPQ) upcoming dividend of US$0.16 per share have only 2 days left to buy the shares before its ex-dividend date, 12 March 2019, in time for dividends payable on the 03 April 2019. … 5 questions I ask before picking a dividend stock? … When researching a dividend stock, I always follow the following screening criteria:?
Simply Wall St - – Full articleShould You Like HP Inc.’s (NYSE:HPQ) High Return On Capital Employed?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDid HP Inc. (NYSE:HPQ) Insiders Sell Shares?
Alex Cho made the biggest insider sale in the last 12 months. … That means that an insider was selling shares at slightly below the current price (US$23.35) … When an insider sells below the current price, it does tend to make us wonder about the current valuation
Simply Wall St - – Full articleWhy Fundamental Investors Might Love HP Inc. (NYSE:HPQ)
Participate in a short research study and receive a subscription valued at $60. … (NYSE:HPQ) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand HP Inc. (NYSE:HPQ)
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll look at HP Inc.'s (NYSE:HPQ) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCalculating The Fair Value Of HP Inc. (NYSE:HPQ)
by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs Now The Time To Look At Buying HP Inc. (NYSE:HPQ)?
saw significant share price movement during recent months on the NYSE, rising to highs of $26.42 and falling to the lows of $19.65. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at HP’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleShould HP Inc. (NYSE:HPQ) Be Part Of Your Portfolio?
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … (NYSE:HPQ) has been paying a dividend to shareholders. … 5 questions to ask before buying a dividend stock
Simply Wall St - – Full articleShould You Worry About HP Inc's (NYSE:HPQ) CEO Pay Cheque?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Dion Weisler's Compensation Compare With Similar Sized Companies. … According to our data, HP Inc has a market capitalization of US$36b, and pays its CEO total annual compensation worth US$15m.
Simply Wall St - – Full articleHP Inc (NYSE:HPQ): What Are Investors Earning On Their Capital?
and want a simplistic look at the return on HP Inc (NYSE:HPQ) stock. … Your return is tied to HPQ’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand HP’s capital returns we will look at a useful metric called return on capital employed.
Simply Wall St - – Full articleHPQ 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: | NYSE |
| Founded: | 1939 |
| $30,670,036,380 | |
| 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
Industry
| Technology Hardware, Storage and Peripherals | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 23:37 |
| End of day share price update: | 2019/03/19 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.
