Intel Corp (NASDAQ: INTC)

Sector: Technology Industry: Semiconductors CIK: 0000050863
Market Cap 225.13 Bn
P/B 1.97
P/E -843.17
P/S 4.26
ROIC (Qtr) 10.42
Div Yield % 0.00
Rev 1y % (Qtr) -4.11
Total Debt (Qtr) 46.59 Bn
Debt/Equity (Qtr) 0.41

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 14.27B provide 5.71x coverage of short-term debt 2.50B, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 184.75B provides 3.97x coverage of total debt 46.59B, indicating robust asset backing and low credit risk.
  • Operating cash flow of 9.70B provides exceptional 33.10x coverage of minority interest expenses 293M, showing strong core operations.
  • Strong operating cash flow of 9.70B provides 2.10x coverage of SG&A expenses 4.62B, showing efficient operational cost management.
  • Short-term investments of 23.15B provide solid 1.21x coverage of other current liabilities 19.19B, indicating strong liquidity.

Bear case

  • Operating cash flow of 9.70B barely covers its investment activities of (14.82B), with a coverage ratio of -0.65, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (14.82B) provide weak support for R&D spending of 13.77B, which is -1.08x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Free cash flow of (4.95B) provides weak coverage of capital expenditures of 14.65B, with a -0.34 ratio suggesting additional external financing needs for growth initiatives.
  • The company's operating cash flow of 9.70B shows concerning coverage of stock compensation expenses of 2.43B, with a 3.98 ratio indicating potential earnings quality issues.
  • Operating earnings of (1.99B) show weak coverage of depreciation charges of 11.71B, with a -0.17 ratio indicating high capital intensity and potential reinvestment needs.

Segments Breakdown of Revenue (2025)

Geographical Breakdown of Revenue (2025)

Peer comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,120.22 Bn 6,867.04 847.78 10.48 Bn
2 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,782.57 Bn 362.79 138.75 31.18 Bn
3 AVGO Broadcom Inc. 1,393.11 Bn 119.76 35.84 65.14 Bn
4 MU Micron Technology Inc 453.24 Bn 657.82 30.76 12.43 Bn
5 AMD Advanced Micro Devices Inc 338.42 Bn 78.07 9.77 3.85 Bn
6 TXN Texas Instruments Inc 225.71 Bn 66.70 17.17 14.05 Bn
7 INTC Intel Corp 225.13 Bn -843.17 4.26 46.59 Bn
8 QCOM Qualcomm Inc/De 147.37 Bn 27.47 3.28 14.82 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 1.23 4.15
EV to Cash from Ops. EV/CFO 26.87 -405.91
EV to Debt EV to Debt 5.59 81.67
EV to EBIT EV/EBIT -130.73 -94.01
EV to EBITDA EV/EBITDA 27.45 112.02
EV to Free Cash Flow [EV/FCF] EV/FCF -52.64 103.01
EV to Market Cap EV to Market Cap 1.16 0.77
EV to Revenue EV/Rev 4.93 36.18
Price to Book Value [P/B] P/B 1.97 24.05
Price to Earnings [P/E] P/E -843.17 97.65
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 2.38
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 3.97
Dividend per Basic Share Div per Share (Qtr) 0.00 0.63
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 21.06
Interest Coverage Int. cover (Qtr) 0.61 8.98
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 38.83 -149.31
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 72.93 70.06
Dividend Growth (1y) % Div 1y % (Qtr) 0.00 5.42
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 102.20 51.85
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 3,274.58 91.14
EBIT Growth (1y) % EBIT 1y % (Qtr) 81.81 36.72
EBT Growth (1y) % EBT 1y % (Qtr) 111.78 30.25
EPS Growth (1y) % EPS 1y % (Qtr) 98.63 49.61
FCF Growth (1y) % FCF 1y % (Qtr) 68.39 281.55
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 5.94 37.25
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.25 0.50
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.09
Cash Ratio Cash Ratio (Qtr) 0.45 2.35
Current Ratio Curr Ratio (Qtr) 2.02 5.61
Debt to Equity Ratio Debt/Equity (Qtr) 0.41 -0.02
Interest Cover Ratio Int Coverage (Qtr) 0.61 8.98
Times Interest Earned Times Interest Earned (Qtr) 0.61 8.98
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 18.40 -113.04
EBIT Margin % EBIT Margin % (Qtr) -3.77 -92.05
EBT Margin % EBT Margin % (Qtr) 2.39 -132.99
Gross Margin % Gross Margin % (Qtr) 34.80 47.72
Net Profit Margin % Net Margin % (Qtr) -0.50 -133.93