Intel Corp. (INTC) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-95.4%

$2.83

vs $62.10 price

Levered DCF

-$4.31

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.63

Grey zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-614.6×	-4.63×	125.63×	13.55×	10.49×	9.45×	12.55×	10.27×
P/B	1.54×	0.88×	1.99×	1.07×	2.18×	2.44×	3.41×	2.9×
P/S	3.33×	1.64×	3.88×	1.72×	2.64×	2.54×	3.67×	3.05×
EV / EBITDA	14.5×	106.94×	22.48×	6.55×	7.13×	6.32×	8.7×	7.42×
Gross margin	34.8%	32.7%	40.0%	42.6%	55.4%	56.0%	58.6%	61.7%
Operating margin	-4.2%	-22.0%	0.2%	3.7%	24.6%	30.4%	30.6%	32.9%
Net margin	-0.5%	-35.3%	3.1%	12.7%	25.1%	26.8%	29.2%	29.7%
Current ratio	2.02×	1.33×	1.54×	1.57×	2.13×	1.91×	1.4×	1.73×
Debt / equity	0.41×	0.5×	0.47×	0.41×	0.4×	0.45×	0.37×	0.35×
Interest coverage	-2.03×	-14.17×	0.11×	4.71×	32.59×	37.64×	45.06×	49.82×
Dividend yield	0.0%	1.8%	1.5%	5.5%	2.7%	2.8%	2.1%	2.6%
Payout ratio	0.0%	-8.5%	182.8%	74.8%	28.4%	26.6%	26.5%	26.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.2%	-18.9%	1.6%	7.9%	20.8%	25.8%	27.2%	28.2%
Return on invested capital	-0.0%	-7.1%	0.1%	1.5%	12.2%	15.1%	16.4%	18.7%
Return on assets	-0.1%	-9.5%	0.9%	4.4%	11.8%	13.7%	15.4%	16.5%
Free cash flow yield	-2.8%	-18.0%	-6.8%	-8.9%	4.4%	10.6%	6.4%	6.6%
Earnings yield	-0.2%	-21.6%	0.8%	7.4%	9.5%	10.6%	8.0%	9.7%
Enterprise value	$208.1B	$128.6B	$252.7B	$139.5B	$241.5B	$228.2B	$289.2B	$239.7B
Net debt / EBITDA	2.25×	34.71×	3.75×	1.45×	0.98×	0.85×	0.75×	0.72×
Cash conversion cycle (days)	45	20	52	61	96	62	95	81