MeritValue

INTEL CORP

INTCdata completeness 100%19 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$79B1$63.1B2$54.2B3$53.1B3$52.9B3
Net income$19.9B4$8.01B5$1.69B6−$18.8B6−$267M6
Operating cash flow$29.5B7$15.4B8$11.5B9$8.29B9$9.7B9
Capital expenditure$18.7B10$24.8B11$25.8B12$23.9B12$14.6B12
Free cash flow (derived)$10.7B7−$9.41B8−$14.3B9−$15.7B9−$4.95B9
Total debt$80.8B13$84.5B14$100.8B15$103.8B16$95.7B16
Cash & equivalents$4.83B17$11.1B18$7.08B18$8.25B19$14.3B19
Diluted shares4.09B4.12B4.21B4.28B4.53B

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
2.2e-7%
of the whole company
Your share of last year’s profit
−$0.59
Your share of its debt
$211.19
Your share of free cash flow
−$10.92
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$3.93
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.69B
  • growthAssumed0.0%
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-12-25 · accession 0000050863-24-000010 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0000050863-25-000009 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-30 · accession 0000050863-26-000011 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-25 · accession 0000050863-24-000010 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0000050863-25-000009 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-30 · accession 0000050863-26-000011 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-25 · accession 0000050863-24-000010 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0000050863-25-000009 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-30 · accession 0000050863-26-000011 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-25 · accession 0000050863-24-000010 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0000050863-25-000009 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-30 · accession 0000050863-26-000011 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-25 · accession 0000050863-23-000006 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-12-31 · accession 0000050863-24-000010 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-12-30 · accession 0000050863-25-000009 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-12-28 · accession 0000050863-26-000011 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-12-25 · accession 0000050863-25-000009 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  18. 10-K · period ending 2022-12-31 · accession 0000050863-26-000011 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  19. 10-K · period ending 2024-12-28 · accession 0000050863-26-000011 (CashAndCashEquivalentsAtCarryingValue)