Intel Corporation (INTC) Two-Stage Excess Return Model - Discounting Cash Flows
Intel Corporation
INTC (NASDAQ)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
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Two-Stage Excess Return Model

Used to estimate the value of companies based on two stages of growth. An initial period of high growth, represented by [Sum of discounted excess returns in Growth Stage], followed by a period of stable growth, represented by [Discounted excess return in terminal stage]. Excess Return models are better suited to calculate the intrinsic value of a financial company than an enterprise valuation model (such as the Discounted Free Cash Flow Model).

Read more: GitHub Documentation

Interactive Assumptions

Results

Estimated Value 38.85 USD
Book value of equity invested 22.97 USD
Sum of discounted excess returns in Growth Stage 3.17 USD
Terminal stage EPS 3.64 USD
Terminal stage Book Value 29.64 USD
Terminal stage Equity Cost 2.69 USD
Discounted excess return in terminal stage 12.71 USD
Excess Returns in the Terminal Stage 19.62 USD
Terminal Cost of Equity (the discount rate) 9.08%
Terminal year's excess return 0.946 USD
Average historical Return on Equity 12.27%
Average historical Payout Ratio 49.68%
Payout Ratio in stable stage 65.28%
Yield of the U.S. 10 Year Treasury Bond 4.26%

Historical and Forecasted Data

In USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 LTM 2025 2026 2027 2028 2029
Beginning Book Value 25.2 23.19 23.19 24.54 25.86 27.16 28.43
Ending Book Value 23.19 22.97 24.54 25.86 27.16 28.43 29.64
EPS -4.38 -4.48 2.85 3.01 3.17 3.33 3.49
Return on Equity -17.76% -19.34% 12.27% 12.27% 12.27% 12.27% 12.27%
Dividend per Share
0.5 1.5 1.68 1.87 2.07 2.28
Payout Ratio 52.8% -11.16% 52.8% 55.92% 59.04% 62.16% 65.28%
Retained Earnings
-4.98 1.34 1.33 1.3 1.26 1.21
Equity Cost 2.29 2.11 2.11 2.23 2.35 2.47 2.58
Cost of Equity 9.08% 9.08% 9.08% 9.08% 9.08% 9.08% 9.08%
Excess Return -6.67 -6.58 0.74 0.783 0.825 0.867 0.907
Discounted Excess Return
0.679 0.658 0.636 0.612 0.587

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Net Income 7,814 -19,196 -18,756 1,689 8,014 19,868 20,899 21,048 21,053 9,601 10,316 11,420
Total Stockholders Equity 84,624 99,756 99,270 105,590 101,423 95,391 81,038 77,504 74,563 69,019 66,226 61,085
Return on Equity 12.27% -19.34% -17.76% 1.67% 8.4% 24.52% 26.97% 28.23% 30.5% 14.5% 16.89% 20.44%
Dividends Paid to Common Shareholders 4,810 2,172
3,101 5,998 5,642 5,543 5,565 5,533 5,077 4,919 4,552
Payout Ratio 49.96% -11.16% 52.8% 185% 74.87% 28.43% 26.51% 26.42% 26.26% 52.94% 47.71% 39.83%
Shares Outstanding 4,398 4,343 4,280 4,190 4,108 4,059 4,199 4,417 4,611 4,701 4,730 4,742
Earnings per Share 1.76 -4.48 -4.38 0.4 1.95 4.89 4.98 4.77 4.57 2.04 2.18 2.41
Dividend per Share 1.1 0.5
0.74 1.46 1.39 1.32 1.26 1.2 1.08 1.04 0.96
Dividend Growth Rate 0.082%
-49.32% 5.04% 5.3% 4.76% 5% 11.11% 3.85% 8.33% 6.67%
Book Value 19.47 22.97 23.19 25.2 24.69 23.5 19.3 17.55 16.17 14.68 14.0 12.88
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Discounting Cash Flows

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