Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

Intel Corp., current enterprise value calculation

Microsoft Excel
Current share price (P) $42.71
No. shares of common stock outstanding 4,228,000,000
US$ in millions
Common equity (market value)1 180,578
Add: Preferred stock, $0.001 par value; none issued (per books)
Add: Non-controlling interests (per books) 4,375
Total equity 184,953
Add: Short-term debt (per books) 2,288
Add: Long-term debt (per books) 46,978
Total equity and debt 234,219
Less: Cash and cash equivalents 7,079
Less: Short-term investments 17,955
Enterprise value (EV) 209,185

Based on: 10-K (reporting date: 2023-12-30).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 42.71 × 4,228,000,000


Historical Enterprise Value (EV)

Intel Corp., EV calculation

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Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Share price1, 2 $43.65 $28.16 $48.05 $56.66 $68.47
No. shares of common stock outstanding1 4,228,000,000 4,137,000,000 4,072,000,000 4,063,000,000 4,277,000,000
US$ in millions
Common equity (market value)3 184,552 116,498 195,660 230,210 292,846
Add: Preferred stock, $0.001 par value; none issued (book value)
Add: Non-controlling interests (book value) 4,375 1,863
Total equity 188,927 118,361 195,660 230,210 292,846
Add: Short-term debt (book value) 2,288 4,367 4,591 2,504 3,693
Add: Long-term debt (book value) 46,978 37,684 33,510 33,897 25,308
Total equity and debt 238,193 160,412 233,761 266,611 321,847
Less: Cash and cash equivalents 7,079 11,144 4,827 5,865 4,194
Less: Short-term investments 17,955 17,194 23,586 18,030 8,929
Enterprise value (EV) 213,159 132,074 205,348 242,716 308,724

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Intel Corp. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 43.65 × 4,228,000,000

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Intel Corp. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.