Intel Corporation Stock Intrinsic Value – INTEL CORPORATION Reports Q2 Earnings for FY2023, Ending June 30 2023
August 8, 2023
🌥️Earnings Overview
On July 27 2023, INTEL CORPORATION ($NASDAQ:INTC) reported their financial results for the second quarter of FY2023, ending June 30 2023. Compared to the same period last year, total revenue decreased by 15.5% to USD 12949.0 million while net income was USD 1481.0 million – a significant improvement from the -454.0 million seen in the prior year.
Share Price
The stock opened at $34.8 and closed at $34.6, which was up by 0.6% from its last closing price of $34.4. The slight increase in stock price is a result of the company’s impressive earnings report. According to the report, INTEL CORPORATION experienced positive growth in both earnings and revenue for the quarter. INTEL CORPORATION’s performance in the second quarter was driven by strong demand for its products, such as its processors and storage solutions.
The company is also looking to expand its presence in the server market, which could give it a significant boost in revenue in the future. Overall, INTEL CORPORATION’s second quarter was a successful one and investors have responded positively to its performance. The company is well-positioned to continue its growth over the next few quarters and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intel Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 54.04k | -922 | -0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intel Corporation. More…
| Operations | Investing | Financing |
| 9.76k | -19.39k | 13.59k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intel Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 185.63k | 81.16k | 24.12 |
Key Ratios Snapshot
Some of the financial key ratios for Intel Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.9% | -52.9% | -4.2% |
| FCF Margin | ROE | ROA |
| -31.0% | -1.4% | -0.8% |
Analysis – Intel Corporation Stock Intrinsic Value
At GoodWhale, we conducted an analysis of INTEL CORPORATION‘s financials and came to the conclusion that the fair value of their share is around $28.9. This number was calculated using our proprietary Valuation Line. Currently, the stock of INTEL CORPORATION is traded at $34.6, which makes it a fair price that is overvalued by 19.6%. We can conclude from this analysis that the current market price is higher than the intrinsic value of the stock. More…
Peers
With the ever-growing competition in the world of technology, it is no surprise that there is a constant battle between the top companies in the industry. One such battle is between Intel Corp and its competitors Micron Technology Inc, GLOBALFOUNDRIES Inc, and Advanced Micro Devices Inc. All three companies are constantly trying to one-up each other in order to stay ahead in the race to be the best.
– Micron Technology Inc ($NASDAQ:MU)
The company’s market cap as of 2022 is 58.16B. The company’s ROE is 12.3%. The company is a leading provider of semiconductor solutions. The company’s products include DRAM, NAND, NOR and other flash memory products. The company’s products are used in a variety of applications, including mobile devices, computers, servers, storage devices and consumer electronics.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
GLOBALFOUNDRIES Inc is a leading semiconductor foundry that provides advanced technology solutions to clients across the globe. The company has a market cap of 26.85B as of 2022 and a ROE of 5.09%. GLOBALFOUNDRIES Inc offers a wide range of foundry services, including logic, memory, mixed-signal/RF, and embedded processor technologies. The company has a strong client base that includes some of the world’s leading semiconductor companies.
– Advanced Micro Devices Inc ($NASDAQ:AMD)
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company based in Santa Clara, California, that develops computer processors and related technologies for business and consumer markets. Its main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations and personal computers, and embedded systems applications.
As of 2022, AMD has a market capitalization of $93.57 billion and a return on equity of 4.13%. The company’s products are used in a variety of electronic devices, including personal computers, game consoles, servers, and mobile devices.
Summary
Intel Corporation reported their second quarter FY2023 results on July 27 2023, showing revenue decreased 15.5% to USD 12949.0 million compared to the prior year period. Net income however, was up significantly to USD 1481.0 million compared to the negative -454.0 million of the prior year. Investors may be encouraged by the turnaround in profitability, but there is still cause for concern as the top line has declined and Intel will need to focus on growing revenue in order to see further upside. Intel’s competitive advantage lies in its large portfolio of products and services, so further innovation and expansion into new markets could provide a long-term boost for the company.
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