Financials Texas Instruments Incorporated

Equities

TXN

US8825081040

Semiconductors

Market Closed - Nasdaq 21:00:00 24/06/2024 BST 5-day change 1st Jan Change
193.8 USD -0.87% Intraday chart for Texas Instruments Incorporated -0.55% +13.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 119,922 150,662 174,057 149,949 154,812 176,552 - -
Enterprise Value (EV) 1 120,338 150,892 172,059 149,617 157,460 181,410 181,750 181,995
P/E ratio 24.5 x 27.5 x 22.8 x 17.6 x 24.1 x 37.7 x 30.5 x 26.1 x
Yield 2.5% 2.27% 2.23% 2.84% 2.94% 2.71% 2.84% 2.99%
Capitalization / Revenue 8.34 x 10.4 x 9.49 x 7.49 x 8.84 x 11.2 x 9.83 x 8.84 x
EV / Revenue 8.37 x 10.4 x 9.38 x 7.47 x 8.99 x 11.5 x 10.1 x 9.12 x
EV / EBITDA 17.9 x 22.1 x 17.5 x 13.5 x 18.5 x 25.6 x 20 x 17.5 x
EV / FCF 20.7 x 27.5 x 27.3 x 25.3 x 117 x 90.4 x 43.8 x 35.6 x
FCF Yield 4.82% 3.64% 3.66% 3.96% 0.86% 1.11% 2.29% 2.81%
Price to Book 13.4 x 16.4 x 13.1 x 17.7 x 9.17 x 10.1 x 9.25 x 8.53 x
Nbr of stocks (in thousands) 934,775 917,942 923,526 907,572 908,204 910,482 - -
Reference price 2 128.3 164.1 188.5 165.2 170.5 193.9 193.9 193.9
Announcement Date 22/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 14,383 14,461 18,344 20,028 17,519 15,770 17,968 19,964
EBITDA 1 6,719 6,825 9,857 11,065 8,506 7,095 9,077 10,424
EBIT 1 5,723 5,894 8,960 10,140 7,331 5,490 6,889 8,111
Operating Margin 39.79% 40.76% 48.84% 50.63% 41.85% 34.81% 38.34% 40.63%
Earnings before Tax (EBT) 1 5,728 6,017 8,919 10,032 7,418 5,412 6,693 7,793
Net income 1 5,017 5,595 7,769 8,749 6,510 4,700 5,852 6,815
Net margin 34.88% 38.69% 42.35% 43.68% 37.16% 29.8% 32.57% 34.14%
EPS 2 5.240 5.970 8.260 9.410 7.070 5.141 6.355 7.422
Free Cash Flow 1 5,802 5,490 6,294 5,923 1,349 2,007 4,154 5,110
FCF margin 40.34% 37.96% 34.31% 29.57% 7.7% 12.73% 23.12% 25.6%
FCF Conversion (EBITDA) 86.35% 80.44% 63.85% 53.53% 15.86% 28.29% 45.76% 49.02%
FCF Conversion (Net income) 115.65% 98.12% 81.01% 67.7% 20.72% 42.71% 70.98% 74.98%
Dividend per Share 2 3.210 3.720 4.210 4.690 5.020 5.254 5.509 5.807
Announcement Date 22/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,832 4,905 5,212 5,241 4,670 4,379 4,531 4,532 4,077 3,661 3,810 4,115 4,170 4,154 4,425
EBITDA 1 2,703 2,763 2,950 2,927 2,425 2,199 2,257 2,195 1,855 1,648 1,617 1,897 1,962 1,937 2,158
EBIT 1 2,503 2,563 2,723 2,678 2,176 1,934 1,972 1,892 1,533 1,286 1,222 1,446 1,502 1,472 1,653
Operating Margin 51.8% 52.25% 52.24% 51.1% 46.6% 44.17% 43.52% 41.75% 37.6% 35.13% 32.07% 35.14% 36.01% 35.43% 37.36%
Earnings before Tax (EBT) 1 2,463 2,526 2,681 2,658 2,167 1,946 2,002 1,922 1,548 1,293 1,223 1,447 1,510 1,474 1,624
Net income 1 2,138 2,201 2,291 2,295 1,962 1,708 1,722 1,709 1,371 1,105 1,062 1,251 1,290 1,278 1,436
Net margin 44.25% 44.87% 43.96% 43.79% 42.01% 39% 38% 37.71% 33.63% 30.18% 27.88% 30.41% 30.94% 30.76% 32.45%
EPS 2 2.270 2.350 2.450 2.470 2.130 1.850 1.870 1.850 1.490 1.200 1.159 1.362 1.404 1.374 1.543
Dividend per Share 2 1.150 1.150 1.150 1.150 1.240 1.240 1.240 1.240 1.300 1.300 1.299 1.299 1.362 1.365 1.365
Announcement Date 25/01/22 26/04/22 26/07/22 25/10/22 24/01/23 25/04/23 25/07/23 24/10/23 23/01/24 23/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 416 230 - - 2,648 4,859 5,199 5,443
Net Cash position 1 - - 1,998 332 - - - -
Leverage (Debt/EBITDA) 0.0619 x 0.0337 x - - 0.3113 x 0.6848 x 0.5727 x 0.5222 x
Free Cash Flow 1 5,802 5,490 6,294 5,923 1,349 2,007 4,154 5,110
ROE (net income / shareholders' equity) 56.1% 61.8% 69% 62.7% 41.4% 27.4% 32.8% 32.5%
ROA (Net income/ Total Assets) 28.5% 29.9% 35.3% 33.7% 21.9% 14.7% 17.9% 17.9%
Assets 1 17,578 18,684 22,013 25,941 29,778 31,970 32,741 38,051
Book Value Per Share 2 9.560 9.990 14.40 9.310 18.60 19.30 21.00 22.70
Cash Flow per Share 2 6.980 6.580 9.350 9.420 7.010 7.310 9.090 9.760
Capex 1 847 649 2,462 2,797 5,071 5,013 4,988 5,090
Capex / Sales 5.89% 4.49% 13.42% 13.97% 28.95% 31.79% 27.76% 25.49%
Announcement Date 22/01/20 26/01/21 25/01/22 24/01/23 23/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
34
Last Close Price
193.9 USD
Average target price
180.5 USD
Spread / Average Target
-6.91%
Consensus
  1. Stock Market
  2. Equities
  3. TXN Stock
  4. Financials Texas Instruments Incorporated