Company Valuation: Texas Instruments Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 174,057 149,949 154,812 171,050 157,637 179,780 - -
Change - -13.85% 3.24% 10.49% -7.84% 14.05% - -
Enterprise Value (EV) 1 172,059 149,617 157,460 177,066 166,804 188,526 187,887 188,377
Change - -13.04% 5.24% 12.45% -5.8% 13.02% -0.34% 0.26%
P/E ratio 22.8x 17.6x 24.1x 36.1x 31.8x 30.8x 25.7x 22x
PBR 13.1x 17.7x 9.17x 10.1x 9.67x 11x 11x 10.2x
PEG - 1.3x -1x -1.4x 6.61x 1.7x 1.3x 1.3x
Capitalization / Revenue 9.49x 7.49x 8.84x 10.9x 8.92x 9.18x 8.32x 7.46x
EV / Revenue 9.38x 7.47x 8.99x 11.3x 9.43x 9.63x 8.7x 7.82x
EV / EBITDA 17.5x 13.5x 18.5x 25.4x 20.8x 19.9x 17.3x 15.4x
EV / EBIT 19.2x 14.8x 21.5x 32.4x 27.7x 26.4x 22.5x 18.9x
EV / FCF 27.3x 25.3x 117x 118x 64.1x 29.1x 24.5x 22.9x
FCF Yield 3.66% 3.96% 0.86% 0.85% 1.56% 3.43% 4.08% 4.37%
Dividend per Share 2 4.21 4.69 5.02 5.26 5.5 5.726 5.954 6.243
Rate of return 2.23% 2.84% 2.94% 2.81% 3.17% 2.9% 3.02% 3.16%
EPS 2 8.26 9.41 7.07 5.2 5.45 6.419 7.681 8.988
Distribution rate 51% 49.8% 71% 101% 101% 89.2% 77.5% 69.5%
Net sales 1 18,344 20,028 17,519 15,641 17,682 19,585 21,605 24,102
EBITDA 1 9,857 11,065 8,506 6,973 8,022 9,468 10,841 12,259
EBIT 1 8,960 10,140 7,331 5,465 6,023 7,152 8,366 9,973
Net income 1 7,769 8,749 6,510 4,799 5,001 5,837 6,947 8,123
Net Debt 1 -1,998 -332 2,648 6,016 9,167 8,746 8,107 8,597
Reference price 2 188.47 165.22 170.46 187.51 173.49 197.46 197.46 197.46
Nbr of stocks (in thousands) 923,526 907,572 908,204 912,217 908,623 910,463 - -
Announcement Date 25/01/22 24/01/23 23/01/24 23/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
30.76x9.63x19.91x2.9% 180B
22.79x11.71x17.38x0.02% 4,489B
40.42x15.7x23.2x0.76% 1,622B
11.97x5.6x8.08x0.12% 454B
5.24x2.48x3.14x0.32% 442B
45.47x6.87x29.07x-.--% 331B
-303.2x4.63x15.27x-.--% 234B
37.72x11.4x18.7x1.34% 156B
15.6x3.39x9.62x2.66% 144B
130.38x25.39x53.51x0% 128B
Average 3.72x 9.68x 19.79x 0.81% 817.98B
Weighted average by Cap. 18.36x 11.28x 18.17x 0.32%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Texas Instruments Incorporated
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