Company Valuation: Texas Instruments Incorporated

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 174,057 149,949 154,812 171,050 157,637 271,726 - -
Change - -13.85% 3.24% 10.49% -7.84% 72.37% - -
Enterprise Value (EV) 1 172,059 149,617 157,460 177,066 166,804 279,346 279,296 276,037
Change - -13.04% 5.24% 12.45% -5.8% 67.47% -0.02% -1.17%
P/E 22.8x 17.6x 24.1x 36.1x 31.8x 38.8x 33.4x 30.1x
PBR 13.1x 17.7x 9.17x 10.1x 9.67x 14.8x 14.3x 14.1x
PEG - 1.3x -1x -1.4x 6.61x 0.9x 2.1x 2.7x
Capitalization / Revenue 9.49x 7.49x 8.84x 10.9x 8.92x 12.9x 11.6x 10.6x
EV / Revenue 9.38x 7.47x 8.99x 11.3x 9.43x 13.3x 11.9x 10.8x
EV / EBITDA 17.5x 13.5x 18.5x 25.4x 20.8x 25.5x 22.1x 20.1x
EV / EBIT 19.2x 14.8x 21.5x 32.4x 27.7x 32.9x 28.3x 24.4x
EV / FCF 27.3x 25.3x 117x 118x 64.1x 37.8x 32.5x 28.4x
FCF Yield 3.66% 3.96% 0.86% 0.85% 1.56% 2.65% 3.07% 3.52%
Dividend per Share 2 4.21 4.69 5.02 5.26 5.5 5.756 6.024 6.357
Rate of return 2.23% 2.84% 2.94% 2.81% 3.17% 1.93% 2.02% 2.13%
EPS 2 8.26 9.41 7.07 5.2 5.45 7.69 8.941 9.931
Distribution rate 51% 49.8% 71% 101% 101% 74.8% 67.4% 64%
Net sales 1 18,344 20,028 17,519 15,641 17,682 21,016 23,421 25,543
EBITDA 1 9,857 11,065 8,506 6,973 8,022 10,955 12,665 13,714
EBIT 1 8,960 10,140 7,331 5,465 6,023 8,479 9,856 11,304
Net income 1 7,769 8,749 6,510 4,799 5,001 7,041 8,160 9,252
Net Debt 1 -1,998 -332 2,648 6,016 9,167 7,620 7,570 4,311
Reference price 2 188.47 165.22 170.46 187.51 173.49 298.57 298.57 298.57
Nbr of stocks (in thousands) 923,526 907,572 908,204 912,217 908,623 910,093 - -
Announcement Date 1/25/22 A 1/24/23 A 1/23/24 A 1/23/25 A 1/27/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.55x13.86x26.57x1.85% 283B
22.38x12.6x18.69x0.36% 5,110B
24.17x11.5x15.53x1.06% 1,951B
44.09x18.18x26.76x0.65% 1,903B
13.47x8.2x9.93x0.05% 1,106B
6.73x3.98x4.78x0.26% 1,058B
103.09x18.1x67.71x-.--% 910B
-295.83x9.73x28.95x-.--% 552B
266.98x57.15x120.98x-.--% 345B
7.84x4.07x4.95x1.24% 261B
Average 23.35x 15.74x 32.49x 0.55% 1,348B
Weighted average by Cap. 22.53x 13.45x 23.81x 0.47%

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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