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 1,74,057 1,49,949 1,54,812 1,71,050 1,57,637 2,58,530 - -
Change - -13.85% 3.24% 10.49% -7.84% 64% - -
Enterprise Value (EV) 1 1,72,059 1,49,617 1,57,460 1,77,066 1,66,804 2,66,192 2,66,041 2,62,841
Change - -13.04% 5.24% 12.45% -5.8% 59.58% -0.06% -1.2%
P/E 22.8x 17.6x 24.1x 36.1x 31.8x 36.5x 31.5x 27.9x
PBR 13.1x 17.7x 9.17x 10.1x 9.67x 14x 13.1x 12.2x
PEG - 1.3x -1x -1.4x 6.61x 0.9x 2x 2.2x
Capitalization / Revenue 9.49x 7.49x 8.84x 10.9x 8.92x 12.2x 11x 10.1x
EV / Revenue 9.38x 7.47x 8.99x 11.3x 9.43x 12.6x 11.3x 10.2x
EV / EBITDA 17.5x 13.5x 18.5x 25.4x 20.8x 24.4x 20.7x 18.8x
EV / EBIT 19.2x 14.8x 21.5x 32.4x 27.7x 31.2x 26.6x 22.9x
EV / FCF 27.3x 25.3x 117x 118x 64.1x 36x 30x 26x
FCF Yield 3.66% 3.96% 0.86% 0.85% 1.56% 2.78% 3.33% 3.85%
Dividend per Share 2 4.21 4.69 5.02 5.26 5.5 5.752 6.006 6.324
Rate of return 2.23% 2.84% 2.94% 2.81% 3.17% 2.02% 2.11% 2.23%
EPS 2 8.26 9.41 7.07 5.2 5.45 7.781 9.011 10.16
Distribution rate 51% 49.8% 71% 101% 101% 73.9% 66.7% 62.2%
Net sales 1 18,344 20,028 17,519 15,641 17,682 21,130 23,608 25,664
EBITDA 1 9,857 11,065 8,506 6,973 8,022 10,929 12,856 13,975
EBIT 1 8,960 10,140 7,331 5,465 6,023 8,523 10,010 11,486
Net income 1 7,769 8,749 6,510 4,799 5,001 7,127 8,312 9,450
Net Debt 1 -1,998 -332 2,648 6,016 9,167 7,662 7,510 4,311
Reference price 2 188.47 165.22 170.46 187.51 173.49 284.07 284.07 284.07
Nbr of stocks (in thousands) 9,23,526 9,07,572 9,08,204 9,12,217 9,08,623 9,10,093 - -
Announcement Date 25/01/22 24/01/23 23/01/24 23/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
36.51x12.6x24.36x2.02% 26TCr
21.51x12.11x17.96x0.37% 4,92400Cr
21.89x10.68x14.47x1.17% 1,86200Cr
41.75x17.2x25.32x0.69% 1,79900Cr
11.9x7.2x8.71x0.06% 98TCr
5.45x3.12x3.75x0.32% 87TCr
93.23x16.27x60.95x-.--% 82TCr
-254.38x8.61x25.64x-.--% 49TCr
222.75x47.52x100.76x-.--% 29TCr
39.27x12.53x21.91x1.15% 18TCr
Average 23.99x 14.78x 30.38x 0.58% 1,24700Cr
Weighted average by Cap. 21.76x 12.59x 22.02x 0.51%

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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