Financials NXP Semiconductors N.V.

Equities

NXPI

NL0009538784

Semiconductors

Real-time Estimate Cboe BZX Other stock markets 03:18:49 2024-05-17 pm EDT			5-day change	1st Jan Change
268 ^USD	-0.61%		+2.30%	+16.58%

May. 15	TSMC On Track to Begin Construction of First European Plant in Q4	MT
May. 15	Cantor Fitzgerald Adjusts Price Target on NXP Semiconductors to $325 From $290	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	35,573	44,483	60,574	40,951	59,203	64,177	-	-
Enterprise Value (EV) ¹	41,893	49,817	68,316	48,271	66,516	70,424	69,245	68,050
P/E ratio	150 x	883 x	33.5 x	15 x	21.5 x	24 x	20.7 x	18.2 x
Yield	0.98%	0.94%	0.99%	2.14%	1.77%	1.57%	1.74%	1.88%
Capitalization / Revenue	4.01 x	5.17 x	5.48 x	3.1 x	4.46 x	4.9 x	4.49 x	4.24 x
EV / Revenue	4.72 x	5.78 x	6.18 x	3.66 x	5.01 x	5.38 x	4.85 x	4.5 x
EV / EBITDA	13.5 x	17.8 x	16.1 x	8.83 x	12.3 x	13.9 x	12.4 x	11.2 x
EV / FCF	22.4 x	23.8 x	29.6 x	17 x	24.8 x	22.2 x	19.7 x	18.6 x
FCF Yield	4.46%	4.2%	3.38%	5.87%	4.04%	4.51%	5.08%	5.39%
Price to Book	3.85 x	5.15 x	9.24 x	5.6 x	6.94 x	7.28 x	6.18 x	5.7 x
Nbr of stocks (in thousands)	279,527	279,750	265,933	259,135	257,763	238,035	-	-
Reference price ²	127.3	159.0	227.8	158.0	229.7	269.6	269.6	269.6
Announcement Date	2/3/20	2/1/21	1/31/22	1/30/23	2/5/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	8,877	8,612	11,063	13,205	13,276	13,091	14,279	15,124
EBITDA ¹	3,100	2,792	4,232	5,469	5,410	5,082	5,591	6,083
EBIT ¹	2,573	2,228	3,641	4,791	4,662	4,618	5,185	5,672
Operating Margin	28.99%	25.87%	32.91%	36.28%	35.12%	35.28%	36.31%	37.5%
Earnings before Tax (EBT) ¹	291	1	2,180	3,363	3,352	3,498	3,914	4,312
Net income ¹	243	52	1,871	2,787	2,797	2,890	3,286	3,734
Net margin	2.74%	0.6%	16.91%	21.11%	21.07%	22.07%	23.01%	24.69%
EPS ²	0.8500	0.1800	6.790	10.55	10.70	11.22	13.04	14.83
Free Cash Flow ¹	1,870	2,090	2,310	2,832	2,687	3,175	3,520	3,667
FCF margin	21.07%	24.27%	20.88%	21.45%	20.24%	24.26%	24.65%	24.25%
FCF Conversion (EBITDA)	60.32%	74.86%	54.58%	51.78%	49.67%	62.48%	62.95%	60.29%
FCF Conversion (Net income)	769.55%	4,019.23%	123.46%	101.61%	96.07%	109.89%	107.11%	98.22%
Dividend per Share ²	1.250	1.500	2.250	3.380	4.056	4.239	4.685	5.080
Announcement Date	2/3/20	2/1/21	1/31/22	1/30/23	2/5/24	-	-	-

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	3,039	3,136	3,312	3,445	3,312	3,121	3,299	3,434	3,422	3,126	3,125	3,343	3,503	3,374	3,510
EBITDA ¹	1,215	1,279	1,361	1,444	1,385	1,267	1,341	1,391	1,411	1,252	1,224	1,345	1,427	1,403	1,445
EBIT ¹	1,060	1,119	1,193	1,271	1,208	1,085	1,155	1,203	1,219	1,080	1,063	1,191	1,284	1,199	1,238
Operating Margin	34.88%	35.68%	36.02%	36.89%	36.47%	34.76%	35.01%	35.03%	35.62%	34.55%	34.02%	35.62%	36.66%	35.54%	35.26%
Earnings before Tax (EBT) ¹	684	768	815	903	877	743	863	917	829	786	807	947.7	1,009	880.4	910.8
Net income ¹	602	657	670	738	722	615	698	787	697	639	648.7	772	838.9	747.2	780.5
Net margin	19.81%	20.95%	20.23%	21.42%	21.8%	19.71%	21.16%	22.92%	20.37%	20.44%	20.76%	23.09%	23.95%	22.15%	22.23%
EPS ²	2.240	2.480	2.530	2.790	2.760	2.350	2.670	3.010	2.680	2.470	2.526	2.999	3.280	2.957	3.109
Dividend per Share ²	0.5625	0.8450	0.8450	0.8450	0.8450	1.014	-	1.014	1.014	-	1.083	1.083	1.083	1.139	1.193
Announcement Date	1/31/22	5/3/22	7/25/22	10/31/22	1/30/23	5/1/23	7/24/23	11/6/23	2/5/24	4/29/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	6,320	5,334	7,742	7,320	7,313	6,247	5,068	3,873
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	2.039 x	1.91 x	1.829 x	1.338 x	1.352 x	1.229 x	0.9066 x	0.6368 x
Free Cash Flow ¹	1,870	2,090	2,310	2,832	2,687	3,175	3,520	3,667
ROE (net income / shareholders' equity)	21.6%	18.9%	38.4%	54.4%	45.5%	36.2%	38.2%	36.8%
ROA (Net income/ Total Assets)	10.4%	8.73%	14.6%	17.2%	15.4%	13.3%	14.3%	15.7%
Assets ¹	2,338	595.7	12,836	16,168	18,179	21,799	22,934	23,769
Book Value Per Share ²	33.10	30.90	24.60	28.20	33.10	37.00	43.60	47.30
Cash Flow per Share ²	8.300	8.750	11.20	14.80	13.40	16.10	19.00	21.50
Capex ¹	526	392	767	1,063	827	896	1,007	1,116
Capex / Sales	5.93%	4.55%	6.93%	8.05%	6.23%	6.85%	7.05%	7.38%
Announcement Date	2/3/20	2/1/21	1/31/22	1/30/23	2/5/24	-	-	-

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

Ratings for NXP Semiconductors N.V.

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

269.6 USD

Average target price

276.9 USD

Spread / Average Target

+2.69%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Semiconductors

	1st Jan change	Capi.
NXP SEMICONDUCTORS N.V.	+17.39%	64.18B
NVIDIA CORPORATION	+90.51%	2,321B
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED	+41.82%	678B
BROADCOM INC.	+26.53%	654B
AMD (ADVANCED MICRO DEVICES)	+10.35%	263B
QUALCOMM, INC.	+33.60%	216B
TEXAS INSTRUMENTS INCORPORATED	+14.40%	178B
MICRON TECHNOLOGY, INC.	+49.85%	142B
INTEL CORPORATION	-36.24%	136B
ARM HOLDINGS PLC	+52.00%	119B

Other Semiconductors