HP Inc. (HPQ) – Is redesigning PC a value to avoid in the era of AI?

HP Inc. (HPQ) Equity Report (Q3FY23)

Stock performance: HP Inc. stock price showed a downward trend in the past 3-month period and gave (17%) return. The stock price declined by 11% in the past 1-year. The stock has a 52-week high of $33.90 and a 52-week low of $25.22.

Quarter Performance: In Q3FY23, revenue decreased 10% to $13.19bn as compared to $14.64bn in Q3FY22. In the nine-month period, revenue fell 17% to $39.9bn as compared to $48.13bn in the prior period. The decrease in net revenue was primarily driven by demand softness and lower ASPs in both Personal Systems and Printing as well as foreign currency impacts.

Management Guidance: For FY23, HPQ estimates NON-GAAP EPS to be in the range of $3.23 to $3.35.

Highlights

The company’s management will run a cost-cutting initiative to streamline the company. This includes digitizing the company’s end-to-end processes, optimizing inventory, and lowering fixed costs.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– PE Band Comparison
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Developments

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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