The document discusses Intel's valuation and potential risks as of November 21, 2013. It highlights that Intel trades near its historical low points on P/S and P/E multiples, with potential upside as growth accelerates in the second half of 2014. The price target is based on an EV/S ratio of 2.3x the 2014 revenue estimate and a P/E basis of 12x the 2014 EPS. Risks include slower PC unit growth, market share losses to AMD, declining NB growth, and regulatory actions.
doj/DataSet10/EFTA01446641.pdf
{"title":"Intel Valuation & Risks","document_date":"2013-11-21","document_type":"other","key_organizations":["Intel","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0100920","SDNY_GM_00247104","EFTA01446641"]}