Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Hewlett Packard Enterprise Co
Physical assets are 18.3% of total assets, a light footprint. Capex is 0.84x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 4.55x.
Physical asset ratio
18.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
4.55x
Revenue per dollar of the physical asset base.
Capex / D&A
0.84x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-€4.08
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price €50.40.
Fixed-charge coverage
—
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.9%
Latest free cash flow divided by current market cap (€70.14B).
ROIC
—
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.22x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 7.9% | 16.02x | 1.15x | €2.07 | 0.33x | €8.00M | 3.6% | 0.54x |
| 2019 | 8.4% | 14.79x | 1.13x | -€1.77 | 0.57x | €1.14B | 7.0% | 1.43x |
| 2020 | 15.4% | 4.80x | 0.91x | -€2.35 | 0.44x | -€143.00M | — | 0.27x |
| 2021 | 17.5% | 4.95x | 0.96x | €0.53 | 1.03x | €3.37B | 7.1% | 0.39x |
| 2022 | 19.2% | 4.93x | 1.26x | €1.38 | 0.32x | €1.47B | 7.6% | 0.37x |
| 2023 | 18.5% | 4.86x | 1.08x | €2.02 | 0.44x | €1.60B | 7.7% | 0.42x |
| 2024 | 20.9% | 4.26x | 0.92x | €4.84 | 0.55x | €1.97B | 7.7% | 0.35x |
| 2025 | 18.3% | 4.55x | 0.84x | -€4.08 | — | €627.00M | — | 0.22x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: €7.54B
Inventory: €6.35B
Total assets: €75.91B
Goodwill: €23.77B
Intangibles: €6.37B
Liabilities: €51.15B
Tangible book: -€5.38B
Shares: 1,318,292,428
Revenue: €34.30B
Capex: €2.29B
D&A: €2.74B
EBITDA: €4.38B
Interest: —
Short-term debt: €4.61B
Free cash flow: €627.00M
Operating income: €1.64B
Invested capital: €41.28B
Tax rate: —