TakeoverPE & activists

HPQHP INC

Computer & Office Equipment · $26.0B market cap · 55,000 employees

0.3×

Less likely than average to be taken private

Top 43% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

0of 15 firedHow well they predict deals →

No signals fired.

15 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    146% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    1% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    52% of cash flow
    Buybacks + dividends over cash flow
  • Goodwill-heavyNo
    19% of assets
    Over 40% of assets
  • Shareholder dissentNo
    100% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $1M · 86th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    6.9 per 10K words · 87th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    1.5× EBITDA net debt
    More cash than debt, positive EBITDA
  • Buyout-sizedNo
    $26.0B market cap
    Market cap $500M–$5B
  • Recurring revenueNo
    4 of 10
    10-K business scored 7+ of 10 for recurring revenue
  • AI-rollup shapedNo
    0 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months
  • Net insider sellingNo
    −$7M net
    Net sales over $10M in 12 months

Deal filings

FiledFormAcquirerPricePremium
Mar 31, 2020SC TO-T/AXerox Holdings Corp——
Mar 2, 2020SC TO-TXerox Holdings Corp——

Key numbers

Revenue
$55.3BFY2021: $63.5BFY2022: $62.9BFY2023: $53.7BFY2024: $53.6BFY2025: $55.3B
3.2% YoY
Operating margin
5.7%FY2021: 8.4%FY2022: 7.2%FY2023: 6.4%FY2024: 7.1%FY2025: 5.7%
19% YoY
EBITDA
$4.1BFY2021: $6.1BFY2022: $5.3BFY2023: $4.3BFY2024: $4.6BFY2025: $4.1B
12% YoY
Net debt / EBITDA
1.5×
$6.1B net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$63.5B$62.9B$53.7B$53.6B$55.3B 3.2% FY2021: $63.5BFY2022: $62.9BFY2023: $53.7BFY2024: $53.6BFY2025: $55.3B
Operating income$5.4B$4.6B$3.5B$3.8B$3.2B 17% FY2021: $5.4BFY2022: $4.6BFY2023: $3.5BFY2024: $3.8BFY2025: $3.2B
Net income$6.5B$3.1B$3.3B$2.8B$2.5B 8.9% FY2021: $6.5BFY2022: $3.1BFY2023: $3.3BFY2024: $2.8BFY2025: $2.5B
Operating cash flow$6.4B$4.5B$3.6B$3.7B$3.7B 1.4% FY2021: $6.4BFY2022: $4.5BFY2023: $3.6BFY2024: $3.7BFY2025: $3.7B
Capex$582M$765M$593M$592M$897M 52% FY2021: $582MFY2022: $765MFY2023: $593MFY2024: $592MFY2025: $897M
Stock-based comp$330M$343M$438M$452M$522M 15% FY2021: $330MFY2022: $343MFY2023: $438MFY2024: $452MFY2025: $522M
Buybacks$6.2B$4.3B$100M$2.1B$850M 60% FY2021: $6.2BFY2022: $4.3BFY2023: $100MFY2024: $2.1BFY2025: $850M
Dividends$938M$1.0B$1.0B$1.1B$1.1B 1.2% FY2021: $938MFY2022: $1.0BFY2023: $1.0BFY2024: $1.1BFY2025: $1.1B

13D filers

None on file.

Insider trading

−$7Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $7M · 11 trades

Pay vs performance

No pay-versus-performance disclosure yet.