Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Hewlett Packard Enterprise

HPE stock analysis · Information Technology · Technology Hardware, Storage & Peripherals

FY 2025-10-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$45.11HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$59.7B

Price × SEC outstanding shares. Shares measured 2026-05-26. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$7.19

Equity cash-flow scenario · SEC outstanding shares at 2026-05-26 · -84.1% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

56.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

Requires market caps for at least five comparable profitable issuers.

Requires market caps for at least five comparable profitable issuers.

How this is calculated ↗
Valuation

Historical multiples

10.9×

4 annual observations

How this is calculated ↗
Valuation

Free cash flow yield

1.0%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

-0.9%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

Requires three valuation yields and at least five covered sector peers.

Requires three valuation yields and at least five covered sector peers.

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

6.5%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-3.9%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

-0.2%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 5.9B2020-10-31: cfo $2,240,000,000.002020-10-31: capex $2,383,000,000.0020202021-10-31: cfo $5,871,000,000.002021-10-31: capex $2,502,000,000.0020212022-10-31: cfo $4,593,000,000.002022-10-31: capex $3,122,000,000.0020222023-10-31: cfo $4,428,000,000.002023-10-31: capex $2,828,000,000.0020232024-10-31: cfo $4,341,000,000.002024-10-31: capex $2,367,000,000.0020242025-10-31: cfo $2,919,000,000.002025-10-31: capex $2,292,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$9.02$9.84$10.73
10.0%$6.61$7.19$7.82
12.0%$5.21$5.66$6.13

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-10-3134.3B57M2.9B2.3B75.9B
2024-10-3130.1B2.6B4.3B2.4B71.3B
2023-10-3129.1B2B4.4B2.8B57.2B
2022-10-3128.5B873M4.6B3.1B57.1B
2021-10-3127.8B3.4B5.9B2.5B57.7B
2020-10-3127B-311M2.2B2.4B54B
2019-10-3129.1B1.1B4B2.9B51.8B
2018-10-3130.9B1.9B3B3B55.5B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue34.3BRevenues2025-12-18
netIncome57MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2025-12-18
Parent/common earnings proxy-59MNetIncomeLossAvailableToCommonStockholdersBasic2025-12-18
cfo2.9BNetCashProvidedByUsedInOperatingActivities2025-12-18
capex2.3BPaymentsToAcquireProductiveAssets2025-12-18
operatingIncome-437MOperatingIncomeLoss2025-12-18
assets75.9BAssets2025-12-18
equity24.7BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2025-12-18
Parent book equity proxy24.7BStockholdersEquity2025-12-18
debt21.7BLongTermDebt2025-12-18
shortDebt4.6BShortTermBorrowings2025-12-18
cash5.8BCashAndCashEquivalentsAtCarryingValue2025-12-18
shares1.3BWeightedAverageNumberOfDilutedSharesOutstanding2025-12-18
dividends684MPaymentsOfDividendsCommonStock2025-12-18
buybacks202MPaymentsForRepurchaseOfCommonStock2025-12-18
issuanceNot reported under a supported tag