Company Valuation: Baker Hughes Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,931 29,573 34,393 40,590 44,938 62,094 - -
Change - 41.29% 16.3% 18.02% 10.71% 38.18% - -
Enterprise Value (EV) 1 23,805 33,742 37,767 43,249 47,310 60,936 60,207 59,292
Change - 41.74% 11.93% 14.52% 9.39% 28.8% -1.2% -1.52%
P/E ratio -89.1x -48.4x 17.9x 13.8x 17.5x 23.2x 22.2x 19.8x
PBR 1.47x 2.07x 2.22x 2.4x 2.36x 2.97x 2.77x 2.74x
PEG - -0x -0x 0.2x -1.4x 6.15x 4.74x 1.7x
Capitalization / Revenue 1.02x 1.4x 1.35x 1.46x 1.62x 2.29x 2.15x 2.05x
EV / Revenue 1.16x 1.59x 1.48x 1.55x 1.71x 2.25x 2.08x 1.95x
EV / EBITDA 8.88x 11.3x 10x 9.42x 9.81x 12.7x 11.1x 9.97x
EV / EBIT 15.1x 17.6x 14.1x 12.5x 13x 17.5x 14.4x 12.4x
EV / FCF 13x 30.2x 18.5x 19.2x 17.3x 25.4x 21.9x 18.5x
FCF Yield 7.7% 3.31% 5.41% 5.22% 5.77% 3.94% 4.56% 5.41%
Dividend per Share 2 0.72 0.73 0.78 0.84 0.92 0.9364 0.9849 1.081
Rate of return 2.99% 2.47% 2.28% 2.05% 2.02% 1.5% 1.57% 1.73%
EPS 2 -0.27 -0.61 1.91 2.98 2.6 2.698 2.824 3.16
Distribution rate -267% -120% 40.8% 28.2% 35.4% 34.7% 34.9% 34.2%
Net sales 1 20,536 21,156 25,506 27,829 27,733 27,125 28,948 30,338
EBITDA 1 2,681 2,981 3,763 4,591 4,825 4,800 5,413 5,948
EBIT 1 1,576 1,920 2,676 3,455 3,637 3,481 4,174 4,762
Net income 1 -219 -601 1,943 2,979 2,588 2,603 2,667 3,116
Net Debt 1 2,874 4,169 3,374 2,659 2,372 -1,158 -1,887 -2,802
Reference price 2 24.06 29.53 34.18 41.02 45.54 62.59 62.59 62.59
Nbr of stocks (in thousands) 869,968 1,001,468 1,006,234 989,526 986,774 992,069 - -
Announcement Date 20/01/22 23/01/23 23/01/24 30/01/25 25/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.2x2.25x12.69x1.5% 62.09B
20.97x2.44x11x2.14% 82.03B
16.74x1.68x9.15x1.75% 32.73B
22.78x2.42x12.03x0.3% 26.64B
19.6x0.53x4.22x3.65% 9.87B
25.49x0.86x8.18x1.81% 7.23B
16.53x1.52x7.18x1.12% 6.99B
31.87x6.07x10.99x3.08% 6.47B
7.97x1.48x5.56x3.27% 6.61B
14.63x1.41x6.56x5.97% 6.45B
Average 19.98x 2.07x 8.76x 2.46% 24.71B
Weighted average by Cap. 20.89x 2.18x 10.57x 1.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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