Company Valuation: Halliburton Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 20,471 35,732 32,356 23,886 23,784 27,502 - -
Change - 74.54% -9.45% -26.18% -0.43% 15.63% - -
Enterprise Value (EV) 1 26,561 41,314 37,728 28,428 28,736 32,454 31,523 30,862
Change - 55.54% -8.68% -24.65% 1.08% 12.94% -2.87% -2.1%
P/E 14x 22.7x 12.4x 9.61x 18.8x 13.8x 11.6x 9.91x
PBR 3.04x 4.5x 3.47x 2.29x 2.3x 2.39x 2.13x 1.9x
PEG - 3.7x 0.2x -3.12x -0.4x 0.2x 0.6x 0.6x
Capitalization / Revenue 1.34x 1.76x 1.41x 1.04x 1.07x 1.23x 1.17x 1.12x
EV / Revenue 1.74x 2.04x 1.64x 1.24x 1.3x 1.45x 1.34x 1.26x
EV / EBITDA 9.78x 10.3x 7.43x 5.67x 6.8x 7.93x 6.74x 6.13x
EV / EBIT 14.7x 13.4x 9.24x 7.22x 9.3x 11.1x 9.09x 7.98x
EV / FCF 19.4x 28.9x 16.6x 10.7x 15.5x 17x 14.1x 11.5x
FCF Yield 5.15% 3.46% 6.03% 9.31% 6.46% 5.87% 7.1% 8.72%
Dividend per Share 2 0.18 0.48 0.64 0.68 0.68 0.6812 0.7316 0.781
Rate of return 0.79% 1.22% 1.77% 2.5% 2.41% 2.06% 2.22% 2.37%
EPS 2 1.63 1.73 2.92 2.83 1.5 2.397 2.854 3.33
Distribution rate 11% 27.7% 21.9% 24% 45.3% 28.4% 25.6% 23.5%
Net sales 1 15,295 20,297 23,018 22,944 22,184 22,360 23,581 24,560
EBITDA 1 2,716 4,013 5,081 5,017 4,227 4,091 4,676 5,036
EBIT 1 1,812 3,073 4,083 3,938 3,091 2,917 3,469 3,870
Net income 1 1,457 1,572 2,638 2,501 1,283 1,999 2,362 2,710
Net Debt 1 6,090 5,582 5,372 4,542 4,952 4,953 4,022 3,361
Reference price 2 22.87 39.35 36.15 27.19 28.26 33.01 33.01 33.01
Nbr of stocks (in thousands) 895,116 908,047 895,052 878,502 841,627 833,130 - -
Announcement Date 24/01/22 24/01/23 23/01/24 22/01/25 21/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.77x1.45x7.93x2.06% 27.5B
21.1x2.28x10.42x2.26% 76.98B
19.9x2.43x13.58x1.58% 57.6B
23.24x2.53x12.49x0.28% 27.94B
27.49x0.51x4.44x3.79% 9.65B
22.68x0.85x7.41x1.91% 7.23B
7.07x1.49x5.89x2.99% 6.97B
15.96x1.35x6.36x1.3% 6.07B
8.88x - - 4.29% 5.83B
26.64x5.38x9.68x3.76% 5.39B
Average 18.67x 2.03x 8.69x 2.42% 23.12B
Weighted average by Cap. 19.77x 2.15x 10.56x 1.97%

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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