Financials Hess Corporation

Equities

HES

US42809H1077

Oil & Gas Exploration and Production

Market Closed - Nyse 21:00:02 03/05/2024 BST 5-day change 1st Jan Change
158.9 USD +0.19% Intraday chart for Hess Corporation -2.26% +10.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,165 16,104 22,787 43,495 44,091 48,783 - -
Enterprise Value (EV) 1 26,000 22,661 28,532 49,290 51,016 54,856 54,954 54,561
P/E ratio -48.8 x -5.2 x 40.9 x 19.8 x 32.1 x 16.8 x 14.4 x 13.9 x
Yield 1.5% 1.89% 1.35% 1.06% 1.21% 1.11% 1.53% 1.74%
Capitalization / Revenue 3.1 x 3.35 x 3.02 x 3.76 x 4.14 x 3.64 x 3.44 x 3.6 x
EV / Revenue 3.99 x 4.72 x 3.78 x 4.26 x 4.79 x 4.09 x 3.88 x 4.03 x
EV / EBITDA 8.8 x 10.4 x 7.49 x 8.07 x 9.6 x 7.31 x 6.58 x 6.2 x
EV / FCF -21.9 x -26.2 x 25 x 40.4 x -307 x 187 x 36.2 x 38.5 x
FCF Yield -4.57% -3.81% 4.01% 2.47% -0.33% 0.53% 2.76% 2.6%
Price to Book 2.33 x 3 x 3.63 x 5.5 x 4.93 x 3.66 x 3.26 x 2.71 x
Nbr of stocks (in thousands) 301,825 305,063 307,810 306,692 305,847 307,082 - -
Reference price 2 66.81 52.79 74.03 141.8 144.2 158.9 158.9 158.9
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,510 4,804 7,554 11,570 10,645 13,396 14,163 13,532
EBITDA 1 2,956 2,169 3,808 6,105 5,312 7,503 8,346 8,804
EBIT 1 601 -2,382 1,971 4,174 2,949 4,505 5,025 5,577
Operating Margin 9.23% -49.58% 26.09% 36.08% 27.7% 33.63% 35.48% 41.22%
Earnings before Tax (EBT) 1 221 -2,850 1,490 3,681 2,471 4,120 4,697 4,934
Net income 1 -412 -3,093 559 2,223 1,382 2,866 3,379 3,570
Net margin -6.33% -64.38% 7.4% 19.21% 12.98% 21.39% 23.86% 26.38%
EPS 2 -1.370 -10.15 1.810 7.180 4.490 9.439 11.06 11.42
Free Cash Flow 1 -1,187 -864 1,143 1,219 -166 293 1,518 1,418
FCF margin -18.23% -17.99% 15.13% 10.54% -1.56% 2.19% 10.72% 10.48%
FCF Conversion (EBITDA) - - 30.02% 19.97% - 3.91% 18.2% 16.1%
FCF Conversion (Net income) - - 204.47% 54.84% - 10.22% 44.94% 39.71%
Dividend per Share 2 1.000 1.000 1.000 1.500 1.750 1.760 2.438 2.770
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,782 2,255 2,371 2,988 3,157 3,054 2,453 2,320 2,837 3,035 3,314 3,279 3,319 3,440 3,471
EBITDA 1 809 1,132 1,183 1,627 1,596 1,677 1,284 1,083 1,498 1,447 2,127 1,827 1,881 1,990 1,921
EBIT 1 453 689 803 1,203 1,013 1,133 727 487 934 801 1,528 1,094 1,103 1,085 1,085
Operating Margin 25.42% 30.55% 33.87% 40.26% 32.09% 37.1% 29.64% 20.99% 32.92% 26.39% 46.11% 33.38% 33.23% 31.53% 31.25%
Earnings before Tax (EBT) 1 328 568 702 1,082 888 1,009 604 365 817 685 1,415 1,076 1,122 1,222 1,113
Net income 1 115 265 417 667 515 624 346 119 504 413 972 719.3 716.8 690.7 722.6
Net margin 6.45% 11.75% 17.59% 22.32% 16.31% 20.43% 14.11% 5.13% 17.77% 13.61% 29.33% 21.94% 21.6% 20.08% 20.82%
EPS 2 0.3700 0.8500 1.340 2.150 1.670 2.030 1.130 0.3900 1.640 1.340 3.160 2.397 2.402 2.351 2.397
Dividend per Share 2 0.2500 0.2500 0.3750 0.3750 0.3750 0.3750 0.4375 0.4375 0.6750 0.4375 0.5000 0.5000 0.5000 0.5000 0.5625
Announcement Date 27/10/21 26/01/22 27/04/22 27/07/22 26/10/22 25/01/23 26/04/23 26/07/23 25/10/23 31/01/24 25/04/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,835 6,557 5,745 5,795 6,925 6,073 6,171 5,778
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.974 x 3.023 x 1.509 x 0.9492 x 1.304 x 0.8094 x 0.7394 x 0.6563 x
Free Cash Flow 1 -1,187 -864 1,143 1,219 -166 293 1,519 1,418
ROE (net income / shareholders' equity) -3.06% -12.7% 11.6% 31.1% 18.4% 29.8% 25.2% 28.4%
ROA (Net income/ Total Assets) -1.3% -15.2% 2.84% 10.5% 6.05% 8.6% 9.88% 5.5%
Assets 1 31,680 20,302 19,668 21,121 22,851 33,326 34,194 64,911
Book Value Per Share 2 28.60 17.60 20.40 25.80 29.20 43.40 48.80 58.70
Cash Flow per Share 2 7.430 5.920 9.670 16.90 14.60 18.90 21.60 23.10
Capex 1 2,829 2,197 1,747 2,725 4,108 4,175 4,613 4,551
Capex / Sales 43.46% 45.73% 23.13% 23.55% 38.59% 31.16% 32.57% 33.63%
Announcement Date 29/01/20 27/01/21 26/01/22 25/01/23 31/01/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
158.9 USD
Average target price
173.8 USD
Spread / Average Target
+9.40%
Consensus
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  4. Financials Hess Corporation