Projected Income Statement: SLB N.V.

Forecast Balance Sheet: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 11,056 9,332 7,976 7,405 7,424 7,272 6,274 4,127
Change - -15.59% -14.53% -7.16% 0.26% -2.05% -13.72% -34.22%
Announcement Date 21/01/22 20/01/23 19/01/24 17/01/25 23/01/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,141 1,618 1,939 1,931 1,694 1,987 2,211 2,510
Change - 41.81% 19.84% -0.41% -12.27% 17.29% 11.29% 13.51%
Free Cash Flow (FCF) 1 2,997 1,418 4,038 3,990 4,115 4,403 5,220 6,269
Change - -52.69% 184.77% -1.19% 3.13% 7% 18.56% 20.09%
Announcement Date 21/01/22 20/01/23 19/01/24 17/01/25 23/01/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 21.42% 23.21% 24.46% 24.99% 23.7% 22.18% 24.05% 24.75%
EBIT Margin (%) 12.18% 15.57% 17.49% 18.12% 16.28% 14.74% 17.22% 18.49%
EBT Margin (%) 10.35% 15.2% 15.94% 15.63% 12.02% 13.19% 15.37% 17.55%
Net margin (%) 8.2% 12.25% 12.68% 12.29% 9.45% 10.67% 12.57% 13.56%
FCF margin (%) 13.07% 5.05% 12.19% 11% 11.52% 12.05% 13.26% 14.87%
FCF / Net Income (%) 159.33% 41.21% 96.07% 89.44% 121.96% 112.89% 105.5% 109.64%

Profitability

        
ROA 4.61% 8.13% 9.23% 9.21% 8.11% 6.92% 8.21% 9%
ROE 13.53% 20.68% 21.36% 20.41% 16.96% 14.44% 17.98% 20.22%

Financial Health

        
Leverage (Debt/EBITDA) 2.25x 1.43x 0.98x 0.82x 0.88x 0.9x 0.66x 0.4x
Debt / Free cash flow 3.69x 6.58x 1.98x 1.86x 1.8x 1.65x 1.2x 0.66x

Capital Intensity

        
CAPEX / Current Assets (%) 4.98% 5.76% 5.85% 5.32% 4.74% 5.44% 5.62% 5.95%
CAPEX / EBITDA (%) 23.23% 24.81% 23.92% 21.29% 20.02% 24.5% 23.35% 24.06%
CAPEX / FCF (%) 38.07% 114.1% 48.02% 48.4% 41.17% 45.13% 42.36% 40.04%

Items per share

        
Cash flow per share 1 3.291 3.778 4.599 4.598 4.474 4.24 4.895 -
Change - 14.8% 21.74% -0.04% -2.69% -5.22% 15.43% -
Dividend per Share 1 0.5 0.725 1.025 1.1 1.14 1.176 1.239 1.337
Change - 45% 41.38% 7.32% 3.64% 3.2% 5.28% 7.91%
Book Value Per Share 1 10.72 12.45 14.95 15.56 18.99 18.07 19.02 19.75
Change - 16.2% 20.03% 4.13% 22.02% -4.83% 5.25% 3.83%
EPS 1 1.32 2.39 2.91 3.11 2.35 2.617 3.363 4.042
Change - 81.06% 21.76% 6.87% -24.44% 11.34% 28.53% 20.2%
Nbr of stocks (in thousands) 1,402,633 1,417,994 1,428,270 1,412,154 1,493,924 1,495,058 1,495,058 1,495,058
Announcement Date 21/01/22 20/01/23 19/01/24 17/01/25 23/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 21.2x 16.5x
PBR 3.07x 2.92x
EV / Sales 2.48x 2.28x
Yield 2.12% 2.23%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
55.85USD
Average target price
62.36USD
Spread / Average Target
+11.65%

Quarterly revenue - Rate of surprise

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
BENEFIT NOW