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 28,693 - -
Change - 74.54% -9.45% -26.18% -0.43% 20.64% - -
Enterprise Value (EV) 1 26,561 41,314 37,728 28,428 28,736 33,451 32,479 31,777
Change - 55.54% -8.68% -24.65% 1.08% 16.41% -2.91% -2.16%
P/E 14x 22.7x 12.4x 9.61x 18.8x 14.4x 12.2x 10.6x
PBR 3.04x 4.5x 3.47x 2.29x 2.3x 2.5x 2.22x 1.98x
PEG - 3.7x 0.2x -3.12x -0.4x 0.2x 0.7x 0.7x
Capitalization / Revenue 1.34x 1.76x 1.41x 1.04x 1.07x 1.28x 1.22x 1.17x
EV / Revenue 1.74x 2.04x 1.64x 1.24x 1.3x 1.5x 1.38x 1.29x
EV / EBITDA 9.78x 10.3x 7.43x 5.67x 6.8x 8.18x 6.95x 6.31x
EV / EBIT 14.7x 13.4x 9.24x 7.22x 9.3x 11.5x 9.36x 8.21x
EV / FCF 19.4x 28.9x 16.6x 10.7x 15.5x 17.4x 14.7x 11.8x
FCF Yield 5.15% 3.46% 6.03% 9.31% 6.46% 5.73% 6.79% 8.47%
Dividend per Share 2 0.18 0.48 0.64 0.68 0.68 0.6847 0.7316 0.781
Rate of return 0.79% 1.22% 1.77% 2.5% 2.41% 1.99% 2.12% 2.27%
EPS 2 1.63 1.73 2.92 2.83 1.5 2.393 2.823 3.253
Distribution rate 11% 27.7% 21.9% 24% 45.3% 28.6% 25.9% 24%
Net sales 1 15,295 20,297 23,018 22,944 22,184 22,361 23,585 24,565
EBITDA 1 2,716 4,013 5,081 5,017 4,227 4,091 4,677 5,036
EBIT 1 1,812 3,073 4,083 3,938 3,091 2,917 3,470 3,872
Net income 1 1,457 1,572 2,638 2,501 1,283 1,994 2,330 2,625
Net Debt 1 6,090 5,582 5,372 4,542 4,952 4,758 3,786 3,084
Reference price 2 22.87 39.35 36.15 27.19 28.26 34.44 34.44 34.44
Nbr of stocks (in thousands) 8,95,116 9,08,047 8,95,052 8,78,502 8,41,627 8,33,130 - -
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.($)
21.79x2.35x10.73x2.19% 7.96TCr
20.6x2.59x14.27x1.48% 6.15TCr
24.7x2.7x13.31x0.26% 2.97TCr
14.39x1.5x8.17x1.99% 2.87TCr
27.64x0.53x4.57x3.69% 1.01TCr
22.63x0.85x7.39x1.91% 721.16Cr
7.04x1.45x5.87x3.14% 662.32Cr
16.48x1.4x6.58x1.25% 630.83Cr
9x - - 4.23% 589.63Cr
Average 18.25x 1.67x 8.86x 2.24% 2.62TCr
Weighted average by Cap. 20.35x 2.17x 11.06x 1.85%

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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