Estimating The Fair Value Of Baker Hughes Company (NASDAQ:BKR)
Nov 08
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U.S. Energy Services Industry Analysis
UpdatedNov 10, 2024
DataAggregated Company Financials
Companies83
- 7D9.6%
- 3M0.5%
- 1Y-5.2%
- YTD-3.4%
In the last week, the Energy Services industry is up 9.6%, with Baker Hughes leading the way, up 14%. In contrast, the industry has lost 5.2% in the last 12 months. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the U.S. Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 10 Nov 2024 | US$224.8b | US$168.8b | US$13.6b | 16.2x | 16.5x | 1.3x |
| Tue, 08 Oct 2024 | US$227.3b | US$165.8b | US$14.8b | 18.9x | 15.4x | 1.4x |
| Thu, 05 Sep 2024 | US$213.2b | US$165.7b | US$14.7b | 17.6x | 14.5x | 1.3x |
| Sat, 03 Aug 2024 | US$241.3b | US$166.5b | US$14.6b | 17.6x | 16.5x | 1.4x |
| Mon, 01 Jul 2024 | US$238.9b | US$164.6b | US$13.9b | 14x | 17.2x | 1.5x |
| Wed, 29 May 2024 | US$236.9b | US$164.6b | US$13.9b | 14.5x | 17x | 1.4x |
| Fri, 26 Apr 2024 | US$245.1b | US$164.2b | US$13.4b | 14.7x | 18.3x | 1.5x |
| Sun, 24 Mar 2024 | US$246.8b | US$160.7b | US$13.1b | 17.2x | 18.8x | 1.5x |
| Tue, 20 Feb 2024 | US$221.0b | US$160.1b | US$12.3b | 15.9x | 18x | 1.4x |
| Thu, 18 Jan 2024 | US$217.5b | US$161.6b | US$12.1b | 15.7x | 18x | 1.3x |
| Sat, 16 Dec 2023 | US$233.4b | US$160.7b | US$12.1b | 16.9x | 19.3x | 1.5x |
| Mon, 13 Nov 2023 | US$239.9b | US$160.5b | US$12.1b | 18.3x | 19.8x | 1.5x |
| Wed, 11 Oct 2023 | US$259.0b | US$156.1b | US$11.3b | 15x | 23x | 1.7x |
| Fri, 08 Sep 2023 | US$264.5b | US$155.2b | US$11.2b | 16.4x | 23.7x | 1.7x |
| Sun, 06 Aug 2023 | US$568.9b | US$153.8b | US$10.8b | 20.9x | 52.6x | 3.7x |
| Tue, 04 Jul 2023 | US$535.1b | US$147.7b | US$8.5b | 18.5x | 62.9x | 3.6x |
| Thu, 01 Jun 2023 | US$504.6b | US$148.1b | US$8.5b | 16.6x | 59.4x | 3.4x |
| Sat, 29 Apr 2023 | US$207.9b | US$145.4b | US$8.3b | 19.7x | 25.1x | 1.4x |
| Mon, 27 Mar 2023 | US$192.2b | US$139.1b | US$5.6b | 20.2x | 34.6x | 1.4x |
| Wed, 22 Feb 2023 | US$225.4b | US$136.4b | US$4.7b | 22x | 48.1x | 1.7x |
| Fri, 20 Jan 2023 | US$235.7b | US$129.7b | US$3.0b | 24.2x | 79.8x | 1.8x |
| Sun, 18 Dec 2022 | US$208.9b | US$129.7b | US$3.0b | 21.9x | 70.7x | 1.6x |
| Tue, 15 Nov 2022 | US$227.6b | US$129.4b | US$2.9b | 21.7x | 77.9x | 1.8x |
| Thu, 13 Oct 2022 | US$177.1b | US$121.7b | US$804.5m | 27x | 220.1x | 1.5x |
| Sat, 10 Sep 2022 | US$175.7b | US$120.8b | US$704.1m | 30.3x | 249.5x | 1.5x |
| Mon, 08 Aug 2022 | US$160.2b | US$120.1b | -US$1,175,555,416.00 | 34x | -136.3x | 1.3x |
| Wed, 06 Jul 2022 | US$158.2b | US$113.9b | -US$5,583,965,626.00 | 33.6x | -28.3x | 1.4x |
| Fri, 03 Jun 2022 | US$218.3b | US$113.7b | -US$5,633,268,510.00 | 33.9x | -38.8x | 1.9x |
| Sun, 01 May 2022 | US$183.6b | US$112.0b | -US$6,642,805,080.00 | 25.2x | -27.6x | 1.6x |
| Tue, 29 Mar 2022 | US$199.9b | US$108.2b | -US$5,148,109,642.00 | 21.9x | -38.8x | 1.8x |
| Thu, 24 Feb 2022 | US$171.6b | US$114.8b | -US$7,584,732,521.00 | 26.2x | -22.6x | 1.5x |
| Sat, 22 Jan 2022 | US$157.3b | US$111.0b | -US$9,172,876,407.00 | 30.8x | -17.2x | 1.4x |
| Mon, 20 Dec 2021 | US$133.2b | US$111.0b | -US$8,813,799,014.00 | 29x | -15.1x | 1.2x |
| Wed, 17 Nov 2021 | US$152.1b | US$111.2b | -US$8,852,129,386.00 | 27.7x | -17.2x | 1.4x |
Price to Earnings Ratio
-17.2x
Current Industry PE
- Investors are pessimistic on the American Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 32.0x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Energy industry?
| US Market | 5.11% | |
| Energy | 6.50% | |
| Energy Services | 9.64% | |
| Oil and Gas Services | 9.86% | |
| Oil and Gas Drilling | 7.85% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 36.1%, which is lower than the prior year's growth of 70.3% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, which is trading below its 3-year average of 88.3x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 36% over the next 5 years.
- However this is lower than its past earnings growth rate of 70% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BKR Baker Hughes | US$43.02 | 13.6% +US$5.1b | 25.3% | PE19x | |
| SLB Schlumberger | US$43.18 | 8.6% +US$4.8b | -19.0% | PE13.6x | |
| HAL Halliburton | US$29.23 | 5.6% +US$1.2b | -23.7% | PE10.1x | |
| FTI TechnipFMC | US$28.77 | 9.5% +US$1.1b | 33.5% | PE19.2x | |
| WFRD Weatherford International | US$87.49 | 12.9% +US$725.8m | -8.3% | PE11.9x |
