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Halliburton

WBAG:HAL
Snowflake Description

High growth potential established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAL
WBAG
$27B
Market Cap
  1. Home
  2. AT
  3. Energy
Company description

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The last earnings update was 1 day ago. More info.


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HAL Share Price and Events
7 Day Returns
-0.6%
WBAG:HAL
0.6%
Europe Energy Services
1.2%
AT Market
1 Year Returns
-
WBAG:HAL
-11.9%
Europe Energy Services
-3.1%
AT Market
HAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Halliburton (HAL) -0.6% 9% 1.8% - - -
Europe Energy Services 0.6% 1.3% 12.8% -11.9% -30.3% -83.2%
AT Market 1.2% 6.8% 9.3% -3.1% 44.7% 32.6%
1 Year Return vs Industry and Market
  • No trading data on HAL.
  • No trading data on HAL.
Price Volatility
HAL
Industry
5yr Volatility vs Market

HAL Value

 Is Halliburton undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Halliburton to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Halliburton.

WBAG:HAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 30 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:HAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Energy Services Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.088 (1 + (1- 21%) (41.64%))
1.298
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.298 * 5.96%)
8.25%

Discounted Cash Flow Calculation for WBAG:HAL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Halliburton is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:HAL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.25%)
2019 1,143.67 Analyst x12 1,056.53
2020 1,454.90 Analyst x10 1,241.64
2021 1,311.00 Analyst x1 1,033.58
2022 1,217.45 Est @ -7.14% 886.69
2023 1,158.51 Est @ -4.84% 779.47
2024 1,121.01 Est @ -3.24% 696.78
2025 1,097.33 Est @ -2.11% 630.09
2026 1,082.78 Est @ -1.33% 574.36
2027 1,074.39 Est @ -0.77% 526.49
2028 1,070.21 Est @ -0.39% 484.48
Present value of next 10 years cash flows $7,910.09
WBAG:HAL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,070.21 × (1 + 0.51%) ÷ (8.25% – 0.51%)
$13,901.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $13,901.23 ÷ (1 + 8.25%)10
$6,292.99
WBAG:HAL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,910.09 + $6,292.99
$14,203.09
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $14,203.09 / 872.76
$16.27
WBAG:HAL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:HAL represents 0.89021x of NYSE:HAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89021x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 16.27 x 0.89021
€14.49
Value per share (EUR) From above. €14.49
Current discount Discount to share price of €27.73
= -1 x (€27.73 - €14.49) / €14.49
-91.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Halliburton is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Halliburton's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Halliburton's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:HAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.01
NYSE:HAL Share Price ** NYSE (2019-04-23) in USD $31.15
Europe Energy Services Industry PE Ratio Median Figure of 27 Publicly-Listed Energy Services Companies 21.44x
Austria Market PE Ratio Median Figure of 52 Publicly-Listed Companies 14.56x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Halliburton.

WBAG:HAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HAL Share Price ÷ EPS (both in USD)

= 31.15 ÷ 2.01

15.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Halliburton is good value based on earnings compared to the Europe Energy Services industry average.
  • Halliburton is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Halliburton's expected growth come at a high price?
Raw Data
WBAG:HAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts
26%per year
Europe Energy Services Industry PEG Ratio Median Figure of 20 Publicly-Listed Energy Services Companies 1.21x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

WBAG:HAL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.46x ÷ 26%

0.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Halliburton is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Halliburton's assets?
Raw Data
WBAG:HAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $11.00
NYSE:HAL Share Price * NYSE (2019-04-23) in USD $31.15
Europe Energy Services Industry PB Ratio Median Figure of 63 Publicly-Listed Energy Services Companies 1x
Austria Market PB Ratio Median Figure of 60 Publicly-Listed Companies 1.24x
WBAG:HAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HAL Share Price ÷ Book Value per Share (both in USD)

= 31.15 ÷ 11.00

2.83x

* Primary Listing of Halliburton.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Halliburton is overvalued based on assets compared to the Europe Energy Services industry average.
X
Value checks
We assess Halliburton's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check)
  5. Halliburton has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HAL Future Performance

 How is Halliburton expected to perform in the next 1 to 3 years based on estimates from 30 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Halliburton expected to grow at an attractive rate?
  • Halliburton's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Halliburton's earnings growth is expected to exceed the Austria market average.
  • Halliburton's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:HAL Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:HAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts 26%
WBAG:HAL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 30 Analysts 7.3%
Europe Energy Services Industry Earnings Growth Rate Market Cap Weighted Average 27.4%
Europe Energy Services Industry Revenue Growth Rate Market Cap Weighted Average 7.6%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:HAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:HAL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 30,001 5,151 2,937 1
2021-12-31 28,031 3,618 2,081 7
2020-12-31 26,503 3,209 1,975 30
2019-12-31 24,223 2,744 1,206 24
WBAG:HAL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 23,992 2,541 1,762
2018-12-31 23,995 3,157 1,656
2018-09-30 23,999 3,316 187
2018-06-30 23,271 3,645 117
2018-03-31 22,081 3,035 -366
2017-12-31 20,620 2,468 -444
2017-09-30 18,701 2,516 212
2017-06-30 17,090 2,451 -147
2017-03-31 15,968 -1,527 -3,383
2016-12-31 15,887 -1,703 -5,761
2016-09-30 16,948 -1,877 -5,640
2016-06-30 18,697 -2,892 -5,700

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Halliburton's earnings are expected to grow significantly at over 20% yearly.
  • Halliburton's revenue is expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:HAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 weeks ago) See Below
Future Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below

All data from Halliburton Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HAL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.40 3.40 3.40 1.00
2021-12-31 3.09 4.42 2.24 3.00
2020-12-31 2.31 3.32 1.70 16.00
2019-12-31 1.39 1.56 1.19 14.00
WBAG:HAL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.01
2018-12-31 1.89
2018-09-30 0.21
2018-06-30 0.13
2018-03-31 -0.42
2017-12-31 -0.51
2017-09-30 0.24
2017-06-30 -0.17
2017-03-31 -3.92
2016-12-31 -6.69
2016-09-30 -6.57
2016-06-30 -6.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Halliburton is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Halliburton's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Halliburton has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HAL Past Performance

  How has Halliburton performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Halliburton's growth in the last year to its industry (Energy Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Halliburton's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Halliburton has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Halliburton has become profitable in the last year making it difficult to compare the Europe Energy Services industry average.
Earnings and Revenue History
Halliburton's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Halliburton Company Filings, last reported 3 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HAL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 23,992.00 1,762.00 250.00
2018-12-31 23,995.00 1,656.00 254.00
2018-09-30 23,999.00 187.00 266.00
2018-06-30 23,271.00 117.00 249.00
2018-03-31 22,081.00 -366.00 259.00
2017-12-31 20,620.00 -444.00 256.00
2017-09-30 18,701.00 212.00 281.00
2017-06-30 17,090.00 -147.00 269.00
2017-03-31 15,968.00 -3,383.00 235.00
2016-12-31 15,887.00 -5,761.00 226.00
2016-09-30 16,948.00 -5,640.00 185.00
2016-06-30 18,697.00 -5,700.00 180.00
2016-03-31 20,781.00 -2,437.00 182.00
2015-12-31 23,633.00 -666.00 200.00
2015-09-30 27,321.00 262.00 201.00
2015-06-30 30,440.00 1,453.00 237.00
2015-03-31 32,572.00 2,174.00 283.00
2014-12-31 32,870.00 3,436.00 293.00
2014-09-30 31,739.00 3,306.00 332.00
2014-06-30 30,510.00 2,876.00 338.00
2014-03-31 29,776.00 2,742.00 336.00
2013-12-31 29,402.00 2,106.00 333.00
2013-09-30 29,053.00 1,925.00 312.00
2013-06-30 28,692.00 1,826.00 299.00
2013-03-31 28,609.00 1,929.00 279.00
2012-12-31 28,503.00 2,577.00 275.00
2012-09-30 28,277.00 2,894.00 269.00
2012-06-30 27,714.00 3,134.00 281.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Halliburton has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Halliburton used its assets more efficiently than the Europe Energy Services industry average last year based on Return on Assets.
  • Halliburton has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Halliburton's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Halliburton has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HAL Health

 How is Halliburton's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Halliburton's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Halliburton is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Halliburton's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Halliburton's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Halliburton Company Filings, last reported 3 weeks ago.

WBAG:HAL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,625.00 11,320.00 1,380.00
2018-12-31 9,544.00 10,457.00 2,008.00
2018-09-30 9,017.00 10,459.00 2,057.00
2018-06-30 8,843.00 10,871.00 2,472.00
2018-03-31 8,391.00 10,894.00 2,332.00
2017-12-31 8,349.00 10,942.00 2,337.00
2017-09-30 9,246.00 10,938.00 1,964.00
2017-06-30 8,953.00 11,152.00 2,204.00
2017-03-31 8,989.00 10,909.00 2,161.00
2016-12-31 9,448.00 12,384.00 4,009.00
2016-09-30 9,726.00 12,315.00 3,349.00
2016-06-30 9,777.00 12,921.00 3,171.00
2016-03-31 13,060.00 15,393.00 9,655.00
2015-12-31 15,495.00 15,346.00 10,140.00
2015-09-30 15,480.00 7,891.00 2,303.00
2015-06-30 15,715.00 7,838.00 2,818.00
2015-03-31 15,623.00 7,841.00 2,355.00
2014-12-31 16,298.00 7,779.00 2,347.00
2014-09-30 15,518.00 7,816.00 2,160.00
2014-06-30 14,587.00 7,816.00 2,485.00
2014-03-31 13,752.00 7,816.00 2,361.00
2013-12-31 13,615.00 7,816.00 2,595.00
2013-09-30 12,818.00 7,816.00 1,631.00
2013-06-30 15,365.00 4,820.00 1,558.00
2013-03-31 15,737.00 4,820.00 2,323.00
2012-12-31 15,790.00 4,820.00 2,754.00
2012-09-30 15,191.00 4,820.00 2,032.00
2012-06-30 14,561.00 4,820.00 2,222.00
  • Halliburton's level of debt (117.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.8% vs 117.6% today).
  • Debt is well covered by operating cash flow (22.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Halliburton's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Halliburton has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HAL Dividends

 What is Halliburton's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.31%
Current annual income from Halliburton dividends. Estimated to be 2.36% next year.
If you bought €2,000 of Halliburton shares you are expected to receive €46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Halliburton's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.47%).
  • Halliburton's dividend is below the markets top 25% of dividend payers in Austria (4.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:HAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 30 Analyst Estimates (S&P Global) See Below
Europe Energy Services Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.3%
Austria Market Average Dividend Yield Market Cap Weighted Average of 50 Stocks 3.3%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.5%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:HAL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.74 5.00
2020-12-31 0.73 20.00
2019-12-31 0.73 19.00
WBAG:HAL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-13 0.720 2.388
2018-11-07 0.720 2.371
2018-10-26 0.720 2.045
2018-05-18 0.720 1.696
2018-02-20 0.720 1.472
2017-11-03 0.720 1.523
2017-07-14 0.720 1.703
2017-05-18 0.720 1.632
2017-04-28 0.720 1.576
2017-04-24 0.720 1.545
2016-11-02 0.720 1.381
2016-07-14 0.720 1.621
2016-05-19 0.720 1.646
2016-02-10 0.720 1.995
2015-11-03 0.720 2.089
2015-07-16 0.720 1.862
2015-05-21 0.720 1.640
2015-02-13 0.720 1.607
2014-10-20 0.720 1.649
2014-07-21 0.600 0.923
2014-05-22 0.600 0.881
2014-02-14 0.600 1.012
2013-11-06 0.600 1.171
2013-07-22 0.500 1.025
2013-05-17 0.500 1.159
2013-02-20 0.500 1.223
2012-11-14 0.360 1.004
2012-07-18 0.360 1.071
2012-05-16 0.360 1.236
2012-02-16 0.360 1.062
2011-11-07 0.360 1.025
2011-07-22 0.360 0.918
2011-05-19 0.360 0.724
2011-02-14 0.360 0.765
2010-11-08 0.360 0.903
2010-07-16 0.360 1.155
2010-05-19 0.360 1.407
2010-04-22 0.360 1.199
2010-04-19 0.360 1.092
2009-11-10 0.360 1.175
2009-07-17 0.360 1.394
2009-05-20 0.360 1.685
2009-04-24 0.360 1.666

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Halliburton's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess Halliburton's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Halliburton afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Halliburton has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HAL Management

 What is the CEO of Halliburton's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeff Miller
COMPENSATION $23,078,364
AGE 54
TENURE AS CEO 1.8 years
CEO Bio

Mr. Jeffrey Allen Miller, also known as Jeff, has been the President of Halliburton Company since August 1, 2014 and its Chief Executive Officer since June 1, 2017. Mr. Miller serves as Chairman of the board at Halliburton Company since January 01, 2019. Mr. Miller served as the Chief Health, Safety & Environment Officer of Halliburton Company since August 2014. Mr. Miller served as the Chief Operating Officer and Executive Vice President at Halliburton Company from September 20, 2012 to August 1, 2014. Mr. Miller is responsible for Halliburton's global operations, as well as business development and marketing. He has held a number of positions at Halliburton, including as Senior Vice President of Global Business Development and Marketing, responsible for strategic account management, sales and marketing. Mr. Miller served as Senior Vice President of Halliburton's Gulf of Mexico Region, Vice President of Halliburton's Baroid business line, Country Vice President for Indonesia and Country Vice President for Angola. Prior to his service at Halliburton, he began his career with Arthur Andersen LLP. He has been a Director of Halliburton Company since August 1, 2014. He serves as a Director of Greater Houston Partnership, Inc. He served as a Director of Atwood Oceanics, Inc. since March 19, 2013 until October 6, 2017. He is a licensed Certified Public Accountant. Mr. Miller holds a Bachelor of Science degree in agriculture and business from McNeese State University and has a Master of Business Administration degree from Texas A&M University.

CEO Compensation
  • Jeff's compensation has increased in line with Halliburton recently becoming profitable.
  • Insufficient data for Jeff to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Halliburton management team in years:

2.5
Average Tenure
56
Average Age
  • The tenure for the Halliburton management team is about average.
Management Team

Jeff Miller

TITLE
President
COMPENSATION
$23M
AGE
54
TENURE
1.8 yrs

Lawrence Pope

TITLE
Executive VP of Administration & Chief Human Resources Officer
COMPENSATION
$9M
AGE
50
TENURE
11.3 yrs

Robb Voyles

TITLE
Executive VP
COMPENSATION
$9M
AGE
60
TENURE
5.3 yrs

Joe Rainey

TITLE
President of Eastern Hemisphere
COMPENSATION
$14M
AGE
61
TENURE
8.3 yrs

Lance Loeffler

TITLE
Executive VP & CFO
AGE
41
TENURE
0.4 yrs

Myrtle Jones

TITLE
Senior Vice President of Tax
AGE
58
TENURE
6.1 yrs

Jeffery Spalding

TITLE
Senior VP & Deputy General Counsel
TENURE
0.1 yrs

Eric Carre

TITLE
Executive Vice President of Global Business Lines
AGE
51
TENURE
2.9 yrs

Anne Beaty

TITLE
Senior Vice President of Finance
AGE
61
TENURE
2.1 yrs

Mark Richard

TITLE
President of Western Hemisphere
AGE
56
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Halliburton board of directors in years:

7.3
Average Tenure
66
Average Age
  • The tenure for the Halliburton board of directors is about average.
Board of Directors

Jeff Miller

TITLE
President
COMPENSATION
$23M
AGE
54
TENURE
0.3 yrs

James Boyd

TITLE
Independent Director
COMPENSATION
$413K
AGE
71
TENURE
12.9 yrs

Alan Bennett

TITLE
Independent Director
COMPENSATION
$484K
AGE
68
TENURE
12.9 yrs

Milton Carroll

TITLE
Independent Director
COMPENSATION
$346K
AGE
68
TENURE
12.3 yrs

Nance Dicciani

TITLE
Independent Director
COMPENSATION
$446K
AGE
70
TENURE
9.8 yrs

Bob Malone

TITLE
Lead Independent Director
COMPENSATION
$442K
AGE
66

Murry Gerber

TITLE
Independent Director
COMPENSATION
$418K
AGE
64
TENURE
7.3 yrs

Abdulaziz Alkhayyal

TITLE
Independent Director
COMPENSATION
$308K
AGE
64
TENURE
4.3 yrs

Bill Albrecht

TITLE
Independent Director
COMPENSATION
$301K
AGE
66
TENURE
2.8 yrs

M. Banks

TITLE
Independent Director
AGE
58
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Dec 18 Sell Lawrence Pope Individual 11. Dec 18 11. Dec 18 -2,000 €41.36 €-82,729
24. Sep 18 Sell James Brown Individual 20. Sep 18 20. Sep 18 -15,989 €34.50 €-551,542
26. Jul 18 Buy Murry Gerber Individual 26. Jul 18 26. Jul 18 5,800 €34.86 €202,180
X
Management checks
We assess Halliburton's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Halliburton has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HAL News

Simply Wall St News

HAL Company Info

Description

Halliburton Company provides a range of services and products to oil and natural gas companies worldwide. The company’s Completion and Production segment offers production enhancement services, including stimulation and sand control services; and cementing services, such as bonding the well, well casing, and casing equipment. It also provides completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger and sand control systems, and service tools; production solutions comprising coiled tubing, hydraulic workover units, and downhole tools; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. In addition, this segment offers oilfield completion, production, and downstream water and process treatment chemicals and services; and electrical submersible pumps and progressive cavity pumps, as well as artificial lift services. The company’s Drilling and Evaluation segment provides drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; and drilling systems and services. It also offers wireline and perforating services, including open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. In addition, this segment provides integrated exploration, drilling, and production software, as well as related professional and data management services; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management, consulting, integrated asset management, and well control and prevention services. Halliburton Company was founded in 1919 and is headquartered in Houston, Texas.

Details
Name: Halliburton Company
HAL
Exchange: WBAG
Founded: 1919
$24,261,324,343
872,764,135
Website: http://www.halliburton.com
Address: Halliburton Company
3000 North Sam Houston Parkway East,
Houston,
Texas, 77032,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HAL Common Shares New York Stock Exchange US USD 02. Jan 1968
DB HAL Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
XTRA HAL Common Shares XETRA Trading Platform DE EUR 02. Jan 1968
LSE 0R23 Common Shares London Stock Exchange GB USD 02. Jan 1968
SWX HAL Common Shares SIX Swiss Exchange CH CHF 02. Jan 1968
WBAG HAL Common Shares Wiener Boerse AG AT EUR 02. Jan 1968
SNSE HAL Common Shares Santiago Stock Exchange CL USD 02. Jan 1968
BMV HAL * Common Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA HALI34 BDR EACH REPR 1 COM SHS Bolsa de Valores de Sao Paulo BR BRL 23. Aug 2012
Number of employees
Current staff
Staff numbers
60,000
Halliburton employees.
Industry
Oil and Gas Equipment and Services
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:31
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/04/22
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.