Halliburton Company

BOVESPA:HALI34 Stock Report

Market Cap: R$154.0b

Halliburton Valuation

Is HALI34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HALI34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HALI34 (R$196.63) is trading below our estimate of fair value (R$259.38)

Significantly Below Fair Value: HALI34 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HALI34?

Key metric: As HALI34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HALI34. This is calculated by dividing HALI34's market cap by their current earnings.
What is HALI34's PE Ratio?
PE Ratio9.9x
EarningsUS$2.55b
Market CapUS$25.28b

Price to Earnings Ratio vs Peers

How does HALI34's PE Ratio compare to its peers?

The above table shows the PE ratio for HALI34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.1x
PETR4 Petróleo Brasileiro - Petrobras
5.9x13.5%R$526.0b
TEN Tenaris
7.9x-7.3%€19.9b
CSAN3 Cosan
7.9x34.2%R$17.5b
PRIO3 Prio
6.8x25.5%R$33.1b
HALI34 Halliburton
9.9x6.8%R$25.3b

Price-To-Earnings vs Peers: HALI34 is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

How does HALI34's PE Ratio compare vs other companies in the Global Energy Services Industry?

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HALI34 9.9xIndustry Avg. 12.4xNo. of Companies31PE01020304050+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HALI34 is good value based on its Price-To-Earnings Ratio (9.9x) compared to the Global Energy Services industry average (12.4x).


Price to Earnings Ratio vs Fair Ratio

What is HALI34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HALI34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ratio7.8x

Price-To-Earnings vs Fair Ratio: HALI34 is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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