Baker Hughes Valuation

Q: What is the Fair Price of 68V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

68V (CHF31.86) is trading below our estimate of [[fair value]] (CHF41.36)

Is 68V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

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 68V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 68V (CHF31.86) is trading below our estimate of fair value (CHF41.36)

Significantly Below Fair Value: 68V is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 68V?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 68V. This is calculated by dividing 68V's market cap by their current preferred multiple.
What is 68V's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	US$37.68b

68V key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	9.5x
PEG Ratio	1.6x

Price to Earnings Ratio vs Peers

How does 68V's PE Ratio compare to its peers?

The above table shows the PE ratio for 68V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	11.5x
HAL Halliburton	9.1x	6.5%	US$24.5b
SLB Schlumberger	12.5x	12.5%	US$56.6b
FTI TechnipFMC	17.5x	14.8%	US$11.4b
TEN Tenaris	6.7x	-8.5%	€17.0b
68V Baker Hughes	16.8x	10.7%	CHF 37.7b

Price-To-Earnings vs Peers: 68V is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the peer average (11.5x).

Price to Earnings Ratio vs Industry

How does 68V's PE Ratio compare vs other companies in the European Energy Services Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	10.9%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 68V is expensive based on its Price-To-Earnings Ratio (16.8x) compared to the European Energy Services industry average (8.5x).

Price to Earnings Ratio vs Fair Ratio

What is 68V'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.

68V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	16.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 68V's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

The above table shows the analyst 68V forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	n/a	CHF 37.73 0%	8.1%	CHF 45.98	CHF 29.50	n/a	26
Oct ’25	n/a	CHF 36.07 0%	7.7%	CHF 42.31	CHF 28.77	n/a	26
Sep ’25	n/a	CHF 36.20 0%	7.7%	CHF 42.35	CHF 28.80	n/a	26
Aug ’25	n/a	CHF 37.19 0%	7.8%	CHF 43.68	CHF 29.70	n/a	27
Jul ’25	n/a	CHF 36.53 0%	7.8%	CHF 41.34	CHF 30.56	n/a	26
Jun ’25	n/a	CHF 36.88 0%	7.7%	CHF 41.78	CHF 30.88	n/a	26
May ’25	n/a	CHF 37.56 0%	6.9%	CHF 42.29	CHF 31.25	n/a	26
Apr ’25	n/a	CHF 35.58 0%	8.0%	CHF 43.05	CHF 29.87	n/a	26
Mar ’25	n/a	CHF 35.58 0%	8.0%	CHF 43.05	CHF 29.87	n/a	26
Feb ’25	n/a	CHF 34.68 0%	8.4%	CHF 42.28	CHF 29.33	n/a	27
Jan ’25	n/a	CHF 34.74 0%	9.1%	CHF 40.21	CHF 25.67	n/a	29
Dec ’24	n/a	CHF 36.72 0%	8.8%	CHF 42.41	CHF 27.07	n/a	29
Nov ’24	n/a	CHF 36.98 0%	8.8%	CHF 42.75	CHF 27.29	n/a	29
Oct ’24	n/a	CHF 36.42 0%	8.8%	CHF 43.02	CHF 27.46	n/a	28
Sep ’24	n/a	CHF 34.66 0%	8.1%	CHF 38.64	CHF 26.35	n/a	28
Aug ’24	n/a	CHF 33.72 0%	9.2%	CHF 38.04	CHF 25.94	n/a	27
Jul ’24	n/a	CHF 32.47 0%	10.2%	CHF 38.49	CHF 25.06	n/a	25
Jun ’24	n/a	CHF 32.15 0%	10.7%	CHF 38.19	CHF 23.98	n/a	25
May ’24	n/a	CHF 32.15 0%	10.7%	CHF 38.19	CHF 23.98	n/a	25
Apr ’24	n/a	CHF 34.46 0%	9.0%	CHF 40.51	CHF 25.43	n/a	24
Mar ’24	n/a	CHF 33.77 0%	9.4%	CHF 39.80	CHF 26.38	n/a	24
Feb ’24	n/a	CHF 33.17 0%	9.3%	CHF 38.86	CHF 26.37	n/a	24
Jan ’24	n/a	CHF 30.90 0%	8.9%	CHF 35.10	CHF 26.33	n/a	24
Dec ’23	n/a	CHF 31.27 0%	9.2%	CHF 35.61	CHF 26.71	n/a	24
Nov ’23	n/a	CHF 32.21 0%	9.5%	CHF 37.48	CHF 25.65	n/a	24

Analyst Forecast: Target price is less than 20% higher than the current share price.