Helmerich & Payne, Inc.

DB:HPC Stock Report

Market Cap: €2.9b

Helmerich & Payne Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: HPC (€28.82) is trading below our estimate of fair value (€67.48)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HPC. This is calculated by dividing HPC's market cap by their current earnings.
What is HPC's PE Ratio?
PE Ratio8.9x
EarningsUS$339.44m
Market CapUS$3.01b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HPC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.6x
4DS Daldrup & Söhne
22.1x9.2%€48.1m
CE2 CropEnergies
15.3x-7.5%€1.0b
CE2 CropEnergies
82.4xn/a€1.2b
VAL Valaris
2.7x-12.0%US$2.9b
HPC Helmerich & Payne
8.9x-4.1%€3.0b

Price-To-Earnings vs Peers: HPC is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (30.6x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HPC 8.9xIndustry Avg. 8.7xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HPC is expensive based on its Price-To-Earnings Ratio (8.9x) compared to the European Energy Services industry average (8.7x).

Price to Earnings Ratio vs Fair Ratio

What is HPC'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.

HPC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio16.3x

Price-To-Earnings vs Fair Ratio: HPC is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (16.3x).

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 HPC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.82
€39.49
+37.0%
11.4%€48.25€31.84n/a14
Dec ’25€32.90
€38.70
+17.6%
11.7%€47.19€31.15n/a14
Nov ’25€31.00
€38.48
+24.1%
12.2%€46.05€30.39n/a14
Oct ’25€26.78
€39.27
+46.6%
11.7%€45.17€29.81n/a15
Sep ’25€28.99
€40.33
+39.1%
9.9%€45.15€30.70n/a15
Aug ’25€36.75
€41.45
+12.8%
10.3%€49.03€33.30n/a16
Jul ’25€33.18
€41.76
+25.9%
8.7%€46.68€34.54n/a17
Jun ’25€33.48
€41.68
+24.5%
7.9%€46.04€34.99n/a17
May ’25€37.24
€43.15
+15.9%
7.7%€49.65€35.60n/a17
Apr ’25€38.98
€41.13
+5.5%
9.7%€48.64€33.04n/a17
Mar ’25€35.27
€41.20
+16.8%
10.7%€48.91€30.45n/a17
Feb ’25€36.81
€41.03
+11.5%
11.5%€49.05€30.54n/a18
Jan ’25€32.15
€42.01
+30.7%
9.5%€49.94€33.60n/a19
Dec ’24€32.77
€43.02
+31.3%
9.2%€50.57€34.02€32.9019
Nov ’24€36.81
€44.72
+21.5%
9.3%€51.58€34.70€31.0019
Oct ’24€40.61
€44.31
+9.1%
11.6%€52.02€35.00€26.7819
Sep ’24€36.33
€43.33
+19.3%
12.0%€51.63€34.11€28.9919
Aug ’24€39.71
€42.17
+6.2%
13.5%€50.99€30.05€36.7519
Jul ’24€31.53
€42.55
+35.0%
20.2%€59.55€30.23€33.1818
Jun ’24€28.39
€44.76
+57.6%
19.6%€60.16€30.54€33.4817
May ’24€29.61
€46.92
+58.4%
18.1%€59.25€30.08€37.2417
Apr ’24€31.85
€54.89
+72.4%
16.4%€71.56€35.32€38.9817
Mar ’24€38.88
€56.38
+45.0%
14.4%€72.78€41.59€35.2717
Feb ’24€43.52
€54.67
+25.6%
14.0%€70.09€40.05€36.8117
Jan ’24€45.57
€55.03
+20.8%
14.1%€66.89€39.57€32.1517
Dec ’23€47.74
€55.21
+15.7%
15.0%€67.45€38.95€32.7717

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 20:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Helmerich & Payne, Inc. is covered by 58 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Waqar SyedATB Capital Markets
James WestBarclays