Halliburton Company

BATS-CHIXE:HALD Stock Report

Market Cap: €25.0b

Halliburton Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: HALD (€30.51) is trading below our estimate of fair value (€55.55)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for HALD. This is calculated by dividing HALD's market cap by their current earnings.
What is HALD's PE Ratio?
PE Ratio9.9x
EarningsUS$2.55b
Market CapUS$26.37b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for HALD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.1x
HTG Hunting
4.6x-7.9%UK£478.4m
GMS Gulf Marine Services
5.5x16.0%UK£172.3m
27.7x29.3%UK£59.2b
HBR Harbour Energy
46.8x14.4%UK£3.6b
HALD Halliburton
9.9x6.8%€26.4b

Price-To-Earnings vs Peers: HALD is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (21.1x).


Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies8PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HALD is expensive based on its Price-To-Earnings Ratio (9.9x) compared to the European Energy Services industry average (9.3x).


Price to Earnings Ratio vs Fair Ratio

What is HALD'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.

HALD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HALD'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 HALD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€36.51
0%
8.9%€47.34€32.19n/a28
Nov ’25n/a
€37.86
0%
10.5%€45.93€32.15n/a28
Oct ’25€25.64
€37.82
+47.5%
10.2%€44.91€31.43n/a28
Sep ’25n/a
€39.43
0%
7.6%€45.15€35.21n/a27
Aug ’25n/a
€40.79
0%
7.2%€46.20€36.03n/a28
Jul ’25€32.27
€44.43
+37.7%
7.1%€50.41€36.41n/a28
Jun ’25n/a
€44.07
0%
7.0%€49.66€35.87n/a29
May ’25n/a
€44.79
0%
8.8%€50.59€29.98n/a30
Apr ’25n/a
€43.33
0%
8.8%€49.74€29.48n/a30
Mar ’25n/a
€43.52
0%
8.8%€50.06€29.67n/a30
Feb ’25€34.14
€43.41
+27.2%
9.0%€49.68€29.44n/a30
Jan ’25n/a
€44.30
0%
9.2%€51.30€31.14n/a30
Dec ’24n/a
€44.85
0%
9.1%€51.64€31.35€30.5130
Nov ’24n/a
€46.00
0%
9.1%€53.00€32.18n/a30
Oct ’24€39.10
€44.66
+14.2%
10.8%€52.97€32.16€25.6428
Sep ’24n/a
€43.03
0%
10.2%€49.66€31.27n/a28
Aug ’24€35.04
€42.34
+20.8%
10.1%€49.17€30.96n/a28
Jul ’24n/a
€43.18
0%
12.7%€53.25€31.22€32.2728
Jun ’24n/a
€44.47
0%
12.3%€54.07€31.69n/a27
May ’24n/a
€43.40
0%
11.9%€52.57€30.81n/a27
Apr ’24n/a
€45.40
0%
11.4%€53.91€31.60n/a26
Mar ’24n/a
€45.74
0%
11.2%€54.14€31.74n/a26
Feb ’24n/a
€45.39
0%
10.2%€53.47€35.95€34.1426
Jan ’24n/a
€42.63
0%
11.6%€51.16€33.16n/a26
Dec ’23n/a
€42.44
0%
11.4%€51.30€33.25n/a25

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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