Halliburton Valuation
Is HAL * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation 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 HAL * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HAL * (MX$657.7) is trading below our estimate of fair value (MX$857.79)
Significantly Below Fair Value: HAL * is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HAL *?
Key metric: As HAL * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is HAL *'s PE Ratio? | |
|---|---|
| PE Ratio | 11x |
| Earnings | US$2.55b |
| Market Cap | US$28.06b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.5x |
| Enterprise Value/EBITDA | 6.8x |
| PEG Ratio | 1.6x |
Price to Earnings Ratio vs Peers
How does HAL *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.9x | ||
VISTA A Vista Energy. de | 10.4x | 15.0% | Mex$110.0b |
TEN Tenaris | 7.8x | -7.3% | €19.8b |
BKR Baker Hughes | 19.5x | 10.6% | US$43.8b |
SLB Schlumberger | 13.9x | 10.8% | US$62.5b |
HAL * Halliburton | 11x | 6.8% | Mex$28.1b |
Price-To-Earnings vs Peers: HAL * is good value based on its Price-To-Earnings Ratio (11x) compared to the peer average (12.9x).
Price to Earnings Ratio vs Industry
How does HAL *'s PE Ratio compare vs other companies in the Global Energy Services Industry?
| 17 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 17 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: HAL * is good value based on its Price-To-Earnings Ratio (11x) compared to the Global Energy Services industry average (12x).
Price to Earnings Ratio vs Fair Ratio
What is HAL *'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 11x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HAL *'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$657.70 | Mex$787.17 +19.7% | 8.9% | Mex$1,020.70 | Mex$694.07 | n/a | 28 |
| Nov ’25 | Mex$561.61 | Mex$812.23 +44.6% | 10.5% | Mex$985.20 | Mex$689.64 | n/a | 28 |
| Oct ’25 | Mex$569.90 | Mex$829.15 +45.5% | 10.2% | Mex$984.40 | Mex$689.08 | n/a | 28 |
| Sep ’25 | Mex$606.00 | Mex$866.18 +42.9% | 7.6% | Mex$991.64 | Mex$773.48 | n/a | 27 |
| Aug ’25 | Mex$626.50 | Mex$822.17 +31.2% | 7.2% | Mex$931.10 | Mex$726.26 | n/a | 28 |
| Jul ’25 | Mex$653.17 | Mex$870.80 +33.3% | 7.1% | Mex$987.96 | Mex$713.52 | n/a | 28 |
| Jun ’25 | Mex$605.00 | Mex$795.62 +31.5% | 7.0% | Mex$896.55 | Mex$647.51 | n/a | 29 |
| May ’25 | Mex$617.35 | Mex$818.78 +32.6% | 8.8% | Mex$924.85 | Mex$548.06 | n/a | 30 |
| Apr ’25 | Mex$652.25 | Mex$797.97 +22.3% | 8.8% | Mex$916.03 | Mex$542.84 | n/a | 30 |
| Mar ’25 | Mex$600.00 | Mex$801.97 +33.7% | 8.8% | Mex$922.60 | Mex$546.72 | n/a | 30 |
| Feb ’25 | Mex$620.42 | Mex$806.31 +30.0% | 9.0% | Mex$922.67 | Mex$546.77 | n/a | 30 |
| Jan ’25 | Mex$583.30 | Mex$830.35 +42.4% | 9.2% | Mex$961.40 | Mex$583.71 | n/a | 30 |
| Dec ’24 | Mex$609.01 | Mex$841.77 +38.2% | 9.1% | Mex$969.28 | Mex$588.49 | n/a | 30 |
| Nov ’24 | Mex$682.00 | Mex$879.98 +29.0% | 9.1% | Mex$1,013.96 | Mex$615.62 | Mex$561.61 | 30 |
| Oct ’24 | Mex$685.90 | Mex$822.99 +20.0% | 10.8% | Mex$976.14 | Mex$592.65 | Mex$569.90 | 28 |
| Sep ’24 | Mex$678.00 | Mex$801.44 +18.2% | 10.2% | Mex$925.02 | Mex$582.42 | Mex$606.00 | 28 |
| Aug ’24 | Mex$651.00 | Mex$784.05 +20.4% | 10.1% | Mex$910.51 | Mex$573.28 | Mex$626.50 | 28 |
| Jul ’24 | Mex$570.00 | Mex$807.90 +41.7% | 12.7% | Mex$996.23 | Mex$584.00 | Mex$653.17 | 28 |
| Jun ’24 | Mex$515.00 | Mex$840.77 +63.3% | 12.3% | Mex$1,022.24 | Mex$599.25 | Mex$605.00 | 27 |
| May ’24 | Mex$566.00 | Mex$868.97 +53.5% | 11.9% | Mex$1,052.44 | Mex$616.95 | Mex$617.35 | 27 |
| Apr ’24 | Mex$565.73 | Mex$901.04 +59.3% | 11.4% | Mex$1,069.89 | Mex$627.18 | Mex$652.25 | 26 |
| Mar ’24 | Mex$674.00 | Mex$927.93 +37.7% | 11.2% | Mex$1,098.36 | Mex$643.87 | Mex$600.00 | 26 |
| Feb ’24 | Mex$763.00 | Mex$924.02 +21.1% | 10.2% | Mex$1,088.61 | Mex$732.00 | Mex$620.42 | 26 |
| Jan ’24 | Mex$703.44 | Mex$883.33 +25.6% | 11.6% | Mex$1,060.09 | Mex$687.10 | Mex$583.30 | 26 |
| Dec ’23 | Mex$715.00 | Mex$855.80 +19.7% | 11.4% | Mex$1,034.41 | Mex$670.45 | Mex$609.01 | 25 |
| Nov ’23 | Mex$707.61 | Mex$863.37 +22.0% | 13.8% | Mex$1,069.98 | Mex$653.88 | Mex$682.00 | 26 |
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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