Schlumberger
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The last earnings update was 86 days ago. More info.
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SLB Share Price and Events
7 Day Returns
1 Year Returns
SLB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Schlumberger (SLB) | -5.1% | 6% | -15% | -41.4% | -52.6% | -65.4% |
| US Energy Services | -6.7% | -0.1% | -20% | -41.8% | -50% | -72.9% |
| US Market | -0.3% | 2.3% | 2.3% | 3.9% | 36.7% | 41.8% |
1 Year Return vs Industry and Market
- SLB matched the Energy Services industry (-41.8%) over the past year.
- SLB underperformed the Market in United States of America which returned 3.9% over the past year.
SLB Value
Is Schlumberger undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Schlumberger
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Schlumberger.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 30 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Energy Services Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.069 (1 + (1- 21%) (30.86%)) |
1.221 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.22 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.221 * 5.96%) |
10.01% |
Discounted Cash Flow Calculation for NYSE:SLB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Schlumberger is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.01%) |
|
|---|---|---|---|
| 2020 | 3,685.81 | Analyst x12 | 3,350.48 |
| 2021 | 4,101.28 | Analyst x4 | 3,388.97 |
| 2022 | 5,434.80 | Analyst x2 | 4,082.31 |
| 2023 | 5,635.00 | Analyst x1 | 3,847.60 |
| 2024 | 5,823.92 | Est @ 3.35% | 3,614.81 |
| 2025 | 6,008.30 | Est @ 3.17% | 3,389.97 |
| 2026 | 6,190.65 | Est @ 3.04% | 3,175.08 |
| 2027 | 6,372.88 | Est @ 2.94% | 2,971.18 |
| 2028 | 6,556.38 | Est @ 2.88% | 2,778.64 |
| 2029 | 6,742.23 | Est @ 2.83% | 2,597.44 |
| Present value of next 10 years cash flows | $33,196.48 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $6,742.23 × (1 + 2.73%) ÷ (10.01% – 2.73%) |
$95,162.28 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $95,162.28 ÷ (1 + 10.01%)10 |
$36,661.16 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $33,196.48 + $36,661.16 |
$69,857.64 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $69,857.64 / 1,385.12 |
$50.43 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $50.43 |
| Current discount | Discount to share price of
$38.71
= -1 x ($38.71 - $50.43) / $50.43 |
23.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Schlumberger's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Schlumberger's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Schlumberger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Schlumberger's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.47 |
| NYSE:SLB Share Price ** | NYSE (2019-07-19) in USD | $38.71 |
| United States of America Energy Services Industry PE Ratio | Median Figure of 31 Publicly-Listed Energy Services Companies | 17.44x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.92x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Schlumberger.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:SLB Share Price ÷ EPS (both in USD) = 38.71 ÷ 1.47 |
26.36x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schlumberger is overvalued based on earnings compared to the US Energy Services industry average.
- Schlumberger is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Schlumberger's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 26.36x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts |
25.1%per year |
| United States of America Energy Services Industry PEG Ratio | Median Figure of 27 Publicly-Listed Energy Services Companies | 0.54x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 26.36x ÷ 25.1% |
1.05x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schlumberger is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Schlumberger's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $26.06 |
| NYSE:SLB Share Price * | NYSE (2019-07-19) in USD | $38.71 |
| United States of America Energy Services Industry PB Ratio | Median Figure of 88 Publicly-Listed Energy Services Companies | 0.8x |
| United States of America Market PB Ratio | Median Figure of 5,248 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:SLB Share Price ÷ Book Value per Share (both in USD) = 38.71 ÷ 26.06 |
1.49x |
* Primary Listing of Schlumberger.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Schlumberger is overvalued based on assets compared to the US Energy Services industry average.
Value checks
We assess Schlumberger's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Energy Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Energy Services industry average (and greater than 0)? (1 check) Schlumberger has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SLB Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Schlumberger's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Schlumberger's earnings growth is expected to exceed the United States of America market average.
- Schlumberger's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:SLB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 30 Analysts | 25.1% |
| NYSE:SLB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 30 Analysts | 6.2% |
| United States of America Energy Services Industry Earnings Growth Rate | Market Cap Weighted Average | 37.4% |
| United States of America Energy Services Industry Revenue Growth Rate | Market Cap Weighted Average | 7.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 42,985 | 1 | ||
| 2022-12-31 | 40,821 | 9,485 | 4,235 | 2 |
| 2021-12-31 | 38,379 | 7,214 | 3,793 | 10 |
| 2020-12-31 | 35,946 | 6,470 | 3,002 | 30 |
| 2019-12-31 | 33,550 | 5,661 | 2,115 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 32,865 | 5,471 | 2,034 |
| 2018-12-31 | 32,815 | 5,713 | 2,138 |
| 2018-09-30 | 32,815 | 5,633 | -655 |
| 2018-06-30 | 32,215 | 5,704 | -755 |
| 2018-03-31 | 31,375 | 5,575 | -1,259 |
| 2017-12-31 | 30,440 | 5,663 | -1,505 |
| 2017-09-30 | 29,368 | 5,425 | 544 |
| 2017-06-30 | 28,482 | 4,933 | 177 |
| 2017-03-31 | 28,184 | 5,707 | -1,909 |
| 2016-12-31 | 27,810 | 6,261 | -1,687 |
| 2016-09-30 | 28,447 | 6,426 | -2,498 |
| 2016-06-30 | 29,901 | 7,563 | -1,686 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
All data from Schlumberger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | 3.15 | 3.15 | 3.15 | 1.00 |
| 2021-12-31 | 2.81 | 3.18 | 2.55 | 4.00 |
| 2020-12-31 | 2.15 | 2.80 | 1.52 | 18.00 |
| 2019-12-31 | 1.55 | 1.81 | 1.36 | 18.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.47 |
| 2018-12-31 | 1.54 |
| 2018-09-30 | -0.47 |
| 2018-06-30 | -0.54 |
| 2018-03-31 | -0.91 |
| 2017-12-31 | -1.08 |
| 2017-09-30 | 0.39 |
| 2017-06-30 | 0.13 |
| 2017-03-31 | -1.37 |
| 2016-12-31 | -1.24 |
| 2016-09-30 | -1.89 |
| 2016-06-30 | -1.31 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Schlumberger's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Schlumberger has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SLB Past Performance
How has Schlumberger performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Schlumberger's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Schlumberger has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Schlumberger has become profitable in the last year making it difficult to compare the US Energy Services industry average.
Earnings and Revenue History
All data from Schlumberger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 32,865.00 | 2,034.00 | 445.00 | 703.00 |
| 2018-12-31 | 32,815.00 | 2,138.00 | 444.00 | 702.00 |
| 2018-09-30 | 32,815.00 | -655.00 | 439.00 | 716.00 |
| 2018-06-30 | 32,215.00 | -755.00 | 449.00 | 728.00 |
| 2018-03-31 | 31,375.00 | -1,259.00 | 445.00 | 748.00 |
| 2017-12-31 | 30,440.00 | -1,505.00 | 432.00 | 787.00 |
| 2017-09-30 | 29,368.00 | 544.00 | 421.00 | 857.00 |
| 2017-06-30 | 28,482.00 | 177.00 | 398.00 | 921.00 |
| 2017-03-31 | 28,184.00 | -1,909.00 | 391.00 | 983.00 |
| 2016-12-31 | 27,810.00 | -1,687.00 | 403.00 | 1,012.00 |
| 2016-09-30 | 28,447.00 | -2,498.00 | 437.00 | 1,025.00 |
| 2016-06-30 | 29,901.00 | -1,686.00 | 468.00 | 1,045.00 |
| 2016-03-31 | 31,747.00 | 1,598.00 | 485.00 | 1,067.00 |
| 2015-12-31 | 35,475.00 | 2,072.00 | 494.00 | 1,094.00 |
| 2015-09-30 | 40,372.00 | 3,390.00 | 484.00 | 1,143.00 |
| 2015-06-30 | 44,544.00 | 4,350.00 | 486.00 | 1,170.00 |
| 2015-03-31 | 47,589.00 | 5,026.00 | 488.00 | 1,200.00 |
| 2014-12-31 | 48,580.00 | 5,643.00 | 475.00 | 1,217.00 |
| 2014-09-30 | 47,845.00 | 7,005.00 | 464.00 | 1,197.00 |
| 2014-06-30 | 46,808.00 | 6,770.00 | 448.00 | 1,182.00 |
| 2014-03-31 | 45,935.00 | 7,190.00 | 427.00 | 1,166.00 |
| 2013-12-31 | 45,266.00 | 6,801.00 | 416.00 | 1,174.00 |
| 2013-09-30 | 44,443.00 | 6,451.00 | 416.00 | 1,174.00 |
| 2013-06-30 | 43,333.00 | 6,097.00 | 402.00 | 1,180.00 |
| 2013-03-31 | 42,492.00 | 5,205.00 | 402.00 | 1,174.00 |
| 2012-12-31 | 41,731.00 | 5,230.00 | 405.00 | 1,153.00 |
| 2012-09-30 | 40,949.00 | 5,313.00 | 402.00 | 1,122.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Schlumberger has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Schlumberger used its assets less efficiently than the US Energy Services industry average last year based on Return on Assets.
- Schlumberger's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Schlumberger's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Energy Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Schlumberger has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SLB Health
How is Schlumberger's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Schlumberger's finances.
The net worth of a company is the difference between its assets and liabilities.
- Schlumberger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Schlumberger's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Schlumberger Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 36,524.00 | 16,548.00 | 2,155.00 |
| 2018-12-31 | 36,586.00 | 16,051.00 | 2,777.00 |
| 2018-09-30 | 36,948.00 | 17,374.00 | 2,854.00 |
| 2018-06-30 | 36,897.00 | 17,601.00 | 3,049.00 |
| 2018-03-31 | 37,326.00 | 18,112.00 | 4,165.00 |
| 2017-12-31 | 37,261.00 | 18,199.00 | 5,089.00 |
| 2017-09-30 | 40,010.00 | 17,204.00 | 4,952.00 |
| 2017-06-30 | 39,952.00 | 18,852.00 | 6,218.00 |
| 2017-03-31 | 41,054.00 | 19,024.00 | 7,353.00 |
| 2016-12-31 | 41,529.00 | 19,616.00 | 9,257.00 |
| 2016-09-30 | 42,574.00 | 21,309.00 | 10,756.00 |
| 2016-06-30 | 42,979.00 | 21,658.00 | 11,192.00 |
| 2016-03-31 | 35,662.00 | 21,514.00 | 14,432.00 |
| 2015-12-31 | 35,905.00 | 19,021.00 | 13,034.00 |
| 2015-09-30 | 38,179.00 | 12,272.00 | 6,605.00 |
| 2015-06-30 | 38,185.00 | 13,361.00 | 7,274.00 |
| 2015-03-31 | 37,866.00 | 12,786.00 | 6,803.00 |
| 2014-12-31 | 38,049.00 | 13,372.00 | 7,501.00 |
| 2014-09-30 | 40,687.00 | 13,092.00 | 6,759.00 |
| 2014-06-30 | 40,702.00 | 13,245.00 | 6,699.00 |
| 2014-03-31 | 40,180.00 | 12,489.00 | 7,078.00 |
| 2013-12-31 | 39,635.00 | 13,176.00 | 8,370.00 |
| 2013-09-30 | 38,031.00 | 12,414.00 | 6,435.00 |
| 2013-06-30 | 37,048.00 | 11,956.00 | 5,925.00 |
| 2013-03-31 | 35,781.00 | 11,100.00 | 5,561.00 |
| 2012-12-31 | 34,858.00 | 11,630.00 | 6,276.00 |
| 2012-09-30 | 34,311.00 | 11,189.00 | 4,764.00 |
- Schlumberger's level of debt (40.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (31.1% vs 40.4% today).
- Debt is well covered by operating cash flow (37%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
Financial health checks
We assess Schlumberger's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Schlumberger has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SLB Dividends
What is Schlumberger's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Schlumberger
shares you are expected to receive
$103
in your first year as a dividend.
Dividend Amount
- Schlumberger's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Schlumberger's dividend is above the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 30 Analyst Estimates (S&P Global) | See Below |
| United States of America Energy Services Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 3.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 2.00 | 5.00 |
| 2020-12-31 | 2.01 | 21.00 |
| 2019-12-31 | 2.00 | 21.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-18 | 2.000 | 4.833 |
| 2018-07-20 | 2.000 | 3.844 |
| 2018-04-25 | 2.000 | 2.913 |
| 2018-04-20 | 2.000 | 2.904 |
| 2017-10-20 | 2.000 | 2.990 |
| 2017-07-21 | 2.000 | 3.016 |
| 2017-01-20 | 2.000 | 2.697 |
| 2016-10-20 | 2.000 | 2.414 |
| 2016-07-27 | 2.000 | 2.508 |
| 2016-07-21 | 2.000 | 2.483 |
| 2016-04-27 | 2.000 | 2.589 |
| 2016-04-21 | 2.000 | 2.508 |
| 2015-10-15 | 2.000 | 2.753 |
| 2015-07-16 | 2.000 | 2.591 |
| 2015-04-16 | 2.000 | 2.235 |
| 2015-01-15 | 2.000 | 2.374 |
| 2014-10-16 | 1.600 | 1.795 |
| 2014-07-17 | 1.600 | 1.527 |
| 2014-04-17 | 1.600 | 1.508 |
| 2014-01-16 | 1.600 | 1.733 |
| 2013-10-17 | 1.250 | 1.390 |
| 2013-07-18 | 1.250 | 1.474 |
| 2013-04-18 | 1.250 | 1.685 |
| 2013-01-17 | 1.250 | 1.630 |
| 2012-10-18 | 1.100 | 1.554 |
| 2012-07-19 | 1.100 | 1.507 |
| 2012-04-19 | 1.100 | 1.651 |
| 2012-01-19 | 1.100 | 1.481 |
| 2011-10-20 | 1.000 | 1.410 |
| 2011-07-21 | 1.000 | 1.372 |
| 2011-04-21 | 1.000 | 1.175 |
| 2011-01-21 | 1.000 | 1.121 |
| 2010-10-21 | 0.840 | 1.075 |
| 2010-07-22 | 0.840 | 1.405 |
| 2010-04-22 | 0.840 | 1.385 |
| 2010-01-21 | 0.840 | 1.305 |
| 2009-10-22 | 0.840 | 1.289 |
| 2009-07-23 | 0.840 | 1.445 |
| 2009-04-23 | 0.840 | 1.551 |
| 2009-01-22 | 0.840 | 2.026 |
| 2008-10-16 | 0.840 | 1.880 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Schlumberger's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (0.7x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
Income/ dividend checks
We assess Schlumberger's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Schlumberger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Schlumberger has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SLB Management
CEO
| COMPENSATION | $16,199,200 |
| AGE | 51 |
| TENURE AS CEO | 7.9 years |
CEO Bio
Mr. Paal Kibsgaard has been the Chairman of the Board at Schlumberger Ltd since April 2015 and it's Chief Executive Officer since August 1, 2011. Mr. Kibsgaard served as the Chief Operating Officer of Schlumberger Ltd. from February 2010 to July 2011 and also served as its Group President of Reservoir Characterization since May 2009 and as Vice President of Personnel from April 2006 to November 2007. Mr. Kibsgaard served as President of Drilling & Measurements of Schlumberger Oilfield Services - Technologies (OFS) of Schlumberger Ltd., since February 2003 until April 2006. Mr. Kibsgaard was responsible for setting goals, direction and policies as well as managing the performance of this division within the Schlumberger Technology Corporation. He served as Vice President of Engineering, Manufacturing and Sustaining at Schlumberger Limited since November 2007 until May 2009. He served as the Wireline open hole business development manager based in Paris, responsible for product development and market introduction of new technology. In his previous position, Mr. Kibsgaard was the OFS Geomarket manager for the Caspian Geomarket (CAG). Based in Atyrau, Kazakhstan, he was responsible for setting up the CAG Geomarket structure and positioning all the Schlumberger Oilfield Services segments for the exciting future of Caspian Oil and Gas exploration and development activity. His earlier assignments included OFS Marketing in Paris and Wireline marketing manager in Scandinavia, based in Stavanger. He joined Schlumberger as an ID reservoir engineer in Saudi Arabia in 1997. Mr. Kibsgaard worked for ExxonMobil, with postings in Norway and Australia. He has been a Director of Schlumberger Ltd. since April 6, 2011. He holds a Master's degree in Petroleum Engineering from the Norwegian Institute of Technology, Trondheim.
CEO Compensation
- Paal's compensation has been consistent with company performance over the past year, both up more than 20%.
- Paal's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Schlumberger management team in years:
- The average tenure for the Schlumberger management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Paal Kibsgaard
Chairman of the Board & CEO
$16M
51
7.9 yrs
Simon Ayat
Executive VP & CFO
$6M
64
12.3 yrs
Ashok Belani
Executive Vice President of Technology
$5M
60
8.5 yrs
Khaled Al Mogharbel
Executive Vice President of Operations
$5M
48
0.5 yrs
Aaron Floridia
Senior Advisor to Chief Operating Officer
$4M
50
0.3 yrs
Olivier Le Peuch
Chief Operating Officer
$7M
55
0.4 yrs
Howard Guild
Chief Accounting Officer
47
14 yrs
Eric Abecassis
Chief Information Officer
2.3 yrs
Simon Farrant
Vice President of Investor Relations
54
5.4 yrs
Alex Juden
Secretary & General Counsel
$7M
58
10.3 yrs
Board of Directors Tenure
Average tenure and age of the Schlumberger board of directors in years:
- The tenure for the Schlumberger board of directors is about average.
Board of Directors
Paal Kibsgaard
Chairman of the Board & CEO
$16M
51
4.3 yrs
Miguel Galuccio
Director
$334K
50
2.3 yrs
Leo Reif
Director
$378K
68
12.5 yrs
Lubna Al-Olayan
Director
$329K
63
8.3 yrs
Indra Nooyi
Director
$336K
63
4.3 yrs
Peter L. Currie
Lead Independent Director
$401K
62
Nikolay Kudryavtsev
Director
$339K
68
12.5 yrs
Henri Seydoux
Director
$339K
58
10.5 yrs
Mark Papa
Director
$125K
72
0.8 yrs
Tatiana Mitrova
Director
$125K
44
0.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Apr 19 | Sell | Alexander Juden | Individual | 26. Apr 19 | 26. Apr 19 | -8,643 | $43.29 | $-374,187 | ||
| 23. Apr 19 | Sell | Simon Ayat | Individual | 22. Apr 19 | 22. Apr 19 | -25,000 | $46.10 | $-1,152,500 | ||
| 21. Dec 18 | Buy | Patrick Schorn | Individual | 20. Dec 18 | 20. Dec 18 | 10,000 | $37.55 | $375,500 | ||
| 30. Oct 18 | Sell | Simon Ayat | Individual | 24. Sep 18 | 30. Oct 18 | -60,000 | $62.00 | $-3,396,000 | ||
| 07. Sep 18 | Buy | Michael Marks | Individual | 06. Sep 18 | 06. Sep 18 | 8,000 | $60.31 | $482,480 | ||
Management checks
We assess Schlumberger's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Schlumberger has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SLB News
Simply Wall St News
Here's Why Schlumberger (NYSE:SLB) Can Manage Its Debt Responsibly
NYSE:SLB Historical Debt, July 8th 2019 How Strong Is Schlumberger's Balance Sheet? … Because it carries more debt than cash, we think it's worth watching Schlumberger's balance sheet over time. … Considering this range of data points, we think Schlumberger is in a good position to manage its debt levels.
Simply Wall St - – Full articleShareholders Should Look Hard At Schlumberger Limited’s (NYSE:SLB) 5.3% Return On Capital
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Schlumberger: 0.053 = US$3.1b ÷ (US$70b - US$12b) (Based on the trailing twelve months to March 2019.) So, Schlumberger has an ROCE of 5.3%.
Simply Wall St - – Full articleWhy We’re Not Impressed By Schlumberger Limited’s (NYSE:SLB) 5.3% ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Schlumberger: 0.053 = US$3.1b ÷ (US$70b - US$12b) (Based on the trailing twelve months to March 2019.) So, Schlumberger has an ROCE of 5.3%. … Due to the way the ROCE equation works, having large bills due in the near term can make it look as though a company has less capital employed, and thus a higher ROCE than usual.
Simply Wall St - – Full articleThe Schlumberger (NYSE:SLB) Share Price Is Down 65% So Some Shareholders Are Wishing They Sold
To wit, the Schlumberger Limited (NYSE:SLB) share price managed to fall 65% over five long years. … During five years of share price growth, Schlumberger moved from a loss to profitability. … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.
Simply Wall St - – Full articleHow Many Schlumberger Limited (NYSE:SLB) Shares Do Institutions Own?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Insider Ownership Of Schlumberger The definition of an insider can differ slightly between different countries, but members of the board of directors always count.
Simply Wall St - – Full articleRead This Before Buying Schlumberger Limited (NYSE:SLB) For Its Dividend
Is Schlumberger Limited (NYSE:SLB) a good dividend stock? … A dividend paying company with growing earnings can be rewarding in the long term. … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments.
Simply Wall St - – Full articleCalculating The Intrinsic Value Of Schlumberger Limited (NYSE:SLB)
by estimating the company's future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows
Simply Wall St - – Full articleIs Schlumberger Limited's (NYSE:SLB) Balance Sheet A Threat To Its Future?
the key to their continued success lies in its financial health. … Today we will look at Schlumberger’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleIs Schlumberger Limited (NYSE:SLB) Struggling With Its 5.6% Return On Capital Employed?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIs Schlumberger Limited (NYSE:SLB) Excessively Paying Its CEO?
Paal Kibsgaard became the CEO of Schlumberger Limited (NYSE:SLB) in 2011. … First, this article will compare CEO compensation with compensation at other large companies. … How Does Paal Kibsgaard's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleSLB Company Info
Description
Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company’s Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services. Its Drilling segment designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems, fluid systems and specialty equipment, production technology solutions, and engineered managed pressure and underbalanced drilling solutions; and offers environmental services and products. This segment also provides drilling and measurement, land drilling rigs, and related support services; and supplies well planning and drilling, engineering, supervision, logistics, procurement, and contracting services, as well as drilling rig management services. The company’s Production segment offers well services; coiled tubing equipment; hydraulic fracturing, multistage completions, perforating, coiled tubing equipment, and services; well completion services and equipment; artificial lift production equipment and optimization services; and production management services. Its Cameron segment offers integrated subsea production systems; drilling equipment and services; onshore and offshore platform wellhead systems and processing solutions; and valve products and measurement systems. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
Details
| Name: | Schlumberger Limited |
| SLB | |
| Exchange: | NYSE |
| Founded: | 1926 |
| $53,618,083,149 | |
| 1,385,122,272 | |
| Website: | http://www.slb.com |
| Address: |
Schlumberger Limited 5599 San Felipe, 17th Floor, Houston, Texas, 77056, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | SLB | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | SCL | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | SCL | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| SWX | SLB | Common Stock | SIX Swiss Exchange | CH | CHF | 02. Jan 1968 | |
| ENXTPA | SLB | Common Stock | Euronext Paris | FR | EUR | 02. Jan 1968 | |
| BASE | SLB | Common Stock | Buenos Aires Stock Exchange | AR | ARS | 02. Jan 1968 | |
| BMV | SLB N | Common Stock | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 | |
| BATS-CHIXE | SLBZ | Common Stock | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1968 | |
| BOVESPA | SLBG34 | BDR EACH REPR 1 COM USD0.01 | Bolsa de Valores de Sao Paulo | BR | BRL | 24. Aug 2012 | |
| BASE | SLB | CEDEAR EACH 3 REPR 1 ORD USD0.01 | Buenos Aires Stock Exchange | AR | ARS | 18. Jul 2001 |
Number of employees
Current staff
Industry
| Oil and Gas Equipment and Services | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/19 23:49 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/19 |
| Last earnings filing: | 2019/04/24 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
