SLB
Exchange: NYSESector: EnergyIndustry: Oil & Gas Equipment & Services
SLB is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Did you know?
Earnings per share grew at a -0.7% CAGR.
Current Price
$56.15
+2.58%GoodMoat Value
$73.86
31.5% undervaluedProfile
Valuation (TTM)
Market Cap$83.88B
P/E24.86
EV$81.00B
P/B3.21
Shares Out1.49B
P/Sales2.35
Revenue$35.71B
EV/EBITDA12.32
SLB (SLB) Stock Analysis
GoodMoat Analysis
SLB is a global leader in oilfield services with a strong competitive moat, but its current valuation appears full relative to its modest growth. The GoodMoat target suggests a significant margin of safety, but the framework's quality and growth metrics require careful evaluation.
Read full analysis
SLB (formerly Schlumberger) provides a wide range of technology and services for the oil and gas industry, from exploration to production. Applying the GoodMoat framework, the company likely scores well in Moat Identification, particularly in areas like Niche Dominance as a mission-critical provider, Strategic Partnerships with major energy firms, Scale Privilege in global infrastructure, and Technology Leadership in complex reservoir services. These factors suggest a durable competitive advantage, likely meeting the 'Moat Score ≥ 5' threshold to proceed to the next analysis step. However, the Quality Indicators present a mixed picture. While the company is GAAP profitable with a 12.2% operating margin and manageable debt (Debt/Equity of 0.45), its 5.0% YoY revenue growth and 12.9% ROE are modest relative to the high-growth, high-return thresholds in the framework. The 5.3% FCF Yield is positive but not exceptional. The Decision Framework's valuation gate is critical. The GoodMoat target of $73.86 implies a substantial margin of safety of over 40% from the current $51.89 price, which would classify it as 'Deeply Undervalued'. Yet, this contrasts with a P/E of 23x for a company with 5% revenue growth, suggesting the market is not pricing in rapid expansion. A value investor should investigate this discrepancy further, focusing on the sustainability of cash flows, the drivers behind the target price, and how the company's quality profile aligns with the framework's 'High Quality' definition of 7+ Strong ratings. Analysis based on data as of 2024-05-15.
Market Cap$83.88B
Current Price$56.15
P/E Ratio24.86
Forward P/E—
PEG Ratio-0.84
EPS$2.35
Book Value$17.48
P/B Ratio3.21
SLB Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 7.3% FCF growth (CAGR)
Cash vs Debt
Net Debt: 8.6B
Revenue
32.9B
FY19
23.6B
FY20
22.9B
FY21
28.1B
FY22
33.1B
FY23
36.3B
FY24
35.7B
FY25
Net Income
—
FY19
—
FY20
1.9B
FY21
3.4B
FY22
4.2B
FY23
4.5B
FY24
3.4B
FY25
SLB 52-Week Range
$31.30
$56.15
50-Day MA: $50.30200-Day MA: $40.55
Did you know?
Earnings per share grew at a -0.7% CAGR.
SLB (SLB) Financial Summary
SLB (SLB) is a Energy company in the Oil & Gas Equipment & Services industry, listed on NYSE. The stock currently trades at $56.15 with a market capitalization of $83.88B.
Key valuation metrics include a P/E ratio of 24.86, price-to-book ratio of 3.21, and EPS of $2.35. The company reports a profit margin of 9.4% and return on equity of 12.9%.
SLB Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $83.88B |
| P/E Ratio | 24.86 |
| EPS | $2.35 |
| P/B Ratio | 3.21 |
| P/S Ratio | 2.35 |
| EV/EBITDA | 12.32 |
| Dividend Yield | 1.91% |
| Profit Margin | 9.4% |
| Return on Equity | 12.9% |
| Debt/Equity | 0.45 |
SLB Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $32.92B | $-10.14B |
| FY20 | $23.60B | $-10.52B |
| FY21 | $22.93B | $1.88B |
| FY22 | $28.09B | $3.44B |
| FY23 | $33.13B | $4.20B |
| FY24 | $36.29B | $4.46B |
| FY25 | $35.71B | $3.37B |
SLB (SLB) Valuation
Based on GoodMoat's DCF model, SLB has a fair value estimate of $73.86. At the current price of $56.15, the stock appears 24.0% undervalued relative to our intrinsic value estimate.
SLB Quality Indicators
SLB maintains a profit margin of 9.4% and an operating margin of 12.2%. Return on equity stands at 12.9%. The current ratio is 1.33. Debt-to-equity ratio is 0.45.
About SLB
SLB is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
SLB Free Cash Flow
SLB generated $4.12B in trailing twelve-month free cash flow, representing an FCF yield of 4.91%. This moderate FCF yield indicates reasonable cash generation.
SLB Shares Outstanding
SLB has 1.49 billion shares outstanding at a share price of $56.15, giving it a market capitalization of $83.88B.
SLB Recent Insider Trades
Recent insider transactions at SLB include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Le Peuch Olivier (Chief Executive Officer) | SELL | 25,000 | $1.26M |
| de La Chevardiere Patrick | SELL | 2,000 | $104200.00 |
| Le Peuch Olivier (Chief Executive Officer) | SELL | 25,000 | $1.30M |