Financials Schlumberger Limited

Equities

SLB

AN8068571086

Oil Related Services and Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-06-07 pm EDT			5-day change	1st Jan Change
44.55 ^USD	+2.04%		-2.92%	-14.39%

Jun. 03	John Cockerill S.A. announced that it expects to receive ?230 million in funding from Schlumberger Limited, Federal Holding and Investment Company, WALLONIE Entreprendre and other investor	CI
May. 31	US oil producers maintain modest growth as OPEC+ eyes extended cuts	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	55,652	30,388	42,009	75,806	74,327	63,677	-	-
Enterprise Value (EV) ¹	68,779	44,268	53,065	85,138	82,303	70,290	68,480	63,232
P/E ratio	-5.49 x	-2.88 x	22.7 x	22.4 x	17.9 x	12.7 x	10.6 x	9.53 x
Yield	4.98%	2.29%	1.67%	1.36%	1.97%	2.44%	2.68%	3.02%
Capitalization / Revenue	1.69 x	1.29 x	1.83 x	2.7 x	2.24 x	1.71 x	1.55 x	1.46 x
EV / Revenue	2.09 x	1.88 x	2.31 x	3.03 x	2.48 x	1.89 x	1.67 x	1.45 x
EV / EBITDA	10.4 x	10.3 x	10.8 x	13.1 x	10.2 x	7.63 x	6.47 x	5.56 x
EV / FCF	25.5 x	31.1 x	17.7 x	60 x	20.4 x	16 x	12.2 x	9.82 x
FCF Yield	3.92%	3.22%	5.65%	1.67%	4.91%	6.27%	8.22%	10.2%
Price to Book	2.3 x	2.51 x	2.79 x	4.29 x	3.48 x	2.62 x	2.21 x	1.83 x
Nbr of stocks (in thousands)	1,384,389	1,392,030	1,402,633	1,417,994	1,428,270	1,429,338	-	-
Reference price ²	40.20	21.83	29.95	53.46	52.04	44.55	44.55	44.55
Announcement Date	1/17/20	1/22/21	1/21/22	1/20/23	1/19/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	32,917	23,601	22,929	28,091	33,135	37,187	40,987	43,587
EBITDA ¹	6,610	4,286	4,912	6,521	8,106	9,211	10,587	11,372
EBIT ¹	3,021	1,720	2,792	4,374	5,794	6,782	8,027	8,615
Operating Margin	9.18%	7.29%	12.18%	15.57%	17.49%	18.24%	19.58%	19.76%
Earnings before Tax (EBT) ¹	-10,418	-11,298	2,374	4,271	5,282	6,426	7,795	8,606
Net income ¹	-10,137	-10,518	1,881	3,441	4,203	5,068	5,997	6,776
Net margin	-30.8%	-44.57%	8.2%	12.25%	12.68%	13.63%	14.63%	15.55%
EPS ²	-7.320	-7.570	1.320	2.390	2.910	3.514	4.213	4.676
Free Cash Flow ¹	2,695	1,424	2,997	1,418	4,038	4,404	5,628	6,442
FCF margin	8.19%	6.03%	13.07%	5.05%	12.19%	11.84%	13.73%	14.78%
FCF Conversion (EBITDA)	40.77%	33.22%	61.01%	21.75%	49.81%	47.82%	53.16%	56.65%
FCF Conversion (Net income)	-	-	159.33%	41.21%	96.07%	86.9%	93.86%	95.07%
Dividend per Share ²	2.000	0.5000	0.5000	0.7250	1.025	1.087	1.195	1.348
Announcement Date	1/17/20	1/22/21	1/21/22	1/20/23	1/19/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	6,225	5,962	6,773	7,477	7,879	7,736	8,099	8,310	8,990	8,707	9,102	9,477	9,818	9,600	10,153
EBITDA ¹	1,378	1,263	1,543	1,756	1,937	1,785	1,959	2,080	2,284	2,058	2,218	2,379	2,541	2,348	2,573
EBIT ¹	846	730	1,011	1,245	1,388	1,222	1,398	1,501	1,675	1,458	1,620	1,785	1,915	1,755	1,980
Operating Margin	13.59%	12.24%	14.93%	16.65%	17.62%	15.8%	17.26%	18.06%	18.63%	16.75%	17.79%	18.83%	19.51%	18.28%	19.5%
Earnings before Tax (EBT) ¹	755	638	1,152	1,134	1,347	1,161	1,293	1,395	1,433	1,357	1,543	1,715	1,824	1,686	1,916
Net income ¹	601	510	959	907	1,065	934	1,033	1,123	1,113	1,068	1,210	1,330	1,412	1,286	1,476
Net margin	9.65%	8.55%	14.16%	12.13%	13.52%	12.07%	12.75%	13.51%	12.38%	12.27%	13.29%	14.03%	14.38%	13.4%	14.54%
EPS ²	0.4200	0.3600	0.6700	0.6300	0.7400	0.6500	0.7200	0.7800	0.7700	0.7400	0.8342	0.9323	0.9920	0.8921	1.018
Dividend per Share ²	0.1250	0.1250	0.1750	0.1750	0.2500	0.2500	0.2500	0.2500	0.2750	0.2750	0.2754	0.2754	0.2754	0.2921	0.2988
Announcement Date	1/21/22	4/22/22	7/22/22	10/21/22	1/20/23	4/21/23	7/21/23	10/20/23	1/19/24	4/19/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	13,127	13,880	11,056	9,332	7,976	6,613	4,803	-
Net Cash position ¹	-	-	-	-	-	-	-	445
Leverage (Debt/EBITDA)	1.986 x	3.238 x	2.251 x	1.431 x	0.984 x	0.7179 x	0.4537 x	-
Free Cash Flow ¹	2,695	1,424	2,997	1,418	4,038	4,404	5,628	6,442
ROE (net income / shareholders' equity)	6.76%	5.34%	13.5%	20.7%	21.4%	21.8%	21.5%	21.4%
ROA (Net income/ Total Assets)	3.24%	1.94%	4.61%	8.13%	9.23%	9.74%	8.6%	-
Assets ¹	-312,938	-543,201	40,847	42,325	45,546	52,052	69,727	-
Book Value Per Share ²	17.50	8.680	10.70	12.50	14.90	17.00	20.10	24.30
Cash Flow per Share ²	4.320	2.720	3.290	3.780	4.600	4.940	5.490	6.290
Capex ¹	1,724	1,116	1,141	1,618	1,939	2,021	2,297	2,299
Capex / Sales	5.24%	4.73%	4.98%	5.76%	5.85%	5.44%	5.6%	5.27%
Announcement Date	1/17/20	1/22/21	1/21/22	1/20/23	1/19/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Schlumberger Limited

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

44.55 USD

Average target price

66.12 USD

Spread / Average Target

+48.41%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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