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Morningstar

Schlumberger Ltd SLB

Morningstar Rating
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Stock XNYS Rating as of
$49.55 +0.04 (0.08%)
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As of Delayed Price Post-Trading: $49.65 +0.10
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Company Report

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SLB Earnings: Digital and Integration Segment Continues to Shine

Stephen Ellis,

SLB posted impressive first-quarter earnings as its international market strength made up for weakness in North America. We see its 13% year-over-year revenue increase to $8.7 billion and a similar 15% year-over-year adjusted EBITDA bump as reinforcement of the company’s solid competitive position among peers. Both results were in line with our expectations for a strong start to 2024. At first glance, we do not anticipate a change to our $62 fair value estimate or narrow moat rating.

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Price vs Fair Value

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SLB is trading within a range we consider fairly valued.
Price
$49.51
Fair Value
$81.00
Uncertainty
High
1-Star Price
$17.70
5-Star Price
$38.10
Economic Moat
Hyqbx
Capital Allocation
Tzpmmjhvt

Bulls Say, Bears Say

Bulls

SLB’s routine investment in research and development have made it the leading innovator in oilfield services.

Bears

Decreased oil demand in the long run could limit SLB’s growth potential over time.

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News

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Trading Information

Previous Close Price
$49.51
Day Range
$48.93–49.84
52-Week Range
$42.73–62.12
Bid/Ask
$49.55 / $49.65
Market Cap
$70.82 Bil
Volume/Avg
11.1 Mil / 9.8 Mil

Key Statistics

Price/Earnings (Normalized)
16.56
Price/Sales
2.10
Dividend Yield (Trailing)
2.07%
Dividend Yield (Forward)
2.22%
Total Yield
3.05%

Company Profile

SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry’s leading innovators, which has earned it dominant share in numerous end markets.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Large Core
Total Number of Employees
111,000
Website
https://www.slb.com

Competitors

Valuation

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Metric
SLB
HAL
WFRD
Price/Earnings (Normalized)
 16.5612.3318.86
Price/Book Value
 3.413.678.97
Price/Sales
 2.101.521.66
Price/Cash Flow
 10.438.809.35
Price/Earnings
SLB
HAL
WFRD

Financial Strength

Metric
SLB
HAL
WFRD
Quick Ratio
 0.881.271.17
Current Ratio
 1.322.061.79
Interest Coverage
 11.306.683.46
Quick Ratio
SLB
HAL
WFRD

Profitability

Metric
SLB
HAL
WFRD
Return on Assets (Normalized)
 9.54%11.77%13.08%
Return on Equity (Normalized)
 22.91%32.42%92.12%
Return on Invested Capital (Normalized)
 14.48%18.20%25.21%
Return on Assets
SLB
HAL
WFRD
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