Company Valuation: Baker Hughes Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 20,931 29,573 34,393 40,590 44,938 64,891 - -
Change - 41.29% 16.3% 18.02% 10.71% 44.4% - -
Enterprise Value (EV) 1 23,805 33,742 37,767 43,249 47,310 63,733 63,004 62,089
Change - 41.74% 11.93% 14.52% 9.39% 34.72% -1.14% -1.45%
P/E ratio -89.1x -48.4x 17.9x 13.8x 17.5x 24.6x 23.1x 20.7x
PBR 1.47x 2.07x 2.22x 2.4x 2.36x 3.11x 2.9x 2.86x
PEG - -0x -0x 0.2x -1.4x 10.89x 3.63x 1.8x
Capitalization / Revenue 1.02x 1.4x 1.35x 1.46x 1.62x 2.39x 2.24x 2.14x
EV / Revenue 1.16x 1.59x 1.48x 1.55x 1.71x 2.35x 2.18x 2.05x
EV / EBITDA 8.88x 11.3x 10x 9.42x 9.81x 13.3x 11.7x 10.4x
EV / EBIT 15.1x 17.6x 14.1x 12.5x 13x 18.3x 15.1x 13x
EV / FCF 13x 30.2x 18.5x 19.2x 17.3x 26.5x 23x 19.4x
FCF Yield 7.7% 3.31% 5.41% 5.22% 5.77% 3.77% 4.36% 5.17%
Dividend per Share 2 0.72 0.73 0.78 0.84 0.92 0.9364 0.9849 1.081
Rate of return 2.99% 2.47% 2.28% 2.05% 2.02% 1.43% 1.51% 1.65%
EPS 2 -0.27 -0.61 1.91 2.98 2.6 2.659 2.828 3.16
Distribution rate -267% -120% 40.8% 28.2% 35.4% 35.2% 34.8% 34.2%
Net sales 1 20,536 21,156 25,506 27,829 27,733 27,123 28,932 30,338
EBITDA 1 2,681 2,981 3,763 4,591 4,825 4,796 5,389 5,948
EBIT 1 1,576 1,920 2,676 3,455 3,637 3,480 4,174 4,762
Net income 1 -219 -601 1,943 2,979 2,588 2,594 2,667 3,116
Net Debt 1 2,874 4,169 3,374 2,659 2,372 -1,158 -1,887 -2,802
Reference price 2 24.06 29.53 34.18 41.02 45.54 65.41 65.41 65.41
Nbr of stocks (in thousands) 869,968 1,001,468 1,006,234 989,526 986,774 992,069 - -
Announcement Date 1/20/22 1/23/23 1/23/24 1/30/25 1/25/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.6x2.35x13.29x1.43% 64.89B
21.08x2.46x11.04x2.12% 82.8B
17.53x1.75x9.55x1.68% 34.27B
25.08x2.63x13.13x0.28% 28.98B
20.43x0.55x4.42x3.5% 10.43B
19.01x1.69x7.99x1% 7.85B
26.02x0.88x8.27x1.71% 7.35B
8.41x1.55x5.76x3.12% 6.95B
38.06x6.5x11.74x2.66% 6.72B
19.78x5.62x9.74x2.51% 6.45B
Average 22.00x 2.60x 9.49x 2% 25.67B
Weighted average by Cap. 22.07x 2.37x 11.05x 1.74%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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