Projected Income Statement: SLB N.V.

Forecast Balance Sheet: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 11,056 9,332 7,976 7,405 7,424 7,547 6,864 4,871
Change - -15.59% -14.53% -7.16% 0.26% 1.66% -9.05% -29.04%
Announcement Date 1/21/22 1/20/23 1/19/24 1/17/25 1/23/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,141 1,618 1,939 1,931 1,694 1,993 2,272 2,515
Change - 41.81% 19.84% -0.41% -12.27% 17.68% 13.95% 10.72%
Free Cash Flow (FCF) 1 2,997 1,418 4,038 3,990 4,115 4,343 5,102 6,107
Change - -52.69% 184.77% -1.19% 3.13% 5.55% 17.47% 19.69%
Announcement Date 1/21/22 1/20/23 1/19/24 1/17/25 1/23/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: SLB N.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 21.42% 23.21% 24.46% 24.99% 23.7% 21.85% 23.44% 23.96%
EBIT Margin (%) 12.18% 15.57% 17.49% 18.12% 16.28% 13.98% 16.18% 17.26%
EBT Margin (%) 10.35% 15.2% 15.94% 15.63% 12.02% 12.42% 14.73% 16.16%
Net margin (%) 8.2% 12.25% 12.68% 12.29% 9.45% 9.92% 11.9% 12.79%
FCF margin (%) 13.07% 5.05% 12.19% 11% 11.52% 11.75% 12.81% 14.4%
FCF / Net Income (%) 159.33% 41.21% 96.07% 89.44% 121.96% 118.46% 107.68% 112.61%

Profitability

        
ROA 4.61% 8.13% 9.23% 9.21% 8.11% 6.38% 7.72% 9.2%
ROE 13.53% 20.68% 21.36% 20.41% 16.96% 13.65% 17.62% 19.92%

Financial Health

        
Leverage (Debt/EBITDA) 2.25x 1.43x 0.98x 0.82x 0.88x 0.93x 0.74x 0.48x
Debt / Free cash flow 3.69x 6.58x 1.98x 1.86x 1.8x 1.74x 1.35x 0.8x

Capital Intensity

        
CAPEX / Current Assets (%) 4.98% 5.76% 5.85% 5.32% 4.74% 5.39% 5.7% 5.93%
CAPEX / EBITDA (%) 23.23% 24.81% 23.92% 21.29% 20.02% 24.68% 24.34% 24.75%
CAPEX / FCF (%) 38.07% 114.1% 48.02% 48.4% 41.17% 45.9% 44.52% 41.18%

Items per share

        
Cash flow per share 1 3.291 3.778 4.599 4.598 4.474 4.396 4.919 5.71
Change - 14.8% 21.74% -0.04% -2.69% -1.75% 11.9% 16.08%
Dividend per Share 1 0.5 0.725 1.025 1.1 1.14 1.175 1.23 1.315
Change - 45% 41.38% 7.32% 3.64% 3.04% 4.73% 6.89%
Book Value Per Share 1 10.72 12.45 14.95 15.56 18.99 17.89 18.3 19.39
Change - 16.2% 20.03% 4.13% 22.02% -5.8% 2.27% 5.96%
EPS 1 1.32 2.39 2.91 3.11 2.35 2.434 3.204 3.72
Change - 81.06% 21.76% 6.87% -24.44% 3.57% 31.64% 16.11%
Nbr of stocks (in thousands) 1,402,633 1,417,994 1,428,270 1,412,154 1,493,924 1,484,143 1,484,143 1,484,143
Announcement Date 1/21/22 1/20/23 1/19/24 1/17/25 1/23/26 - - -
1USD
Estimates
2026 *2027 *
P/E 20x 15.2x
PBR 2.72x 2.66x
EV / Sales 2.16x 1.99x
Yield 2.41% 2.52%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
30
Last Close Price
48.74USD
Average target price
62.48USD
Spread / Average Target
+28.20%

Quarterly revenue - Rate of surprise