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 59,575 - -
Change - 41.29% 16.3% 18.02% 10.71% 32.57% - -
Enterprise Value (EV) 1 23,805 33,742 37,767 43,249 47,310 58,791 57,977 56,743
Change - 41.74% 11.93% 14.52% 9.39% 24.27% -1.38% -2.13%
P/E ratio -89.1x -48.4x 17.9x 13.8x 17.5x 25.3x 21.7x 18.5x
PBR 1.47x 2.07x 2.22x 2.4x 2.36x 2.77x 2.55x 2.38x
PEG - -0x -0x 0.2x -1.4x -2.87x 1.3x 1.1x
Capitalization / Revenue 1.02x 1.4x 1.35x 1.46x 1.62x 2.2x 2.09x 2.03x
EV / Revenue 1.16x 1.59x 1.48x 1.55x 1.71x 2.17x 2.03x 1.94x
EV / EBITDA 8.88x 11.3x 10x 9.42x 9.81x 12.4x 11x 10.1x
EV / EBIT 15.1x 17.6x 14.1x 12.5x 13x 16.7x 14.3x 12.8x
EV / FCF 13x 30.2x 18.5x 19.2x 17.3x 24.2x 21.1x 18.1x
FCF Yield 7.7% 3.31% 5.41% 5.22% 5.77% 4.13% 4.75% 5.53%
Dividend per Share 2 0.72 0.73 0.78 0.84 0.92 0.9569 1.003 1.109
Rate of return 2.99% 2.47% 2.28% 2.05% 2.02% 1.59% 1.67% 1.85%
EPS 2 -0.27 -0.61 1.91 2.98 2.6 2.37 2.772 3.243
Distribution rate -267% -120% 40.8% 28.2% 35.4% 40.4% 36.2% 34.2%
Net sales 1 20,536 21,156 25,506 27,829 27,733 27,046 28,527 29,277
EBITDA 1 2,681 2,981 3,763 4,591 4,825 4,746 5,284 5,626
EBIT 1 1,576 1,920 2,676 3,455 3,637 3,514 4,065 4,417
Net income 1 -219 -601 1,943 2,979 2,588 2,357 2,720 3,194
Net Debt 1 2,874 4,169 3,374 2,659 2,372 -783.6 -1,598 -2,831
Reference price 2 24.06 29.53 34.18 41.02 45.54 60.07 60.07 60.07
Nbr of stocks (in thousands) 869,968 1,001,468 1,006,234 989,526 986,774 991,757 - -
Announcement Date 20/1/22 23/1/23 23/1/24 30/1/25 25/1/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.94x2.23x12.7x1.56% 59.57B
18.8x2.3x9.92x2.3% 78.69B
17.01x1.66x9.01x1.9% 31.35B
24.68x2.61x13.1x0.28% 28.81B
18.19x0.51x4.13x3.84% 9.48B
8.71x1.6x5.86x2.88% 7.05B
18.73x1.54x7.19x1.21% 7.16B
19.23x0.81x7.11x1.85% 6.86B
10.18x - - 3.72% 6.43B
13.55x1.38x6.33x6.23% 6.44B
Average 17.50x 1.63x 8.37x 2.58% 24.18B
Weighted average by Cap. 20.35x 2.05x 10.27x 2%

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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