Schlumberger logged a 1.3% change during today's afternoon session, and is now trading at a price of $37.73 per share.
Schlumberger returned losses of -30.6% last year, with its stock price reaching a high of $55.69 and a low of $36.52. Over the same period, the stock underperformed the S&P 500 index by -55.7%. AThe company's 50-day average price was $41.93. Schlumberger Limited engages in the provision of technology for the energy industry worldwide. Based in Houston, TX, the Large-Cap Energy company has 111,000 full time employees. Schlumberger has offered a 2.9% dividend yield over the last 12 months.
Generally Positive Cash Flows but an Average Current Ratio:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $32,815 | $32,917 | $23,601 | $22,929 | $28,091 | $33,135 |
| Operating Margins | 8% | -32% | -48% | 10% | 15% | 16% |
| Net Margins | 7% | -31% | -45% | 8% | 12% | 13% |
| Net Income (M) | $2,138 | -$10,137 | -$10,518 | $1,881 | $3,441 | $4,203 |
| Net Interest Expense (M) | $575 | $609 | $563 | $539 | $490 | $503 |
| Depreciation & Amort. (M) | $3,556 | $3,589 | $2,566 | $2,120 | $2,147 | $2,312 |
| Diluted Shares (M) | 1,393 | 1,385 | 1,390 | 1,427 | 1,437 | 1,443 |
| Earnings Per Share | $1.53 | -$7.32 | -$7.57 | $1.32 | $2.39 | $2.91 |
| EPS Growth | n/a | -578.43% | -3.42% | 117.44% | 81.06% | 21.76% |
| Avg. Price | $53.89 | $34.76 | $19.66 | $28.35 | $39.35 | $37.73 |
| P/E Ratio | 34.99 | -4.75 | -2.6 | 21.16 | 16.19 | 12.79 |
| Free Cash Flow (M) | $3,553 | $3,707 | $1,828 | $3,510 | $2,102 | $4,698 |
| CAPEX (M) | $2,160 | $1,724 | $1,116 | $1,141 | $1,618 | $1,939 |
| EV / EBITDA | 14.42 | -9.12 | -4.97 | 11.62 | 10.35 | 8.29 |
| Total Debt (M) | $16,051 | $15,294 | $16,886 | $14,195 | $12,226 | $11,965 |
| Net Debt / EBITDA | 2.37 | -2.07 | -1.84 | 2.77 | 1.65 | 1.19 |
| Current Ratio | 1.17 | 1.19 | 1.23 | 1.22 | 1.25 | 1.32 |
Schlumberger has strong operating margins with a positive growth rate and generally positive cash flows. Additionally, the company's financial statements display a strong EPS growth trend and healthy leverage levels. Furthermore, Schlumberger has slight revenue growth and a flat capital expenditure trend and just enough current assets to cover current liabilities, as shown by its current ratio of 1.32.
a Very Low P/E Ratio but Trades Above Its Graham Number:
Schlumberger has a trailing twelve month P/E ratio of 13.5, compared to an average of 13.62 for the Energy sector. Based on its EPS guidance of $3.67, the company has a forward P/E ratio of 11.4. The 13.3% compound average growth rate of Schlumberger's historical and projected earnings per share yields a PEG ratio of 1.01. This implies that the shares are fairly valued. In contrast, Schlumberger is likely overvalued compared to the book value of its equity, since its P/B ratio of 2.48 is higher than the sector average of 1.86. The company's shares are currently trading 24.6% below their Graham number.
Schlumberger Has an Average Rating of Buy:
The 29 analysts following Schlumberger have set target prices ranging from $46.0 to $65.0 per share, for an average of $55.99 with a buy rating. The company is trading -32.6% away from its average target price, indicating that there is an analyst consensus of strong upside potential.
Schlumberger has an average amount of shares sold short because 2.9% of the company's shares are sold short. Institutions own 84.6% of the company's shares, and the insider ownership rate stands at 0.2%, suggesting a small amount of insider investors. The largest shareholder is Vanguard Group Inc, whose 10% stake in the company is worth $5,147,694,411.
