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 59,106 - -
Change - 41.29% 16.3% 18.02% 10.71% 31.53% - -
Enterprise Value (EV) 1 23,805 33,742 37,767 43,249 47,310 58,591 57,181 56,760
Change - 41.74% 11.93% 14.52% 9.39% 23.85% -2.41% -0.74%
P/E ratio -89.1x -48.4x 17.9x 13.8x 17.5x 23.4x 20.4x 18.5x
PBR 1.47x 2.07x 2.22x 2.4x 2.36x 2.82x 2.59x 2.4x
PEG - -0x -0x 0.2x -1.4x -13.45x 1.4x 1.8x
Capitalization / Revenue 1.02x 1.4x 1.35x 1.46x 1.62x 2.16x 2.06x 2.01x
EV / Revenue 1.16x 1.59x 1.48x 1.55x 1.71x 2.14x 1.99x 1.93x
EV / EBITDA 8.88x 11.3x 10x 9.42x 9.81x 12x 10.8x 10.1x
EV / EBIT 15.1x 17.6x 14.1x 12.5x 13x 16.2x 14.2x 12.9x
EV / FCF 13x 30.2x 18.5x 19.2x 17.3x 23.8x 20x 17.9x
FCF Yield 7.7% 3.31% 5.41% 5.22% 5.77% 4.19% 4.99% 5.58%
Dividend per Share 2 0.72 0.73 0.78 0.84 0.92 0.94 1.004 1.121
Rate of return 2.99% 2.47% 2.28% 2.05% 2.02% 1.57% 1.68% 1.87%
EPS 2 -0.27 -0.61 1.91 2.98 2.6 2.555 2.93 3.229
Distribution rate -267% -120% 40.8% 28.2% 35.4% 36.8% 34.3% 34.7%
Net sales 1 20,536 21,156 25,506 27,829 27,733 27,424 28,695 29,382
EBITDA 1 2,681 2,981 3,763 4,591 4,825 4,866 5,276 5,599
EBIT 1 1,576 1,920 2,676 3,455 3,637 3,616 4,017 4,411
Net income 1 -219 -601 1,943 2,979 2,588 2,535 2,874 3,163
Net Debt 1 2,874 4,169 3,374 2,659 2,372 -515.7 -1,926 -2,347
Reference price 2 24.06 29.53 34.18 41.02 45.54 59.81 59.81 59.81
Nbr of stocks (in thousands) 869,968 1,001,468 1,006,234 989,526 986,774 988,237 - -
Announcement Date 1/20/22 A 1/23/23 A 1/23/24 A 1/30/25 A 1/25/26 A - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.41x2.14x12.04x1.57% 59.11B
16.26x2.07x8.77x2.52% 70.4B
15.43x1.53x8.33x2.03% 28.52B
21.65x2.27x11.41x0.32% 25.21B
12.29x - - 3.04% 7.43B
19.41x0.45x4.03x4.77% 7.36B
18.46x0.78x6.81x2.17% 6.69B
16.37x1.4x6.42x1.37% 6.51B
18.79x5.42x9.41x2.59% 6.18B
8.03x1.39x5.21x2.92% 6.14B
Average 17.01x 1.94x 8.05x 2.33% 22.35B
Weighted average by Cap. 18.54x 2.00x 9.54x 2.02%

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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