Halliburton Company
Find Ratings ReportsHALLIBURTON CO's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. HALLIBURTON CO has average liquidity. Currently, the Quick Ratio is 1.27 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 18.15% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 5739.0 | 5582.0 |
EBITDA ($mil) | 1329.0 | 1212.0 |
EBIT ($mil) | 1073.0 | 976.0 |
Net Income ($mil) | 661.0 | 656.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 2264.0 | 2346.0 |
Total Assets ($mil) | 24683.0 | 23255.0 |
Total Debt ($mil) | 8973.0 | 9084.0 |
Equity ($mil) | 9391.0 | 7948.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 24.2 | 22.82 |
EBITDA Margin | 23.15 | 21.71 |
Operating Margin | 18.7 | 17.48 |
Sales Turnover | 0.93 | 0.87 |
Return on Assets | 10.68 | 6.75 |
Return on Equity | 28.09 | 19.78 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.06 | 2.05 |
Debt/Capital | 0.49 | 0.53 |
Interest Expense | 119.0 | 117.0 |
Interest Coverage | 9.02 | 8.34 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 889.0 | 902.0 |
Div / share | 0.16 | 0.12 |
EPS | 0.74 | 0.72 |
Book value / share | 10.56 | 8.81 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 7428611.0 | 6825054.0 |
BUY. HALLIBURTON CO's P/E ratio indicates a significant discount compared to an average of 28.12 for the Support Activities for Mining subsector and a significant discount compared to the S&P 500 average of 27.77. Conducting a second comparison, its price-to-book ratio of 3.57 indicates a discount versus the S&P 500 average of 4.65 and a premium versus the subsector average of 3.27. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. The valuation analysis reveals that, HALLIBURTON CO seems to be trading at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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HAL 12.88 | Peers 28.12 | HAL 9.70 | Peers 11.62 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. HAL is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. HAL is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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HAL 9.55 | Peers 11.69 | HAL 0.80 | Peers 0.97 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. HAL is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. HAL trades at a discount to its peers. |
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Price/Book |
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Earnings Growth |
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HAL 3.57 | Peers 3.27 | HAL 69.36 | Peers 218.01 | |||||||||||||||||||||
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. HAL is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, HAL is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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HAL 1.46 | Peers 1.81 | HAL 13.40 | Peers 21.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. HAL is trading at a discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. HAL significantly trails its peers on the basis of sales growth. |
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