Discounted Cash Flow

SLB Limited/N.V.

SLB · Based on 10 years of SEC filings · Converted from EUR to USD

Cash flow predictability 70/100 (stable) — FCF YoY std dev 43%, net income 61% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $32.3b $-2.0b $6.1b -6.1% $-1.24
2017 $35.4b (9.5%) $-1.7b (10.8%) $4.7b (-22.5%) -4.9% (18.5%) $-1.08 (12.9%)
2018 $38.1b (7.8%) $2.5b (242.1%) $5.5b (16.7%) 6.5% (231.8%) $1.54 (242.6%)
2019 $38.2b (0.3%) $-11.8b (-574.1%) $5.4b (-1.7%) -30.8% (-572.7%) $-7.32 (-575.3%)
2020 $27.4b (-28.3%) $-12.2b (-3.8%) $3.1b (-43.2%) -44.6% (-44.7%) $-7.57 (-3.4%)
2021 $26.6b (-2.8%) $2.2b (117.9%) $4.9b (58.2%) 8.2% (118.4%) $1.34 (117.7%)
2022 $32.6b (22.5%) $4.0b (82.9%) $3.6b (-25.0%) 12.2% (49.3%) $2.43 (81.3%)
2023 $38.5b (18.0%) $4.9b (22.1%) $7.1b (95.7%) 12.7% (3.6%) $2.95 (21.4%)
2024 $42.2b (9.5%) $5.2b (6.1%) $5.4b (-23.8%) 12.3% (-3.1%) $3.14 (6.4%)
2025 $41.5b (-1.6%) $3.9b (-24.4%) $7.0b (29.8%) 9.4% (-23.1%) $2.38 (-24.2%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in EUR. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model