HALLIBURTON CO (HAL) Fundamental Analysis & Valuation

NYSE:HAL • US4062161017

Current stock price

38.175 USD
+0.66 (+1.77%)
Last:

This HAL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAL Profitability Analysis

1.1 Basic Checks

  • In the past year HAL was profitable.
  • In the past year HAL had a positive cash flow from operations.
  • In the past 5 years HAL has always been profitable.
  • HAL had a positive operating cash flow in each of the past 5 years.
HAL Yearly Net Income VS EBIT VS OCF VS FCFHAL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B -4B

1.2 Ratios

  • HAL has a better Return On Assets (5.13%) than 71.67% of its industry peers.
  • With a decent Return On Equity value of 12.26%, HAL is doing good in the industry, outperforming 80.00% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 12.00%, HAL belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for HAL is in line with the industry average of 13.38%.
Industry RankSector Rank
ROA 5.13%
ROE 12.26%
ROIC 12%
ROA(3y)8.53%
ROA(5y)7.78%
ROE(3y)21.39%
ROE(5y)21.13%
ROIC(3y)14.44%
ROIC(5y)12.77%
HAL Yearly ROA, ROE, ROICHAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60

1.3 Margins

  • With a decent Profit Margin value of 5.78%, HAL is doing good in the industry, outperforming 65.00% of the companies in the same industry.
  • In the last couple of years the Profit Margin of HAL has declined.
  • HAL's Operating Margin of 13.93% is fine compared to the rest of the industry. HAL outperforms 70.00% of its industry peers.
  • HAL's Operating Margin has improved in the last couple of years.
  • HAL's Gross Margin of 15.71% is on the low side compared to the rest of the industry. HAL is outperformed by 75.00% of its industry peers.
  • HAL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 13.93%
PM (TTM) 5.78%
GM 15.71%
OM growth 3Y-2.73%
OM growth 5Y8.11%
PM growth 3Y-9.28%
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y7.99%
HAL Yearly Profit, Operating, Gross MarginsHAL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30

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6

2. HAL Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HAL is still creating some value.
  • HAL has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, HAL has less shares outstanding
  • Compared to 1 year ago, HAL has an improved debt to assets ratio.
HAL Yearly Shares OutstandingHAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
HAL Yearly Total Debt VS Total AssetsHAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • HAL has an Altman-Z score of 3.71. This indicates that HAL is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.71, HAL belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
  • HAL has a debt to FCF ratio of 4.28. This is a neutral value as HAL would need 4.28 years to pay back of all of its debts.
  • HAL has a Debt to FCF ratio (4.28) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.68 indicates that HAL is somewhat dependend on debt financing.
  • HAL's Debt to Equity ratio of 0.68 is on the low side compared to the rest of the industry. HAL is outperformed by 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.28
Altman-Z 3.71
ROIC/WACC1.45
WACC8.29%
HAL Yearly LT Debt VS Equity VS FCFHAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • HAL has a Current Ratio of 2.04. This indicates that HAL is financially healthy and has no problem in meeting its short term obligations.
  • HAL has a Current ratio (2.04) which is comparable to the rest of the industry.
  • HAL has a Quick Ratio of 1.51. This is a normal value and indicates that HAL is financially healthy and should not expect problems in meeting its short term obligations.
  • HAL has a Quick ratio (1.51) which is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.04
Quick Ratio 1.51
HAL Yearly Current Assets VS Current LiabilitesHAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. HAL Growth Analysis

3.1 Past

  • The earnings per share for HAL have decreased strongly by -19.06% in the last year.
  • The Earnings Per Share has been growing by 30.07% on average over the past years. This is a very strong growth
  • The Revenue has decreased by -3.31% in the past year.
  • The Revenue has been growing by 8.96% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.06%
EPS 3Y3.86%
EPS 5Y30.07%
EPS Q2Q%-1.43%
Revenue 1Y (TTM)-3.31%
Revenue growth 3Y3.01%
Revenue growth 5Y8.96%
Sales Q2Q%0.84%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.19% on average over the next years.
  • HAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.60% yearly.
EPS Next Y-7.02%
EPS Next 2Y5.66%
EPS Next 3Y8.44%
EPS Next 5Y7.19%
Revenue Next Year-1.26%
Revenue Next 2Y1.21%
Revenue Next 3Y2.19%
Revenue Next 5Y2.6%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HAL Yearly Revenue VS EstimatesHAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
HAL Yearly EPS VS EstimatesHAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2 3

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4

4. HAL Valuation Analysis

4.1 Price/Earnings Ratio

  • HAL is valuated correctly with a Price/Earnings ratio of 15.77.
  • Based on the Price/Earnings ratio, HAL is valued cheaper than 91.67% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of HAL to the average of the S&P500 Index (25.54), we can say HAL is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 16.97, which indicates a correct valuation of HAL.
  • Based on the Price/Forward Earnings ratio, HAL is valued a bit cheaper than the industry average as 78.33% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of HAL to the average of the S&P500 Index (22.70), we can say HAL is valued slightly cheaper.
Industry RankSector Rank
PE 15.77
Fwd PE 16.97
HAL Price Earnings VS Forward Price EarningsHAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAL is on the same level as its industry peers.
  • HAL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.12
EV/EBITDA 8.6
HAL Per share dataHAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The decent profitability rating of HAL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.52
EPS Next 2Y5.66%
EPS Next 3Y8.44%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. HAL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.84%, HAL has a reasonable but not impressive dividend return.
  • HAL's Dividend Yield is a higher than the industry average which is at 0.99.
  • Compared to an average S&P500 Dividend Yield of 1.89, HAL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.84%

5.2 History

  • The dividend of HAL is nicely growing with an annual growth rate of 16.61%!
  • HAL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • HAL has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)16.61%
Div Incr Years3
Div Non Decr Years3
HAL Yearly Dividends per shareHAL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 45.13% of the earnings are spent on dividend by HAL. This is a bit on the high side, but may be sustainable.
  • HAL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP45.13%
EPS Next 2Y5.66%
EPS Next 3Y8.44%
HAL Yearly Income VS Free CF VS DividendHAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B -4B
HAL Dividend Payout.HAL Dividend Payout, showing the Payout Ratio.HAL Dividend Payout.PayoutRetained Earnings

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HAL Fundamentals: All Metrics, Ratios and Statistics

HALLIBURTON CO

NYSE:HAL (3/24/2026, 1:01:07 PM)

38.175

+0.66 (+1.77%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)01-21
Earnings (Next)04-20
Inst Owners88.62%
Inst Owner Change1.09%
Ins Owners0.42%
Ins Owner Change1.75%
Market Cap31.97B
Revenue(TTM)22.18B
Net Income(TTM)1.28B
Analysts77.58
Price Target37.29 (-2.32%)
Short Float %4.56%
Short Ratio2.55
Dividend
Industry RankSector Rank
Dividend Yield 1.84%
Yearly Dividend0.68
Dividend Growth(5Y)16.61%
DP45.13%
Div Incr Years3
Div Non Decr Years3
Ex-Date03-04
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.08%
Min EPS beat(2)14.93%
Max EPS beat(2)25.23%
EPS beat(4)2
Avg EPS beat(4)9.46%
Min EPS beat(4)-1.38%
Max EPS beat(4)25.23%
EPS beat(8)3
Avg EPS beat(8)4.22%
EPS beat(12)7
Avg EPS beat(12)4.22%
EPS beat(16)11
Avg EPS beat(16)4.53%
Revenue beat(2)2
Avg Revenue beat(2)3.17%
Min Revenue beat(2)2.87%
Max Revenue beat(2)3.48%
Revenue beat(4)4
Avg Revenue beat(4)2.16%
Min Revenue beat(4)0.79%
Max Revenue beat(4)3.48%
Revenue beat(8)5
Avg Revenue beat(8)0.33%
Revenue beat(12)6
Avg Revenue beat(12)-0.06%
Revenue beat(16)8
Avg Revenue beat(16)0.33%
PT rev (1m)1.67%
PT rev (3m)23.34%
EPS NQ rev (1m)-0.36%
EPS NQ rev (3m)0.26%
EPS NY rev (1m)-0.3%
EPS NY rev (3m)0.64%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)0.71%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)0.39%
Valuation
Industry RankSector Rank
PE 15.77
Fwd PE 16.97
P/S 1.44
P/FCF 19.12
P/OCF 10.93
P/B 3.06
P/tB 4.25
EV/EBITDA 8.6
EPS(TTM)2.42
EY6.34%
EPS(NY)2.25
Fwd EY5.89%
FCF(TTM)2
FCFY5.23%
OCF(TTM)3.49
OCFY9.15%
SpS26.49
BVpS12.49
TBVpS8.98
PEG (NY)N/A
PEG (5Y)0.52
Graham Number26.08
Profitability
Industry RankSector Rank
ROA 5.13%
ROE 12.26%
ROCE 15.91%
ROIC 12%
ROICexc 13.53%
ROICexgc 16.32%
OM 13.93%
PM (TTM) 5.78%
GM 15.71%
FCFM 7.54%
ROA(3y)8.53%
ROA(5y)7.78%
ROE(3y)21.39%
ROE(5y)21.13%
ROIC(3y)14.44%
ROIC(5y)12.77%
ROICexc(3y)16.46%
ROICexc(5y)14.68%
ROICexgc(3y)19.81%
ROICexgc(5y)17.78%
ROCE(3y)19.16%
ROCE(5y)16.94%
ROICexgc growth 3Y-3.55%
ROICexgc growth 5Y11.59%
ROICexc growth 3Y-3.12%
ROICexc growth 5Y12.53%
OM growth 3Y-2.73%
OM growth 5Y8.11%
PM growth 3Y-9.28%
PM growth 5YN/A
GM growth 3Y-1.28%
GM growth 5Y7.99%
F-Score4
Asset Turnover0.89
Health
Industry RankSector Rank
Debt/Equity 0.68
Debt/FCF 4.28
Debt/EBITDA 1.69
Cap/Depr 110.39%
Cap/Sales 5.65%
Interest Coverage 7.16
Cash Conversion 69.22%
Profit Quality 130.32%
Current Ratio 2.04
Quick Ratio 1.51
Altman-Z 3.71
F-Score4
WACC8.29%
ROIC/WACC1.45
Cap/Depr(3y)127.4%
Cap/Depr(5y)115.63%
Cap/Sales(3y)5.98%
Cap/Sales(5y)5.63%
Profit Quality(3y)102%
Profit Quality(5y)92.13%
High Growth Momentum
Growth
EPS 1Y (TTM)-19.06%
EPS 3Y3.86%
EPS 5Y30.07%
EPS Q2Q%-1.43%
EPS Next Y-7.02%
EPS Next 2Y5.66%
EPS Next 3Y8.44%
EPS Next 5Y7.19%
Revenue 1Y (TTM)-3.31%
Revenue growth 3Y3.01%
Revenue growth 5Y8.96%
Sales Q2Q%0.84%
Revenue Next Year-1.26%
Revenue Next 2Y1.21%
Revenue Next 3Y2.19%
Revenue Next 5Y2.6%
EBIT growth 1Y-21.51%
EBIT growth 3Y0.19%
EBIT growth 5Y17.79%
EBIT Next Year32.78%
EBIT Next 3Y16.63%
EBIT Next 5Y11%
FCF growth 1Y-30.99%
FCF growth 3Y10.75%
FCF growth 5Y7.72%
OCF growth 1Y-24.29%
OCF growth 3Y9.28%
OCF growth 5Y9.24%

HALLIBURTON CO / HAL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for HALLIBURTON CO?

ChartMill assigns a fundamental rating of 5 / 10 to HAL.


What is the valuation status of HALLIBURTON CO (HAL) stock?

ChartMill assigns a valuation rating of 4 / 10 to HALLIBURTON CO (HAL). This can be considered as Fairly Valued.


Can you provide the profitability details for HALLIBURTON CO?

HALLIBURTON CO (HAL) has a profitability rating of 6 / 10.


What is the earnings growth outlook for HALLIBURTON CO?

The Earnings per Share (EPS) of HALLIBURTON CO (HAL) is expected to decline by -7.02% in the next year.


How sustainable is the dividend of HALLIBURTON CO (HAL) stock?

The dividend rating of HALLIBURTON CO (HAL) is 5 / 10 and the dividend payout ratio is 45.13%.