Baker Hughes Co - Ordinary Shares - Class A

Baker Hughes Co - Ordinary Shares - Class A

BKR

Market Cap$42.56B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Baker Hughes Co - Ordinary Shares - Class ABaker Hughes Co - Ordinary Shares - Class A19.12.44%12%1.60.6

Earnings Call Q3 2024

October 23, 2024 - AI Summary

**Strong Financial Performance**: Baker Hughes reported a record quarterly EBITDA of approximately $1.21 billion, reflecting a 23% year-over-year increase. EBITDA margins improved to 17.5%, the highest since 2017, with both the Industrial and Energy Technology (IET) and Oilfield Services & Equipment (OFSE) segments demonstrating strong margin expansion, particularly in gas technology services which are expected to grow significantly due to increased LNG installations.
**Robust Order Book**: Total company orders reached $6.7 billion, with IET contributing $2.9 billion, marking the eighth consecutive quarter of orders at or above this level. The company expects to exceed the high end of its $800 million to $1 billion order guidance for new energy, and anticipates further growth in gas infrastructure projects, underlining the underlying demand for its service offerings.
**Positive Outlook for Margins**: Baker Hughes is firmly targeting a 20% EBITDA margin for IET by 2026, driven by continued productivity improvements, higher-margin backlog conversion, and cost efficiencies. The company has already achieved significant margin improvements this year, with IET EBITDA margins increasing 2.9 percentage points year-over-year to 17.9%.

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$44.29

Target Price by Analysts

0.4% upsideBaker Hughes Co Target Price DetailsTarget Price
$20.20

Current Fair Value

54.2% downside

Overvalued by 54.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$42.56 Billion
Enterprise Value$51.62 Billion
Dividend Yield$0.84 (2.44100895036615%)
Earnings per Share$1.93
Beta1.36
Outstanding Shares993,000,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio19.07
PEG39.83
Price to Sales1.63
Price to Book Ratio2.45
Enterprise Value to Revenue1.89
Enterprise Value to EBIT17.87
Enterprise Value to Net Income23
Total Debt to Enterprise0.23
Debt to Equity0.62

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Baker Hughes Co

CEO: Martin Craighead