Stock Analysis on Net

Halliburton Co. (NYSE:HAL)

This company has been moved to the archive! The financial data has not been updated since February 13, 2019.

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Halliburton Co., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Net income (loss) attributable to company 1,656 (463) (5,763) (671) 3,500
Add: Net income attributable to noncontrolling interest 1 (5) (6) 4 1
Less: Income (loss) from discontinued operations, net (19) (2) (5) 64
Add: Income tax expense 157 1,131 (1,858) (274) 1,275
Earnings before tax (EBT) 1,814 682 (7,625) (936) 4,712
Add: Interest expense 598 705 698 463 396
Earnings before interest and tax (EBIT) 2,412 1,387 (6,927) (473) 5,108
Add: Depreciation, depletion and amortization 1,606 1,556 1,503 1,835 2,126
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,018 2,943 (5,424) 1,362 7,234

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Halliburton Co. EBITDA increased from 2016 to 2017 and from 2017 to 2018.

Enterprise Value to EBITDA Ratio, Current

Halliburton Co., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 35,869
Earnings before interest, tax, depreciation and amortization (EBITDA) 4,018
Valuation Ratio
EV/EBITDA 8.93
Benchmarks
EV/EBITDA, Competitors1
Schlumberger Ltd. 8.72

Based on: 10-K (reporting date: 2018-12-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Halliburton Co., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 35,869 49,490 55,991 32,211 42,232
Earnings before interest, tax, depreciation and amortization (EBITDA)2 4,018 2,943 (5,424) 1,362 7,234
Valuation Ratio
EV/EBITDA3 8.93 16.82 23.65 5.84
Benchmarks
EV/EBITDA, Competitors4
Schlumberger Ltd.

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

1 See details »

2 See details »

3 2018 Calculation
EV/EBITDA = EV ÷ EBITDA
= 35,869 ÷ 4,018 = 8.93

4 Click competitor name to see calculations.