SLB N.V.

SLB N.V.

SLBยทNYSE

$56.85

+0.51%
EnergyOil & Gas Equipment & Services

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. The company was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. SLB N.V. was founded in 1926 and is based in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$84.99B
EPS2.3800
P/E Ratio23.89
Earnings Date07/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 23.9).

Valuation inputs: P/E 23.9, earnings yield +4.2%, momentum +0.5%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +12.8%, ROIC +10.3%).

Profitability stack: net margin +9.4%, ROE +12.8%, ROIC +10.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +50.3%, momentum +0.5%, net margin +9.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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SLB N.V. Market vs Earnings Trajectory

SLB ยท NYSE

Loading price and EPS data...

SLB N.V.

SLB N.V. Fair Value Envelope

SLB ยท NYSE

Our analysis suggests that SLB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $56.85, this represents a potential HIDDEN relative to our calculated worth for SLB N.V..

Intrinsic Value
Current Price: $56.85
3Y-2.0%
5Y-132.0%
10Y-292.0%
3Y+27.0%
5Y+51.0%
10Y+28.0%
3Y-3.0%
5Y-132.0%
10Y-299.0%
3Y+74.0%
5Y+120.0%
10Y+4.0%
3Y+139.0%
5Y+178.0%
10Y+34.0%
3Y+27.0%
5Y+29.0%
10Y-30.0%
SLB N.V.

SLB N.V. Profit Bridge

SLB ยท NYSE
Revenue35.71B
Cost of Goods Sold (29.20B)
Gross Profit6.50B
Operating Expenses (1.05B)
Operating Income5.46B
Interest Expense (557.00M)
Other Income/Expense-1.17B
Pretax Income4.29B
Income Tax (816.00M)
Net Income3.35B
Net Income
3.35B

Profitability Analysis

Gross Margin

18.2%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

15.3%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

9.4%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

19.0%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

18.21%
Gross Profit Margin
-11%
3Y-1.0%
5Y+65.0%
10Y+37.0%
15.28%
Operating Profit Margin
-12%
3Y+3.0%
5Y+118.0%
10Y+86.0%
9.38%
Net Profit Margin
-24%
3Y-23.0%
5Y-121.0%
10Y-255.0%
12.83%
Return on Equity
-39%
3Y-34.0%
5Y-115.0%
10Y-412.0%
6.11%
Return on Assets
-33%
3Y-23.0%
5Y-125.0%
10Y-382.0%
10.34%
Return on Invested Capital
-25%
3Y-
5Y+121.0%
10Y+250.0%
SLB

SLB N.V. Cash Conversion Engine

SLB ยท NYSE
Net Income3.37B
Depreciation & Amortization2.64B
Stock-Based Compensation332.00M
Change in Working Capital53.00M
Others342.00M
Capital Expenditures-1.69B
Free Cash Flow4.79B

Cash Flow Quality Analysis

FCF Conversion Rate

142.1%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

26.1%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+7.2%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$53.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

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SLB N.V. Funding & Solvency Profile

SLB ยท NYSE
Cash & Cash Equivalents2.82B
Net Receivables9.04B
Inventory5.27B
Other Current Assets1.64B
Total Current Assets19 B
Property, Plant & Equipment7.75B
Goodwill & Intangible Assets21.75B
Long-Term Investments1.78B
Other Non-Current Assets3.91B
Total Non-Current Assets13 B
Total Assets
54.53B

Financial Health Analysis

Current Ratio

1.34x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

0.99x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

5 B

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

35% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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SLB N.V. Street Expectations Map

SLB ยท NYSE

Wall Street analysts project that SLB stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 60.00, with estimates ranging from a low of 48.00 to a high of 71.00.

Lowest Target
48.00
-15.57%
Consensus Target
60.00
5.54%
Highest Target
71.00
24.89%

The consensus 1-year price target stands at 60.00, with estimates ranging from a low of 48.00 to a high of 71.00.

Analyst Consensus Analysis

Upside Potential

+5.5%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

38.3% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

1.60x

Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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SLB N.V. Insider Positioning

SLB ยท NYSE

During the last 12 months, insiders have sold $19.79M worth of SLB shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

76.0K

4.13M

Net Activity

-4.1M

-$4.13M

3-6 Months

Bought

0

0.00

Sold

206.9K

10.36M

Net Activity

-10.4M

-$10.36M

6-9 Months

Bought

0

0.00

Sold

143.7K

5.30M

Net Activity

-5.3M

-$5.30M

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
LPO

Le Peuch Olivier

Director, Officer: Chief Executive Officer

100.0K sharesโ€ข4 transactions

$5.25M

2
MA

Merad Abdellah

Officer: Evp, Core Services & Equipment

120.0K sharesโ€ข2 transactions

$5.24M

3
BS

Biguet Stephane

Officer: Evp & Cfo

99.5K sharesโ€ข2 transactions

$4.45M

4
RDB

Ralston Dianne B.

Officer: Chief Legal Officer & Sec

58.3K sharesโ€ข2 transactions

$2.35M

5
GSM

Gassen Steve Matthew

Officer: Evp, Geographies

20.0K sharesโ€ข1 transactions

$1.12M

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $19.79M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$4.13M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.55%
Dividend Yield
-27%
3Y+56.0%
5Y+21.0%
10Y-3.0%
ย 

slb Dividend History

SLB
10Y CAGR 5%
Latest $0.295
Annual $1.445
Stable dividend payments
Last Period: +0%