Iran-backed Houthi rebels have taken control of the Bab al-Mandeb strait, according to several news reports. Also, last week, drone attacks damaged the critical East-West pipeline, forcing Saudi Arabia to shut it down.
Baker Hughes will grow far faster than its oilfield peers. Investors don’t fully appreciate the growth opportunities in its IET portfolio and a rerating through the successful integration of Chart Industries.
Baker Hughes is priced for perfection; bulls assign it an inflated multiple relative to peers that either is not justified by its returns profile or assumes no midcycle reversion.
|
Metric
|
BKR
|
ENR
|
SLB
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.75 | 41.49 | 19.39 |
Price/Book Value | 2.77 | 11.34 | 2.77 |
Price/Sales | 2.00 | 2.98 | 2.02 |
Price/Cash Flow | 16.73 | 24.45 | 11.20 |
|
Metric
|
BKR
|
ENR
|
SLB
|
|---|---|---|---|
Quick Ratio | 1.53 | 0.61 | 0.94 |
Current Ratio | 2.09 | 0.90 | 1.44 |
Interest Coverage | 14.11 | 19.83 | 8.41 |
|
Metric
|
BKR
|
ENR
|
SLB
|
|---|---|---|---|
Return on Assets (Normalized) | 6.90% | 7.42% | 7.11% |
Return on Equity (Normalized) | 16.33% | 41.57% | 15.37% |
Return on Invested Capital (Normalized) | 11.37% | 29.64% | 10.72% |
|
1-Day Chart
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United States