Slb N.V. logo SLB - Slb N.V.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 56
HOLD 6
SELL 4
STRONG
SELL
0
| PRICE TARGET: $63.83 DETAILS
HIGH: $71.00
LOW: $54.00
MEDIAN: $64.00
CONSENSUS: $63.83
UPSIDE: 18.60%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Oil & Gas E&P 85% confidence

Primary model: FCF at Price Deck × Multiple

Valuation Signal Overvalued Strong
Trading 40.6% above fair value
Current Price $53.82
Bear Case $20.62 61.7% downside ($20.62 - $53.82) / $53.82 = -61.7% FCF $3870M × 10x
Fair Value $38.29 28.9% downside ($38.29 - $53.82) / $53.82 = -28.9% FCF $4994M × 13x
Bull Case $60.50 12.4% upside ($60.50 - $53.82) / $53.82 = 12.4% FCF $6118M × 16x

Adjust Assumptions

75.0$/bbl
13.0x

Key Value Driver

Oil price assumption ($75/bbl base case)

Implied Market Multiple 17.6x

Plain-Language Summary

At $75/bbl oil with a 13x EV/FCF multiple, intrinsic value is $38.29 per share. Range: $20.62 (bear) to $60.50 (bull).

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (66 analysts) $63.83
Analyst Range $54.00 – $71.00
Divergence from AlphaVal 40%

Warnings

Where you think oil prices will settle long-term drives over 80% of this valuation. The biggest risk isn't the company itself — it's getting the commodity price wrong.
Wall Street's average price target is $63.83 (from 66 analysts). Our estimate is 40% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — commodity volumes do not compound
  • Geopolitical premiums are real but historically temporary
  • Reserve replacement ratio below 100% for 3 years is existential