Market Pulse44Neutral

Halliburton CompanyOpportunity Rank #107(HAL) Intrinsic Value & DCF Analysis (2026)

Sector: Energy

Current Price

$35.17

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$35.17
Price
$46.02
Intrinsic Value
Undervalued by 31%MOS: $36.82

Fundamental Score

66/100
Bullish

Weighted across 6 signals

Narrative Score

53/100
Weak

No change vs previous

Trend Score

32/100
Weak

As of 2026-06-22

The intrinsic value of Halliburton Company (HAL) is estimated at $46.02 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $35.17, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.01% long-term growth rate and a 9.00% discount rate (calculated: 7.43%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Halliburton Company (HAL) is estimated at $46.02 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $35.17, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.01% long-term growth rate and a 9.00% discount rate (calculated: 7.43%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$46.02
30.85% upside
20% margin of safety: $36.82
Years: 10Growth Rate: -2.01%
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Capital Efficiency

Average Quarterly ROIC
3.12%
Cost of Capital (estimated)9%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

66/100
BullishWeighted across 6 signals
DCF Discount
30.9% discount to price
100
FCF Yield
13.5% trailing FCF yield
100
ROIC vs WACC
ROIC 3.1% vs WACC 9.0% (0.3x)
17
Net Debt / FCF
1.3x net debt to FCF
51
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
8.7% 5Y FCF CAGR
69
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC.

Narrative Details

53/100
Weak
Vs 6-Month Baseline:Low (2nd pct)Weighted across 5 recent drivers
Trend: StableConfidence: 85%Updated: 8m ago
Sources: 45 (32 News · 13 Analyst)
Drivers(last 30 days)
25 news sentiment+0.3
6 regulatory scrutiny+0.0
Analyst upgrades+0.0
Earnings beat+0.0
12 analyst reiterations0.0

Trend Details

32/100
WeakAs of 2026-06-22308 daily bars used
3M Relative Strength vs SPY-18.5%
Price vs 21 EMA-9.1%
Price vs 50 EMA-9.7%
Price vs 21 EMA8 · -9.1%
Price vs 50 EMA11 · -9.7%
21 EMA vs 50 EMA44 · -0.7%
3M RS vs SPY4 · -18.5%
6M RS vs SPY85 · +15.9%
Distance from 52W High64 · -18.2%

Investment Coach

Updating... 12d ago
WATCHConfidence: 46%
Thesis
Halliburton Company presents a moderate upside potential of approximately 14.2% based on valuation, supported by healthy free cash flow yield and constructive fundamentals. However, returns currently trail the estimated cost of capital, indicating cautious optimism is warranted.
Key Risk
The key risk is the company's return on invested capital significantly underperforming its weighted average cost of capital, which may pressure valuation and returns.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC versus WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: -2.01%5 Year CAGR: 7.91%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$3,966$4,180$5,307$4,837$3,253$2,710$2,609$3,975$5,183$3,841-$905$5,090$7,345$7,381$7,220$6,637$4,281$4,270$5,150$4,309$4,548

How Intrinziq Estimates Fair Value

Intrinziq estimates Halliburton Company's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Halliburton CompanyEnergy

Halliburton Company (HAL) is a global supplier of products and services tailored for the energy sector. Its operations are structured into two primary divisions: Completion and Production, and Drilling and Evaluation. The Completion and Production segment focuses on enhancing well output through techniques like stimulation and sand control. It provides cementing services for well integrity, including casing and bonding, alongside a range of specialized downhole completion tools such as intelligent well systems, liner hangers, and multilateral solutions. This segment also supports production with offerings like coiled tubing, hydraulic workover units, pumping, and nitrogen services, in addition to managing pipeline and process services from initial setup (pre-commissioning, commissioning) through ongoing maintenance and eventual retirement (decommissioning). Furthermore, it supplies electrical submersible pumps and delivers artificial lift solutions. The Drilling and Evaluation segment offers a comprehensive suite of drilling fluids, including systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services. It also provides chemicals and associated services for oilfield completion, production, and downstream water and process treatment. This division includes advanced drilling systems, wireline and perforating services encompassing open-hole logging and cased-hole slickline operations, and a variety of drill bits (e.g., roller cone, fixed cutter), hole enlargement tools, and coring services. Moreover, it leverages cloud-based digital services and artificial intelligence on an open architecture to deliver subsurface insights, streamline well construction, and optimize reservoir and production management. Specialized testing and subsea services are also offered for reservoir information analysis and optimization strategies, alongside project management and integrated asset management services. Founded in 1919, Halliburton Company maintains its headquarters in Houston, Texas.