Market Pulse50Neutral

SLB N.V.Opportunity Rank #76(SLB) Intrinsic Value & DCF Analysis (2026)

Sector: Energy

Current Price

$49.25

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$49.25
Price
$60.40
Intrinsic Value
Undervalued by 23%MOS: $48.32

Fundamental Score

70/100
Bullish

Weighted across 6 signals

Narrative Score

55/100
Improving

No change vs previous

The intrinsic value of SLB N.V. (SLB) is estimated at $60.40 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $49.25, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.01% long-term growth rate and an 8.50% discount rate (calculated: 7.63%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of SLB N.V. (SLB) is estimated at $60.40 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $49.25, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.01% long-term growth rate and an 8.50% discount rate (calculated: 7.63%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$60.40
22.64% upside
20% margin of safety: $48.32
Years: 10Growth Rate: -2.01%
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Capital Efficiency

Average Quarterly ROIC
3.34%
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

70/100
BullishWeighted across 6 signals
DCF Discount
22.6% discount to price
88
FCF Yield
11.1% trailing FCF yield
100
ROIC vs WACC
ROIC 3.3% vs WACC 9.0% (0.4x)
19
Net Debt / FCF
0.9x net debt to FCF
82
Buybacks
Share count flat
50
FCF CAGR (5Y)
14.5% 5Y FCF CAGR
97
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC.

Narrative Details

55/100
Improving
Vs 6-Month Baseline:Low (1st pct)Weighted across 6 recent drivers
Trend: Deteriorating downConfidence: 89%Updated: 1h ago
Sources: 74 (60 News · 14 Analyst)
Drivers(last 30 days)
13 regulatory scrutiny+0.4
46 news sentiment+0.1
Earnings beat+0.0
Analyst upgrades+0.0
Analyst downgrades-0.0
12 analyst reiterations0.0

Investment Coach

Updated 15h ago
BUYConfidence: 54%
Thesis
SLB N.V. is attractively valued with an estimated fair value 21.1% above its current price and exhibits healthy fundamentals including a strong free cash flow yield of 11.1%. Despite trailing returns relative to its cost of capital, the company shows constructive fundamental scores and potential for growth.
Key Risk
The company's return on invested capital remains below its weighted average cost of capital, indicating potential profitability challenges.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
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Historical Growth Rates
Free Cash Flow- - -Trend CAGR: -2.01%5 Year CAGR: 7.01%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$8,183$8,183$8,731$8,729$5,435$5,831$4,161$7,386$7,973$8,046$8,946$11,468$15,516$14,123$11,734$10,185$8,408$7,891$10,966$9,450$7,249

How Intrinziq Estimates Fair Value

Intrinziq estimates SLB N.V.'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.

SLB N.V.Energy

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.