Market Pulse44Neutral

SLB N.V.Opportunity Rank #154(SLB) Intrinsic Value & DCF Analysis (2026)

Sector: Energy

Current Price

$47.95

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$47.95
Price
$56.79
Intrinsic Value
Undervalued by 18%MOS: $45.43

Fundamental Score

63/100
Neutral

Weighted across 6 signals

Narrative Score

59/100
Improving

-1 vs previous

Trend Score

34/100
Weak

As of 2026-06-22

The intrinsic value of SLB N.V. (SLB) is estimated at $56.79 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $47.95, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.06% long-term growth rate and an 8.50% discount rate (calculated: 7.58%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of SLB N.V. (SLB) is estimated at $56.79 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $47.95, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a -2.06% long-term growth rate and an 8.50% discount rate (calculated: 7.58%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$56.79
18.44% upside
20% margin of safety: $45.43
Years: 10Growth Rate: -2.06%
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Capital Efficiency

Average Quarterly ROIC
2.91%
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

63/100
NeutralWeighted across 6 signals
DCF Discount
18.4% discount to price
81
FCF Yield
11.1% trailing FCF yield
100
ROIC vs WACC
ROIC 2.9% vs WACC 9.0% (0.3x)
16
Net Debt / FCF
1.0x net debt to FCF
59
Buybacks
Share count growing
30
FCF CAGR (5Y)
13.8% 5Y FCF CAGR
94
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Buybacks.

Narrative Details

59/100
Improving
-1 vs previousVs 6-Month Baseline:Below Avg (25th pct)Weighted across 5 recent drivers
Trend: Deteriorating downConfidence: 87%Updated: 18m ago
Sources: 73 (55 News · 18 Analyst)
Drivers(last 30 days)
7 regulatory scrutiny+0.5
46 news sentiment+0.4
Earnings beat+0.0
Margin pressure+0.0
18 analyst reiterations0.0

Trend Details

34/100
WeakAs of 2026-06-22308 daily bars used
Price vs 21 EMA-10.9%
Price vs 50 EMA-10.9%
3M Relative Strength vs SPY-11.9%
Price vs 21 EMA5 · -10.9%
Price vs 50 EMA9 · -10.9%
21 EMA vs 50 EMA50 · +0.0%
3M RS vs SPY12 · -11.9%
6M RS vs SPY82 · +13.6%
Distance from 52W High65 · -17.3%

Investment Coach

Updating... 12d ago
WATCHConfidence: 45%
Thesis
SLB N.V. shows a healthy free cash flow yield of 9.6% and an improving narrative score, indicating potential value despite returns currently trailing the estimated cost of capital. Fundamentals are constructive with a neutral score, suggesting cautious optimism for future performance.
Key Risk
The key risk is that SLB's return on invested capital remains below its weighted average cost of capital, which could limit value creation.
Signals To Watch
  • Watch for the stock price to move to at least a mid-teens discount to fair value.
  • Track the spread between ROIC and WACC for sustained improvement.
  • Follow the narrative trend for meaningful shifts in score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: -2.06%5 Year CAGR: 6.41%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009200820072006
$7,955$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. operates as a global technology provider for the energy sector. The company's operations are organized into four key divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. SLB delivers a wide array of services, including the development of oil and gas fields, hydrocarbon production optimization, carbon management solutions, and the integration of interconnected energy infrastructures. It also specializes in reservoir interpretation and processing of exploration data, alongside offering solutions for well construction and enhancing production efficiency. Their expertise extends to evaluating subsurface geology and fluid dynamics. The firm provides stimulation services, such as hydraulic fracturing, matrix stimulation, and water treatment, designed to restore or boost well productivity for oil and gas operators. Additionally, they offer essential intervention services. Within drilling operations, SLB furnishes mud logging, directional drilling, measurement-while-drilling (MWD), and logging-while-drilling (LWD) services, complemented by comprehensive engineering support. They supply advanced drilling fluid systems and are involved in the design, manufacturing, and marketing of both roller cone and fixed cutter drill bits. Their portfolio further includes bottom-hole assembly and borehole enlargement technologies. The company provides end-to-end well planning and drilling services, encompassing engineering, supervision, logistics, procurement, and third-party contracting, along with drilling rig management solutions. This covers a range of drilling equipment and services, including land drilling rigs. For production, SLB offers artificial lift solutions, an assortment of packers, safety valves, sand control technologies, and various intelligent monitoring systems. Their offerings extend to midstream production systems, specialized valves, chokes, actuators, and surface trees. A significant part of their business is OneSubsea, which delivers integrated solutions, products, and services for subsea applications, such as wellheads, subsea trees, manifolds, flowline connectors, control systems, and other connection technologies. Historically known as Schlumberger Limited, the company is slated to formally adopt its new name, SLB N.V., in October 2025. Established in 1926, SLB N.V. maintains its corporate headquarters in Houston, Texas.