What is Slb Limited worth?
With the base-case assumptions below, a discounted cash flow model on Slb Limited's reported free cash flow gives $69.00 per share. The share price was $50.20 on November 10, 2026, 27% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.5% | 10.0% | $40.75 | -19% |
| Base | 8.5% | 9.0% | $69.00 | +37% |
| Bull | 13.5% | 8.0% | $125.34 | +150% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $90.13 | $96.62 | $104.54 | $114.45 | $127.19 |
| 8.0% | $74.34 | $78.54 | $83.51 | $89.48 | $96.77 |
| 9.0% | $62.81 | $65.69 | $69.00 | $72.87 | $77.45 |
| 10.0% | $54.04 | $56.08 | $58.40 | $61.05 | $64.10 |
| 11.0% | $47.15 | $48.65 | $50.32 | $52.21 | $54.34 |
Where the presets come from
Base: years 1 to 5 grow at Slb Limited's revenue growth rate over the last 5 fiscal years (8.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions