Stock Analysis on Net
Stock Analysis on Net
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EOG Resources Inc. (NYSE:EOG)

This company was transferred to the archive: financial data is no longer updated!

Enterprise Value to EBITDA (EV/EBITDA)

Intermediate level

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

EOG Resources Inc., EBITDA calculation

US$ in thousands

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net income (loss) 2,734,910  3,419,040  2,582,579  (1,096,686) (4,524,515)
Add: Income tax expense 810,357  821,958  (1,921,397) (460,819) (2,397,041)
Earnings before tax (EBT) 3,545,267  4,240,998  661,182  (1,557,505) (6,921,556)
Add: Net interest expense 185,129  245,052  274,372  281,681  237,393 
Earnings before interest and tax (EBIT) 3,730,396  4,486,050  935,554  (1,275,824) (6,684,163)
Add: Depreciation, depletion and amortization 3,749,704  3,435,408  3,409,387  3,553,417  3,313,644 
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,480,100  7,921,458  4,344,941  2,277,593  (3,370,519)

Based on: 10-K (filing date: 2020-02-27), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-25).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. EOG Resources Inc.’s EBITDA increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Enterprise Value to EBITDA Ratio, Current

EOG Resources Inc., current EV/EBITDA calculation, comparison to benchmarks

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Selected Financial Data (US$ in thousands)
Enterprise value (EV) 24,212,022 
Earnings before interest, tax, depreciation and amortization (EBITDA) 7,480,100 
Valuation Ratio
EV/EBITDA 3.24
Benchmarks
EV/EBITDA, Competitors1
Chevron Corp. 4.40
ConocoPhillips 2.41
Exxon Mobil Corp. 4.92
EV/EBITDA, Sector
Oil & Gas Producers 4.27

Based on: 10-K (filing date: 2020-02-27).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

EOG Resources Inc., historical EV/EBITDA calculation, comparison to benchmarks

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 38,070,738  59,000,426  67,432,214  61,864,092  43,608,770 
Earnings before interest, tax, depreciation and amortization (EBITDA)2 7,480,100  7,921,458  4,344,941  2,277,593  (3,370,519)
Valuation Ratio
EV/EBITDA3 5.09 7.45 15.52 27.16
Benchmarks
EV/EBITDA, Competitors4
Chevron Corp. 6.39 6.19 8.49 14.31 7.31
ConocoPhillips 4.13 5.18 13.93 17.45 22.74
Exxon Mobil Corp. 6.91 7.49 9.37 12.40 9.41
EV/EBITDA, Sector
Oil & Gas Producers 6.21 6.64 9.35 13.49 9.16

Based on: 10-K (filing date: 2020-02-27), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-27), 10-K (filing date: 2016-02-25).

1 See details »

2 See details »

3 2019 Calculation
EV/EBITDA = EV ÷ EBITDA
= 38,070,738 ÷ 7,480,100 = 5.09

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. EOG Resources Inc.’s EV/EBITDA ratio decreased from 2017 to 2018 and from 2018 to 2019.