Stock Analysis on Net

Hess Corp. (NYSE:HES)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common Stock Valuation Ratios (Price Multiples) 

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Current Valuation Ratios

Hess Corp., current price multiples

Microsoft Excel
Hess Corp. Chevron Corp. ConocoPhillips Exxon Mobil Corp. Marathon Petroleum Corp. Occidental Petroleum Corp. Pioneer Natural Resources Co. Valero Energy Corp. Oil, Gas & Consumable Fuels Energy
Selected Financial Data
Current share price (P) $147.76
No. shares of common stock outstanding 307,151,680
Growth rate (g) -6.24%
 
Earnings per share (EPS) $6.82
Next year expected EPS $6.40
Operating profit per share $13.15
Sales per share $36.87
Book value per share (BVPS) $25.57
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 21.65 13.28 12.27 11.66 6.47 14.30 11.33 5.39 6.77 7.06
Price to next year expected earnings 23.09 13.41 11.15 11.28 5.98 15.39 10.83 5.13 6.63 7.02
Price to operating profit (P/OP) 11.24 9.38 7.83 7.73 4.31 7.89 8.49 4.02 4.81 5.04
Price to sales (P/S) 4.01 1.44 2.39 1.25 0.42 1.91 2.86 0.33 0.94 0.98
Price to book value (P/BV) 5.78 1.76 2.73 2.05 2.56 1.78 2.39 1.81 2.09 2.15

Based on: 10-K (reporting date: 2022-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Hess Corp., historical price multiples

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Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Price to earnings (P/E) 20.30 56.19
Price to operating profit (P/OP) 10.53 15.94 32.87 26.01
Price to sales (P/S) 3.76 4.20 4.31 3.04 2.76
Price to book value (P/BV) 5.42 4.99 3.75 2.26 1.82

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Hess Corp. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Hess Corp. P/BV ratio increased from 2020 to 2021 and from 2021 to 2022.

Price to Earnings (P/E)

Hess Corp., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 306,180,424 309,745,523 306,986,553 305,214,587 303,034,262
Selected Financial Data (US$)
Net income (loss) attributable to Hess Corporation common stockholders (in millions) 2,096 559 (3,093) (412) (328)
Earnings per share (EPS)2 6.85 1.80 -10.08 -1.35 -1.08
Share price1, 3 138.95 101.40 65.53 64.72 57.68
Valuation Ratio
P/E ratio4 20.30 56.19
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 8.71 16.81 70.06
ConocoPhillips 7.07 14.66 8.77
Exxon Mobil Corp. 8.01 14.11 15.64
Marathon Petroleum Corp. 3.85 4.32 11.68
Occidental Petroleum Corp. 4.24 23.89
Pioneer Natural Resources Co. 6.14 25.60 29.80
Valero Energy Corp. 4.26 37.78 12.12
P/E Ratio, Sector
Oil, Gas & Consumable Fuels 7.00 14.31 20.63
P/E Ratio, Industry
Energy 7.35 14.77 34.21

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
EPS = Net income (loss) attributable to Hess Corporation common stockholders ÷ No. shares of common stock outstanding
= 2,096,000,000 ÷ 306,180,424 = 6.85

3 Closing price as at the filing date of Hess Corp. Annual Report.

4 2022 Calculation
P/E ratio = Share price ÷ EPS
= 138.95 ÷ 6.85 = 20.30

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Hess Corp., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 306,180,424 309,745,523 306,986,553 305,214,587 303,034,262
Selected Financial Data (US$)
Income (loss) before interest and income taxes (in millions) 4,039 1,971 (2,382) 601 672
Operating profit per share2 13.19 6.36 -7.76 1.97 2.22
Share price1, 3 138.95 101.40 65.53 64.72 57.68
Valuation Ratio
P/OP ratio4 10.53 15.94 32.87 26.01
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 6.12 11.40 30.35
ConocoPhillips 4.57 8.66 6.04
Exxon Mobil Corp. 5.65 9.86 10.14
Marathon Petroleum Corp. 2.60 9.79 5.52
Occidental Petroleum Corp. 3.78 7.96 45.37
Pioneer Natural Resources Co. 4.70 16.34 170.14 14.48
Valero Energy Corp. 3.13 16.50 7.65
P/OP Ratio, Sector
Oil, Gas & Consumable Fuels 4.98 10.40 11.87
P/OP Ratio, Industry
Energy 5.24 10.72 16.06

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
Operating profit per share = Income (loss) before interest and income taxes ÷ No. shares of common stock outstanding
= 4,039,000,000 ÷ 306,180,424 = 13.19

3 Closing price as at the filing date of Hess Corp. Annual Report.

4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 138.95 ÷ 13.19 = 10.53

5 Click competitor name to see calculations.


Price to Sales (P/S)

Hess Corp., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 306,180,424 309,745,523 306,986,553 305,214,587 303,034,262
Selected Financial Data (US$)
Sales and other operating revenues (in millions) 11,324 7,473 4,667 6,495 6,323
Sales per share2 36.98 24.13 15.20 21.28 20.87
Share price1, 3 138.95 101.40 65.53 64.72 57.68
Valuation Ratio
P/S ratio4 3.76 4.20 4.31 3.04 2.76
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.31 1.69 2.09 1.46
ConocoPhillips 1.68 2.58 3.52 1.94
Exxon Mobil Corp. 1.12 1.17 1.34 0.88
Marathon Petroleum Corp. 0.32 0.35 0.51 0.25
Occidental Petroleum Corp. 1.45 1.40 1.39 1.44
Pioneer Natural Resources Co. 1.98 3.03 4.58 2.33
Valero Energy Corp. 0.28 0.31 0.48 0.27
P/S Ratio, Sector
Oil, Gas & Consumable Fuels 0.97 1.16 1.39 0.88
P/S Ratio, Industry
Energy 1.02 1.19 1.38 0.91

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
Sales per share = Sales and other operating revenues ÷ No. shares of common stock outstanding
= 11,324,000,000 ÷ 306,180,424 = 36.98

3 Closing price as at the filing date of Hess Corp. Annual Report.

4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 138.95 ÷ 36.98 = 3.76

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Hess Corp. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022.

Price to Book Value (P/BV)

Hess Corp., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
No. shares of common stock outstanding1 306,180,424 309,745,523 306,986,553 305,214,587 303,034,262
Selected Financial Data (US$)
Total Hess Corporation stockholders’ equity (in millions) 7,855 6,300 5,366 8,732 9,629
Book value per share (BVPS)2 25.65 20.34 17.48 28.61 31.78
Share price1, 3 138.95 101.40 65.53 64.72 57.68
Valuation Ratio
P/BV ratio4 5.42 4.99 3.75 2.26 1.82
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 1.94 1.89 1.50 1.42
ConocoPhillips 2.75 2.61 2.22 1.80
Exxon Mobil Corp. 2.29 1.93 1.53 1.17
Marathon Petroleum Corp. 2.02 1.61 1.60 0.91
Occidental Petroleum Corp. 1.76 1.79 1.33 0.86
Pioneer Natural Resources Co. 2.14 2.37 2.78 1.86
Valero Energy Corp. 2.09 1.91 1.65 1.35
P/BV Ratio, Sector
Oil, Gas & Consumable Fuels 2.16 1.98 1.61 1.28
P/BV Ratio, Industry
Energy 2.24 2.04 1.64 1.32

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 Data adjusted for splits and stock dividends.

2 2022 Calculation
BVPS = Total Hess Corporation stockholders’ equity ÷ No. shares of common stock outstanding
= 7,855,000,000 ÷ 306,180,424 = 25.65

3 Closing price as at the filing date of Hess Corp. Annual Report.

4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 138.95 ÷ 25.65 = 5.42

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Hess Corp. P/BV ratio increased from 2020 to 2021 and from 2021 to 2022.