First off, I'm not spitting numbers or DCF analysis. You can go check balance sheet and ratios on your own.
That out of the way, I'm torn on $BKR. My first reaction is they're an oil & gas dinosaur. Most of the revenue comes from their legacy segments, and that revenue is shrinking. Even in their segmented breakdown, they sort of flatten things to do with oil & gas across everything - not just field development. It sort of feels like they're hiding their declining revenue dinosaur wherever they can.
Flipside, management is on about their plan, started a couple years ago, that all their oil & gas tech can be used in other sectors. Marketing is in full gear here - website, investor relations, all of it makes them sound like the second coming of new energy, cryogenics, turbine manufacturing, across a million sectors.
Numbers show they've climbed out of a hole since their departure from GE and stabilized as a profitable company. If marketing is to be believed, they've got a huge runway. Common sense says they're late to the party and other players like Cummins have already eaten all the lunch. Maybe I missed it but I didn't see any language hyping up their record backlog...
Anyone else done DD here? They went up 5% today and I started getting fomo. PE is super reasonable if they actually have a path to growth on the ground, not just in marketing...