Financials Devon Energy Corporation

Equities

DVN

US25179M1036

Oil & Gas Exploration and Production

Market Closed - Nyse 04:00:02 2024-06-10 pm EDT After market 05:02:00 pm
47.12 USD +0.71% Intraday chart for Devon Energy Corporation 47.14 +0.05%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,975 6,048 29,811 40,209 29,024 29,601 - -
Enterprise Value (EV) 1 12,805 8,109 34,022 45,195 34,304 33,850 33,136 32,544
P/E ratio -29.2 x -2.22 x 10.6 x 6.74 x 7.76 x 9.08 x 7.94 x 8.39 x
Yield 1.35% 4.3% 4.47% 1.12% 1.77% 2.68% 2.82% 2.86%
Capitalization / Revenue 1.6 x 1.25 x 2.44 x 2.1 x 1.9 x 2.03 x 1.96 x 1.92 x
EV / Revenue 2.06 x 1.68 x 2.79 x 2.36 x 2.25 x 2.32 x 2.19 x 2.11 x
EV / EBITDA 4.84 x 5.1 x 6.07 x 4.71 x 4.55 x 4.5 x 4.25 x 4.21 x
EV / FCF 126 x 26.8 x 11.7 x 7.55 x 12.9 x 10.1 x 10.1 x 10.4 x
FCF Yield 0.8% 3.74% 8.54% 13.2% 7.76% 9.91% 9.9% 9.65%
Price to Book 1.71 x 2.09 x 3.15 x 3.6 x 2.41 x 2.22 x 1.97 x 1.72 x
Nbr of stocks (in thousands) 384,100 382,514 676,761 653,700 640,697 632,640 - -
Reference price 2 25.97 15.81 44.05 61.51 45.30 46.79 46.79 46.79
Announcement Date 2/18/20 2/16/21 2/15/22 2/14/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,220 4,828 12,206 19,169 15,258 14,605 15,139 15,455
EBITDA 1 2,648 1,591 5,605 9,586 7,534 7,530 7,801 7,739
EBIT 1 925 48 3,356 7,247 4,868 4,505 4,966 4,465
Operating Margin 14.87% 0.99% 27.49% 37.81% 31.9% 30.85% 32.8% 28.89%
Earnings before Tax (EBT) 1 -740 -3,090 2,898 7,775 4,623 4,077 4,518 4,226
Net income 1 -355 -2,680 2,813 6,015 3,747 3,255 3,670 3,361
Net margin -5.71% -55.51% 23.05% 31.38% 24.56% 22.29% 24.24% 21.75%
EPS 2 -0.8900 -7.120 4.170 9.120 5.840 5.155 5.893 5.575
Free Cash Flow 1 102 303 2,905 5,988 2,661 3,353 3,280 3,141
FCF margin 1.64% 6.28% 23.8% 31.24% 17.44% 22.96% 21.66% 20.32%
FCF Conversion (EBITDA) 3.85% 19.04% 51.83% 62.47% 35.32% 44.54% 42.04% 40.59%
FCF Conversion (Net income) - - 103.27% 99.55% 71.02% 103.02% 89.36% 93.45%
Dividend per Share 2 0.3500 0.6800 1.970 0.6861 0.8037 1.254 1.317 1.337
Announcement Date 2/18/20 2/16/21 2/15/22 2/14/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,273 3,812 5,626 5,432 4,299 3,823 3,454 3,836 4,145 3,596 3,654 3,635 3,667 3,460 3,455
EBITDA 1 1,811 2,135 2,833 2,488 2,130 1,891 1,730 2,025 1,888 1,791 1,909 1,917 1,928 1,920 1,942
EBIT 1 1,210 1,624 2,273 1,881 1,470 1,250 1,057 1,349 1,212 1,036 1,167 1,163 1,198 1,232 1,252
Operating Margin 28.32% 42.6% 40.4% 34.63% 34.19% 32.7% 30.6% 35.17% 29.24% 28.81% 31.93% 31.99% 32.66% 35.6% 36.23%
Earnings before Tax (EBT) 1 1,662 1,262 2,495 2,465 1,553 1,224 897 1,072 1,430 768 1,068 1,057 1,059 1,097 1,201
Net income 1 1,506 989 1,932 1,893 1,201 995 690 910 1,152 596 836.3 841.8 859.4 907.4 914.3
Net margin 35.24% 25.94% 34.34% 34.85% 27.94% 26.03% 19.98% 23.72% 27.79% 16.57% 22.89% 23.16% 23.43% 26.22% 26.46%
EPS 2 2.230 1.480 2.930 2.880 1.830 1.530 1.070 1.420 1.810 0.9500 1.319 1.326 1.354 1.396 1.366
Dividend per Share 2 0.1100 1.000 0.1600 0.1800 0.1786 0.2056 0.2003 0.1987 0.1991 0.4400 0.3502 0.3944 0.4064 0.4141 0.5336
Announcement Date 2/15/22 5/2/22 8/1/22 11/1/22 2/14/23 5/9/23 8/1/23 11/7/23 2/27/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,830 2,061 4,211 4,986 5,280 4,249 3,535 2,943
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.069 x 1.295 x 0.7513 x 0.5201 x 0.7008 x 0.5642 x 0.4531 x 0.3803 x
Free Cash Flow 1 102 303 2,905 5,988 2,661 3,353 3,280 3,141
ROE (net income / shareholders' equity) 7.59% -61.7% 46.3% 58.9% 32.3% 25.5% 24.5% 21.2%
ROA (Net income/ Total Assets) 3.42% 22.7% 18.2% 26.9% 15.5% 12.7% 12.2% 10%
Assets 1 -10,383 -11,814 15,469 22,373 24,105 25,651 30,192 33,611
Book Value Per Share 2 15.20 7.550 14.00 17.10 18.80 21.00 23.80 27.20
Cash Flow per Share 2 5.020 3.820 7.270 12.90 10.20 10.60 11.20 11.40
Capex 1 1,941 1,161 1,989 2,542 3,883 3,466 3,526 3,659
Capex / Sales 31.21% 24.05% 16.3% 13.26% 25.45% 23.73% 23.29% 23.68%
Announcement Date 2/18/20 2/16/21 2/15/22 2/14/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
46.79 USD
Average target price
58.43 USD
Spread / Average Target
+24.89%
Consensus
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  4. Financials Devon Energy Corporation