DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation

NYSE:DVN • US25179M1036

Current stock price

47.42 USD
+0.77 (+1.65%)
At close:
47.25 USD
-0.17 (-0.36%)
Pre-Market:

This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. DVN Profitability Analysis

1.1 Basic Checks

  • DVN had positive earnings in the past year.
  • DVN had a positive operating cash flow in the past year.
  • In the past 5 years DVN has always been profitable.
  • DVN had a positive operating cash flow in each of the past 5 years.
DVN Yearly Net Income VS EBIT VS OCF VS FCFDVN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B 6B 8B

1.2 Ratios

  • With an excellent Return On Assets value of 8.36%, DVN belongs to the best of the industry, outperforming 84.06% of the companies in the same industry.
  • DVN has a better Return On Equity (17.01%) than 82.61% of its industry peers.
  • DVN's Return On Invested Capital of 10.97% is amongst the best of the industry. DVN outperforms 87.92% of its industry peers.
  • DVN had an Average Return On Invested Capital over the past 3 years of 13.66%. This is significantly below the industry average of 22.49%.
Industry RankSector Rank
ROA 8.36%
ROE 17.01%
ROIC 10.97%
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
DVN Yearly ROA, ROE, ROICDVN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

1.3 Margins

  • DVN's Profit Margin of 15.37% is fine compared to the rest of the industry. DVN outperforms 65.70% of its industry peers.
  • In the last couple of years the Profit Margin of DVN has declined.
  • The Operating Margin of DVN (22.43%) is better than 61.35% of its industry peers.
  • In the last couple of years the Operating Margin of DVN has declined.
  • DVN's Gross Margin of 46.46% is in line compared to the rest of the industry. DVN outperforms 56.04% of its industry peers.
  • In the last couple of years the Gross Margin of DVN has declined.
Industry RankSector Rank
OM 22.43%
PM (TTM) 15.37%
GM 46.46%
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
DVN Yearly Profit, Operating, Gross MarginsDVN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. DVN Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DVN is still creating some value.
  • The number of shares outstanding for DVN has been reduced compared to 1 year ago.
  • The number of shares outstanding for DVN has been increased compared to 5 years ago.
  • Compared to 1 year ago, DVN has an improved debt to assets ratio.
DVN Yearly Shares OutstandingDVN Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DVN Yearly Total Debt VS Total AssetsDVN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • DVN has an Altman-Z score of 2.49. This is not the best score and indicates that DVN is in the grey zone with still only limited risk for bankruptcy at the moment.
  • DVN's Altman-Z score of 2.49 is fine compared to the rest of the industry. DVN outperforms 71.50% of its industry peers.
  • The Debt to FCF ratio of DVN is 3.01, which is a good value as it means it would take DVN, 3.01 years of fcf income to pay off all of its debts.
  • DVN has a better Debt to FCF ratio (3.01) than 76.33% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.48, DVN perfoms like the industry average, outperforming 51.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Altman-Z 2.49
ROIC/WACC1.39
WACC7.87%
DVN Yearly LT Debt VS Equity VS FCFDVN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • DVN has a Current Ratio of 0.98. This is a bad value and indicates that DVN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DVN has a Current ratio of 0.98. This is comparable to the rest of the industry: DVN outperforms 40.10% of its industry peers.
  • DVN has a Quick Ratio of 0.98. This is a bad value and indicates that DVN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DVN has a Quick ratio of 0.90. This is comparable to the rest of the industry: DVN outperforms 44.44% of its industry peers.
Industry RankSector Rank
Current Ratio 0.98
Quick Ratio 0.9
DVN Yearly Current Assets VS Current LiabilitesDVN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. DVN Growth Analysis

3.1 Past

  • The earnings per share for DVN have decreased strongly by -19.05% in the last year.
  • The earnings per share for DVN have been decreasing by -22.22% on average. This is quite bad
  • DVN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.83%.
  • Measured over the past years, DVN shows a very strong growth in Revenue. The Revenue has been growing by 28.91% on average per year.
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%

3.2 Future

  • Based on estimates for the next years, DVN will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.85% on average per year.
  • The Revenue is expected to decrease by -2.84% on average over the next years.
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
DVN Yearly Revenue VS EstimatesDVN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
DVN Yearly EPS VS EstimatesDVN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 2 4 6 8

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6

4. DVN Valuation Analysis

4.1 Price/Earnings Ratio

  • DVN is valuated correctly with a Price/Earnings ratio of 12.13.
  • Based on the Price/Earnings ratio, DVN is valued a bit cheaper than the industry average as 76.33% of the companies are valued more expensively.
  • DVN's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.11.
  • With a Price/Forward Earnings ratio of 14.81, DVN is valued correctly.
  • Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of DVN to the average of the S&P500 Index (24.12), we can say DVN is valued slightly cheaper.
Industry RankSector Rank
PE 12.13
Fwd PE 14.81
DVN Price Earnings VS Forward Price EarningsDVN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • DVN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DVN is cheaper than 84.06% of the companies in the same industry.
  • DVN's Price/Free Cash Flow ratio is rather cheap when compared to the industry. DVN is cheaper than 83.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.51
EV/EBITDA 4.88
DVN Per share dataDVN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The decent profitability rating of DVN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.27%
EPS Next 3Y5.99%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. DVN Dividend Analysis

5.1 Amount

  • DVN has a Yearly Dividend Yield of 2.08%.
  • DVN's Dividend Yield is comparable with the industry average which is at 3.47.
  • Compared to an average S&P500 Dividend Yield of 1.91, DVN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.08%

5.2 History

  • On average, the dividend of DVN grows each year by 7.65%, which is quite nice.
  • DVN has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)7.65%
Div Incr Years0
Div Non Decr Years0
DVN Yearly Dividends per shareDVN Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • DVN pays out 23.43% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of DVN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP23.43%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
DVN Yearly Income VS Free CF VS DividendDVN Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B
DVN Dividend Payout.DVN Dividend Payout, showing the Payout Ratio.DVN Dividend Payout.PayoutRetained Earnings

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DVN Fundamentals: All Metrics, Ratios and Statistics

DEVON ENERGY CORP

NYSE:DVN (3/17/2026, 8:10:47 PM)

Premarket: 47.25 -0.17 (-0.36%)

47.42

+0.77 (+1.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-04
Inst Owners79.76%
Inst Owner Change3.42%
Ins Owners0.43%
Ins Owner Change0.35%
Market Cap29.40B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80
Price Target49.47 (4.32%)
Short Float %2.6%
Short Ratio1.28
Dividend
Industry RankSector Rank
Dividend Yield 2.08%
Yearly Dividend0.97
Dividend Growth(5Y)7.65%
DP23.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.6%
Min EPS beat(2)0.01%
Max EPS beat(2)11.19%
EPS beat(4)2
Avg EPS beat(4)1.22%
Min EPS beat(4)-4.28%
Max EPS beat(4)11.19%
EPS beat(8)5
Avg EPS beat(8)4.17%
EPS beat(12)7
Avg EPS beat(12)3.43%
EPS beat(16)10
Avg EPS beat(16)3.18%
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)1.43%
Max Revenue beat(2)4.01%
Revenue beat(4)4
Avg Revenue beat(4)2.77%
Min Revenue beat(4)0.2%
Max Revenue beat(4)5.44%
Revenue beat(8)7
Avg Revenue beat(8)2.92%
Revenue beat(12)10
Avg Revenue beat(12)2.09%
Revenue beat(16)12
Avg Revenue beat(16)2.41%
PT rev (1m)5.09%
PT rev (3m)6.95%
EPS NQ rev (1m)-19.73%
EPS NQ rev (3m)-27.84%
EPS NY rev (1m)-8.64%
EPS NY rev (3m)-22.45%
Revenue NQ rev (1m)-1.42%
Revenue NQ rev (3m)-2.98%
Revenue NY rev (1m)7.64%
Revenue NY rev (3m)5.37%
Valuation
Industry RankSector Rank
PE 12.13
Fwd PE 14.81
P/S 1.71
P/FCF 10.51
P/OCF 4.38
P/B 1.89
P/tB 1.99
EV/EBITDA 4.88
EPS(TTM)3.91
EY8.25%
EPS(NY)3.2
Fwd EY6.75%
FCF(TTM)4.51
FCFY9.51%
OCF(TTM)10.82
OCFY22.83%
SpS27.72
BVpS25.05
TBVpS23.83
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.94
Profitability
Industry RankSector Rank
ROA 8.36%
ROE 17.01%
ROCE 14.02%
ROIC 10.97%
ROICexc 11.58%
ROICexgc 11.92%
OM 22.43%
PM (TTM) 15.37%
GM 46.46%
FCFM 16.27%
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
ROICexc(3y)14.23%
ROICexc(5y)18.3%
ROICexgc(3y)14.7%
ROICexgc(5y)19.02%
ROCE(3y)17.44%
ROCE(5y)21.82%
ROICexgc growth 3Y-29.34%
ROICexgc growth 5YN/A
ROICexc growth 3Y-29.09%
ROICexc growth 5YN/A
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
F-Score6
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Debt/EBITDA 0.99
Cap/Depr 108.87%
Cap/Sales 22.77%
Interest Coverage 7.58
Cash Conversion 90.07%
Profit Quality 105.87%
Current Ratio 0.98
Quick Ratio 0.9
Altman-Z 2.49
F-Score6
WACC7.87%
ROIC/WACC1.39
Cap/Depr(3y)164.13%
Cap/Depr(5y)163.19%
Cap/Sales(3y)31.8%
Cap/Sales(5y)27.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year99.02%
EBIT Next 3Y37.9%
EBIT Next 5Y17.41%
FCF growth 1Y427.9%
FCF growth 3Y-6.35%
FCF growth 5Y70.7%
OCF growth 1Y1.68%
OCF growth 3Y-7.68%
OCF growth 5Y37.73%

DEVON ENERGY CORP / DVN Fundamental Analysis FAQ

What is the fundamental rating for DVN stock?

ChartMill assigns a fundamental rating of 5 / 10 to DVN.


What is the valuation status of DEVON ENERGY CORP (DVN) stock?

ChartMill assigns a valuation rating of 6 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Fairly Valued.


Can you provide the profitability details for DEVON ENERGY CORP?

DEVON ENERGY CORP (DVN) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for DVN stock?

The Price/Earnings (PE) ratio for DEVON ENERGY CORP (DVN) is 12.13 and the Price/Book (PB) ratio is 1.89.


What is the expected EPS growth for DEVON ENERGY CORP (DVN) stock?

The Earnings per Share (EPS) of DEVON ENERGY CORP (DVN) is expected to decline by -18.11% in the next year.