DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation
NYSE:DVN • US25179M1036
Current stock price
47.91 USD
-2.04 (-4.08%)
At close:
47.9693 USD
+0.06 (+0.12%)
After Hours:
This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. DVN Profitability Analysis
1.1 Basic Checks
- In the past year DVN was profitable.
- In the past year DVN had a positive cash flow from operations.
- DVN had positive earnings in each of the past 5 years.
- Each year in the past 5 years DVN had a positive operating cash flow.
1.2 Ratios
- DVN has a Return On Assets of 8.36%. This is amongst the best in the industry. DVN outperforms 81.82% of its industry peers.
- With an excellent Return On Equity value of 17.01%, DVN belongs to the best of the industry, outperforming 82.30% of the companies in the same industry.
- DVN has a Return On Invested Capital of 10.97%. This is amongst the best in the industry. DVN outperforms 87.56% 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 23.10%.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of DVN (15.37%) is better than 65.55% of its industry peers.
- DVN's Profit Margin has declined in the last couple of years.
- DVN's Operating Margin of 22.43% is fine compared to the rest of the industry. DVN outperforms 62.68% of its industry peers.
- In the last couple of years the Operating Margin of DVN has declined.
- DVN has a Gross Margin (46.46%) which is comparable to the rest of the industry.
- In the last couple of years the Gross Margin of DVN has declined.
| Industry Rank | Sector 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%
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.
- DVN has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for DVN has been reduced compared to a year ago.
2.2 Solvency
- DVN has an Altman-Z score of 2.50. 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.
- Looking at the Altman-Z score, with a value of 2.50, DVN is in the better half of the industry, outperforming 71.77% of the companies in the same industry.
- 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's Debt to FCF ratio of 3.01 is fine compared to the rest of the industry. DVN outperforms 77.03% 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 53.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.5 |
ROIC/WACC1.38
WACC7.95%
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 (0.98) which is in line with its industry peers.
- A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
- With a Quick ratio value of 0.90, DVN perfoms like the industry average, outperforming 44.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.9 |
3. DVN Growth Analysis
3.1 Past
- DVN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.05%.
- The earnings per share for DVN have been decreasing by -22.22% on average. This is quite bad
- The Revenue has been growing slightly by 7.83% in the past year.
- DVN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.91% yearly.
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
- DVN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.85% yearly.
- Based on estimates for the next years, DVN will show a decrease in Revenue. The Revenue will decrease by -2.84% on average per year.
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue Next Year6.95%
Revenue Next 2Y3.97%
Revenue Next 3Y5.9%
Revenue Next 5Y-2.84%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. DVN Valuation Analysis
4.1 Price/Earnings Ratio
- DVN is valuated correctly with a Price/Earnings ratio of 12.25.
- DVN's Price/Earnings ratio is a bit cheaper when compared to the industry. DVN is cheaper than 78.95% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.91. DVN is valued rather cheaply when compared to this.
- DVN is valuated correctly with a Price/Forward Earnings ratio of 14.96.
- Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than the industry average as 68.42% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, DVN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 14.96 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 84.69% of the companies listed in the same industry.
- 83.25% of the companies in the same industry are more expensive than DVN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.62 | ||
| EV/EBITDA | 4.92 |
4.3 Compensation for Growth
- DVN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
5. DVN Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.84%, DVN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.16, DVN has a dividend in line with its industry peers.
- DVN's Dividend Yield is comparable with the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.84% |
5.2 History
- The dividend of DVN is nicely growing with an annual growth rate of 7.65%!
- DVN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.65%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 23.43% of the earnings are spent on dividend by DVN. This is a low number and 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 Fundamentals: All Metrics, Ratios and Statistics
47.91
-2.04 (-4.08%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17 2026-02-17/amc
Earnings (Next)05-04 2026-05-04/amc
Inst Owners79.76%
Inst Owner Change-0.01%
Ins Owners0.43%
Ins Owner Change0.35%
Market Cap29.70B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80.61
Price Target53.21 (11.06%)
Short Float %4.09%
Short Ratio1.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.84% |
Yearly Dividend0.97
Dividend Growth(5Y)7.65%
DP23.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13 2026-03-13 (0.24)
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)7.55%
PT rev (3m)14.5%
EPS NQ rev (1m)51.19%
EPS NQ rev (3m)2.55%
EPS NY rev (1m)0%
EPS NY rev (3m)-21.14%
Revenue NQ rev (1m)2.98%
Revenue NQ rev (3m)-0.75%
Revenue NY rev (1m)5.29%
Revenue NY rev (3m)10.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 14.96 | ||
| P/S | 1.73 | ||
| P/FCF | 10.62 | ||
| P/OCF | 4.43 | ||
| P/B | 1.91 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 4.92 |
EPS(TTM)3.91
EY8.16%
EPS(NY)3.2
Fwd EY6.68%
FCF(TTM)4.51
FCFY9.42%
OCF(TTM)10.82
OCFY22.59%
SpS27.72
BVpS25.05
TBVpS23.83
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.94
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.5 |
F-Score6
WACC7.95%
ROIC/WACC1.38
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 Year6.95%
Revenue Next 2Y3.97%
Revenue Next 3Y5.9%
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.
What is the profitability of DVN stock?
DEVON ENERGY CORP (DVN) has a profitability rating of 6 / 10.
What are the PE and PB ratios of DEVON ENERGY CORP (DVN) stock?
The Price/Earnings (PE) ratio for DEVON ENERGY CORP (DVN) is 12.25 and the Price/Book (PB) ratio is 1.91.
How sustainable is the dividend of DEVON ENERGY CORP (DVN) stock?
The dividend rating of DEVON ENERGY CORP (DVN) is 5 / 10 and the dividend payout ratio is 23.43%.