DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation

NYSE:DVN • US25179M1036

Current stock price

52.07 USD
+0.72 (+1.4%)
At close:
52.23 USD
+0.16 (+0.31%)
After Hours:

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.
  • In the past year DVN had a positive cash flow from operations.
  • In the past 5 years DVN has always been profitable.
  • Each year in the past 5 years DVN had a positive operating cash flow.
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

  • DVN's Return On Assets of 8.36% is amongst the best of 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 81.82% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 10.97%, DVN belongs to the top of the industry, outperforming 87.08% of the companies in the same industry.
  • DVN had an Average Return On Invested Capital over the past 3 years of 13.66%. This is significantly below the industry average of 23.05%.
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

  • The Profit Margin of DVN (15.37%) is better than 65.55% of its industry peers.
  • In the last couple of years the Profit Margin of DVN has declined.
  • DVN has a better Operating Margin (22.43%) than 62.20% of its industry peers.
  • DVN's Operating Margin has declined in the last couple of years.
  • DVN's Gross Margin of 46.46% is in line compared to the rest of the industry. DVN outperforms 55.50% 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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5

2. DVN Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DVN is creating some value.
  • Compared to 1 year ago, DVN has less shares outstanding
  • DVN has more shares outstanding than it did 5 years ago.
  • DVN has a better debt/assets ratio than last year.
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 2.58. 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.
  • With a decent Altman-Z score value of 2.58, DVN is doing good in the industry, outperforming 73.21% of the companies in the same industry.
  • DVN has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as DVN would need 3.01 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 3.01, DVN is doing good in the industry, outperforming 76.56% of the companies in the same industry.
  • A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.48, DVN is in line with its industry, outperforming 53.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Altman-Z 2.58
ROIC/WACC1.35
WACC8.1%
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

  • A Current Ratio of 0.98 indicates that DVN may have some problems paying its short term obligations.
  • DVN has a Current ratio (0.98) which is comparable to the rest of the industry.
  • A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
  • DVN has a Quick ratio (0.90) which is comparable to the rest of the industry.
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.
  • DVN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.22% yearly.
  • 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

  • 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 Year-0.45%
Revenue Next 2Y-3.06%
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.
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 20B
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

  • Based on the Price/Earnings ratio of 13.32, the valuation of DVN can be described as correct.
  • DVN's Price/Earnings ratio is a bit cheaper when compared to the industry. DVN is cheaper than 76.56% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of DVN to the average of the S&P500 Index (24.88), we can say DVN is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 16.26, which indicates a correct valuation of DVN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DVN indicates a somewhat cheap valuation: DVN is cheaper than 66.51% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. DVN is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 13.32
Fwd PE 16.26
DVN Price Earnings VS Forward Price EarningsDVN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • DVN's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. DVN is cheaper than 85.17% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, DVN is valued cheaply inside the industry as 80.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 11.54
EV/EBITDA 5.21
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 1.87%. Purely for dividend investing, there may be better candidates out there.
  • DVN's Dividend Yield is comparable with the industry average which is at 3.29.
  • DVN's Dividend Yield is comparable with the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.87%

5.2 History

  • The dividend of DVN is nicely growing with an annual growth rate of 7.65%!
  • 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

  • 23.43% of the earnings are spent on dividend by DVN. This is a low number and sustainable payout ratio.
  • DVN's earnings are growing more than its dividend. This makes the dividend growth 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 (3/27/2026, 8:12:39 PM)

After market: 52.23 +0.16 (+0.31%)

52.07

+0.72 (+1.4%)

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 Cap32.28B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80
Price Target53.21 (2.19%)
Short Float %2.6%
Short Ratio1.28
Dividend
Industry RankSector Rank
Dividend Yield 1.87%
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)-16.39%
EPS NQ rev (3m)-24.92%
EPS NY rev (1m)-8.64%
EPS NY rev (3m)-22.45%
Revenue NQ rev (1m)-1.42%
Revenue NQ rev (3m)-2.72%
Revenue NY rev (1m)-2.44%
Revenue NY rev (3m)3.27%
Valuation
Industry RankSector Rank
PE 13.32
Fwd PE 16.26
P/S 1.88
P/FCF 11.54
P/OCF 4.81
P/B 2.08
P/tB 2.19
EV/EBITDA 5.21
EPS(TTM)3.91
EY7.51%
EPS(NY)3.2
Fwd EY6.15%
FCF(TTM)4.51
FCFY8.66%
OCF(TTM)10.82
OCFY20.79%
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 2.58
F-Score6
WACC8.1%
ROIC/WACC1.35
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 Year-0.45%
Revenue Next 2Y-3.06%
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.


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 13.32 and the Price/Book (PB) ratio is 2.08.


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.