DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation

NYSE:DVN • US25179M1036

Current stock price

45.6 USD
+0.66 (+1.47%)
At close:
45.57 USD
-0.03 (-0.07%)
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.
  • In the past 5 years DVN always reported a positive cash flow from operatings.
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 has a better Return On Assets (8.36%) than 81.82% of its industry peers.
  • Looking at the Return On Equity, with a value of 17.01%, DVN belongs to the top of the industry, outperforming 81.82% 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 22.74%.
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.
  • DVN's Profit Margin has declined in the last couple of years.
  • DVN has a better Operating Margin (22.43%) than 62.68% of its industry peers.
  • In the last couple of years the Operating Margin of DVN has declined.
  • The Gross Margin of DVN (46.46%) is comparable to the rest of the industry.
  • DVN's Gross Margin has declined in the last couple of years.
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

  • DVN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • DVN has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, DVN has more shares outstanding
  • The debt/assets ratio for DVN has been reduced compared to a year ago.
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

  • An Altman-Z score of 2.45 indicates that DVN is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of DVN (2.45) is better than 71.29% 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.
  • With a decent Debt to FCF ratio value of 3.01, DVN is doing good in the industry, outperforming 77.03% of the companies in the same industry.
  • 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 53.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.01
Altman-Z 2.45
ROIC/WACC1.4
WACC7.86%
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's Current ratio of 0.98 is in line compared to the rest of the industry. DVN outperforms 40.67% of its industry peers.
  • A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
  • DVN has a Quick ratio of 0.90. This is comparable to the rest of the industry: DVN outperforms 44.98% 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

  • DVN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.05%.
  • DVN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.22% yearly.
  • The Revenue has been growing slightly by 7.83% in the past year.
  • 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.
  • DVN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.84% yearly.
EPS Next Y21.22%
EPS Next 2Y11.85%
EPS Next 3Y8.94%
EPS Next 5Y11.85%
Revenue Next Year20.58%
Revenue Next 2Y14.41%
Revenue Next 3Y8.73%
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.
  • 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 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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8

4. DVN Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 11.66, which indicates a very decent valuation of DVN.
  • 80.86% of the companies in the same industry are more expensive than DVN, based on the Price/Earnings ratio.
  • DVN is valuated cheaply when we compare the Price/Earnings ratio to 27.71, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 9.62 indicates a reasonable valuation of DVN.
  • Based on the Price/Forward Earnings ratio, DVN is valued cheaply inside the industry as 82.78% of the companies are valued more expensively.
  • DVN is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.09, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.66
Fwd PE 9.62
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 84.21% of the companies in the same industry.
  • 86.12% of the companies in the same industry are more expensive than DVN, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.13
EV/EBITDA 4.74
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

  • DVN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of DVN may justify a higher PE ratio.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y11.85%
EPS Next 3Y8.94%

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

5

5. DVN Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.10%, DVN has a reasonable but not impressive dividend return.
  • DVN's Dividend Yield is comparable with the industry average which is at 3.26.
  • Compared to an average S&P500 Dividend Yield of 1.81, DVN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.1%

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
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.
  • DVN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.43%
EPS Next 2Y11.85%
EPS Next 3Y8.94%
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 (4/21/2026, 8:04:00 PM)

Premarket: 45.57 -0.03 (-0.07%)

45.6

+0.66 (+1.47%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17
Earnings (Next)05-05
Inst Owners79.53%
Inst Owner Change-0.15%
Ins Owners0.43%
Ins Owner Change0.34%
Market Cap28.34B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80.61
Price Target56.54 (23.99%)
Short Float %5.54%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield 2.1%
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)14.28%
PT rev (3m)22.6%
EPS NQ rev (1m)37.59%
EPS NQ rev (3m)8.02%
EPS NY rev (1m)48.03%
EPS NY rev (3m)16.73%
Revenue NQ rev (1m)-1.98%
Revenue NQ rev (3m)-4.65%
Revenue NY rev (1m)21.13%
Revenue NY rev (3m)25.39%
Valuation
Industry RankSector Rank
PE 11.66
Fwd PE 9.62
P/S 1.65
P/FCF 10.13
P/OCF 4.22
P/B 1.82
P/tB 1.92
EV/EBITDA 4.74
EPS(TTM)3.91
EY8.57%
EPS(NY)4.74
Fwd EY10.39%
FCF(TTM)4.5
FCFY9.87%
OCF(TTM)10.8
OCFY23.68%
SpS27.66
BVpS24.99
TBVpS23.78
PEG (NY)0.55
PEG (5Y)N/A
Graham Number46.8854 (2.82%)
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 2.45
F-Score6
WACC7.86%
ROIC/WACC1.4
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 Y21.22%
EPS Next 2Y11.85%
EPS Next 3Y8.94%
EPS Next 5Y11.85%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year20.58%
Revenue Next 2Y14.41%
Revenue Next 3Y8.73%
Revenue Next 5Y-2.84%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year134.16%
EBIT Next 3Y45.57%
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 6 / 10 to DVN.


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

ChartMill assigns a valuation rating of 8 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Undervalued.


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 11.66 and the Price/Book (PB) ratio is 1.82.


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%.