SM ENERGY CO (SM) Fundamental Analysis & Valuation

NYSE:SM • US78454L1008

Current stock price

30.04 USD
+2.29 (+8.25%)
At close:
30.36 USD
+0.32 (+1.07%)
Pre-Market:

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

6

1. SM Profitability Analysis

1.1 Basic Checks

  • In the past year SM was profitable.
  • In the past year SM had a positive cash flow from operations.
  • Each year in the past 5 years SM has been profitable.
  • SM had a positive operating cash flow in each of the past 5 years.
SM Yearly Net Income VS EBIT VS OCF VS FCFSM 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 1B -1B 2B -2B

1.2 Ratios

  • SM has a better Return On Assets (7.00%) than 75.60% of its industry peers.
  • With a decent Return On Equity value of 13.47%, SM is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • SM's Return On Invested Capital of 8.02% is fine compared to the rest of the industry. SM outperforms 72.73% of its industry peers.
  • SM had an Average Return On Invested Capital over the past 3 years of 10.34%. This is significantly below the industry average of 23.05%.
Industry RankSector Rank
ROA 7%
ROE 13.47%
ROIC 8.02%
ROA(3y)9.6%
ROA(5y)9.79%
ROE(3y)18.09%
ROE(5y)18.41%
ROIC(3y)10.34%
ROIC(5y)16.41%
SM Yearly ROA, ROE, ROICSM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

1.3 Margins

  • SM has a Profit Margin of 20.55%. This is in the better half of the industry: SM outperforms 75.12% of its industry peers.
  • SM's Profit Margin has declined in the last couple of years.
  • SM has a better Operating Margin (26.06%) than 69.38% of its industry peers.
  • SM's Operating Margin has declined in the last couple of years.
  • SM has a better Gross Margin (71.94%) than 83.73% of its industry peers.
  • In the last couple of years the Gross Margin of SM has grown nicely.
Industry RankSector Rank
OM 26.06%
PM (TTM) 20.55%
GM 71.94%
OM growth 3Y-23.57%
OM growth 5YN/A
PM growth 3Y-14.7%
PM growth 5YN/A
GM growth 3Y-4.08%
GM growth 5Y1.96%
SM Yearly Profit, Operating, Gross MarginsSM 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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4

2. SM Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SM is still creating some value.
  • Compared to 1 year ago, SM has about the same amount of shares outstanding.
  • Compared to 5 years ago, SM has about the same amount of shares outstanding.
  • Compared to 1 year ago, SM has an improved debt to assets ratio.
SM Yearly Shares OutstandingSM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
SM Yearly Total Debt VS Total AssetsSM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 2.05 indicates that SM is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • SM has a Altman-Z score of 2.05. This is in the better half of the industry: SM outperforms 65.07% of its industry peers.
  • SM has a debt to FCF ratio of 5.04. This is a neutral value as SM would need 5.04 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.04, SM is in the better half of the industry, outperforming 67.94% of the companies in the same industry.
  • SM has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • SM has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 5.04
Altman-Z 2.05
ROIC/WACC1.02
WACC7.85%
SM Yearly LT Debt VS Equity VS FCFSM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

2.3 Liquidity

  • SM has a Current Ratio of 0.69. This is a bad value and indicates that SM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.69, SM is doing worse than 74.16% of the companies in the same industry.
  • SM has a Quick Ratio of 0.69. This is a bad value and indicates that SM is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SM has a Quick ratio of 0.69. This is in the lower half of the industry: SM underperforms 66.99% of its industry peers.
Industry RankSector Rank
Current Ratio 0.69
Quick Ratio 0.69
SM Yearly Current Assets VS Current LiabilitesSM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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

6

3. SM Growth Analysis

3.1 Past

  • SM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.18%.
  • Measured over the past years, SM shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.37% on average per year.
  • Looking at the last year, SM shows a quite strong growth in Revenue. The Revenue has grown by 17.24% in the last year.
  • The Revenue has been growing by 22.86% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-20.18%
EPS 3Y-9.37%
EPS 5YN/A
EPS Q2Q%-56.54%
Revenue 1Y (TTM)17.24%
Revenue growth 3Y-2.07%
Revenue growth 5Y22.86%
Sales Q2Q%-17.27%

3.2 Future

  • Based on estimates for the next years, SM will show a decrease in Earnings Per Share. The EPS will decrease by -7.73% on average per year.
  • Based on estimates for the next years, SM will show a very strong growth in Revenue. The Revenue will grow by 28.08% on average per year.
EPS Next Y-35.69%
EPS Next 2Y-8.27%
EPS Next 3Y-7.73%
EPS Next 5YN/A
Revenue Next Year99.91%
Revenue Next 2Y48.32%
Revenue Next 3Y28.08%
Revenue Next 5YN/A

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 stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
SM Yearly Revenue VS EstimatesSM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2B 4B 6B
SM Yearly EPS VS EstimatesSM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 -2 4 6

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7

4. SM Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 5.54, which indicates a rather cheap valuation of SM.
  • SM's Price/Earnings ratio is rather cheap when compared to the industry. SM is cheaper than 95.69% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of SM to the average of the S&P500 Index (25.23), we can say SM is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 8.62, the valuation of SM can be described as reasonable.
  • SM's Price/Forward Earnings ratio is rather cheap when compared to the industry. SM is cheaper than 91.39% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of SM to the average of the S&P500 Index (22.42), we can say SM is valued rather cheaply.
Industry RankSector Rank
PE 5.54
Fwd PE 8.62
SM Price Earnings VS Forward Price EarningsSM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 87.08% of the companies in the same industry are more expensive than SM, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, SM is valued a bit cheaper than 75.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.28
EV/EBITDA 4.69
SM Per share dataSM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • The decent profitability rating of SM may justify a higher PE ratio.
  • A cheap valuation may be justified as SM's earnings are expected to decrease with -7.73% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-8.27%
EPS Next 3Y-7.73%

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

6

5. SM Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.17%, SM has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.29, SM pays a bit more dividend than its industry peers.
  • SM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.17%

5.2 History

  • The dividend of SM is nicely growing with an annual growth rate of 108.88%!
  • SM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • SM has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)108.88%
Div Incr Years3
Div Non Decr Years4
SM Yearly Dividends per shareSM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8

5.3 Sustainability

  • 14.20% of the earnings are spent on dividend by SM. This is a low number and sustainable payout ratio.
DP14.2%
EPS Next 2Y-8.27%
EPS Next 3Y-7.73%
SM Yearly Income VS Free CF VS DividendSM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B
SM Dividend Payout.SM Dividend Payout, showing the Payout Ratio.SM Dividend Payout.PayoutRetained Earnings

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SM Fundamentals: All Metrics, Ratios and Statistics

SM ENERGY CO

NYSE:SM (3/20/2026, 8:23:00 PM)

Premarket: 30.36 +0.32 (+1.07%)

30.04

+2.29 (+8.25%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-25
Earnings (Next)04-29
Inst Owners48.59%
Inst Owner Change-1.98%
Ins Owners0.56%
Ins Owner Change-2.14%
Market Cap7.16B
Revenue(TTM)3.15B
Net Income(TTM)648.00M
Analysts75.24
Price Target30.77 (2.43%)
Short Float %6.31%
Short Ratio2.09
Dividend
Industry RankSector Rank
Dividend Yield 3.17%
Yearly Dividend0.8
Dividend Growth(5Y)108.88%
DP14.2%
Div Incr Years3
Div Non Decr Years4
Ex-Date03-09
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.18%
Min EPS beat(2)-4.69%
Max EPS beat(2)0.33%
EPS beat(4)3
Avg EPS beat(4)5.47%
Min EPS beat(4)-4.69%
Max EPS beat(4)20.23%
EPS beat(8)6
Avg EPS beat(8)5.76%
EPS beat(12)10
Avg EPS beat(12)6.49%
EPS beat(16)12
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-8.69%
Min Revenue beat(2)-10.51%
Max Revenue beat(2)-6.86%
Revenue beat(4)0
Avg Revenue beat(4)-5.06%
Min Revenue beat(4)-10.51%
Max Revenue beat(4)-1.06%
Revenue beat(8)1
Avg Revenue beat(8)-3.8%
Revenue beat(12)2
Avg Revenue beat(12)-3.34%
Revenue beat(16)6
Avg Revenue beat(16)1.28%
PT rev (1m)-3.72%
PT rev (3m)-11.71%
EPS NQ rev (1m)-6.04%
EPS NQ rev (3m)-3.84%
EPS NY rev (1m)-6.71%
EPS NY rev (3m)-9.88%
Revenue NQ rev (1m)60.53%
Revenue NQ rev (3m)78.69%
Revenue NY rev (1m)4.14%
Revenue NY rev (3m)17.33%
Valuation
Industry RankSector Rank
PE 5.54
Fwd PE 8.62
P/S 2.27
P/FCF 13.28
P/OCF 3.56
P/B 1.49
P/tB 1.49
EV/EBITDA 4.69
EPS(TTM)5.42
EY18.04%
EPS(NY)3.49
Fwd EY11.6%
FCF(TTM)2.26
FCFY7.53%
OCF(TTM)8.44
OCFY28.09%
SpS13.23
BVpS20.18
TBVpS20.18
PEG (NY)N/A
PEG (5Y)N/A
Graham Number49.61
Profitability
Industry RankSector Rank
ROA 7%
ROE 13.47%
ROCE 10.17%
ROIC 8.02%
ROICexc 8.41%
ROICexgc 8.41%
OM 26.06%
PM (TTM) 20.55%
GM 71.94%
FCFM 17.09%
ROA(3y)9.6%
ROA(5y)9.79%
ROE(3y)18.09%
ROE(5y)18.41%
ROIC(3y)10.34%
ROIC(5y)16.41%
ROICexc(3y)10.98%
ROICexc(5y)17.71%
ROICexgc(3y)10.98%
ROICexgc(5y)17.71%
ROCE(3y)13.11%
ROCE(5y)20.8%
ROICexgc growth 3Y-36.68%
ROICexgc growth 5YN/A
ROICexc growth 3Y-36.68%
ROICexc growth 5YN/A
OM growth 3Y-23.57%
OM growth 5YN/A
PM growth 3Y-14.7%
PM growth 5YN/A
GM growth 3Y-4.08%
GM growth 5Y1.96%
F-Score7
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 5.04
Debt/EBITDA 1.13
Cap/Depr 121.96%
Cap/Sales 46.67%
Interest Coverage 4.95
Cash Conversion 99.11%
Profit Quality 83.18%
Current Ratio 0.69
Quick Ratio 0.69
Altman-Z 2.05
F-Score7
WACC7.85%
ROIC/WACC1.02
Cap/Depr(3y)234.35%
Cap/Depr(5y)187.27%
Cap/Sales(3y)73.3%
Cap/Sales(5y)54.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-20.18%
EPS 3Y-9.37%
EPS 5YN/A
EPS Q2Q%-56.54%
EPS Next Y-35.69%
EPS Next 2Y-8.27%
EPS Next 3Y-7.73%
EPS Next 5YN/A
Revenue 1Y (TTM)17.24%
Revenue growth 3Y-2.07%
Revenue growth 5Y22.86%
Sales Q2Q%-17.27%
Revenue Next Year99.91%
Revenue Next 2Y48.32%
Revenue Next 3Y28.08%
Revenue Next 5YN/A
EBIT growth 1Y-19.86%
EBIT growth 3Y-25.16%
EBIT growth 5YN/A
EBIT Next Year337.91%
EBIT Next 3Y76.38%
EBIT Next 5YN/A
FCF growth 1Y133.03%
FCF growth 3Y-12.57%
FCF growth 5Y18.04%
OCF growth 1Y12.82%
OCF growth 3Y6.04%
OCF growth 5Y20.52%

SM ENERGY CO / SM Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for SM ENERGY CO?

ChartMill assigns a fundamental rating of 6 / 10 to SM.


What is the valuation status for SM stock?

ChartMill assigns a valuation rating of 7 / 10 to SM ENERGY CO (SM). This can be considered as Undervalued.


How profitable is SM ENERGY CO (SM) stock?

SM ENERGY CO (SM) has a profitability rating of 6 / 10.


How financially healthy is SM ENERGY CO?

The financial health rating of SM ENERGY CO (SM) is 4 / 10.


How sustainable is the dividend of SM ENERGY CO (SM) stock?

The dividend rating of SM ENERGY CO (SM) is 6 / 10 and the dividend payout ratio is 14.2%.