Company Valuation: Devon Energy Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 29,811 40,209 29,024 21,500 22,978 53,850 - -
Change - 34.88% -27.82% -25.92% 6.87% 134.35% - -
Enterprise Value (EV) 1 34,022 45,195 34,304 29,537 29,933 62,470 59,713 56,562
Change - 32.84% -24.1% -13.89% 1.34% 108.7% -4.41% -5.28%
P/E 10.6x 6.74x 7.76x 7.18x 8.78x 9.5x 9.71x 9.29x
PBR 3.15x 3.6x 2.41x 1.43x 1.49x 1.04x 1.07x 0.94x
PEG - 0x -0.2x -0.3x -1.03x 0.5x -4.5x 2.07x
Capitalization / Revenue 2.44x 2.1x 1.9x 1.35x 1.34x 2.17x 2.08x 2.18x
EV / Revenue 2.79x 2.36x 2.25x 1.85x 1.74x 2.51x 2.3x 2.29x
EV / EBITDA 6.07x 4.71x 4.55x 3.82x 4.04x 4.87x 4.01x 3.75x
EV / EBIT 10.1x 6.24x 7.05x 6.78x 8.12x 9.13x 7.45x 7.15x
EV / FCF 11.7x 7.55x 12.9x 10x 9.6x 9.34x 7.9x 7.38x
FCF Yield 8.54% 13.2% 7.76% 10% 10.4% 10.7% 12.7% 13.6%
Dividend per Share 2 1.97 0.6861 0.8037 1.45 0.96 1.132 1.276 1.287
Rate of return 4.47% 1.12% 1.77% 4.43% 2.62% 2.42% 2.72% 2.75%
EPS 2 4.17 9.12 5.84 4.56 4.17 4.931 4.825 5.041
Distribution rate 47.2% 7.52% 13.8% 31.8% 23% 23% 26.4% 25.5%
Net sales 1 12,206 19,169 15,258 15,940 17,188 24,843 25,918 24,668
EBITDA 1 5,605 9,586 7,534 7,739 7,413 12,834 14,882 15,097
EBIT 1 3,356 7,247 4,868 4,358 3,686 6,839 8,017 7,913
Net income 1 2,813 6,015 3,747 2,891 2,642 4,974 5,855 5,795
Net Debt 1 4,211 4,986 5,280 8,037 6,955 8,620 5,863 2,712
Reference price 2 44.05 61.51 45.30 32.73 36.63 46.83 46.83 46.83
Nbr of stocks (in thousands) 676,761 653,700 640,697 656,900 627,300 1,149,900 - -
Announcement Date 2/15/22 2/14/23 2/27/24 2/18/25 2/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.41x2.38x5.43x2.58% 158B
12.42x3.28x6.25x3.63% 102B
8.74x2.66x4.65x2.81% 77.02B
7.48x2.48x3.93x1.75% 58.39B
9.51x1.38x4.54x2.04% 57.03B
12.05x3.62x5.13x2.18% 55.97B
9.51x2.52x4.87x2.41% 53.94B
13.24x3.47x5.25x5.57% 44.88B
6.18x1.59x3.86x5.42% 34.74B
Average 10.17x 2.60x 4.88x 3.15% 71.4B
Weighted average by Cap. 10.71x 2.63x 5.08x 2.96%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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