Projected Income Statement: Devon Energy Corporation

Forecast Balance Sheet: Devon Energy Corporation

Forecast Balance Sheet - Devon Energy Corporation
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 4,211 4,986 5,280 8,037 6,955 7,475 5,029 922
Change - 18.4% 5.9% 52.22% -13.46% 7.48% -32.72% -81.67%
Announcement Date 2/15/22 2/14/23 2/27/24 2/18/25 2/17/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Devon Energy Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,989 2,542 3,883 3,645 3,592 4,973 5,450 5,531
Change - 27.8% 52.75% -6.13% -1.45% 38.44% 9.59% 1.49%
Free Cash Flow (FCF) 1 2,905 5,988 2,661 2,955 3,119 6,907 7,971 7,748
Change - 106.13% -55.56% 11.05% 5.55% 121.46% 15.41% -2.8%
Announcement Date 2/15/22 2/14/23 2/27/24 2/18/25 2/17/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Devon Energy Corporation

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 45.92% 50.01% 49.38% 48.55% 43.13% 51.61% 55.3% 59.26%
EBIT Margin (%) 27.49% 37.81% 31.9% 27.34% 21.45% 28.56% 30.3% 29.24%
EBT Margin (%) 23.74% 40.56% 30.3% 23.29% 20.17% 25.69% 26.71% 28.71%
Net margin (%) 23.05% 31.38% 24.56% 18.14% 15.37% 20.77% 22.01% 22.79%
FCF margin (%) 23.8% 31.24% 17.44% 18.54% 18.15% 27.1% 30.11% 32.38%
FCF / Net Income (%) 103.27% 99.55% 71.02% 102.21% 118.05% 130.47% 136.8% 142.12%

Profitability

        
ROA 18.19% 26.89% 15.54% 10.52% 7.99% 8.66% 6.1% 3.5%
ROE 46.32% 58.89% 32.26% 21.77% 16.53% 15.73% 10.93% 10.74%

Financial Health

        
Leverage (Debt/EBITDA) 0.75x 0.52x 0.7x 1.04x 0.94x 0.57x 0.34x 0.07x
Debt / Free cash flow 1.45x 0.83x 1.98x 2.72x 2.23x 1.08x 0.63x 0.12x

Capital Intensity

        
CAPEX / Current Assets (%) 16.3% 13.26% 25.45% 22.87% 20.9% 19.51% 20.59% 23.12%
CAPEX / EBITDA (%) 35.49% 26.52% 51.54% 47.1% 48.46% 37.8% 37.23% 39.01%
CAPEX / FCF (%) 68.47% 42.45% 145.92% 123.35% 115.17% 71.99% 68.37% 71.38%

Items per share

        
Cash flow per share 1 7.266 12.94 10.2 10.41 10.6 12.72 12.78 13.56
Change - 78.15% -21.21% 2.07% 1.84% 20.01% 0.42% 6.09%
Dividend per Share 1 1.97 0.6861 0.8037 1.45 0.96 1.111 1.321 1.419
Change - -65.17% 17.15% 80.42% -33.79% 15.72% 18.9% 7.44%
Book Value Per Share 1 13.97 17.1 18.79 22.86 24.53 45.18 44.43 50.36
Change - 22.41% 9.86% 21.71% 7.29% 84.17% -1.64% 13.34%
EPS 1 4.17 9.12 5.84 4.56 4.17 5.453 5.004 4.763
Change - 118.71% -35.96% -21.92% -8.55% 30.77% -8.24% -4.82%
Nbr of stocks (in thousands) 676,761 653,700 640,697 656,900 627,300 1,149,900 1,149,900 1,149,900
Announcement Date 2/15/22 2/14/23 2/27/24 2/18/25 2/17/26 - - -
1USD
Estimates
2026 *2027 *
P/E 9.02x 9.83x
PBR 1.09x 1.11x
EV / Sales 2.51x 2.33x
Yield 2.26% 2.69%

EPS & Dividend

EPS & Dividend - Devon Energy Corporation


Y-o-Y evolution of P/E

Valuation ratios - P/E - Devon Energy Corporation
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Devon Energy Corporation
Trader
Investor
Global
Quality
ESG MSCI
AA
MarketScreener Ratings - Devon Energy Corporation
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
28
Last Close Price
49.18USD
Average target price
61.59USD
Spread / Average Target
+25.24%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Devon Energy Corporation
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