Devon Energy Corp

Energy
Oil & Gas Production
www.devonenergy.com

Earnings Score

Market Cap $22.08B
Debt $8.88B
Cash $676.00M
EV $30.29B
FCF $NaN

Earnings

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Sales & Net Margins

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Equity	$14.48B
Growth Stability	-413%
PB	1.53
Price/Cash	0.03
Debt/Equity	0.61
Net Margins	20%
Earnings CAGR	5%
Sales Growth YoY	5%
Sales Growth QoQ	3%
Sales CAGR	0%
FCF CAGR	15%
Equity CAGR	-4%
Earnings Stability	-0.02
Earnings Growth YoY	-11%
Earnings Growth QoQ	-4%
Earnings CAGR 5Y	8%
Sales CAGR 5Y	12%
FCF CAGR 5Y	36%
Equity CAGR 5Y	33%

Earnings CAGR 3Y	2%
Sales CAGR 3Y	2%
FCF CAGR 3Y	-1%
Equity CAGR 3Y	14%
Market Cap	$22.08B
Dividend Yield	-0%
Assets	$30.26B
Total Debt	$8.88B
Cash	$676.00M
Shares Outstanding	622M
EV	30.29B
Earnings Score	6%
Working Capital	326M
Current Ratio	1.11
Shares Growth 3y	-2%
Equity Growth QoQ	14%
Equity Growth YoY	23%

Assets & ROA

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Stockholders Equity & ROE

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Devon Energy, based in Oklahoma City, is one of the largest independent exploration and production companies in North America. The firm's asset base is spread throughout onshore North America and includes exposure to the Delaware, STACK, Eagle Ford, Powder River Basin, and Bakken plays. At year-end 2021, Devon's proved reserves totaled 1.6 billion barrels of oil equivalent, and net production that year was 572 mboe/d (of which, oil and natural gas liquids made up 74% of production, with natural gas accounting for the remainder).

SEC Filings

Direct access to Devon Energy Corp (DVN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Devon Energy Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Devon Energy Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 5%

Stability -2%

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Devon Energy Corp Discounted Cash Flow

Fully customizable DCF calculator online for Devon Energy Corp.

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Net Margins	8%	-116%	-30%	6%	29%	-6%	-56%	23%	31%	20%
ROA	-	-70%	-11%	5%	8%	1%	-28%	14%	33%	-
ROE	-	-138%	-36%	6%	33%	-6%	-89%	30%	53%	-

Good Net Margins (19.52%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	TTM
Debt over FCF	-	174.84	-17.39	70.81	-27.68	32.29	13.98	2.23	1.12	-
Debt over Equity	0.43	1.19	0.98	0.75	0.67	0.73	1.44	0.69	0.59	0.61
Growth Stability	-	-	-	-	-	-413%	-223%	100%	-	-413%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.61)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-413%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	CAGR 5Y
Revenue YoY growth	-	-33%	-7%	14%	-23%	-42%	-22%	153%	57%	12%
Earnings YoY growth	-	-1K%	-76%	-124%	241%	-112%	655%	-205%	114%	8%
Equity YoY growth	-	-58%	-6%	36%	-35%	-36%	-49%	211%	20%	33%
FCF YoY growth	-	-107%	-879%	-126%	-249%	-160%	134%	836%	106%	36%