Projected Income Statement: 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 8,739 5,638 1,780
Change - 18.4% 5.9% 52.22% -13.46% 25.65% -35.48% -68.43%
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 4,911 5,634 5,787
Change - 27.8% 52.75% -6.13% -1.45% 36.71% 14.72% 2.73%
Free Cash Flow (FCF) 1 2,905 5,988 2,661 2,955 3,119 6,320 7,493 7,698
Change - 106.13% -55.56% 11.05% 5.55% 102.63% 18.57% 2.74%
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% 52.04% 53.97% 56.37%
EBIT Margin (%) 27.49% 37.81% 31.9% 27.34% 21.45% 26.42% 29.32% 30.64%
EBT Margin (%) 23.74% 40.56% 30.3% 23.29% 20.17% 22.64% 27.2% 29.75%
Net margin (%) 23.05% 31.38% 24.56% 18.14% 15.37% 17.9% 21.66% 23.04%
FCF margin (%) 23.8% 31.24% 17.44% 18.54% 18.15% 26.21% 27.19% 28.71%
FCF / Net Income (%) 103.27% 99.55% 71.02% 102.21% 118.05% 146.46% 125.55% 124.62%

Profitability

        
ROA 18.19% 26.89% 15.54% 10.52% 7.99% 12.5% 13.76% -
ROE 46.32% 58.89% 32.26% 21.77% 16.53% 19.22% 18.99% 16%

Financial Health

        
Leverage (Debt/EBITDA) 0.75x 0.52x 0.7x 1.04x 0.94x 0.7x 0.38x 0.12x
Debt / Free cash flow 1.45x 0.83x 1.98x 2.72x 2.23x 1.38x 0.75x 0.23x

Capital Intensity

        
CAPEX / Current Assets (%) 16.3% 13.26% 25.45% 22.87% 20.9% 20.37% 20.44% 21.58%
CAPEX / EBITDA (%) 35.49% 26.52% 51.54% 47.1% 48.46% 39.14% 37.88% 38.28%
CAPEX / FCF (%) 68.47% 42.45% 145.92% 123.35% 115.17% 77.7% 75.18% 75.18%

Items per share

        
Cash flow per share 1 7.266 12.94 10.2 10.41 10.6 11.72 12.02 12.44
Change - 78.15% -21.21% 2.07% 1.84% 10.55% 2.57% 3.48%
Dividend per Share 1 1.97 0.6861 0.8037 1.45 0.96 1.174 1.348 1.361
Change - -65.17% 17.15% 80.42% -33.79% 22.3% 14.85% 0.91%
Book Value Per Share 1 13.97 17.1 18.79 22.86 24.53 35.59 38.53 55.42
Change - 22.41% 9.86% 21.71% 7.29% 45.1% 8.26% 43.82%
EPS 1 4.17 9.12 5.84 4.56 4.17 4.396 5.147 5.862
Change - 118.71% -35.96% -21.92% -8.55% 5.42% 17.08% 13.89%
Nbr of stocks (in thousands) 676,761 653,700 640,697 656,900 627,300 1,153,403 1,153,403 1,153,403
Announcement Date 2/15/22 2/14/23 2/27/24 2/18/25 2/17/26 - - -
1USD
Estimates
2026 *2027 *
P/E 9.96x 8.51x
PBR 1.23x 1.14x
EV / Sales 2.46x 2.04x
Yield 2.68% 3.08%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
27
Last Close Price
43.78USD
Average target price
59.42USD
Spread / Average Target
+35.73%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. DVN Stock
  4. Financials Devon Energy Corporation