Financials Diamondback Energy, Inc.

Equities

FANG

US25278X1090

Oil & Gas Exploration and Production

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
207.8 ^USD	+0.32%		+3.50%	+33.97%

Apr. 26	Diamondback Energy Shareholders Approve Stock Portion of Endeavor Energy Acquisition	MT
Apr. 24	New technology helps US shale oil industry start to rebuild well productivity	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	14,899	7,646	19,540	24,073	27,757	37,053	-	-
Enterprise Value (EV) ¹	20,147	13,357	25,642	30,335	33,965	42,018	45,204	43,566
P/E ratio	63.2 x	-1.69 x	8.77 x	5.56 x	8.94 x	11.1 x	9.38 x	9.37 x
Yield	1.01%	3.15%	1.81%	8.27%	4.66%	4.25%	4.09%	4.06%
Capitalization / Revenue	3.76 x	2.72 x	2.87 x	2.5 x	3.3 x	4.2 x	2.37 x	2.49 x
EV / Revenue	5.08 x	4.75 x	3.77 x	3.15 x	4.04 x	4.76 x	2.89 x	2.93 x
EV / EBITDA	6.83 x	6.54 x	6.26 x	4.33 x	5.55 x	6.35 x	3.83 x	3.79 x
EV / FCF	-1,007 x	82.5 x	10.6 x	6.42 x	11.4 x	13.6 x	7.91 x	7.84 x
FCF Yield	-0.1%	1.21%	9.44%	15.6%	8.79%	7.38%	12.6%	12.8%
Price to Book	1.15 x	0.87 x	1.59 x	1.62 x	1.67 x	2.01 x	1.74 x	1.39 x
Nbr of stocks (in thousands)	160,445	157,974	181,175	175,999	178,985	178,344	-	-
Reference price ²	92.86	48.40	107.8	136.8	155.1	207.8	207.8	207.8
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,964	2,813	6,797	9,643	8,412	8,825	15,624	14,881
EBITDA ¹	2,949	2,042	4,093	7,006	6,115	6,619	11,791	11,506
EBIT ¹	1,485	545	4,079	6,508	4,570	4,682	8,552	7,860
Operating Margin	37.46%	19.37%	60.01%	67.49%	54.33%	53.05%	54.74%	52.82%
Earnings before Tax (EBT) ¹	362	-5,776	2,907	5,736	4,248	4,543	8,346	7,588
Net income ¹	240	-4,517	2,182	4,386	3,143	3,334	6,143	5,604
Net margin	6.05%	-160.58%	32.1%	45.48%	37.36%	37.77%	39.32%	37.66%
EPS ²	1.470	-28.59	12.30	24.61	17.34	18.68	22.14	22.17
Free Cash Flow ¹	-20	162	2,421	4,724	2,987	3,099	5,714	5,560
FCF margin	-0.5%	5.76%	35.62%	48.99%	35.51%	35.11%	36.58%	37.37%
FCF Conversion (EBITDA)	-	7.93%	59.15%	67.43%	48.85%	46.82%	48.46%	48.32%
FCF Conversion (Net income)	-	-	110.95%	107.71%	95.04%	92.96%	93.03%	99.22%
Dividend per Share ²	0.9375	1.525	1.950	11.31	7.220	8.821	8.497	8.437
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 S1
Net sales ¹	1,910	2,022	2,408	2,768	2,437	2,030	1,925	1,919	2,340	2,228	2,110	2,204	2,221	2,270	3,873	-
EBITDA ¹	1,094	1,192	1,551	1,992	1,857	1,606	1,420	1,353	1,746	1,596	1,553	1,665	1,673	1,680	2,904	-
EBIT ¹	1,164	1,312	1,660	1,978	1,614	1,256	1,081	1,000	1,340	1,205	1,106	1,197	1,193	1,201	2,099	-
Operating Margin	60.94%	64.89%	68.94%	71.46%	66.23%	61.87%	56.16%	52.11%	57.26%	54.08%	52.41%	54.33%	53.68%	52.92%	54.2%	-
Earnings before Tax (EBT) ¹	867	1,330	1,024	1,863	1,560	1,289	953	751	1,269	1,275	1,036	1,173	1,162	1,156	2,063	-
Net income ¹	649	1,002	779	1,416	1,184	1,007	712	556	915	960	773.5	851.6	847.8	844.4	1,533	-
Net margin	33.98%	49.55%	32.35%	51.16%	48.58%	49.61%	36.99%	28.97%	39.1%	43.09%	36.66%	38.65%	38.17%	37.19%	39.6%	-
EPS ²	3.560	5.540	4.360	7.930	6.720	5.620	3.880	3.050	5.070	5.340	4.359	4.720	4.706	4.602	5.315	-
Dividend per Share ²	0.5000	0.6000	0.7000	3.050	2.260	2.950	0.8300	0.8400	3.370	2.180	2.751	1.987	2.134	2.153	2.891	-
Announcement Date	11/1/21	2/22/22	5/2/22	8/1/22	11/7/22	2/21/23	5/1/23	7/31/23	11/6/23	2/20/24	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	5,248	5,711	6,102	6,262	6,208	4,965	8,151	6,513
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.78 x	2.797 x	1.491 x	0.8938 x	1.015 x	0.7502 x	0.6913 x	0.566 x
Free Cash Flow ¹	-20	162	2,421	4,724	2,987	3,099	5,714	5,560
ROE (net income / shareholders' equity)	8.42%	4.36%	19.2%	31.6%	20.6%	16.4%	18.6%	12.5%
ROA (Net income/ Total Assets)	5.03%	2.34%	9.92%	17.4%	11.4%	10.5%	8.1%	5.3%
Assets ¹	4,771	-193,216	22,003	25,144	27,605	31,839	75,837	105,735
Book Value Per Share ²	81.00	55.60	67.90	84.50	93.00	103.0	119.0	150.0
Cash Flow per Share ²	17.70	12.80	22.00	37.00	31.20	31.70	34.80	34.90
Capex ¹	2,921	1,859	1,487	1,938	2,701	2,484	4,247	4,126
Capex / Sales	73.69%	66.09%	21.88%	20.1%	32.11%	28.14%	27.18%	27.73%
Announcement Date	2/18/20	2/22/21	2/22/22	2/21/23	2/20/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Diamondback Energy, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

207.8 USD

Average target price

219.7 USD

Spread / Average Target

+5.74%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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