Devon Energy
About the company
Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. The company operates in Delaware Basin located in southeast New Mexico and west Texas, Eagle Ford located in North America, Anadarko Basin located in western Oklahoma, Williston Basin located in North Dakota, and Powder River Basin located in Wyoming. Devon Energy Corporation was founded in 1971 and is headquartered in Houston, Texas.
Price below modeled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF disagrees strongly.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
The range depends on model assumptions and data; it is not a prediction or investment advice.
After signing in, return here and select “Add to watchlist”. Saving companies requires a verified email address.
Market price below modeled range
Showing the EV/Sales (Rule of 40) you selected on the company card, using 5.31% growth, 2.5% terminal growth and 9.2% discount. The range varies these assumptions slightly; it is illustrative, not investment advice. Low confidence: the modelled value is far from the market price, which usually means the model does not capture this company well (for example expected growth well above its history).
Assumptions: growth 5.31%, discount rate 9.20%, terminal growth 2.50% (sector defaults). See a worked example.
Blended growth assumption: 5.3% (sector default 4.6%, own revenue history 8.9%, analyst revenue consensus 3.9%).
Analyst consensus expects revenue growth of 3.9% a year; the growth assumption used is 5.3%.
Adjust assumptions
Show the recommended model instead
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — USD 11.47 (-73.3%)
-
EPS-based Gordon proxy
— USD 53.38 (+24.5%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
-
DCF (trailing free cash flow)
— USD 19.30 (-55.0%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
-
FCFF (steady state)
— USD 15.82 (-63.1%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
-
EV/EBITDA (12x)
— USD 101.33 (+136.3%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
-
Fade DCF (10-year growth fade)
— USD 19.18 (-55.3%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
-
EV/Sales (Rule of 40)
— USD 198.72 (+363.4%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 146.19 | 70.7% |
| Base USD 198.72 | 78.4% |
| Bull USD 251.26 | 82.9% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
6 months price change: -4.07% · USD 42.88 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 198.72). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour, 56 minutes ago).
07 May 2026Range USD 39.99 – 52.1505 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 92 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +0.7% a year | 12 / 20 |
| Balance sheet | net debt 1.2x EBITDA | 20 / 20 |
| Margins | EBITDA margin 45% | 20 / 20 |
Peers in Energy
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| DVN (this company) | USD 42.88 | -274.0% | 12.3 | 1.0 | 2.0% | 92 |
| HBR.L Harbour Energy plc | GBP 2.63 | 61.8% | – | 1.4 | 7.9% | 92 |
| FANG Diamondback Energy | USD 179.58 | 36.7% | 24.4 | 1.3 | 2.4% | 100 |
| SHEL.L Shell plc | GBP 37.23 | 32.4% | 8.6 | 1.4 | 3.0% | 84 |
| AKSO.OL Aker Solutions ASA | NOK 36.00 | 22.7% | 6.8 | 1.5 | 9.1% | 75 |
| BP.L BP p.l.c. | GBP 5.59 | 18.4% | – | – | 4.4% | 69 |
| BWLPG.OL BW LPG Limited | NOK 203.60 | 9.4% | 7.4 | 1.7 | 1.3% | 100 |
| EOG EOG Resources | USD 144.89 | 6.1% | 11.1 | 2.4 | 2.8% | 92 |
| TTE.PA TotalEnergies SE | EUR 79.73 | 4.8% | 9.0 | 1.5 | 4.2% | 84 |
| Peer median | 8.8 | 1.5 | ||||
Dividends
Paid in the last 12 months: USD 1.12 per share · yield 2.61% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 0.880 |
| 2025 | 0.960 |
| 2024 | 1.450 |
| 2023 | 2.870 |
| 2022 | 5.170 |
| 2021 | 1.970 |
Trailing 12-month financials
TTM through 30 Jun 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:40
| Revenue | USD 19,676,000,000 |
|---|---|
| EBITDA | USD 8,832,000,000 |
| EBIT | USD 4,743,000,000 |
| Net income | USD 3,280,000,000 |
| Free cash flow | USD 1,674,000,000 |
| Capital expenditures | USD 6,879,000,000 |
| Debt | USD 11,744,000,000 |
| Cash | USD 1,009,000,000 |
| Working capital | USD -1,991,000,000 |
| Shares outstanding | 940,000,000 |
| Reported dividends per share | USD 0.8734 |