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Devon Energy (CHIX:DY6D) Cyclically Adjusted FCF per Share : €1.32 (As of Mar. 2025)


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What is Devon Energy Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Devon Energy's adjusted free cash flow per share for the three months ended in Mar. 2025 was €1.434. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.32 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Devon Energy's average Cyclically Adjusted FCF Growth Rate was 46.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Devon Energy was 46.70% per year. The lowest was -153.30% per year. And the median was 1.30% per year.

As of today (2025-05-30), Devon Energy's current stock price is €28.075. Devon Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €1.32. Devon Energy's Cyclically Adjusted Price-to-FCF of today is 21.27.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Devon Energy was 58.05. The lowest was 18.21. And the median was 39.55.


Devon Energy Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Devon Energy's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Devon Energy Cyclically Adjusted FCF per Share Chart

Devon Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -0.94 1.39

Devon Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.96 0.66 1.39 1.32

Competitive Comparison of Devon Energy's Cyclically Adjusted FCF per Share

For the Oil & Gas E&P subindustry, Devon Energy's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Devon Energy's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Devon Energy's Cyclically Adjusted Price-to-FCF falls into.


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Devon Energy Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Devon Energy's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.434/134.9266*134.9266
=1.434

Current CPI (Mar. 2025) = 134.9266.

Devon Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.755 100.684 -1.012
201509 0.790 100.392 1.062
201512 -1.207 99.792 -1.632
201603 -4.189 100.470 -5.626
201606 -0.266 101.688 -0.353
201609 0.518 101.861 0.686
201612 2.429 101.863 3.217
201703 0.131 102.862 0.172
201706 0.493 103.349 0.644
201709 0.366 104.136 0.474
201712 0.653 104.011 0.847
201803 0.229 105.290 0.293
201806 -0.080 106.317 -0.102
201809 0.501 106.507 0.635
201812 0.111 105.998 0.141
201903 -0.249 107.251 -0.313
201906 0.267 108.070 0.333
201909 -0.069 108.329 -0.086
201912 0.380 108.420 0.473
202003 -0.074 108.902 -0.092
202006 -0.473 108.767 -0.587
202009 0.604 109.815 0.742
202012 0.342 109.897 0.420
202103 0.120 111.754 0.145
202106 0.720 114.631 0.847
202109 1.407 115.734 1.640
202112 1.472 117.630 1.688
202203 1.793 121.301 1.994
202206 2.900 125.017 3.130
202209 -1.534 125.227 -1.653
202212 1.583 125.222 1.706
202303 0.941 127.348 0.997
202306 0.445 128.729 0.466
202309 1.202 129.860 1.249
202312 1.172 129.419 1.222
202403 1.217 131.776 1.246
202406 0.747 132.554 0.760
202409 -4.073 133.029 -4.131
202412 0.911 133.157 0.923
202503 1.434 134.927 1.434

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Devon Energy  (CHIX:DY6d) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Devon Energy's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=28.075/1.32
=21.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Devon Energy was 58.05. The lowest was 18.21. And the median was 39.55.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Devon Energy Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Devon Energy's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Devon Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (CHIX:DY6d) » Definitions » Cyclically Adjusted FCF per Share
Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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