Devon Energy Corporation (DVN) vs Woodside Energy Group Ltd (WDS)

Devon Energy Corporation and Woodside Energy Group Ltd are both Oil & Gas E&P companies. Devon Energy Corporation is the larger, with a market value of $53.3B against $42.2B — 1.3× the size. Woodside Energy Group Ltd trades at the lower P/E: 3.3× against 11.1×. Woodside Energy Group Ltd has the higher net margin (34.7% vs 16.7%) and the lower return on invested capital (0.00% vs 5.05%). Both pay a dividend; Devon Energy Corporation yields more (6.72% vs 5.14%). Across the 18 metrics below, Devon Energy Corporation leads on 9 and Woodside Energy Group Ltd on 9.

Valuation

Metric DVN WDS Oil & Gas E&P median
P/E 11.12 3.34 10.57
P/S 2.24 n/m 1.80
P/B 1.06 n/m 1.27
Price to free cash flow 27.43 n/m 9.99
EV/EBITDA 6.56 0.34 5.08
EV/Sales 2.77 0.24 2.39
Earnings yield 8.99% 29.96% 6.06%
Free cash flow yield 3.65% 0.00% 6.17%

Profitability

Metric DVN WDS Oil & Gas E&P median
Gross margin 79.45% 52.01% 80.41%
Operating margin 21.39% 0.00% 21.39%
Net margin 16.67% 34.74% 14.17%
Free cash flow margin 8.17% 0.00% 9.71%
Return on equity 11.50% 0.00% 10.05%
Return on assets 6.41% 0.00% 5.81%
Return on invested capital 5.05% 0.00% 6.32%

Growth

Metric DVN WDS Oil & Gas E&P median
Revenue growth (TTM) 14.64% — 9.94%
EPS growth (last fiscal year) (8.55%) (24.06%) —
Revenue growth, 5-year CAGR 28.91% 29.25% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DVN WDS Oil & Gas E&P median
Debt to equity 0.27 0.27 0.28
Current ratio 0.72 1.39 0.96
Net debt to EBITDA 0.99 0.65 0.91

Dividend

Metric DVN WDS Oil & Gas E&P median
Dividend yield 6.72% 5.14% 4.93%
Payout ratio 0.62 — 0.07

Size

Metric DVN WDS Oil & Gas E&P median
Market cap 53.28b 42.23b 923.59m

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