Stock Analysis on Net

Diamondback Energy Inc. (NASDAQ:FANG)

This company has been moved to the archive! The financial data has not been updated since November 8, 2022.

Common Stock Valuation Ratios (Price Multiples)

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Current Valuation Ratios

Diamondback Energy Inc., current price multiples

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Diamondback Energy Inc. Chevron Corp. ConocoPhillips Exxon Mobil Corp. Marathon Petroleum Corp. Occidental Petroleum Corp. Valero Energy Corp. Oil, Gas & Consumable Fuels Energy
Selected Financial Data
Current share price (P) $163.55
No. shares of common stock outstanding 175,998,577
Growth rate (g) 7.53%
 
Earnings per share (EPS) $12.40
Next year expected EPS $13.33
Operating profit per share $22.73
Sales per share $38.34
Book value per share (BVPS) $68.68
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 13.19 13.59 11.75 14.88 5.29 12.82 5.06 18.65 19.10
Price to next year expected earnings 12.27 13.73 10.69 14.40 4.89 13.79 4.81 18.67 19.04
Price-earnings-growth (PEG) 1.75 1.18 4.40 0.65 0.99 59.52
Price to operating profit (P/OP) 7.19 9.60 7.50 9.86 3.53 7.07 3.77 13.63 13.92
Price to sales (P/S) 4.27 1.48 2.29 1.60 0.35 1.71 0.31 1.49 1.53
Price to book value (P/BV) 2.38 1.80 2.61 2.62 2.10 1.60 1.70 2.63 2.68

Based on: 10-K (reporting date: 2021-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Diamondback Energy Inc., historical price multiples

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Price to earnings (P/E) 10.40 39.23 20.47 25.48
Price to operating profit (P/OP) 5.67 13.55 17.12 20.31
Price to sales (P/S) 3.36 3.96 2.42 8.13 10.36
Price to book value (P/BV) 1.88 1.24 0.71 1.26 2.34

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Diamondback Energy Inc. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Diamondback Energy Inc. P/BV ratio increased from 2019 to 2020 and from 2020 to 2021.

Price to Earnings (P/E)

Diamondback Energy Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 177,414,969 158,015,647 158,284,486 164,381,522 98,167,289
Selected Financial Data (US$)
Net income (loss) attributable to Diamondback Energy, Inc. (in millions) 2,182 (4,517) 240 846 482
Earnings per share (EPS)2 12.30 -28.59 1.52 5.14 4.91
Share price1, 3 127.89 69.06 59.48 105.29 125.15
Valuation Ratio
P/E ratio4 10.40 39.23 20.47 25.48
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 16.81 70.06
ConocoPhillips 14.66 8.77
Exxon Mobil Corp. 14.11 15.64
Marathon Petroleum Corp. 4.32 11.68
Occidental Petroleum Corp. 23.89
Valero Energy Corp. 37.78 12.12
P/E Ratio, Sector
Oil, Gas & Consumable Fuels 13.91 20.39
P/E Ratio, Industry
Energy 14.40 34.39

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
EPS = Net income (loss) attributable to Diamondback Energy, Inc. ÷ No. shares of common stock outstanding
= 2,182,000,000 ÷ 177,414,969 = 12.30

3 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.

4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 127.89 ÷ 12.30 = 10.40

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Diamondback Energy Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 177,414,969 158,015,647 158,284,486 164,381,522 98,167,289
Selected Financial Data (US$)
Income (loss) from operations (in millions) 4,001 (5,476) 695 1,011 605
Operating profit per share2 22.55 -34.65 4.39 6.15 6.16
Share price1, 3 127.89 69.06 59.48 105.29 125.15
Valuation Ratio
P/OP ratio4 5.67 13.55 17.12 20.31
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 11.40 30.35
ConocoPhillips 8.66 6.04
Exxon Mobil Corp. 9.86 10.14
Marathon Petroleum Corp. 9.79 5.52
Occidental Petroleum Corp. 7.96 45.37
Valero Energy Corp. 16.50 7.65
P/OP Ratio, Sector
Oil, Gas & Consumable Fuels 10.16 11.78
P/OP Ratio, Industry
Energy 10.49 16.13

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Operating profit per share = Income (loss) from operations ÷ No. shares of common stock outstanding
= 4,001,000,000 ÷ 177,414,969 = 22.55

3 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.

4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 127.89 ÷ 22.55 = 5.67

5 Click competitor name to see calculations.


Price to Sales (P/S)

Diamondback Energy Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 177,414,969 158,015,647 158,284,486 164,381,522 98,167,289
Selected Financial Data (US$)
Revenue from contracts with customers (in millions) 6,747 2,756 3,887 2,130 1,186
Sales per share2 38.03 17.44 24.56 12.96 12.08
Share price1, 3 127.89 69.06 59.48 105.29 125.15
Valuation Ratio
P/S ratio4 3.36 3.96 2.42 8.13 10.36
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.69 2.09 1.46
ConocoPhillips 2.58 3.52 1.94
Exxon Mobil Corp. 1.17 1.34 0.88
Marathon Petroleum Corp. 0.35 0.51 0.25
Occidental Petroleum Corp. 1.40 1.39 1.44
Valero Energy Corp. 0.31 0.48 0.27
P/S Ratio, Sector
Oil, Gas & Consumable Fuels 1.11 1.34 0.85
P/S Ratio, Industry
Energy 1.15 1.34 0.89

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Sales per share = Revenue from contracts with customers ÷ No. shares of common stock outstanding
= 6,747,000,000 ÷ 177,414,969 = 38.03

3 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.

4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 127.89 ÷ 38.03 = 3.36

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Diamondback Energy Inc. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Price to Book Value (P/BV)

Diamondback Energy Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
No. shares of common stock outstanding1 177,414,969 158,015,647 158,284,486 164,381,522 98,167,289
Selected Financial Data (US$)
Total Diamondback Energy, Inc. stockholders’ equity (in millions) 12,088 8,794 13,249 13,699 5,255
Book value per share (BVPS)2 68.13 55.65 83.70 83.34 53.53
Share price1, 3 127.89 69.06 59.48 105.29 125.15
Valuation Ratio
P/BV ratio4 1.88 1.24 0.71 1.26 2.34
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 1.89 1.50 1.42
ConocoPhillips 2.61 2.22 1.80
Exxon Mobil Corp. 1.93 1.53 1.17
Marathon Petroleum Corp. 1.61 1.60 0.91
Occidental Petroleum Corp. 1.79 1.33 0.86
Valero Energy Corp. 1.91 1.65 1.35
P/BV Ratio, Sector
Oil, Gas & Consumable Fuels 1.96 1.57 1.26
P/BV Ratio, Industry
Energy 2.02 1.60 1.31

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
BVPS = Total Diamondback Energy, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 12,088,000,000 ÷ 177,414,969 = 68.13

3 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.

4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 127.89 ÷ 68.13 = 1.88

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Diamondback Energy Inc. P/BV ratio increased from 2019 to 2020 and from 2020 to 2021.