Price to Sales (P/S)
since 2012
Calculation
Diamondback Energy Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2022 | 3.34 | = | 127.89 | ÷ | 38.31 | 38.31 | = | 6,797 | ÷ | 177,414,969 | |
| Feb 25, 2021 | 3.88 | = | 69.06 | ÷ | 17.80 | 17.80 | = | 2,813 | ÷ | 158,015,647 | |
| Feb 27, 2020 | 2.38 | = | 59.48 | ÷ | 25.04 | 25.04 | = | 3,964 | ÷ | 158,284,486 | |
| Feb 25, 2019 | 7.95 | = | 105.29 | ÷ | 13.24 | 13.24 | = | 2,176 | ÷ | 164,381,522 | |
| Feb 15, 2018 | 10.19 | = | 125.15 | ÷ | 12.28 | 12.28 | = | 1,205 | ÷ | 98,167,289 | |
| Feb 15, 2017 | 19.13 | = | 111.84 | ÷ | 5.85 | 5.85 | = | 527 | ÷ | 90,143,934 | |
| Feb 19, 2016 | 11.52 | = | 72.08 | ÷ | 6.26 | 6.26 | = | 447 | ÷ | 71,397,041 | |
| Feb 20, 2015 | 8.92 | = | 75.09 | ÷ | 8.42 | 8.42 | = | 496 | ÷ | 58,900,083 | |
| Feb 19, 2014 | 13.82 | = | 61.04 | ÷ | 4.42 | 4.42 | = | 208 | ÷ | 47,106,216 | |
| Mar 1, 2013 | 11.02 | = | 22.34 | ÷ | 2.03 | 2.03 | = | 75 | ÷ | 36,986,532 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Diamondback Energy Inc. Annual Report.
The analysis of the financial data reveals several notable trends and patterns over the observed periods.
- Share Price
- The share price experiences a general upward trajectory from US$22.34 in early 2013 to peak values in early 2018 at US$125.15, indicating significant growth. However, this is followed by a sharp decline to US$59.48 in early 2020, likely influenced by broader market or sector-specific disruptions. Subsequently, the price recovers to US$127.89 by early 2022, surpassing previous highs and suggesting a strong rebound or renewed investor confidence.
- Sales per Share
- Sales per share show substantial growth, rising from US$2.03 in 2013 to US$38.31 in 2022. This increase is not linear, experiencing fluctuations such as a decrease from US$8.42 in 2015 to US$5.85 in 2017 followed by a sharp rise to US$25.04 in 2020. The variability indicates periods of fluctuating operational performance or external factors affecting revenue generation. The overall upward trend, especially pronounced after 2017, suggests enhanced sales efficiency or expanding market share.
- Price-to-Sales (P/S) Ratio
- The P/S ratio exhibits a declining pattern from 11.02 in 2013 to 3.34 in 2022, with some fluctuations between years. The highest ratio occurs around 2017 at 19.13, possibly reflecting elevated market valuations compared to sales at that time. The subsequent downward trend in P/S ratio, especially noticeable from 2018 onwards, may imply that sales growth outpaced share price increases or a relative undervaluation by the market. The low P/S ratios in 2020 and later suggest that the market price of the shares became more aligned or conservative relative to sales levels.
Overall, the data indicates robust growth in both share price and sales per share over the long term, despite intermittent volatility. The decreasing P/S ratio suggests a maturing valuation environment where sales growth plays a more dominant role in share valuation compared to earlier periods. This pattern provides insights into evolving market perceptions and operational performance dynamics.
Comparison to Competitors
Diamondback Energy Inc., P/S, long-term trends, comparison to competitors
| Diamondback Energy Inc. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Feb 24, 2022 | 3.34 | 1.69 | 2.58 | 1.17 | 1.40 |
| Feb 25, 2021 | 3.88 | 2.09 | 3.52 | 1.34 | 1.39 |
| Feb 27, 2020 | 2.38 | 1.46 | 1.94 | 0.88 | 1.44 |
| Feb 25, 2019 | 7.95 | 1.43 | 2.16 | 1.20 | 2.80 |
| Feb 15, 2018 | 10.19 | 1.56 | 2.21 | 1.35 | 4.18 |
| Feb 15, 2017 | 19.13 | 1.91 | 2.51 | 1.54 | 4.94 |
| Feb 19, 2016 | 11.52 | 1.24 | 1.38 | 1.30 | 4.27 |
| Feb 20, 2015 | 8.92 | 1.02 | 1.57 | 0.95 | 3.18 |
| Feb 19, 2014 | 13.82 | 0.98 | 1.50 | 0.98 | 3.12 |
| Mar 1, 2013 | 11.02 | 0.98 | 1.23 | 0.89 | 2.73 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Diamondback Energy Inc., P/S, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Diamondback Energy Inc. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Feb 24, 2022 | 3.34 | 1.47 |
| Feb 25, 2021 | 3.88 | 1.71 |
| Feb 27, 2020 | 2.38 | 1.16 |
| Feb 25, 2019 | 7.95 | 1.41 |
| Feb 15, 2018 | 10.19 | 1.57 |
| Feb 15, 2017 | 19.13 | 1.81 |
| Feb 19, 2016 | 11.52 | 1.37 |
| Feb 20, 2015 | 8.92 | 1.09 |
| Feb 19, 2014 | 13.82 | 1.09 |
| Mar 1, 2013 | 11.02 | 1.00 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Energy)
Diamondback Energy Inc., P/S, long-term trends, comparison to industry (energy)
| Diamondback Energy Inc. | Energy | |
|---|---|---|
| Feb 24, 2022 | 3.34 | 1.51 |
| Feb 25, 2021 | 3.88 | 1.68 |
| Feb 27, 2020 | 2.38 | 1.19 |
| Feb 25, 2019 | 7.95 | 1.43 |
| Feb 15, 2018 | 10.19 | 1.70 |
| Feb 15, 2017 | 19.13 | 1.98 |
| Feb 19, 2016 | 11.52 | 1.45 |
| Feb 20, 2015 | 8.92 | 1.16 |
| Feb 19, 2014 | 13.82 | 1.18 |
| Mar 1, 2013 | 11.02 | 1.07 |
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), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).