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SM Energy

DB:SJL
Snowflake Description

Reasonable growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SJL
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. The last earnings update was 17 days ago. More info.


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SJL Share Price and Events
7 Day Returns
4.6%
DB:SJL
0.7%
DE Oil and Gas
-0.2%
DE Market
1 Year Returns
-37.8%
DB:SJL
15.5%
DE Oil and Gas
-10.3%
DE Market
SJL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SM Energy (SJL) 4.6% -11.1% -19.6% -37.8% -45.3% -75.4%
DE Oil and Gas 0.7% 6% 10.3% 15.5% 20.5% 68.3%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • SJL underperformed the Oil and Gas industry which returned 15.5% over the past year.
  • SJL underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
SJL
Industry
5yr Volatility vs Market

SJL Value

 Is SM Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SM Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SM Energy.

DB:SJL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:SJL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.917 (1 + (1- 21%) (159.35%))
1.718
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.72
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.718 * 5.96%)
10.47%

Discounted Cash Flow Calculation for DB:SJL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SM Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:SJL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.47%)
2019 -208.47 Analyst x3 -188.72
2020 21.52 Analyst x6 17.63
2021 57.00 Analyst x2 42.29
2022 93.13 Est @ 63.38% 62.54
2023 134.51 Est @ 44.43% 81.77
2024 176.43 Est @ 31.17% 97.10
2025 215.05 Est @ 21.89% 107.14
2026 248.15 Est @ 15.39% 111.92
2027 275.06 Est @ 10.84% 112.30
2028 296.12 Est @ 7.66% 109.45
Present value of next 10 years cash flows $553.44
DB:SJL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $296.12 × (1 + 0.23%) ÷ (10.47% – 0.23%)
$2,899.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,899.18 ÷ (1 + 10.47%)10
$1,071.57
DB:SJL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $553.44 + $1,071.57
$1,625.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,625.01 / 112.24
$14.48
DB:SJL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SJL represents 0.91576x of NYSE:SM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91576x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.48 x 0.91576
€13.26
Value per share (EUR) From above. €13.26
Current discount Discount to share price of €13.83
= -1 x (€13.83 - €13.26) / €13.26
-4.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SM Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SM Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SM Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SJL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.12
NYSE:SM Share Price ** NYSE (2019-05-17) in USD $15.1
Germany Oil and Gas Industry PE Ratio Median Figure of 5 Publicly-Listed Oil and Gas Companies 9.63x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SM Energy.

DB:SJL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SM Share Price ÷ EPS (both in USD)

= 15.1 ÷ 0.12

125.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SM Energy is overvalued based on earnings compared to the DE Oil and Gas industry average.
  • SM Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SM Energy's expected growth come at a high price?
Raw Data
DB:SJL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 125.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
67.6%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 59 Publicly-Listed Oil and Gas Companies 0.96x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:SJL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 125.91x ÷ 67.6%

1.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SM Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SM Energy's assets?
Raw Data
DB:SJL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $24.44
NYSE:SM Share Price * NYSE (2019-05-17) in USD $15.1
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.1x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
DB:SJL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SM Share Price ÷ Book Value per Share (both in USD)

= 15.1 ÷ 24.44

0.62x

* Primary Listing of SM Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SM Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess SM Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. SM Energy has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SJL Future Performance

 How is SM Energy expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
67.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SM Energy expected to grow at an attractive rate?
  • SM Energy's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SM Energy's earnings growth is expected to exceed the Germany market average.
  • SM Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SJL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SJL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 67.6%
DB:SJL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 9.7%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:SJL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SJL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,383 1,344 467 3
2022-12-31 2,248 1,275 387 3
2021-12-31 1,979 1,179 226 7
2020-12-31 1,903 1,089 117 16
2019-12-31 1,624 816 -170 16
DB:SJL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,533 699 13
2018-12-31 1,573 721 508
2018-09-30 1,519 686 172
2018-06-30 1,365 585 219
2018-03-31 1,254 521 82
2017-12-31 1,208 515 -161
2017-09-30 1,214 508 -336
2017-06-30 1,245 538 -287
2017-03-31 1,246 570 -336
2016-12-31 1,128 553 -758
2016-09-30 1,081 609 -897
2016-06-30 1,119 686 -853

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SM Energy's earnings are expected to grow significantly at over 20% yearly.
  • SM Energy's revenue is expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:SJL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from SM Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SJL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.17 4.92 3.41 2.00
2022-12-31 3.45 3.87 3.02 2.00
2021-12-31 2.01 2.42 1.35 3.00
2020-12-31 0.57 1.15 0.14 9.00
2019-12-31 -0.65 -0.10 -1.33 6.00
DB:SJL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.12
2018-12-31 4.54
2018-09-30 1.54
2018-06-30 1.96
2018-03-31 0.74
2017-12-31 -1.44
2017-09-30 -3.15
2017-06-30 -2.93
2017-03-31 -3.85
2016-12-31 -9.90
2016-09-30 -12.69
2016-06-30 -12.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SM Energy will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess SM Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SM Energy has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SJL Past Performance

  How has SM Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SM Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SM Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • SM Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • SM Energy's 1-year earnings growth is negative, it can't be compared to the Europe Oil and Gas industry average.
Earnings and Revenue History
SM Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SM Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SJL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,532.90 13.44 173.78
2018-12-31 1,573.26 508.41 171.67
2018-09-30 1,519.23 172.42 180.40
2018-06-30 1,364.52 219.23 179.47
2018-03-31 1,254.06 82.12 177.98
2017-12-31 1,208.00 -160.84 176.76
2017-09-30 1,213.94 -335.53 176.77
2017-06-30 1,244.54 -287.33 180.81
2017-03-31 1,246.45 -336.10 180.09
2016-12-31 1,128.48 -757.74 192.07
2016-09-30 1,081.04 -897.06 206.84
2016-06-30 1,118.90 -853.04 217.14
2016-03-31 1,261.80 -741.86 238.90
2015-12-31 1,441.53 -447.71 268.94
2015-09-30 1,752.86 224.27 299.09
2015-06-30 2,023.74 430.10 318.88
2015-03-31 2,264.14 547.39 318.12
2014-12-31 2,393.76 666.05 296.96
2014-09-30 2,522.86 341.32 264.77
2014-06-30 2,517.97 203.07 238.72
2014-03-31 2,409.29 219.82 232.36
2013-12-31 2,264.29 170.94 223.66
2013-09-30 2,095.71 96.80 206.50
2013-06-30 1,863.37 -12.23 213.89
2013-03-31 1,638.75 -63.86 210.99
2012-12-31 1,534.38 -54.25 210.06
2012-09-30 1,500.39 -107.82 212.99
2012-06-30 1,460.10 160.61 196.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • SM Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SM Energy used its assets less efficiently than the DE Oil and Gas industry average last year based on Return on Assets.
  • SM Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess SM Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SM Energy has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SJL Health

 How is SM Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SM Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SM Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SM Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SM Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SM Energy Company Filings, last reported 1 month ago.

DB:SJL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,743.23 2,700.78 0.01
2018-12-31 2,920.32 2,596.33 77.97
2018-09-30 2,599.40 2,592.95 176.81
2018-06-30 2,736.63 2,915.73 615.91
2018-03-31 2,712.10 2,912.25 643.34
2017-12-31 2,394.61 2,908.77 313.94
2017-09-30 2,412.04 2,905.36 441.42
2017-06-30 2,501.83 2,901.95 559.52
2017-03-31 2,615.52 2,898.60 659.15
2016-12-31 2,497.13 2,897.58 9.37
2016-09-30 1,847.92 2,894.32 980.67
2016-06-30 1,348.84 2,603.08 0.02
2016-03-31 1,508.42 2,564.47 0.05
2015-12-31 1,852.40 2,517.97 0.02
2015-09-30 2,186.84 2,534.00 0.20
2015-06-30 2,188.31 2,472.00 0.08
2015-03-31 2,236.23 2,616.50 0.02
2014-12-31 2,286.66 2,332.45 0.12
2014-09-30 1,951.84 1,990.00 0.27
2014-06-30 1,745.95 1,600.00 163.79
2014-03-31 1,675.42 1,600.00 236.44
2013-12-31 1,606.82 1,600.00 282.25
2013-09-30 1,586.78 1,628.00 0.18
2013-06-30 1,526.90 1,628.00 0.18
2013-03-31 1,436.83 1,530.00 0.09
2012-12-31 1,414.47 1,440.00 5.93
2012-09-30 1,474.04 1,328.00 0.18
2012-06-30 1,527.70 1,161.00 0.18
  • SM Energy's level of debt (98.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (95.5% vs 98.5% today).
  • Debt is well covered by operating cash flow (25.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess SM Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SM Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SJL Dividends

 What is SM Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.66%
Current annual income from SM Energy dividends. Estimated to be 0.66% next year.
If you bought €2,000 of SM Energy shares you are expected to receive €13 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SM Energy's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • SM Energy's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SJL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 60 Stocks 5.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:SJL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.10 2.00
2020-12-31 0.10 3.00
2019-12-31 0.10 3.00
DB:SJL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.100 0.605
2019-02-21 0.100 0.613
2019-02-20 0.100 0.548
2018-09-28 0.100 0.483
2018-08-02 0.100 0.337
2018-08-01 0.100 0.361
2018-03-29 0.100 0.420
2018-02-21 0.100 0.541
2017-09-27 0.100 0.473
2017-08-04 0.100 0.686
2017-08-03 0.100 0.654
2017-03-29 0.100 0.532
2017-02-23 0.100 0.437
2016-09-23 0.100 0.294
2016-08-03 0.100 0.287
2016-08-02 0.100 0.358
2016-03-30 0.100 0.374
2016-02-24 0.100 0.720
2016-02-23 0.100 1.315
2015-09-30 0.100 0.518
2015-07-29 0.100 0.287
2015-07-28 0.100 0.277
2015-03-27 0.100 0.206
2015-02-25 0.100 0.215
2015-02-24 0.100 0.202
2014-09-30 0.100 0.226
2014-07-30 0.100 0.121
2014-07-29 0.100 0.127
2014-04-15 0.100 0.128
2014-02-19 0.100 0.138
2014-02-18 0.100 0.123
2013-10-11 0.100 0.117
2013-07-31 0.100 0.138
2013-07-30 0.100 0.148
2013-04-16 0.100 0.160
2013-02-21 0.100 0.171
2013-02-20 0.100 0.168
2012-10-15 0.100 0.185
2012-08-03 0.100 0.198
2012-08-01 0.100 0.226
2012-05-03 0.100 0.194
2012-05-02 0.100 0.153
2012-02-23 0.100 0.139
2012-02-22 0.100 0.123
2011-10-17 0.100 0.131
2011-08-03 0.100 0.140
2011-08-02 0.100 0.121
2011-05-03 0.100 0.145
2011-05-02 0.100 0.140
2011-02-25 0.100 0.137
2011-02-24 0.100 0.143
2010-10-15 0.100 0.188
2010-08-03 0.100 0.263
2010-08-02 0.100 0.242
2010-04-16 0.100 0.236
2010-02-24 0.100 0.280
2010-02-23 0.100 0.315
2009-10-16 0.100 0.292
2009-08-04 0.100 0.334
2009-08-03 0.100 0.383

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SM Energy is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • SM Energy is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of SM Energy's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of SM Energy's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of SM Energy's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess SM Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SM Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SM Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SJL Management

 What is the CEO of SM Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jay Ottoson
COMPENSATION $6,953,524
AGE 59
TENURE AS CEO 4.3 years
CEO Bio

Mr. Javan D. Ottoson, also known as Jay, has been the Chief Executive Officer of SM Energy Company since February 01, 2015 and has been its President since October 2012. Mr. Ottoson served as the Chief Operating Officer of SM Energy Company from December 18, 2006 to February 1, 2015. Mr. Ottoson has been in the energy industry for over 36 years. He served as an Executive Vice President of SM Energy Company from December 18, 2006 to October 2012. He has been in the oil and gas industry for 22 years. He joined SM Energy Company in December 2006. He served as Senior Vice President of Drilling and Engineering of EPL Oil & Gas, Inc. (formerly Energy Partners, Ltd.) from April 17, 2006 to July 9, 2007, where his responsibilities included overseeing all aspects of its drilling and engineering functions. Mr. Ottoson worked at Chevron and served as Permian Asset Development Manager, a position he has held since Chevron's acquisition of Unocal in 2005. He managed the Permian Basin assets for Pure Resources, Inc., a subsidiary of Unocal Corporation and its successor owner, Chevron, from July 2003 to April 2006. Prior to acquisition, he served as West Area Asset Manager of Pure Resources, Inc., a division of Unocal since 2003. From April 2000 to July 2003, Mr. Ottoson owned and operated a homebuilding company in Colorado and ran his family farm. He also spent 20 years with ARCO and served in a variety of operational and financial roles, both domestically and abroad which includes President of ARCO China, Commercial Director of ARCO British and Vice President of Operations and Development, ARCO Permian. He has been a Director of SM Energy Company since September 26, 2014. He holds a B.S. in Chemical and Petroleum Refining Engineering from the Colorado School of Mines.

CEO Compensation
  • Jay's compensation has been consistent with company performance over the past year.
  • Jay's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the SM Energy management team in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the SM Energy management team is about average.
Management Team

Jay Ottoson

TITLE
President
COMPENSATION
$7M
AGE
59
TENURE
4.3 yrs

A. Pursell

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
53
TENURE
10.7 yrs

Herb Vogel

TITLE
Executive Vice President of Operations
COMPENSATION
$3M
AGE
57
TENURE
4.8 yrs

David Copeland

TITLE
Executive VP
COMPENSATION
$2M
AGE
61
TENURE
8.3 yrs

Mary Lutey

TITLE
Senior VP and Regional Manager of South Texas & Gulf Coast
COMPENSATION
$1M
AGE
46
TENURE
4 yrs

Patrick Lytle

TITLE
Controller
AGE
37
TENURE
0.5 yrs

Jennifer Samuels

TITLE
Vice President of Investor Relations
TENURE
4 yrs

David Whitcomb

TITLE
Vice President of Marketing
COMPENSATION
$919K
AGE
55
TENURE
10.8 yrs

Candace Lyon

TITLE
Vice President of Human Resources
TENURE
1.3 yrs

Newt Newton

TITLE
Senior VP & Regional Manager of Permian Region
COMPENSATION
$1M
AGE
62
TENURE
11.9 yrs
Board of Directors Tenure

Average tenure and age of the SM Energy board of directors in years:

5.8
Average Tenure
61
Average Age
  • The tenure for the SM Energy board of directors is about average.
Board of Directors

Bill Sullivan

TITLE
Chairman of the Board
COMPENSATION
$385K
AGE
61

Jay Ottoson

TITLE
President
COMPENSATION
$7M
AGE
59
TENURE
4.7 yrs

Julio Quintana

TITLE
Independent Director
COMPENSATION
$288K
AGE
58
TENURE
12.8 yrs

Stephen Brand

TITLE
Independent Director
COMPENSATION
$285K
AGE
69
TENURE
8.2 yrs

Rose Robeson

TITLE
Independent Director
COMPENSATION
$292K
AGE
58
TENURE
4.8 yrs

Larry Bickle

TITLE
Independent Director
COMPENSATION
$270K
AGE
72
TENURE
24.3 yrs

Loren Leiker

TITLE
Independent Director
COMPENSATION
$270K
AGE
64
TENURE
6.7 yrs

Ramiro Peru

TITLE
Independent Director
COMPENSATION
$270K
AGE
62
TENURE
4.8 yrs

Carla Bailo

TITLE
Independent Director
COMPENSATION
$171K
AGE
57
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SM Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. May 19 Buy Javan Ottoson Individual 07. May 19 07. May 19 5,000 €13.08 €65,403
X
Management checks
We assess SM Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SM Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SJL News

Simply Wall St News

SJL Company Info

Description

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Details
Name: SM Energy Company
SJL
Exchange: DB
Founded: 1908
$1,518,623,796
112,244,545
Website: http://www.sm-energy.com
Address: SM Energy Company
1775 Sherman Street,
Suite 1200,
Denver,
Colorado, 80203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SM Common Stock New York Stock Exchange US USD 16. Dec 1992
DB SJL Common Stock Deutsche Boerse AG DE EUR 16. Dec 1992
LSE 0KZA Common Stock London Stock Exchange GB USD 16. Dec 1992
Number of employees
Current staff
Staff numbers
611
SM Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:54
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.