WallStSmart

Dorchester Minerals LP (DMLP)vsDevon Energy Corporation (DVN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Devon Energy Corporation generates 9976% more annual revenue ($18.78B vs $186.39M). DMLP leads profitability with a 45.3% profit margin vs 17.5%. DMLP appears more attractively valued with a PEG of 0.83. DVN earns a higher WallStSmart Score of 79/100 (B+).

DMLP

Strong Buy

77

out of 100

Grade: B+

Growth: 7.3Profit: 9.5Value: 8.7Quality: 7.3
Piotroski: 2/9

DVN

Strong Buy

79

out of 100

Grade: B+

Growth: 7.3Profit: 7.0Value: 4.7Quality: 5.5
Piotroski: 3/9Altman Z: 1.99
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

DMLPUndervalued (+49.3%)

Margin of Safety

+49.3%

Fair Value

$50.11

Current Price

$29.55

$20.56 discount

UndervaluedFair: $50.11Overvalued
DVNSignificantly Overvalued (-42.8%)

Margin of Safety

-42.8%

Fair Value

$34.30

Current Price

$50.23

$15.93 premium

UndervaluedFair: $34.30Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

DMLP6 strengths · Avg: 9.8/10
Profit MarginProfitability
45.3%10/10

Keeps 45 of every $100 in revenue as profit

Operating MarginProfitability
55.0%10/10

Strong operational efficiency at 55.0%

Revenue GrowthGrowth
73.1%10/10

Revenue surging 73.1% year-over-year

EPS GrowthGrowth
145.8%10/10

Earnings expanding 145.8% YoY

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Return on EquityProfitability
22.8%9/10

Every $100 of equity generates 23 in profit

DVN6 strengths · Avg: 9.7/10
P/E RatioValuation
10.5x10/10

Attractively priced relative to earnings

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

Operating MarginProfitability
41.1%10/10

Strong operational efficiency at 41.1%

Revenue GrowthGrowth
64.2%10/10

Revenue surging 64.2% year-over-year

Market CapQuality
$53.24B9/10

Large-cap with strong market position

Debt/EquityHealth
0.289/10

Conservative balance sheet, low leverage

Areas to Watch

DMLP2 concerns · Avg: 3.0/10
Market CapQuality
$1.46B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

DVN4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.994/10

Grey zone — moderate risk

Return on EquityProfitability
7.9%3/10

ROE of 7.9% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
2.932/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : DMLP

The strongest argument for DMLP centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 45.3% and operating margin at 55.0%. Revenue growth of 73.1% demonstrates continued momentum.

Bull Case : DVN

The strongest argument for DVN centers on P/E Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 17.5% and operating margin at 41.1%. Revenue growth of 64.2% demonstrates continued momentum.

Bear Case : DMLP

The primary concerns for DMLP are Market Cap, Piotroski F-Score.

Bear Case : DVN

The primary concerns for DVN are Altman Z-Score, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

DMLP carries more volatility with a beta of 0.52 — expect wider price swings.

DMLP is growing revenue faster at 73.1% — sustainability is the question.

DMLP generates stronger free cash flow (64M), providing more financial flexibility.

Monitor OIL & GAS E&P industry trends, competitive dynamics, and regulatory changes.

Bottom Line

DVN scores higher overall (79/100 vs 77/100), backed by strong 17.5% margins and 64.2% revenue growth. DMLP offers better value entry with a 49.3% margin of safety. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Dorchester Minerals LP

ENERGY · OIL & GAS E&P · USA

Dorchester Minerals, LP is engaged in the acquisition, ownership and management of royalties, net proceeds and lease interests of producing and non-producing natural gas and crude oil in the United States. The company is headquartered in Dallas, Texas.

Devon Energy Corporation

ENERGY · OIL & GAS E&P · USA

Devon Energy Corporation is an American energy company engaged in hydrocarbon exploration in the American market.

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