Diversified Energy Co. (DEC) intrinsic value & 10-year financials
Diversified Energy Co. (DEC) has a Graham intrinsic value of $152.13 per share. At $14.83 on Oct 17, 2026, the stock trades 90% below that value. Over the last 6 fiscal years revenue grew 16.1% a year to $1.8B, with an average return on invested capital of -1.6%.
- Graham intrinsic value
- $152.13
- Share price (Oct 17, 2026)
- $14.83
- Price vs Graham value
- 90% below
- Market cap
- $1.1B
- Revenue (FY2025)
- $1.8B
- Revenue growth (6-yr CAGR)
- 16.1%
- ROIC (10-yr avg)
- -1.6%
- Free cash flow (FY2025)
- $280.0M
DEC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.8B | $341.1M | $4.58 | $280.0M | 29.2% | 17.6% |
| FY2024 | $757.3M | -$104.4M | -$2.17 | $168.6M | -12.8% | -2.4% |
| FY2023 | $1.9B | $748.7M | $15.76 | $217.2M | 56.9% | 54.1% |
| FY2022 | $1.9B | -$620.6M | -$14.82 | — | -35.0% | -41.8% |
| FY2021 | $1.0B | -$325.2M | -$8.20 | — | -46.4% | -35.6% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Diversified Energy Co revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Diversified Energy Co has historically struggled to out-earn its cost of capital, averaging just 6.9% ROIC.
Diversified Energy Co has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Diversified Energy Co is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $152.13 per share.