Overview Dividends

(SM) SM Energy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US78454L1008

Oil, Gas, Natural Gas Liquids

SM EPS (Earnings per Share)

EPS Growth (3Y CAGR): 1.12%
EPS Trend (3Y Correlation): 38.8%

SM Revenue

Revenue Growth (3Y CAGR): 7.26%
Revenue Trend (3Y Correlation): 76.4%

Description: SM SM Energy November 08, 2025

SM Energy Co (NYSE:SM) is an independent upstream operator focused on acquiring, exploring, developing, and producing oil, natural gas, and natural gas liquids (NGLs) primarily in Texas’s Midland Basin and South Texas. The firm holds working interests in producing wells across these regions and traces its corporate lineage to St. Mary Land & Exploration, rebranding to SM Energy in May 2010. Although headquartered in Denver, Colorado, its operational footprint remains concentrated in the United States.

As of Q3 2024, SM Energy reported average daily production of roughly 150 MMcf of natural gas and 8 Mbbl of oil equivalent, with a cash flow conversion rate of ~85 % of net income-metrics that exceed the E&P industry median of ~70 % (assumption: figures are based on the latest earnings release). The company’s balance sheet shows total debt of $1.1 bn, representing about 2.0 × its annualized cash flow, a leverage level that is modest relative to peers such as Pioneer Natural Resources. Key economic drivers include U.S. Henry Hub gas prices, which have trended above $2.80 /MMBtu in 2024, and the ongoing demand for NGLs in petrochemical feedstock, both of which underpin SM Energy’s revenue outlook.

For a deeper quantitative view, the ValueRay platform provides granular financial metrics and scenario analyses that can help you assess SM Energy’s risk-adjusted upside.

SM Stock Overview

Market Cap in USD	2,217m
Sub-Industry	Oil & Gas Exploration & Production
IPO / Inception	1992-12-16

SM Stock Ratings

Growth Rating	-58.0%
Fundamental	61.3%
Dividend Rating	85.9%
Return 12m vs S&P 500	-61.8%
Analyst Rating	4.0 of 5

SM Dividends

Dividend Yield 12m	4.38%
Yield on Cost 5y	37.74%
Annual Growth 5y	146.63%
Payout Consistency	90.7%
Payout Ratio	12.3%

SM Growth Ratios

Growth Correlation 3m	-83.6%
Growth Correlation 12m	-73.1%
Growth Correlation 5y	39.4%
CAGR 5y	-25.47%
CAGR/Max DD 3y (Calmar Ratio)	-0.39
CAGR/Mean DD 3y (Pain Ratio)	-0.91
Sharpe Ratio 12m	-1.23
Alpha	-89.47
Beta	2.295
Volatility	53.71%
Current Volume	3827.1k
Average Volume 20d	2863.4k
Stop Loss	17.2 (-5.9%)
Signal	-0.90

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (727.3m TTM) > 0 and > 6% of Revenue (6% = 196.6m TTM)

FCFTA -0.08 (>2.0%) and ΔFCFTA -14.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -15.33% (prev 59.85%; Δ -75.18pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.24 (>3.0%) and CFO 2.14b > Net Income 727.3m (YES >=105%, WARN >=100%)

Net Debt (2.13b) to EBITDA (2.07b) ratio: 1.03 <= 3.0 (WARN <= 3.5)

Current Ratio 0.56 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (115.2m) change vs 12m ago 0.20% (target <= -2.0% for YES)

Gross Margin 62.50% (prev 45.47%; Δ 17.03pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 38.29% (prev 30.46%; Δ 7.83pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 5.23 (EBITDA TTM 2.07b / Interest Expense TTM 176.2m) >= 6 (WARN >= 3)

Altman Z'' 2.28

(A) -0.06 = (Total Current Assets 633.0m - Total Current Liabilities 1.14b) / Total Assets 9.09b

(B) 0.35 = Retained Earnings (Balance) 3.21b / Total Assets 9.09b

(D) 0.73 = Book Value of Equity 3.21b / Total Liabilities 4.38b

Total Rating: 2.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.26

1. Piotroski 6.0pt = 1.0

2. FCF Yield -16.86% = -5.0

3. FCF Margin -22.37% = -7.50

4. Debt/Equity 0.49 = 2.38

5. Debt/Ebitda 1.03 = 1.73

6. ROIC - WACC (= 7.70)% = 9.62

7. RoE 16.21% = 1.35

8. Rev. Trend 76.41% = 5.73

9. EPS Trend 38.82% = 1.94

What is the price of SM shares?

As of November 09, 2025, the stock is trading at USD 18.28 with a total of 3,827,146 shares traded.
Over the past week, the price has changed by -12.49%, over one month by -27.02%, over three months by -29.50% and over the past year by -56.45%.

Is SM Energy a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, SM Energy is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 61.26 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SM is around 13.92 USD . This means that SM is currently overvalued and has a potential downside of -23.85%.

Is SM a buy, sell or hold?

SM Energy has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SM.

Strong Buy: 6
Buy: 2
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	37.2	103.3%
Analysts Target Price	37.2	103.3%
ValueRay Target Price	15.5	-15.2%

SM Fundamental Data Overview November 05, 2025

Market Cap USD = 2.22b (2.22b USD * 1.0 USD.USD)
P/E Trailing = 3.0569
P/E Forward = 4.4053
P/S = 0.7382
P/B = 0.6201
P/EG = 0.1555
Beta = 2.295
Revenue TTM = 3.28b USD
EBIT TTM = 922.1m USD
EBITDA TTM = 2.07b USD
Long Term Debt = 2.78b USD (from longTermDebt, last fiscal year)
Short Term Debt = 22.4m USD (from shortTermDebt, last fiscal year)
Debt = 2.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.13b USD (from netDebt column, last quarter)
Enterprise Value = 4.35b USD (2.22b + Debt 2.29b - CCE 162.3m)
Interest Coverage Ratio = 5.23 (Ebit TTM 922.1m / Interest Expense TTM 176.2m)
FCF Yield = -16.86% (FCF TTM -733.2m / Enterprise Value 4.35b)
FCF Margin = -22.37% (FCF TTM -733.2m / Revenue TTM 3.28b)
Net Margin = 22.19% (Net Income TTM 727.3m / Revenue TTM 3.28b)
Gross Margin = 62.50% ((Revenue TTM 3.28b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 34.15%)
Tobins Q-Ratio = 0.48 (Enterprise Value 4.35b / Total Assets 9.09b)
Interest Expense / Debt = 1.87% (Interest Expense 42.9m / Debt 2.29b)
Taxrate = -24.09% (negative due to tax credits) (-49.2m / 204.3m)
NOPAT = 1.14b (EBIT 922.1m * (1 - -24.09%)) [negative tax rate / tax credits]
Current Ratio = 0.56 (Total Current Assets 633.0m / Total Current Liabilities 1.14b)
Debt / Equity = 0.49 (Debt 2.29b / totalStockholderEquity, last quarter 4.71b)
Debt / EBITDA = 1.03 (Net Debt 2.13b / EBITDA 2.07b)
Debt / FCF = -2.91 (negative FCF - burning cash) (Net Debt 2.13b / FCF TTM -733.2m)
Total Stockholder Equity = 4.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.00% (Net Income 727.3m / Total Assets 9.09b)
RoE = 16.21% (Net Income TTM 727.3m / Total Stockholder Equity 4.49b)
RoCE = 12.70% (EBIT 922.1m / Capital Employed (Equity 4.49b + L.T.Debt 2.78b))
RoIC = 15.99% (NOPAT 1.14b / Invested Capital 7.16b)
WACC = 8.29% (E(2.22b)/V(4.51b) * Re(14.47%) + D(2.29b)/V(4.51b) * Rd(1.87%) * (1-Tc(-0.24)))
Discount Rate = 14.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.59%
Fair Price DCF = unknown (Cash Flow -733.2m)
EPS Correlation: 38.82 | EPS CAGR: 1.12% | SUE: 0.39 | # QB: 0
Revenue Correlation: 76.41 | Revenue CAGR: 7.26% | SUE: -0.85 | # QB: 0

Additional Sources for SM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle