ANTERO RESOURCES CORP (AR) Stock Fundamental Analysis
NYSE:AR - New York Stock Exchange, Inc. - US03674X1063 - Common Stock - Currency: USD
Overall AR gets a fundamental rating of 4 out of 10. We evaluated AR against 213 industry peers in the Oil, Gas & Consumable Fuels industry. While AR is still in line with the averages on profitability rating, there are concerns on its financial health. AR is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AR was profitable.
AR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AR reported negative net income in multiple years.
In the past 5 years AR always reported a positive cash flow from operatings.
1.2 Ratios
AR has a Return On Assets (1.75%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of 3.17%, AR is in line with its industry, outperforming 40.38% of the companies in the same industry.
With a Return On Invested Capital value of 1.82%, AR is not doing good in the industry: 71.36% of the companies in the same industry are doing better.
AR had an Average Return On Invested Capital over the past 3 years of 7.38%. This is significantly below the industry average of 23.55%.
The last Return On Invested Capital (1.82%) for AR is well below the 3 year average (7.38%), which needs to be investigated, but indicates that AR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.75% | ||
| ROE | 3.17% | ||
| ROIC | 1.82% |
ROA(3y)5.12%
ROA(5y)0.87%
ROE(3y)10.6%
ROE(5y)1.31%
ROIC(3y)7.38%
ROIC(5y)N/A
1.3 Margins
AR's Profit Margin of 5.02% is in line compared to the rest of the industry. AR outperforms 44.13% of its industry peers.
AR has a worse Operating Margin (5.62%) than 67.61% of its industry peers.
AR's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 70.17%, AR is in the better half of the industry, outperforming 79.34% of the companies in the same industry.
In the last couple of years the Gross Margin of AR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.62% | ||
| PM (TTM) | 5.02% | ||
| GM | 70.17% |
OM growth 3Y-21.28%
OM growth 5Y-30.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.22%
GM growth 5Y9.09%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AR is destroying value.
The number of shares outstanding for AR has been increased compared to 1 year ago.
The number of shares outstanding for AR has been increased compared to 5 years ago.
AR has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.80, we must say that AR is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.80, AR is doing good in the industry, outperforming 61.03% of the companies in the same industry.
The Debt to FCF ratio of AR is 3.74, which is a good value as it means it would take AR, 3.74 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.74, AR is in the better half of the industry, outperforming 71.36% of the companies in the same industry.
A Debt/Equity ratio of 0.18 indicates that AR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.18, AR is in the better half of the industry, outperforming 70.89% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 3.74 | ||
| Altman-Z | 1.8 |
ROIC/WACC0.21
WACC8.8%
2.3 Liquidity
AR has a Current Ratio of 0.39. This is a bad value and indicates that AR is not financially healthy enough and could expect problems in meeting its short term obligations.
AR has a worse Current ratio (0.39) than 92.02% of its industry peers.
A Quick Ratio of 0.39 indicates that AR may have some problems paying its short term obligations.
The Quick ratio of AR (0.39) is worse than 90.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 950.00% over the past year.
Measured over the past years, AR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -37.61% on average per year.
AR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.64%.
The Revenue has been decreasing by -0.38% on average over the past years.
EPS 1Y (TTM)950%
EPS 3Y-37.61%
EPS 5YN/A
EPS Q2Q%1014.29%
Revenue 1Y (TTM)3.64%
Revenue growth 3Y-2.17%
Revenue growth 5Y-0.38%
Sales Q2Q%21.62%
3.2 Future
AR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.63% yearly.
AR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.85% yearly.
EPS Next Y844.29%
EPS Next 2Y242.34%
EPS Next 3Y121.27%
EPS Next 5Y38.63%
Revenue Next Year28.11%
Revenue Next 2Y16.06%
Revenue Next 3Y8.85%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 40.16 indicates a quite expensive valuation of AR.
Based on the Price/Earnings ratio, AR is valued a bit more expensive than 64.32% of the companies in the same industry.
AR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.32.
Based on the Price/Forward Earnings ratio of 10.58, the valuation of AR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AR indicates a somewhat cheap valuation: AR is cheaper than 65.73% of the companies listed in the same industry.
AR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.16 | ||
| Fwd PE | 10.58 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AR is valued a bit more expensive than 61.50% of the companies in the same industry.
AR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.96 | ||
| EV/EBITDA | 13.74 |
4.3 Compensation for Growth
AR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as AR's earnings are expected to grow with 121.27% in the coming years.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y242.34%
EPS Next 3Y121.27%
5. Dividend
5.1 Amount
No dividends for AR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSE:AR (6/16/2025, 1:27:08 PM)
42.17
+0.51 (+1.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners87.71%
Inst Owner Change2.63%
Ins Owners6.3%
Ins Owner Change0.55%
Market Cap13.10B
Analysts81.38
Price Target47.09 (11.67%)
Short Float %4.63%
Short Ratio2.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)36.63%
Min EPS beat(2)-9.71%
Max EPS beat(2)82.98%
EPS beat(4)1
Avg EPS beat(4)-24.15%
Min EPS beat(4)-165.08%
Max EPS beat(4)82.98%
EPS beat(8)5
Avg EPS beat(8)12.96%
EPS beat(12)6
Avg EPS beat(12)6.18%
EPS beat(16)7
Avg EPS beat(16)-3.11%
Revenue beat(2)0
Avg Revenue beat(2)-4.33%
Min Revenue beat(2)-5.41%
Max Revenue beat(2)-3.25%
Revenue beat(4)0
Avg Revenue beat(4)-2.98%
Min Revenue beat(4)-5.41%
Max Revenue beat(4)-1.21%
Revenue beat(8)2
Avg Revenue beat(8)-1.23%
Revenue beat(12)6
Avg Revenue beat(12)4.26%
Revenue beat(16)7
Avg Revenue beat(16)-2.88%
PT rev (1m)4.45%
PT rev (3m)2.82%
EPS NQ rev (1m)-5.34%
EPS NQ rev (3m)6.12%
EPS NY rev (1m)0%
EPS NY rev (3m)2.61%
Revenue NQ rev (1m)0.45%
Revenue NQ rev (3m)0.45%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)1.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.16 | ||
| Fwd PE | 10.58 | ||
| P/S | 2.87 | ||
| P/FCF | 37.96 | ||
| P/OCF | 12.53 | ||
| P/B | 1.81 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 13.74 |
EPS(TTM)1.05
EY2.49%
EPS(NY)3.98
Fwd EY9.45%
FCF(TTM)1.11
FCFY2.63%
OCF(TTM)3.37
OCFY7.98%
SpS14.67
BVpS23.25
TBVpS23.25
PEG (NY)0.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.75% | ||
| ROE | 3.17% | ||
| ROCE | 2.21% | ||
| ROIC | 1.82% | ||
| ROICexc | 1.82% | ||
| ROICexgc | 1.82% | ||
| OM | 5.62% | ||
| PM (TTM) | 5.02% | ||
| GM | 70.17% | ||
| FCFM | 7.57% |
ROA(3y)5.12%
ROA(5y)0.87%
ROE(3y)10.6%
ROE(5y)1.31%
ROIC(3y)7.38%
ROIC(5y)N/A
ROICexc(3y)7.38%
ROICexc(5y)N/A
ROICexgc(3y)7.38%
ROICexgc(5y)N/A
ROCE(3y)8.96%
ROCE(5y)N/A
ROICexcg growth 3Y-22.4%
ROICexcg growth 5Y-28.27%
ROICexc growth 3Y-22.4%
ROICexc growth 5Y-28.27%
OM growth 3Y-21.28%
OM growth 5Y-30.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.22%
GM growth 5Y9.09%
F-Score7
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | 3.74 | ||
| Debt/EBITDA | 1.24 | ||
| Cap/Depr | 89.89% | ||
| Cap/Sales | 15.37% | ||
| Interest Coverage | 2.23 | ||
| Cash Conversion | 100.99% | ||
| Profit Quality | 150.73% | ||
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 1.8 |
F-Score7
WACC8.8%
ROIC/WACC0.21
Cap/Depr(3y)131.55%
Cap/Depr(5y)118.34%
Cap/Sales(3y)17.99%
Cap/Sales(5y)18.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)950%
EPS 3Y-37.61%
EPS 5YN/A
EPS Q2Q%1014.29%
EPS Next Y844.29%
EPS Next 2Y242.34%
EPS Next 3Y121.27%
EPS Next 5Y38.63%
Revenue 1Y (TTM)3.64%
Revenue growth 3Y-2.17%
Revenue growth 5Y-0.38%
Sales Q2Q%21.62%
Revenue Next Year28.11%
Revenue Next 2Y16.06%
Revenue Next 3Y8.85%
Revenue Next 5YN/A
EBIT growth 1Y1.27%
EBIT growth 3Y-22.98%
EBIT growth 5Y-31.11%
EBIT Next Year1164.23%
EBIT Next 3Y133.48%
EBIT Next 5Y52.35%
FCF growth 1Y-80.29%
FCF growth 3Y-48.03%
FCF growth 5YN/A
OCF growth 1Y-63.05%
OCF growth 3Y-20.02%
OCF growth 5Y11.91%