ANTERO RESOURCES CORP (AR)
US03674X1063 - Common Stock
AR gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 214 industry peers in the Oil, Gas & Consumable Fuels industry. AR may be in some trouble as it scores bad on both profitability and health. AR is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
AR had positive earnings in the past year.
In the past year AR had a positive cash flow from operations.
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's Return On Assets of 1.78% is on the low side compared to the rest of the industry. AR is outperformed by 74.65% of its industry peers.
With a Return On Equity value of 3.48%, AR is not doing good in the industry: 76.06% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 3.74%, AR is not doing good in the industry: 77.00% of the companies in the same industry are doing better.
AR had an Average Return On Invested Capital over the past 3 years of 7.59%. This is significantly below the industry average of 45.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 3.48% | ||
| ROIC | 3.74% |
ROA(3y)4.63%
ROA(5y)0.4%
ROE(3y)9.45%
ROE(5y)0.3%
ROIC(3y)7.59%
ROIC(5y)N/A
1.3 Margins
AR has a worse Profit Margin (5.19%) than 69.95% of its industry peers.
AR has a worse Operating Margin (11.89%) than 68.54% 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 72.31%, AR is in the better half of the industry, outperforming 77.93% 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 | 11.89% | ||
| PM (TTM) | 5.19% | ||
| GM | 72.31% |
OM growth 3YN/A
OM growth 5Y-4.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.86%
GM growth 5Y3.36%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AR is destroying value.
Compared to 1 year ago, AR has more shares outstanding
Compared to 5 years ago, AR has less shares outstanding
Compared to 1 year ago, AR has a worse debt to assets ratio.
2.2 Solvency
AR has an Altman-Z score of 1.36. This is a bad value and indicates that AR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.36, AR perfoms like the industry average, outperforming 48.36% of the companies in the same industry.
AR has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
AR's Debt to Equity ratio of 0.22 is fine compared to the rest of the industry. AR outperforms 66.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.36 |
ROIC/WACC0.42
WACC8.95%
2.3 Liquidity
A Current Ratio of 0.33 indicates that AR may have some problems paying its short term obligations.
The Current ratio of AR (0.33) is worse than 93.43% of its industry peers.
A Quick Ratio of 0.33 indicates that AR may have some problems paying its short term obligations.
AR's Quick ratio of 0.33 is on the low side compared to the rest of the industry. AR is outperformed by 90.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 |
3. Growth
3.1 Past
AR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -90.36%.
Measured over the past years, AR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.50% on average per year.
Looking at the last year, AR shows a very negative growth in Revenue. The Revenue has decreased by -34.41% in the last year.
AR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.49% yearly.
EPS 1Y (TTM)-90.36%
EPS 3YN/A
EPS 5Y-14.5%
EPS growth Q2Q-77.88%
Revenue 1Y (TTM)-34.41%
Revenue growth 3Y10.27%
Revenue growth 5Y2.49%
Revenue growth Q2Q-42.74%
3.2 Future
The Earnings Per Share is expected to grow by 48.17% on average over the next years. This is a very strong growth
Based on estimates for the next years, AR will show a small growth in Revenue. The Revenue will grow by 5.34% on average per year.
EPS Next Y-40.37%
EPS Next 2Y127.71%
EPS Next 3Y72.64%
EPS Next 5Y48.17%
Revenue Next Year-3.6%
Revenue Next 2Y8.47%
Revenue Next 3Y5.34%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AR is valuated quite expensively with a Price/Earnings ratio of 58.53.
Based on the Price/Earnings ratio, AR is valued a bit more expensive than the industry average as 78.87% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of AR to the average of the S&P500 Index (25.20), we can say AR is valued expensively.
The Price/Forward Earnings ratio is 98.15, which means the current valuation is very expensive for AR.
70.89% of the companies in the same industry are cheaper than AR, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 21.60. AR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.53 | ||
| Fwd PE | 98.15 |
4.2 Price Multiples
AR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AR is more expensive than 61.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.77 |
4.3 Compensation for Growth
AR's earnings are expected to grow with 72.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y127.71%
EPS Next 3Y72.64%
5. Dividend
5.1 Amount
No dividends for AR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ANTERO RESOURCES CORP
NYSE:AR (4/23/2024, 7:04:00 PM)
After market: 31.28 +0.26 (+0.84%)31.02
+0.65 (+2.14%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.42B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 58.53 | ||
| Fwd PE | 98.15 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.78% | ||
| ROE | 3.48% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.89% | ||
| PM (TTM) | 5.19% | ||
| GM | 72.31% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.33 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-90.36%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-40.37%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-34.41%
Revenue growth 3Y10.27%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y