BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - TSX:BTE - CA07317Q1054 - Common Stock
3.19 CAD
-0.07 (-2.15%)
BTE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While BTE belongs to the best of the industry regarding profitability, there are concerns on its financial health. BTE is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year BTE was profitable.
BTE had a positive operating cash flow in the past year.
In multiple years BTE reported negative net income over the last 5 years.
Each year in the past 5 years BTE had a positive operating cash flow.
1.2 Ratios
The Return On Assets of BTE (4.87%) is better than 82.86% of its industry peers.
BTE has a Return On Equity of 9.01%. This is in the better half of the industry: BTE outperforms 63.33% of its industry peers.
BTE has a better Return On Invested Capital (6.34%) than 77.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for BTE is in line with the industry average of 6.88%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.01% | ||
| ROIC | 6.34% |
ROA(3y)5.56%
ROA(5y)-4.3%
ROE(3y)9.27%
ROE(5y)-64.21%
ROIC(3y)8.42%
ROIC(5y)N/A
1.3 Margins
BTE has a Profit Margin of 11.64%. This is in the better half of the industry: BTE outperforms 72.38% of its industry peers.
In the last couple of years the Profit Margin of BTE has declined.
The Operating Margin of BTE (21.97%) is better than 74.29% of its industry peers.
In the last couple of years the Operating Margin of BTE has grown nicely.
With an excellent Gross Margin value of 80.34%, BTE belongs to the best of the industry, outperforming 93.81% of the companies in the same industry.
BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.97% | ||
| PM (TTM) | 11.64% | ||
| GM | 80.34% |
OM growth 3Y-12.27%
OM growth 5Y17.02%
PM growth 3Y-59.31%
PM growth 5YN/A
GM growth 3Y1.18%
GM growth 5Y1.87%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTE is creating some value.
Compared to 1 year ago, BTE has less shares outstanding
Compared to 5 years ago, BTE has more shares outstanding
Compared to 1 year ago, BTE has an improved debt to assets ratio.
2.2 Solvency
BTE has an Altman-Z score of 0.52. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.52, BTE is not doing good in the industry: 60.95% of the companies in the same industry are doing better.
BTE has a debt to FCF ratio of 4.09. This is a neutral value as BTE would need 4.09 years to pay back of all of its debts.
BTE has a better Debt to FCF ratio (4.09) than 83.81% of its industry peers.
BTE has a Debt/Equity ratio of 0.52. This is a neutral value indicating BTE is somewhat dependend on debt financing.
BTE has a Debt to Equity ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 0.52 |
ROIC/WACC0.82
WACC7.75%
2.3 Liquidity
A Current Ratio of 0.68 indicates that BTE may have some problems paying its short term obligations.
With a Current ratio value of 0.68, BTE is not doing good in the industry: 65.71% of the companies in the same industry are doing better.
BTE has a Quick Ratio of 0.68. This is a bad value and indicates that BTE is not financially healthy enough and could expect problems in meeting its short term obligations.
BTE has a Quick ratio of 0.68. This is comparable to the rest of the industry: BTE outperforms 52.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.92%, which is quite impressive.
Measured over the past years, BTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -32.67% on average per year.
Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -7.76% in the last year.
Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 17.51% on average per year.
EPS 1Y (TTM)195.92%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%53.85%
Revenue 1Y (TTM)-7.76%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-21.76%
3.2 Future
Based on estimates for the next years, BTE will show a very negative growth in Earnings Per Share. The EPS will decrease by -25.99% on average per year.
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y10.29%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
EPS Next 5YN/A
Revenue Next Year5.41%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.3%
Revenue Next 5Y1.69%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 6.79 indicates a rather cheap valuation of BTE.
Based on the Price/Earnings ratio, BTE is valued cheaply inside the industry as 89.05% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.00. BTE is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 20.60, the valuation of BTE can be described as rather expensive.
BTE's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of BTE to the average of the S&P500 Index (22.87), we can say BTE is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.79 | ||
| Fwd PE | 20.6 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 95.24% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, BTE is valued cheaply inside the industry as 95.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.72 | ||
| EV/EBITDA | 2.26 |
4.3 Compensation for Growth
BTE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
BTE has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as BTE's earnings are expected to decrease with -25.99% in the coming years.
PEG (NY)0.66
PEG (5Y)N/A
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 2.69%.
BTE's Dividend Yield is a higher than the industry average which is at 5.43.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
5.2 History
The dividend of BTE decreases each year by -45.77%.
BTE has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BTE decreased recently.
Dividend Growth(5Y)-45.77%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BTE pays out 19.01% of its income as dividend. This is a sustainable payout ratio.
The Dividend Rate of BTE has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP19.01%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
TSX:BTE (10/28/2025, 7:00:00 PM)
3.19
-0.07 (-2.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners32.65%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap2.45B
Revenue(TTM)3.16B
Net Income(TTM)367.88M
Analysts71.43
Price Target4.08 (27.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.69% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP19.01%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)268.78%
Min EPS beat(2)-22.51%
Max EPS beat(2)560.07%
EPS beat(4)1
Avg EPS beat(4)89.56%
Min EPS beat(4)-151.21%
Max EPS beat(4)560.07%
EPS beat(8)1
Avg EPS beat(8)-48.31%
EPS beat(12)4
Avg EPS beat(12)24.13%
EPS beat(16)6
Avg EPS beat(16)58.69%
Revenue beat(2)2
Avg Revenue beat(2)10.34%
Min Revenue beat(2)6.7%
Max Revenue beat(2)13.99%
Revenue beat(4)2
Avg Revenue beat(4)5.07%
Min Revenue beat(4)-0.39%
Max Revenue beat(4)13.99%
Revenue beat(8)5
Avg Revenue beat(8)2.43%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-200%
EPS NY rev (1m)0%
EPS NY rev (3m)19.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.79 | ||
| Fwd PE | 20.6 | ||
| P/S | 0.78 | ||
| P/FCF | 4.72 | ||
| P/OCF | 1.36 | ||
| P/B | 0.6 | ||
| P/tB | 0.6 | ||
| EV/EBITDA | 2.26 |
EPS(TTM)0.47
EY14.73%
EPS(NY)0.15
Fwd EY4.85%
FCF(TTM)0.68
FCFY21.2%
OCF(TTM)2.35
OCFY73.63%
SpS4.11
BVpS5.32
TBVpS5.32
PEG (NY)0.66
PEG (5Y)N/A
Graham Number7.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.01% | ||
| ROCE | 10% | ||
| ROIC | 6.34% | ||
| ROICexc | 6.34% | ||
| ROICexgc | 6.34% | ||
| OM | 21.97% | ||
| PM (TTM) | 11.64% | ||
| GM | 80.34% | ||
| FCFM | 16.44% |
ROA(3y)5.56%
ROA(5y)-4.3%
ROE(3y)9.27%
ROE(5y)-64.21%
ROIC(3y)8.42%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)13.28%
ROCE(5y)N/A
ROICexgc growth 3Y-2.67%
ROICexgc growth 5Y31.22%
ROICexc growth 3Y-2.67%
ROICexc growth 5Y31.22%
OM growth 3Y-12.27%
OM growth 5Y17.02%
PM growth 3Y-59.31%
PM growth 5YN/A
GM growth 3Y1.18%
GM growth 5Y1.87%
F-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Debt/EBITDA | 1.04 | ||
| Cap/Depr | 96.55% | ||
| Cap/Sales | 40.64% | ||
| Interest Coverage | 3.74 | ||
| Cash Conversion | 89.1% | ||
| Profit Quality | 141.26% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 0.52 |
F-Score7
WACC7.75%
ROIC/WACC0.82
Cap/Depr(3y)94.96%
Cap/Depr(5y)82.19%
Cap/Sales(3y)33.65%
Cap/Sales(5y)31.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)195.92%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%53.85%
EPS Next Y10.29%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.76%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-21.76%
Revenue Next Year5.41%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.3%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.99%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year73.98%
EBIT Next 3Y14.31%
EBIT Next 5Y10.2%
FCF growth 1Y66.22%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y82.07%
OCF growth 3Y38.88%
OCF growth 5Y17.98%
BAYTEX ENERGY CORP / BTE.CA FAQ
What is the fundamental rating for BTE stock?
ChartMill assigns a fundamental rating of 5 / 10 to BTE.CA.
What is the valuation status for BTE stock?
ChartMill assigns a valuation rating of 7 / 10 to BAYTEX ENERGY CORP (BTE.CA). This can be considered as Undervalued.
Can you provide the profitability details for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for BTE stock?
The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 6.79 and the Price/Book (PB) ratio is 0.6.
What is the expected EPS growth for BAYTEX ENERGY CORP (BTE.CA) stock?
The Earnings per Share (EPS) of BAYTEX ENERGY CORP (BTE.CA) is expected to grow by 10.29% in the next year.