BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
4.61 CAD
-0.08 (-1.71%)
Taking everything into account, BTE scores 5 out of 10 in our fundamental rating. BTE was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. BTE has only an average score on both its financial health and profitability. BTE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- BTE had positive earnings in the past year.
- BTE had a positive operating cash flow in the past year.
- The reported net income has been mixed in the past 5 years: BTE reported negative net income in multiple years.
- In the past 5 years BTE always reported a positive cash flow from operatings.
1.2 Ratios
- BTE has a better Return On Assets (2.82%) than 72.04% of its industry peers.
- Looking at the Return On Equity, with a value of 5.12%, BTE is in line with its industry, outperforming 58.77% of the companies in the same industry.
- The Return On Invested Capital of BTE (5.61%) is better than 77.73% 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 6.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.12% | ||
| ROIC | 5.61% |
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 better Profit Margin (7.02%) than 60.66% of its industry peers.
- BTE's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 20.16%, BTE is in the better half of the industry, outperforming 75.83% of the companies in the same industry.
- In the last couple of years the Operating Margin of BTE has grown nicely.
- The Gross Margin of BTE (79.89%) is better than 94.31% of its industry peers.
- BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.16% | ||
| PM (TTM) | 7.02% | ||
| GM | 79.89% |
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
- BTE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- BTE has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, BTE has more shares outstanding
- The debt/assets ratio for BTE has been reduced compared to a year ago.
2.2 Solvency
- Based on the Altman-Z score of 0.67, we must say that BTE is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of BTE (0.67) is comparable to the rest of the industry.
- The Debt to FCF ratio of BTE is 4.80, which is a neutral value as it means it would take BTE, 4.80 years of fcf income to pay off all of its debts.
- BTE has a better Debt to FCF ratio (4.80) than 81.04% of its industry peers.
- BTE has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of BTE (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.75
WACC7.49%
2.3 Liquidity
- A Current Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
- BTE has a worse Current ratio (0.58) than 63.98% of its industry peers.
- BTE has a Quick Ratio of 0.58. 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 (0.58) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
- BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.29%, which is quite impressive.
- The earnings per share for BTE have been decreasing by -32.67% on average. This is quite bad
- BTE shows a decrease in Revenue. In the last year, the revenue decreased by -8.89%.
- BTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.51% yearly.
EPS 1Y (TTM)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
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 -36.56% on average per year.
- Based on estimates for the next years, BTE will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.56%
Revenue Next Year-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
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 stable.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 16.46, the valuation of BTE can be described as correct.
- BTE's Price/Earnings ratio is a bit cheaper when compared to the industry. BTE is cheaper than 65.88% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 27.47. BTE is valued slightly cheaper when compared to this.
- BTE is valuated quite expensively with a Price/Forward Earnings ratio of 80.54.
- The rest of the industry has a similar Price/Forward Earnings ratio as BTE.
- The average S&P500 Price/Forward Earnings ratio is at 24.26. BTE is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 80.54 |
4.2 Price Multiples
- 93.84% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BTE is valued cheaper than 88.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.44 | ||
| EV/EBITDA | 2.92 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 -42.94% in the coming years.
PEG (NY)1.7
PEG (5Y)N/A
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
5. Dividend
5.1 Amount
- BTE has a Yearly Dividend Yield of 1.96%. Purely for dividend investing, there may be better candidates out there.
- BTE's Dividend Yield is a higher than the industry average which is at 2.71.
- Compared to an average S&P500 Dividend Yield of 1.89, BTE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
- The dividend of BTE decreases each year by -45.77%.
- BTE has paid a dividend for at least 10 years, which is 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
- 32.39% of the earnings are spent on dividend by BTE. This is a low number and sustainable payout ratio.
- BTE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP32.39%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
TSX:BTE (1/16/2026, 7:00:00 PM)
4.61
-0.08 (-1.71%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)03-02 2026-03-02/amc
Inst Owners30.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap3.54B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts74.67
Price Target4.99 (8.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)357.79%
Min EPS beat(2)155.51%
Max EPS beat(2)560.07%
EPS beat(4)2
Avg EPS beat(4)135.46%
Min EPS beat(4)-151.21%
Max EPS beat(4)560.07%
EPS beat(8)2
Avg EPS beat(8)-24.53%
EPS beat(12)4
Avg EPS beat(12)24.64%
EPS beat(16)7
Avg EPS beat(16)70.75%
Revenue beat(2)1
Avg Revenue beat(2)6.57%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)13.99%
Revenue beat(4)2
Avg Revenue beat(4)4.86%
Min Revenue beat(4)-0.85%
Max Revenue beat(4)13.99%
Revenue beat(8)4
Avg Revenue beat(8)1.8%
Revenue beat(12)6
Avg Revenue beat(12)-0.77%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)22.39%
EPS NQ rev (1m)800%
EPS NQ rev (3m)187.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)3.65%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)-3.27%
Revenue NY rev (3m)-20.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.46 | ||
| Fwd PE | 80.54 | ||
| P/S | 1.16 | ||
| P/FCF | 8.44 | ||
| P/OCF | 2.05 | ||
| P/B | 0.85 | ||
| P/tB | 0.85 | ||
| EV/EBITDA | 2.92 |
EPS(TTM)0.28
EY6.07%
EPS(NY)0.06
Fwd EY1.24%
FCF(TTM)0.55
FCFY11.85%
OCF(TTM)2.25
OCFY48.76%
SpS3.98
BVpS5.45
TBVpS5.45
PEG (NY)1.7
PEG (5Y)N/A
Graham Number5.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.12% | ||
| ROCE | 8.85% | ||
| ROIC | 5.61% | ||
| ROICexc | 5.62% | ||
| ROICexgc | 5.62% | ||
| OM | 20.16% | ||
| PM (TTM) | 7.02% | ||
| GM | 79.89% | ||
| FCFM | 13.73% |
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-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Debt/EBITDA | 1.04 | ||
| Cap/Depr | 100.3% | ||
| Cap/Sales | 42.77% | ||
| Interest Coverage | 3.36 | ||
| Cash Conversion | 89.97% | ||
| Profit Quality | 195.57% | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 0.67 |
F-Score6
WACC7.49%
ROIC/WACC0.75
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)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.56%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year70.26%
EBIT Next 3Y-11.36%
EBIT Next 5Y-7.6%
FCF growth 1Y110.83%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y53.56%
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 of BAYTEX ENERGY CORP (BTE.CA) stock?
ChartMill assigns a valuation rating of 5 / 10 to BAYTEX ENERGY CORP (BTE.CA). This can be considered as Fairly Valued.
Can you provide the profitability details for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for BTE stock?
The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 16.46 and the Price/Book (PB) ratio is 0.85.
How financially healthy is BAYTEX ENERGY CORP?
The financial health rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10.