BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
4.51 CAD
+0.03 (+0.67%)
BTE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 215 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 correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BTE was profitable.
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.
Each year in the past 5 years BTE had a positive operating cash flow.
1.2 Ratios
BTE has a better Return On Assets (2.82%) than 72.56% of its industry peers.
BTE's Return On Equity of 5.12% is in line compared to the rest of the industry. BTE outperforms 58.14% of its industry peers.
BTE's Return On Invested Capital of 5.61% is fine compared to the rest of the industry. BTE outperforms 76.28% of its industry peers.
The Average Return On Invested Capital over the past 3 years for BTE is in line with the industry average of 6.53%.
| 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 Profit Margin of 7.02%. This is comparable to the rest of the industry: BTE outperforms 59.53% of its industry peers.
BTE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 20.16%, BTE is doing good in the industry, outperforming 74.42% of the companies in the same industry.
In the last couple of years the Operating Margin of BTE has grown nicely.
With an excellent Gross Margin value of 79.89%, BTE belongs to the best of the industry, outperforming 93.95% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BTE is still creating some value.
BTE has less shares outstanding than it did 1 year ago.
The number of shares outstanding for BTE has been increased compared to 5 years ago.
BTE has a better debt/assets ratio than last year.
2.2 Solvency
BTE has an Altman-Z score of 0.64. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
BTE has a Altman-Z score (0.64) which is in line with its industry peers.
BTE has a debt to FCF ratio of 4.80. This is a neutral value as BTE would need 4.80 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.80, BTE belongs to the top of the industry, outperforming 83.26% of the companies in the same industry.
A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
BTE has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.64 |
ROIC/WACC0.72
WACC7.75%
2.3 Liquidity
A Current Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
With a Current ratio value of 0.58, BTE is not doing good in the industry: 66.51% of the companies in the same industry are doing better.
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 comparable to the rest of the industry.
| 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%.
The Revenue has been growing by 17.51% on average over the past years. This is quite good.
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 -36.26% on average per year.
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y-3.29%
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
EPS Next 5Y-36.26%
Revenue Next Year-15.25%
Revenue Next 2Y-9.43%
Revenue Next 3Y-3.54%
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.
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
BTE is valuated correctly with a Price/Earnings ratio of 16.11.
Compared to the rest of the industry, the Price/Earnings ratio of BTE indicates a somewhat cheap valuation: BTE is cheaper than 66.05% of the companies listed in the same industry.
BTE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.46.
A Price/Forward Earnings ratio of 54.90 indicates a quite expensive valuation of BTE.
BTE's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.10, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 54.9 |
4.2 Price Multiples
94.88% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 87.91% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.26 | ||
| EV/EBITDA | 2.84 |
4.3 Compensation for Growth
The decent profitability rating of BTE may justify a higher PE ratio.
BTE's earnings are expected to decrease with -32.58% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 2.01%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.88, BTE pays a bit more dividend than its industry peers.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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.
BTE has decreased its dividend 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-46.78%
EPS Next 3Y-32.58%
TSX:BTE (12/5/2025, 7:00:00 PM)
4.51
+0.03 (+0.67%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners31.25%
Inst Owner ChangeN/A
Ins Owners0.56%
Ins Owner ChangeN/A
Market Cap3.47B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts74.67
Price Target4.99 (10.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)22.39%
PT rev (3m)22.39%
EPS NQ rev (1m)-400%
EPS NQ rev (3m)87.5%
EPS NY rev (1m)-12.32%
EPS NY rev (3m)8.18%
Revenue NQ rev (1m)-3.48%
Revenue NQ rev (3m)-3.48%
Revenue NY rev (1m)-19.6%
Revenue NY rev (3m)-19.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 54.9 | ||
| P/S | 1.13 | ||
| P/FCF | 8.26 | ||
| P/OCF | 2.01 | ||
| P/B | 0.83 | ||
| P/tB | 0.83 | ||
| EV/EBITDA | 2.84 |
EPS(TTM)0.28
EY6.21%
EPS(NY)0.08
Fwd EY1.82%
FCF(TTM)0.55
FCFY12.11%
OCF(TTM)2.25
OCFY49.84%
SpS3.98
BVpS5.45
TBVpS5.45
PEG (NY)N/A
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 | 0.64 |
F-Score6
WACC7.75%
ROIC/WACC0.72
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 Y-3.29%
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
EPS Next 5Y-36.26%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-15.25%
Revenue Next 2Y-9.43%
Revenue Next 3Y-3.54%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year73.98%
EBIT Next 3Y14.31%
EBIT Next 5Y-7.16%
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 for BTE 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 16.11 and the Price/Book (PB) ratio is 0.83.
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 decline by -3.29% in the next year.