BAYTEX ENERGY CORP (BTE.CA) Fundamental Analysis & Valuation

TSX:BTE • CA07317Q1054

5.49 CAD
-0.07 (-1.26%)
Last: Mar 12, 2026, 07:00 PM
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This BTE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

BTE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. While BTE is still in line with the averages on profitability rating, there are concerns on its financial health. BTE has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

5

1. BTE.CA Profitability Analysis

1.1 Basic Checks

  • In the past year BTE has reported negative net income.
  • In the past year BTE had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BTE reported negative net income in multiple years.
  • BTE had a positive operating cash flow in 4 of the past 5 years.
BTE.CA Yearly Net Income VS EBIT VS OCF VS FCFBTE.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B -2B

1.2 Ratios

  • With a Return On Assets value of 2.82%, BTE perfoms like the industry average, outperforming 58.96% of the companies in the same industry.
  • BTE has a Return On Equity (5.12%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.61%, BTE is in the better half of the industry, outperforming 77.36% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BTE is in line with the industry average of 6.67%.
Industry RankSector 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
BTE.CA Yearly ROA, ROE, ROICBTE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

  • BTE's Profit Margin of 7.02% is fine compared to the rest of the industry. BTE outperforms 61.32% of its industry peers.
  • In the last couple of years the Profit Margin of BTE has declined.
  • BTE has a Operating Margin of 20.16%. This is in the better half of the industry: BTE outperforms 76.89% of its industry peers.
  • In the last couple of years the Operating Margin of BTE has grown nicely.
  • BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 94.34% of its industry peers.
  • BTE's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
BTE.CA Yearly Profit, Operating, Gross MarginsBTE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. BTE.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTE is creating some value.
  • There is no outstanding debt for BTE. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
BTE.CA Yearly Shares OutstandingBTE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
BTE.CA Yearly Total Debt VS Total AssetsBTE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.76, we must say that BTE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BTE (0.76) 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.
  • With an excellent Debt to FCF ratio value of 4.80, BTE belongs to the best of the industry, outperforming 82.55% of the companies in the same industry.
  • BTE has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • BTE has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.76
ROIC/WACC0.79
WACC7.07%
BTE.CA Yearly LT Debt VS Equity VS FCFBTE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

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 68.40% of its industry peers.
  • A Quick Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.58, BTE perfoms like the industry average, outperforming 51.89% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.58
BTE.CA Yearly Current Assets VS Current LiabilitesBTE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. BTE.CA Growth Analysis

3.1 Past

  • BTE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -132.04%.
EPS 1Y (TTM)-132.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-745.8%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-66.28%

3.2 Future

  • BTE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.30% yearly.
  • The Revenue is expected to grow by 9.09% on average over the next years. This is quite good.
EPS Next Y173.38%
EPS Next 2Y80.28%
EPS Next 3Y34.57%
EPS Next 5Y38.3%
Revenue Next Year-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A

3.3 Evolution

BTE.CA Yearly Revenue VS EstimatesBTE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
BTE.CA Yearly EPS VS EstimatesBTE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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5

4. BTE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • BTE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 80.53, which means the current valuation is very expensive for 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 23.82, BTE is valued quite expensively.
Industry RankSector Rank
PE N/A
Fwd PE 80.53
BTE.CA Price Earnings VS Forward Price EarningsBTE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50

4.2 Price Multiples

  • 95.28% 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 87.74% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 9.83
EV/EBITDA 3.19
BTE.CA Per share dataBTE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

  • The 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 BTE's earnings are expected to grow with 34.57% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y80.28%
EPS Next 3Y34.57%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. BTE.CA Dividend Analysis

5.1 Amount

  • BTE has a Yearly Dividend Yield of 1.66%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 4.17, BTE pays a bit more dividend than its industry peers.
  • BTE's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.66%

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
BTE.CA Yearly Dividends per shareBTE.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.02 0.04 0.06

5.3 Sustainability

  • 32.39% of the earnings are spent on dividend by BTE. This is a low number and sustainable payout ratio.
DP32.39%
EPS Next 2Y80.28%
EPS Next 3Y34.57%
BTE.CA Yearly Income VS Free CF VS DividendBTE.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B -2B
BTE.CA Dividend Payout.BTE.CA Dividend Payout, showing the Payout Ratio.BTE.CA Dividend Payout.PayoutRetained Earnings

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BTE.CA Fundamentals: All Metrics, Ratios and Statistics

BAYTEX ENERGY CORP

TSX:BTE (3/12/2026, 7:00:00 PM)

5.49

-0.07 (-1.26%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners35.83%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap4.13B
Revenue(TTM)N/A
Net Income(TTM)214.63M
Analysts70.67
Price Target5.05 (-8.01%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.66%
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)1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)233.4%
EPS NY rev (1m)-2.82%
EPS NY rev (3m)9.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.65%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-4.42%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 80.53
P/S 1.35
P/FCF 9.83
P/OCF 2.39
P/B 0.99
P/tB 0.99
EV/EBITDA 3.19
EPS(TTM)-0.09
EYN/A
EPS(NY)0.07
Fwd EY1.24%
FCF(TTM)0.56
FCFY10.17%
OCF(TTM)2.3
OCFY41.84%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector 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 RankSector 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 0.76
F-Score6
WACC7.07%
ROIC/WACC0.79
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)-132.04%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-745.8%
EPS Next Y173.38%
EPS Next 2Y80.28%
EPS Next 3Y34.57%
EPS Next 5Y38.3%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-66.28%
Revenue Next Year-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year64.41%
EBIT Next 3Y-12.81%
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 4 / 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 5 / 10.


Can you provide the financial health for BTE stock?

The financial health rating of BAYTEX ENERGY CORP (BTE.CA) is 3 / 10.