BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - TSX:BTE - CA07317Q1054 - Common Stock
3.3 CAD
+0.02 (+0.61%)
Taking everything into account, BTE scores 5 out of 10 in our fundamental rating. BTE was compared to 216 industry peers in the Oil, Gas & Consumable Fuels industry. While BTE has a great profitability rating, there are some minor concerns on its financial health. BTE is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year BTE was profitable.
In the past year BTE had a positive cash flow from operations.
In multiple years BTE reported negative net income over the last 5 years.
In the past 5 years BTE always reported a positive cash flow from operatings.
1.2 Ratios
BTE has a Return On Assets of 4.87%. This is amongst the best in the industry. BTE outperforms 83.49% of its industry peers.
BTE has a Return On Equity of 9.01%. This is in the better half of the industry: BTE outperforms 63.76% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.34%, BTE is in the better half of the industry, outperforming 77.98% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTE is in line with the industry average of 6.93%.
| 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 73.39% of its industry peers.
BTE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 21.97%, BTE is doing good in the industry, outperforming 74.31% of the companies in the same industry.
BTE's Operating Margin has improved in the last couple of years.
BTE has a better Gross Margin (80.34%) than 94.04% of its industry peers.
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
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.
The number of shares outstanding for BTE has been increased compared to 5 years ago.
The debt/assets ratio for BTE has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.53, we must say that BTE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.53, BTE perfoms like the industry average, outperforming 44.50% of the companies in the same industry.
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's Debt to FCF ratio of 4.09 is amongst the best of the industry. BTE outperforms 82.57% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that BTE is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.52, BTE perfoms like the industry average, outperforming 49.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 0.53 |
ROIC/WACC0.77
WACC8.21%
2.3 Liquidity
A Current Ratio of 0.68 indicates that BTE may have some problems paying its short term obligations.
BTE has a Current ratio of 0.68. This is in the lower half of the industry: BTE underperforms 65.14% of its industry peers.
A Quick Ratio of 0.68 indicates that BTE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.68, BTE is in line with its industry, outperforming 52.29% of the companies in the same industry.
| 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.
The earnings per share for BTE have been decreasing by -32.67% on average. This is quite bad
The Revenue has decreased by -7.76% in the past year.
The Revenue has been growing by 17.51% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to decrease by -25.99% on average over the next years. This is quite bad
BTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.69% yearly.
EPS Next Y-10.61%
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
With a Price/Earnings ratio of 7.02, the valuation of BTE can be described as very cheap.
Based on the Price/Earnings ratio, BTE is valued cheaper than 85.78% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.30. BTE is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 21.31, BTE is valued on the expensive side.
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 22.73, BTE is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.02 | ||
| Fwd PE | 21.31 |
4.2 Price Multiples
BTE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTE is cheaper than 94.95% of the companies in the same industry.
BTE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BTE is cheaper than 95.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.88 | ||
| EV/EBITDA | 2.3 |
4.3 Compensation for Growth
BTE has a very decent profitability rating, which may justify a higher PE ratio.
BTE's earnings are expected to decrease with -25.99% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.74%, BTE has a reasonable but not impressive dividend return.
BTE's Dividend Yield is a higher than the industry average which is at 5.90.
Compared to an average S&P500 Dividend Yield of 2.38, BTE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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
BTE pays out 19.01% of its income as dividend. This is a sustainable payout ratio.
BTE's earnings and Dividend Rate are 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 (9/12/2025, 7:00:00 PM)
3.3
+0.02 (+0.61%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners32.77%
Inst Owner ChangeN/A
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap2.54B
Analysts71.43
Price Target4.08 (23.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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)-7.51%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-128.57%
EPS NY rev (1m)-3.14%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-20.9%
Revenue NY rev (1m)-4.41%
Revenue NY rev (3m)-4.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.02 | ||
| Fwd PE | 21.31 | ||
| P/S | 0.8 | ||
| P/FCF | 4.88 | ||
| P/OCF | 1.41 | ||
| P/B | 0.62 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 2.3 |
EPS(TTM)0.47
EY14.24%
EPS(NY)0.15
Fwd EY4.69%
FCF(TTM)0.68
FCFY20.5%
OCF(TTM)2.35
OCFY71.17%
SpS4.11
BVpS5.32
TBVpS5.32
PEG (NY)N/A
PEG (5Y)N/A
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
ROICexcg growth 3Y-2.67%
ROICexcg 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 | 0.53 |
F-Score7
WACC8.21%
ROIC/WACC0.77
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 Y-10.61%
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 Year83.55%
EBIT Next 3Y11.46%
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%