BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
Taking everything into account, BTE scores 5 out of 10 in our fundamental rating. BTE was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. BTE has an average financial health and profitability rating. BTE has a decent growth rate and is not valued too expensively.
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.
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 Return On Assets of 4.09%. This is in the better half of the industry: BTE outperforms 75.71% of its industry peers.
BTE's Return On Equity of 7.62% is fine compared to the rest of the industry. BTE outperforms 60.48% of its industry peers.
BTE has a better Return On Invested Capital (7.36%) than 77.14% of its industry peers.
BTE had an Average Return On Invested Capital over the past 3 years of 8.42%. This is in line with the industry average of 7.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 7.62% | ||
| ROIC | 7.36% |
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
The Profit Margin of BTE (9.57%) is better than 61.90% of its industry peers.
BTE's Profit Margin has declined in the last couple of years.
BTE has a Operating Margin of 24.87%. This is in the better half of the industry: BTE outperforms 74.76% of its industry peers.
In the last couple of years the Operating Margin of BTE has grown nicely.
Looking at the Gross Margin, with a value of 81.22%, BTE belongs to the top of the industry, outperforming 94.76% of the companies in the same industry.
In the last couple of years the Gross Margin of BTE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.87% | ||
| PM (TTM) | 9.57% | ||
| GM | 81.22% |
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%
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.
Compared to 1 year ago, BTE has less shares outstanding
BTE has more shares outstanding than it did 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 0.50, we must say that BTE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BTE (0.50) is comparable to the rest of the industry.
The Debt to FCF ratio of BTE is 3.21, which is a good value as it means it would take BTE, 3.21 years of fcf income to pay off all of its debts.
BTE has a better Debt to FCF ratio (3.21) than 81.90% 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 | 3.21 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.88
WACC8.41%
2.3 Liquidity
A Current Ratio of 0.63 indicates that BTE may have some problems paying its short term obligations.
BTE has a worse Current ratio (0.63) than 71.43% of its industry peers.
A Quick Ratio of 0.63 indicates that BTE may have some problems paying its short term obligations.
BTE's Quick ratio of 0.63 is in line compared to the rest of the industry. BTE outperforms 40.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 253.85% over the past year.
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 quite strong growth in Revenue. The Revenue has grown by 10.55% in the last year.
The Revenue has been growing by 17.51% on average over the past years. This is quite good.
EPS 1Y (TTM)253.85%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%550%
Revenue 1Y (TTM)10.55%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%1.52%
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 -32.26% on average per year.
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-7.71%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
EPS Next 5YN/A
Revenue Next Year10.28%
Revenue Next 2Y-1.32%
Revenue Next 3Y-0.46%
Revenue Next 5Y1.69%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
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
Based on the Price/Earnings ratio of 7.10, the valuation of BTE can be described as very cheap.
Based on the Price/Earnings ratio, BTE is valued cheaper than 86.19% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.05, BTE is valued rather cheaply.
With a Price/Forward Earnings ratio of 562.38, BTE can be considered very expensive at the moment.
BTE's Price/Forward Earnings is on the same level as the industry average.
BTE is valuated expensively when we compare the Price/Forward Earnings ratio to 37.67, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.1 | ||
| Fwd PE | 562.38 |
4.2 Price Multiples
BTE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTE is cheaper than 95.71% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BTE is valued cheaper than 97.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.19 | ||
| EV/EBITDA | 1.99 |
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 -32.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 3.17%.
Compared to an average industry Dividend Yield of 6.32, BTE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, BTE pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
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 22.10% 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.
DP22.1%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
TSX:BTE (7/25/2025, 7:00:00 PM)
2.84
-0.05 (-1.73%)
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 Cap2.18B
Analysts71.43
Price Target4.05 (42.61%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.17% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP22.1%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-86.86%
Min EPS beat(2)-151.21%
Max EPS beat(2)-22.51%
EPS beat(4)0
Avg EPS beat(4)-55.34%
Min EPS beat(4)-151.21%
Max EPS beat(4)-19.55%
EPS beat(8)1
Avg EPS beat(8)-92.41%
EPS beat(12)4
Avg EPS beat(12)-20.72%
EPS beat(16)5
Avg EPS beat(16)14.79%
Revenue beat(2)1
Avg Revenue beat(2)3.16%
Min Revenue beat(2)-0.39%
Max Revenue beat(2)6.7%
Revenue beat(4)2
Avg Revenue beat(4)3.65%
Min Revenue beat(4)-0.39%
Max Revenue beat(4)8.33%
Revenue beat(8)5
Avg Revenue beat(8)1.06%
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)-18.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-76.92%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-17.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.1 | ||
| Fwd PE | 562.38 | ||
| P/S | 0.65 | ||
| P/FCF | 3.19 | ||
| P/OCF | 1.12 | ||
| P/B | 0.52 | ||
| P/tB | 0.52 | ||
| EV/EBITDA | 1.99 |
EPS(TTM)0.4
EY14.08%
EPS(NY)0.01
Fwd EY0.18%
FCF(TTM)0.89
FCFY31.38%
OCF(TTM)2.55
OCFY89.63%
SpS4.35
BVpS5.47
TBVpS5.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 7.62% | ||
| ROCE | 11.62% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.37% | ||
| ROICexgc | 7.37% | ||
| OM | 24.87% | ||
| PM (TTM) | 9.57% | ||
| GM | 81.22% | ||
| FCFM | 20.47% |
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-Score8
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 3.21 | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 93.35% | ||
| Cap/Sales | 38% | ||
| Interest Coverage | 3.81 | ||
| Cash Conversion | 89.16% | ||
| Profit Quality | 213.81% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.5 |
F-Score8
WACC8.41%
ROIC/WACC0.88
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)253.85%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%550%
EPS Next Y-7.71%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
EPS Next 5YN/A
Revenue 1Y (TTM)10.55%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%1.52%
Revenue Next Year10.28%
Revenue Next 2Y-1.32%
Revenue Next 3Y-0.46%
Revenue Next 5Y1.69%
EBIT growth 1Y20.69%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year83.55%
EBIT Next 3Y11.46%
EBIT Next 5Y10.2%
FCF growth 1Y23.48%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y68.77%
OCF growth 3Y38.88%
OCF growth 5Y17.98%