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

TSX:BTE • CA07317Q1054

Current stock price

6.26 CAD
-0.03 (-0.48%)
Last:

This BTE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. BTE.CA Profitability Analysis

1.1 Basic Checks

  • BTE had positive earnings in the past year.
  • 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.
  • Each year in the past 5 years BTE had a positive operating cash flow.
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 2025 0 1B -1B -2B

1.2 Ratios

  • BTE has a Return On Assets (2.82%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 5.12%, BTE perfoms like the industry average, outperforming 59.61% of the companies in the same industry.
  • BTE's Return On Invested Capital of 6.37% is amongst the best of the industry. BTE outperforms 86.21% 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 6.97%.
  • The last Return On Invested Capital (6.37%) for BTE is above the 3 year average (5.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROIC 6.37%
ROA(3y)-6.04%
ROA(5y)6.4%
ROE(3y)-8.57%
ROE(5y)15.1%
ROIC(3y)5.23%
ROIC(5y)7.67%
BTE.CA Yearly ROA, ROE, ROICBTE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

1.3 Margins

  • The Profit Margin of BTE (7.02%) is better than 60.10% of its industry peers.
  • The Operating Margin of BTE (20.16%) is better than 75.86% of its industry peers.
  • In the last couple of years the Operating Margin of BTE has declined.
  • BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 93.60% 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-28.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.83%
GM growth 5Y5.52%
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 2025 0 100 -100 -200 -300

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. BTE.CA Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BTE is destroying value.
  • Compared to 1 year ago, BTE has less shares outstanding
  • BTE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BTE has an improved debt to assets ratio.
BTE.CA Yearly Shares OutstandingBTE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B

2.2 Solvency

  • BTE has an Altman-Z score of 0.84. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of BTE (0.84) 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's Debt to FCF ratio of 4.80 is amongst the best of the industry. BTE outperforms 83.25% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.48, BTE perfoms like the industry average, outperforming 53.69% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.84
ROIC/WACC0.86
WACC7.41%
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 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • BTE has a Current 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 worse Current ratio (0.58) than 69.46% 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 comparable to the rest of the 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 2025 200M 400M 600M 800M 1B

More info and screens

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

5

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 -96.55%.
  • The earnings per share for BTE have been decreasing by -54.08% on average. This is quite bad
  • Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -8.19% in the last year.
  • The Revenue has been growing by 12.78% on average over the past years. This is quite good.
EPS 1Y (TTM)-96.55%
EPS 3Y-81.3%
EPS 5Y-54.08%
EPS Q2Q%-540%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y-13.97%
Revenue growth 5Y12.78%
Sales Q2Q%-25.29%

3.2 Future

  • BTE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 95.31% yearly.
  • Based on estimates for the next years, BTE will show a quite strong growth in Revenue. The Revenue will grow by 9.09% on average per year.
EPS Next Y203%
EPS Next 2Y146.17%
EPS Next 3Y59.27%
EPS Next 5Y95.31%
Revenue Next Year-51.46%
Revenue Next 2Y-27.62%
Revenue Next 3Y9.09%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

More info and screens

Find the best growth stocksShow best growing peers

4

4. BTE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 626.00, which means the current valuation is very expensive for BTE.
  • Compared to the rest of the industry, the Price/Earnings ratio of BTE is on the same level as its industry peers.
  • BTE's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.42.
  • The Price/Forward Earnings ratio is 206.60, which means the current valuation is very expensive for BTE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE is on the same level as its industry peers.
  • BTE is valuated expensively when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 626
Fwd PE 206.6
BTE.CA Price Earnings VS Forward Price EarningsBTE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 200 400 600

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 95.57% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 86.21% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.9
EV/EBITDA 3.43
BTE.CA Per share dataBTE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • BTE has a very decent profitability rating, which may justify a higher PE ratio.
  • BTE's earnings are expected to grow with 59.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.08
PEG (5Y)N/A
EPS Next 2Y146.17%
EPS Next 3Y59.27%

More info and screens

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 1.43%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.03, BTE pays a bit more dividend than its industry peers.
  • BTE's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.43%

5.2 History

  • The dividend of BTE decreases each year by -46.71%.
  • BTE has paid a dividend for at least 10 years, which is a reliable track record.
  • BTE has decreased its dividend in the last 3 years.
Dividend Growth(5Y)-46.71%
Div Incr Years0
Div Non Decr Years2
BTE.CA Yearly Dividends per shareBTE.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 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 2Y146.17%
EPS Next 3Y59.27%
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 2025 0 1B -1B -2B
BTE.CA Dividend Payout.BTE.CA Dividend Payout, showing the Payout Ratio.BTE.CA Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

BTE.CA Fundamentals: All Metrics, Ratios and Statistics

BAYTEX ENERGY CORP

TSX:BTE (4/24/2026, 7:00:00 PM)

6.26

-0.03 (-0.48%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners36.88%
Inst Owner ChangeN/A
Ins Owners0.65%
Ins Owner ChangeN/A
Market Cap4.57B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts69.33
Price Target5.68 (-9.27%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.43%
Yearly Dividend0.09
Dividend Growth(5Y)-46.71%
DP32.39%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-13
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)12.38%
PT rev (3m)13.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-55.56%
EPS NY rev (3m)-56.68%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)19.65%
Revenue NY rev (3m)-14.05%
Valuation
Industry RankSector Rank
PE 626
Fwd PE 206.6
P/S 1.5
P/FCF 10.9
P/OCF 2.65
P/B 1.09
P/tB 1.09
EV/EBITDA 3.43
EPS(TTM)0.01
EY0.16%
EPS(NY)0.03
Fwd EY0.48%
FCF(TTM)0.57
FCFY9.18%
OCF(TTM)2.36
OCFY37.77%
SpS4.18
BVpS5.74
TBVpS5.74
PEG (NY)3.08
PEG (5Y)N/A
Graham Number1.13598 (-81.85%)
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROCE 8.85%
ROIC 6.37%
ROICexc 6.38%
ROICexgc 6.38%
OM 20.16%
PM (TTM) 7.02%
GM 79.89%
FCFM 13.73%
ROA(3y)-6.04%
ROA(5y)6.4%
ROE(3y)-8.57%
ROE(5y)15.1%
ROIC(3y)5.23%
ROIC(5y)7.67%
ROICexc(3y)6.08%
ROICexc(5y)8.18%
ROICexgc(3y)6.08%
ROICexgc(5y)8.18%
ROCE(3y)7.26%
ROCE(5y)10.65%
ROICexgc growth 3Y-17.88%
ROICexgc growth 5YN/A
ROICexc growth 3Y-17.88%
ROICexc growth 5YN/A
OM growth 3Y-28.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.83%
GM growth 5Y5.52%
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 0.84
F-Score6
WACC7.41%
ROIC/WACC0.86
Cap/Depr(3y)97.9%
Cap/Depr(5y)90.19%
Cap/Sales(3y)68.06%
Cap/Sales(5y)49.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-96.55%
EPS 3Y-81.3%
EPS 5Y-54.08%
EPS Q2Q%-540%
EPS Next Y203%
EPS Next 2Y146.17%
EPS Next 3Y59.27%
EPS Next 5Y95.31%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y-13.97%
Revenue growth 5Y12.78%
Sales Q2Q%-25.29%
Revenue Next Year-51.46%
Revenue Next 2Y-27.62%
Revenue Next 3Y9.09%
Revenue Next 5YN/A
EBIT growth 1Y-16.6%
EBIT growth 3Y-38.08%
EBIT growth 5YN/A
EBIT Next Year36.71%
EBIT Next 3Y10.48%
EBIT Next 5Y28.93%
FCF growth 1Y-27.09%
FCF growth 3Y-27.66%
FCF growth 5Y28.35%
OCF growth 1Y-9.75%
OCF growth 3Y8.21%
OCF growth 5Y33.3%

BAYTEX ENERGY CORP / BTE.CA Fundamental Analysis 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 4 / 10 to BAYTEX ENERGY CORP (BTE.CA). This can be considered as Fairly Valued.


What is the profitability of BTE stock?

BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 6 / 10.


What are the PE and PB ratios of BAYTEX ENERGY CORP (BTE.CA) stock?

The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 626 and the Price/Book (PB) ratio is 1.09.


Is the dividend of BAYTEX ENERGY CORP sustainable?

The dividend rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10 and the dividend payout ratio is 32.39%.