BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
We assign a fundamental rating of 5 out of 10 to BTE. BTE was compared to 208 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.
In multiple years BTE reported negative net income over the last 5 years.
BTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BTE has a better Return On Assets (4.87%) than 76.92% of its industry peers.
BTE's Return On Equity of 9.01% is fine compared to the rest of the industry. BTE outperforms 62.02% 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 78.37% of the companies in the same industry.
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 7.11%.
| 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
Looking at the Profit Margin, with a value of 11.64%, BTE is in the better half of the industry, outperforming 72.12% of the companies in the same industry.
BTE's Profit Margin has declined in the last couple of years.
The Operating Margin of BTE (21.97%) is better than 74.04% of its industry peers.
BTE's Operating Margin has improved in the last couple of years.
BTE has a Gross Margin of 80.34%. This is amongst the best in the industry. BTE outperforms 93.75% of its industry peers.
In the last couple of years the Gross Margin of BTE has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTE is creating some value.
The number of shares outstanding for BTE has been reduced compared to 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 0.45. 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 (0.45) which is in line with its industry peers.
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 has a Debt to FCF ratio of 4.09. This is amongst the best in the industry. BTE outperforms 80.29% 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.
With a Debt to Equity ratio value of 0.52, BTE perfoms like the industry average, outperforming 48.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 0.45 |
ROIC/WACC0.78
WACC8.11%
2.3 Liquidity
BTE has a Current Ratio of 0.68. This is a bad value and indicates that BTE is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.68, BTE is doing worse than 61.54% of the companies in the same industry.
BTE has a Quick Ratio of 0.68. 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 (0.68) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 195.92% over the past year.
BTE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -32.67% yearly.
Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -7.76% in the last year.
BTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.51% yearly.
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
BTE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -32.26% yearly.
Based on estimates for the next years, BTE will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
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 2Y3.49%
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
A Price/Earnings ratio of 5.81 indicates a rather cheap valuation of BTE.
Based on the Price/Earnings ratio, BTE is valued cheaply inside the industry as 89.42% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.86, BTE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 540.59, the valuation of BTE can be described as expensive.
BTE's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.94, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.81 | ||
| Fwd PE | 540.59 |
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 95.67% of the companies listed in the same industry.
BTE's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BTE is cheaper than 98.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.04 | ||
| EV/EBITDA | 2.08 |
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
With a Yearly Dividend Yield of 3.23%, BTE has a reasonable but not impressive dividend return.
BTE's Dividend Yield is a higher than the industry average which is at 6.34.
BTE's Dividend Yield is a higher than the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
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.
BTE has decreased its dividend recently.
Dividend Growth(5Y)-45.77%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
19.01% of the earnings are spent on dividend by BTE. This is a low number and 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.
DP19.01%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
TSX:BTE (8/20/2025, 7:00:00 PM)
2.73
0 (0%)
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 Cap2.10B
Analysts72.86
Price Target4.08 (49.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.23% |
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)0.63%
PT rev (3m)-8.57%
EPS NQ rev (1m)-200%
EPS NQ rev (3m)-128.57%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-7.54%
Revenue NQ rev (3m)-20.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.81 | ||
| Fwd PE | 540.59 | ||
| P/S | 0.66 | ||
| P/FCF | 4.04 | ||
| P/OCF | 1.16 | ||
| P/B | 0.51 | ||
| P/tB | 0.51 | ||
| EV/EBITDA | 2.08 |
EPS(TTM)0.47
EY17.22%
EPS(NY)0.01
Fwd EY0.18%
FCF(TTM)0.68
FCFY24.77%
OCF(TTM)2.35
OCFY86.03%
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 | 0.45 |
F-Score7
WACC8.11%
ROIC/WACC0.78
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-7.71%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.76%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-21.76%
Revenue Next Year10.28%
Revenue Next 2Y3.49%
Revenue Next 3Y-0.46%
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%