BAYTEX ENERGY CORP (BTE.CA) Fundamental Analysis & Valuation
TSX:BTE • CA07317Q1054
Current stock price
5.92 CAD
+0.06 (+1.02%)
Last:
This BTE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. BTE.CA Profitability Analysis
1.1 Basic Checks
- In the past year BTE was profitable.
- BTE had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- BTE has a Return On Assets of 2.82%. This is comparable to the rest of the industry: BTE outperforms 59.52% of its industry peers.
- BTE has a Return On Equity (5.12%) which is comparable to the rest of the industry.
- The Return On Invested Capital of BTE (6.37%) is better than 86.19% 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 6.65%.
- 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 Rank | Sector 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%
1.3 Margins
- BTE has a Profit Margin of 7.02%. This is in the better half of the industry: BTE outperforms 61.43% of its industry peers.
- BTE has a better Operating Margin (20.16%) than 77.62% of its industry peers.
- In the last couple of years the Operating Margin of BTE has declined.
- BTE has a better Gross Margin (79.89%) than 94.29% of its industry peers.
- BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. BTE.CA Health Analysis
2.1 Basic Checks
- BTE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- BTE has less shares outstanding than it did 1 year ago.
- BTE has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, BTE has an improved debt to assets ratio.
2.2 Solvency
- BTE has an Altman-Z score of 0.82. 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 of 0.82. This is comparable to the rest of the industry: BTE outperforms 55.71% of its industry peers.
- 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 82.86% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
- BTE has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.82 |
ROIC/WACC0.87
WACC7.3%
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.
- Looking at the Current ratio, with a value of 0.58, BTE is doing worse than 70.00% of the companies in the same industry.
- A Quick Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.58, BTE is in line with its industry, outperforming 50.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. BTE.CA Growth Analysis
3.1 Past
- The earnings per share for BTE have decreased strongly by -96.55% in the last year.
- Measured over the past years, BTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -54.08% on average per year.
- The Revenue has decreased by -8.19% in the past year.
- Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 12.78% on average per year.
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
- Based on estimates for the next years, BTE will show a very strong growth in Earnings Per Share. The EPS will grow by 95.31% on average per year.
- 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 Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
EPS Next 5Y95.31%
Revenue Next Year-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. BTE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 592.00, BTE can be considered very expensive at the moment.
- BTE's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 25.60, BTE is valued quite expensively.
- With a Price/Forward Earnings ratio of 86.84, BTE can be considered very expensive at the moment.
- BTE's Price/Forward Earnings ratio is in line with the industry average.
- BTE's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.84.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 592 | ||
| Fwd PE | 86.84 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaper than 95.24% of the companies in the same industry.
- 87.14% of the companies in the same industry are more expensive than BTE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.6 | ||
| EV/EBITDA | 3.36 |
4.3 Compensation for Growth
- BTE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of BTE may justify a higher PE ratio.
- BTE's earnings are expected to grow with 59.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)N/A
EPS Next 2Y240.81%
EPS Next 3Y59.53%
5. BTE.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.54%, BTE has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 4.54, BTE pays a bit more dividend than its industry peers.
- BTE's Dividend Yield is comparable with the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
5.2 History
- The dividend of BTE decreases each year by -46.71%.
- 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)-46.71%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
- BTE pays out 32.39% of its income as dividend. This is a sustainable payout ratio.
DP32.39%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
BTE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BTE (4/2/2026, 7:00:00 PM)
5.92
+0.06 (+1.02%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04 2026-03-04/amc
Earnings (Next)05-07 2026-05-07
Inst Owners35.83%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap4.45B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts70.67
Price Target5.24 (-11.49%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.54% |
Yearly Dividend0.09
Dividend Growth(5Y)-46.71%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-13 2026-03-13 (0.0225)
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)3.67%
PT rev (3m)4.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-80.94%
EPS NY rev (1m)-2.53%
EPS NY rev (3m)19.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-28.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 592 | ||
| Fwd PE | 86.84 | ||
| P/S | 1.46 | ||
| P/FCF | 10.6 | ||
| P/OCF | 2.58 | ||
| P/B | 1.06 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | 3.36 |
EPS(TTM)0.01
EY0.17%
EPS(NY)0.07
Fwd EY1.15%
FCF(TTM)0.56
FCFY9.43%
OCF(TTM)2.3
OCFY38.81%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)1.02
PEG (5Y)N/A
Graham Number1.12
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 0.82 |
F-Score6
WACC7.3%
ROIC/WACC0.87
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 Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
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-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A
EBIT growth 1Y-16.6%
EBIT growth 3Y-38.08%
EBIT growth 5YN/A
EBIT Next Year27.12%
EBIT Next 3Y11.54%
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 5 / 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 592 and the Price/Book (PB) ratio is 1.06.
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%.