BAYTEX ENERGY CORP (BTE)
CA07317Q1054 - Common Stock
Overall BTE gets a fundamental rating of 3 out of 10. We evaluated BTE against 210 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of BTE while its profitability can be described as average. BTE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BTE has reported negative net income.
BTE had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: BTE reported negative net income in multiple years.
Each year in the past 5 years BTE had a positive operating cash flow.
1.2 Ratios
BTE's Return On Assets of -3.87% is on the low side compared to the rest of the industry. BTE is outperformed by 84.29% of its industry peers.
With a Return On Equity value of -7.66%, BTE is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
BTE has a Return On Invested Capital (7.77%) which is in line with its industry peers.
BTE had an Average Return On Invested Capital over the past 3 years of 10.73%. This is significantly below the industry average of 30.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.87% | ||
| ROE | -7.66% | ||
| ROIC | 7.77% |
ROA(3y)15.67%
ROA(5y)-4.95%
ROE(3y)31.7%
ROE(5y)-65.43%
ROIC(3y)10.74%
ROIC(5y)N/A
1.3 Margins
BTE's Operating Margin of 22.78% is in line compared to the rest of the industry. BTE outperforms 50.48% of its industry peers.
BTE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 79.12%, BTE belongs to the top of the industry, outperforming 88.10% of the companies in the same industry.
BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.78% | ||
| PM (TTM) | N/A | ||
| GM | 79.12% |
OM growth 3YN/A
OM growth 5Y56.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.09%
GM growth 5Y1.85%
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.
BTE has more shares outstanding than it did 1 year ago.
The number of shares outstanding for BTE has been increased compared to 5 years ago.
BTE has a worse debt/assets ratio than last year.
2.2 Solvency
BTE has an Altman-Z score of 0.64. 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 0.64. This is in the lower half of the industry: BTE underperforms 66.67% of its industry peers.
The Debt to FCF ratio of BTE is 11.07, which is on the high side as it means it would take BTE, 11.07 years of fcf income to pay off all of its debts.
BTE has a Debt to FCF ratio (11.07) which is in line with its industry peers.
BTE has a Debt/Equity ratio of 0.63. This is a neutral value indicating BTE is somewhat dependend on debt financing.
The Debt to Equity ratio of BTE (0.63) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 11.07 | ||
| Altman-Z | 0.64 |
ROIC/WACC1
WACC7.76%
2.3 Liquidity
BTE has a Current Ratio of 0.67. 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's Current ratio of 0.67 is on the low side compared to the rest of the industry. BTE is outperformed by 78.57% of its industry peers.
BTE has a Quick Ratio of 0.67. 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 of 0.67. This is in the lower half of the industry: BTE underperforms 72.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 |
3. Growth
3.1 Past
The earnings per share for BTE have decreased strongly by -131.77% in the last year.
The Revenue has grown by 16.63% in the past year. This is quite good.
Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 19.46% on average per year.
EPS 1Y (TTM)-131.77%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-65.44%
Revenue 1Y (TTM)16.63%
Revenue growth 3Y49.51%
Revenue growth 5Y19.46%
Sales Q2Q%91.21%
3.2 Future
BTE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 56.86% yearly.
The Revenue is expected to grow by 1.22% on average over the next years.
EPS Next Y358.11%
EPS Next 2Y137.4%
EPS Next 3Y-0.33%
EPS Next 5Y56.86%
Revenue Next Year23.27%
Revenue Next 2Y13.46%
Revenue Next 3Y0.11%
Revenue Next 5Y1.22%
3.3 Evolution
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
BTE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 8.71, the valuation of BTE can be described as very reasonable.
63.33% of the companies in the same industry are more expensive than BTE, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of BTE to the average of the S&P500 Index (20.59), we can say BTE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.71 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaply inside the industry as 85.24% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as BTE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.22 | ||
| EV/EBITDA | 3.42 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y137.4%
EPS Next 3Y-0.33%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 1.82%. Purely for dividend investing, there may be better candidates out there.
BTE's Dividend Yield is comparable with the industry average which is at 5.93.
BTE's Dividend Yield is slightly below the S&P500 average, which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
The dividend of BTE decreases each year by -50.19%.
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)-50.19%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
BTE has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-18.74%
EPS Next 2Y137.4%
EPS Next 3Y-0.33%
BAYTEX ENERGY CORP
NYSE:BTE (7/26/2024, 7:20:18 PM)
After market: 3.45 +0.02 (+0.58%)3.43
-0.24 (-6.54%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.77B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 8.71 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.87% | ||
| ROE | -7.66% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 22.78% | ||
| PM (TTM) | N/A | ||
| GM | 79.12% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.67 | ||
| Quick Ratio | 0.67 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-131.77%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y358.11%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)16.63%
Revenue growth 3Y49.51%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y