BAYTEX ENERGY CORP (BTE) Fundamental Analysis & Valuation

NYSE:BTE • CA07317Q1054

Current stock price

4.98 USD
-0.08 (-1.58%)
At close:
4.98 USD
0 (0%)
After Hours:

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

5

1. BTE Profitability Analysis

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.
BTE Yearly Net Income VS EBIT VS OCF VS FCFBTE 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 of 2.82%. This is comparable to the rest of the industry: BTE outperforms 47.37% of its industry peers.
  • BTE has a Return On Equity (5.12%) which is comparable to the rest of the industry.
  • BTE's Return On Invested Capital of 6.99% is fine compared to the rest of the industry. BTE outperforms 65.07% of its industry peers.
  • BTE had an Average Return On Invested Capital over the past 3 years of 5.74%. This is significantly below the industry average of 22.50%.
  • The 3 year average ROIC (5.74%) for BTE is below the current ROIC(6.99%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROIC 6.99%
ROA(3y)-6.04%
ROA(5y)6.4%
ROE(3y)-8.57%
ROE(5y)15.1%
ROIC(3y)5.74%
ROIC(5y)8.41%
BTE Yearly ROA, ROE, ROICBTE 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 comparable to the rest of the industry.
  • BTE has a Operating Margin (20.16%) which is in line with its industry peers.
  • In the last couple of years the Operating Margin of BTE has declined.
  • BTE has a Gross Margin of 79.89%. This is amongst the best in the industry. BTE outperforms 89.00% 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 Yearly Profit, Operating, Gross MarginsBTE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. BTE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BTE is destroying value.
  • The number of shares outstanding for BTE has been reduced compared to 1 year ago.
  • BTE has more shares outstanding than it did 5 years ago.
  • BTE has a better debt/assets ratio than last year.
BTE Yearly Shares OutstandingBTE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
BTE Yearly Total Debt VS Total AssetsBTE 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

  • Based on the Altman-Z score of 0.92, we must say that BTE is in the distress zone and has some risk of bankruptcy.
  • BTE has a Altman-Z score of 0.92. This is in the lower half of the industry: BTE underperforms 60.77% 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.
  • Looking at the Debt to FCF ratio, with a value of 4.80, BTE is in the better half of the industry, outperforming 70.81% of the companies in the same industry.
  • BTE has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • BTE has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: BTE outperforms 51.20% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.92
ROIC/WACC0.93
WACC7.54%
BTE Yearly LT Debt VS Equity VS FCFBTE 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

  • A Current Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.58, BTE is not doing good in the industry: 83.25% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
  • BTE's Quick ratio of 0.58 is on the low side compared to the rest of the industry. BTE is outperformed by 74.16% of its industry peers.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.58
BTE Yearly Current Assets VS Current LiabilitesBTE 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

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

5

3. BTE 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
  • BTE shows a decrease in Revenue. In the last year, the revenue decreased by -8.19%.
  • 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

  • The Earnings Per Share is expected to grow by 95.31% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 9.09% on average over the next years. This is quite good.
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

  • 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.
  • 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.
BTE Yearly Revenue VS EstimatesBTE 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 Yearly EPS VS EstimatesBTE 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

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3

4. BTE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 498.00 indicates a quite expensive valuation of BTE.
  • BTE's Price/Earnings ratio is a bit more expensive when compared to the industry. BTE is more expensive than 70.33% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.64. BTE is valued rather expensively when compared to this.
  • BTE is valuated quite expensively with a Price/Forward Earnings ratio of 224.64.
  • Based on the Price/Forward Earnings ratio, BTE is valued a bit more expensive than the industry average as 64.59% of the companies are valued more cheaply.
  • BTE is valuated expensively when we compare the Price/Forward Earnings ratio to 21.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 498
Fwd PE 224.64
BTE Price Earnings VS Forward Price EarningsBTE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300 400

4.2 Price Multiples

  • 94.26% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
  • 80.38% of the companies in the same industry are more expensive than BTE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.85
EV/EBITDA 3.68
BTE Per share dataBTE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BTE does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as BTE's earnings are expected to grow with 59.27% in the coming years.
PEG (NY)2.45
PEG (5Y)N/A
EPS Next 2Y146.17%
EPS Next 3Y59.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. BTE 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.
  • BTE's Dividend Yield is comparable with the industry average which is at 3.20.
  • BTE's Dividend Yield is slightly below the S&P500 average, which is at 1.82.
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.
  • The dividend of BTE decreased in the last 3 years.
Dividend Growth(5Y)-46.71%
Div Incr Years0
Div Non Decr Years2
BTE Yearly Dividends per shareBTE Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.02 0.04 0.06

5.3 Sustainability

  • BTE pays out 32.39% of its income as dividend. This is a sustainable payout ratio.
DP32.39%
EPS Next 2Y146.17%
EPS Next 3Y59.27%
BTE Yearly Income VS Free CF VS DividendBTE 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 Dividend Payout.BTE Dividend Payout, showing the Payout Ratio.BTE Dividend Payout.PayoutRetained Earnings

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BTE Fundamentals: All Metrics, Ratios and Statistics

BAYTEX ENERGY CORP

NYSE:BTE (5/1/2026, 10:19:48 PM)

After market: 4.98 0 (0%)

4.98

-0.08 (-1.58%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength86.61
Industry Growth44.78
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners36.88%
Inst Owner Change55%
Ins Owners0.65%
Ins Owner ChangeN/A
Market Cap3.64B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts69.33
Price Target4.13 (-17.07%)
Short Float %3.05%
Short Ratio0.87
Dividend
Industry RankSector Rank
Dividend Yield 1.43%
Yearly Dividend0.07
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)7
Avg Revenue beat(12)0.64%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)11.95%
PT rev (3m)14.13%
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 498
Fwd PE 224.64
P/S 1.63
P/FCF 11.85
P/OCF 2.88
P/B 1.19
P/tB 1.19
EV/EBITDA 3.68
EPS(TTM)0.01
EY0.2%
EPS(NY)0.02
Fwd EY0.45%
FCF(TTM)0.42
FCFY8.44%
OCF(TTM)1.73
OCFY34.73%
SpS3.06
BVpS4.2
TBVpS4.2
PEG (NY)2.45
PEG (5Y)N/A
Graham Number0.97168 (-80.49%)
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROCE 8.85%
ROIC 6.99%
ROICexc 7.01%
ROICexgc 7.01%
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)5.74%
ROIC(5y)8.41%
ROICexc(3y)6.67%
ROICexc(5y)8.98%
ROICexgc(3y)6.67%
ROICexgc(5y)8.98%
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 0.92
F-Score6
WACC7.54%
ROIC/WACC0.93
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 Fundamental Analysis FAQ

What is the fundamental rating for BTE stock?

ChartMill assigns a fundamental rating of 4 / 10 to BTE.


What is the valuation status of BAYTEX ENERGY CORP (BTE) stock?

ChartMill assigns a valuation rating of 3 / 10 to BAYTEX ENERGY CORP (BTE). This can be considered as Overvalued.


What is the profitability of BTE stock?

BAYTEX ENERGY CORP (BTE) has a profitability rating of 5 / 10.


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

The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE) is 498 and the Price/Book (PB) ratio is 1.19.


Is the dividend of BAYTEX ENERGY CORP sustainable?

The dividend rating of BAYTEX ENERGY CORP (BTE) is 3 / 10 and the dividend payout ratio is 32.39%.