BAYTEX ENERGY CORP (BTE)

CA07317Q1054 - Common Stock

3.23  +0.04 (+1.25%)

Premarket: 3.3 +0.07 (+2.17%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to BTE. BTE was compared to 215 industry peers in the Oil, Gas & Consumable Fuels industry. BTE has a medium profitability rating, but doesn't score so well on its financial health evaluation. BTE is not valued too expensively and it also shows a decent growth rate.



5

1. Profitability

1.1 Basic Checks

In the past year BTE was profitable.
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.
BTE had a positive operating cash flow in 4 of the past 5 years.

1.2 Ratios

BTE's Return On Assets of 8.33% is in line compared to the rest of the industry. BTE outperforms 56.54% of its industry peers.
Looking at the Return On Equity, with a value of 15.75%, BTE is in line with its industry, outperforming 50.00% of the companies in the same industry.
BTE's Return On Invested Capital of 6.06% is on the low side compared to the rest of the industry. BTE is outperformed by 67.29% of its industry peers.
Industry RankSector Rank
ROA 8.33%
ROE 15.75%
ROIC 6.06%
ROA(3y)-7.14%
ROA(5y)-5.35%
ROE(3y)-106.87%
ROE(5y)-66.34%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With a decent Profit Margin value of 31.01%, BTE is doing good in the industry, outperforming 69.63% of the companies in the same industry.
In the last couple of years the Profit Margin of BTE has grown nicely.
With a Operating Margin value of 26.17%, BTE perfoms like the industry average, outperforming 48.60% of the companies in the same industry.
In the last couple of years the Operating Margin of BTE has grown nicely.
BTE has a better Gross Margin (78.77%) than 86.45% of its industry peers.
BTE's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 26.17%
PM (TTM) 31.01%
GM 78.77%
OM growth 3Y57.2%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5Y29.34%
GM growth 3Y3.77%
GM growth 5Y3.59%

1

2. Health

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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.

2.2 Solvency

BTE has an Altman-Z score of 0.55. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.55, BTE is not doing good in the industry: 65.89% of the companies in the same industry are doing better.
The Debt to FCF ratio of BTE is 13.38, which is on the high side as it means it would take BTE, 13.38 years of fcf income to pay off all of its debts.
BTE has a worse Debt to FCF ratio (13.38) than 64.02% of its industry peers.
BTE has a Debt/Equity ratio of 0.56. This is a neutral value indicating BTE is somewhat dependend on debt financing.
BTE has a Debt to Equity ratio (0.56) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 13.38
Altman-Z 0.55
ROIC/WACC0.82
WACC7.36%

2.3 Liquidity

BTE has a Current Ratio of 0.77. 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 Current ratio of 0.77. This is in the lower half of the industry: BTE underperforms 74.30% of its industry peers.
BTE has a Quick Ratio of 0.77. 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 Quick ratio, with a value of 0.77, BTE is doing worse than 65.42% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.77
Quick Ratio 0.77

4

3. Growth

3.1 Past

The earnings per share for BTE have decreased strongly by -33.69% in the last year.
BTE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 32.83% yearly.
BTE shows a small growth in Revenue. In the last year, the Revenue has grown by 6.76%.
BTE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 22.08% yearly.
EPS 1Y (TTM)-33.69%
EPS 3YN/A
EPS 5Y32.83%
EPS growth Q2Q-68.09%
Revenue 1Y (TTM)6.76%
Revenue growth 3Y16.12%
Revenue growth 5Y22.08%
Revenue growth Q2Q63.34%

3.2 Future

The Earnings Per Share is expected to decrease by -2.65% on average over the next years.
BTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.71% yearly.
EPS Next Y-50.49%
EPS Next 2Y-21.54%
EPS Next 3Y-16.8%
EPS Next 5Y-2.65%
Revenue Next Year30.32%
Revenue Next 2Y27.23%
Revenue Next 3Y10.48%
Revenue Next 5Y4.71%

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 decreasing.
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.

6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 3.55, the valuation of BTE can be described as very cheap.
90.65% of the companies in the same industry are more expensive than BTE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.86. BTE is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 4.66, which indicates a rather cheap valuation of BTE.
92.99% of the companies in the same industry are more expensive than BTE, based on the Price/Forward Earnings ratio.
BTE is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.87, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 3.55
Fwd PE 4.66

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTE indicates a somewhat cheap valuation: BTE is cheaper than 66.82% of the companies listed in the same industry.
BTE's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 18.62
EV/EBITDA 4.38

4.3 Compensation for Growth

A cheap valuation may be justified as BTE's earnings are expected to decrease with -16.80% in the coming years.
PEG (NY)N/A
PEG (5Y)0.11
EPS Next 2Y-21.54%
EPS Next 3Y-16.8%

3

5. Dividend

5.1 Amount

BTE has a Yearly Dividend Yield of 2.05%.
Compared to an average industry Dividend Yield of 6.28, BTE has a dividend in line with its industry peers.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.44.
Industry RankSector Rank
Dividend Yield 2.05%

5.2 History

BTE has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y-21.54%
EPS Next 3Y-16.8%

BAYTEX ENERGY CORP

NYSE:BTE (3/1/2024, 7:05:21 PM)

Premarket: 3.3 +0.07 (+2.17%)

3.23

+0.04 (+1.25%)

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 Cap2.73B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 2.05%
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)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
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)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
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 RankSector Rank
PE 3.55
Fwd PE 4.66
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)0.11
Profitability
Industry RankSector Rank
ROA 8.33%
ROE 15.75%
ROCE
ROIC
ROICexc
ROICexgc
OM 26.17%
PM (TTM) 31.01%
GM 78.77%
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 Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.77
Quick Ratio 0.77
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)
Growth
EPS 1Y (TTM)-33.69%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-50.49%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.76%
Revenue growth 3Y16.12%
Revenue growth 5Y
Revenue growth 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