BAYTEX ENERGY CORP (BTE) Fundamental Analysis & Valuation

NYSE:BTE • CA07317Q1054

3.86 USD
0 (0%)
At close: Mar 3, 2026
3.96 USD
+0.1 (+2.59%)
After Hours: 3/3/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

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

Fundamental Rating

4

BTE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. BTE Profitability Analysis

1.1 Basic Checks

  • BTE had positive earnings in the past year.
  • 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.
  • In the past 5 years BTE always reported a positive cash flow from operatings.
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 0 1B -1B -2B

1.2 Ratios

  • BTE has a Return On Assets (2.82%) which is comparable to the rest of the industry.
  • BTE's Return On Equity of 5.12% is in line compared to the rest of the industry. BTE outperforms 43.00% of its industry peers.
  • BTE has a Return On Invested Capital (5.61%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BTE is significantly below the industry average of 22.19%.
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROIC 5.61%
ROA(3y)5.56%
ROA(5y)-4.3%
ROE(3y)9.27%
ROE(5y)-64.21%
ROIC(3y)8.42%
ROIC(5y)N/A
BTE Yearly ROA, ROE, ROICBTE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

  • BTE has a Profit Margin (7.02%) which is comparable to the rest of the industry.
  • BTE's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 20.16%, BTE perfoms like the industry average, outperforming 57.97% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BTE has grown nicely.
  • BTE has a Gross Margin of 79.89%. This is amongst the best in the industry. BTE outperforms 90.34% of its industry peers.
  • In the last couple of years the Gross Margin of BTE has grown nicely.
Industry RankSector Rank
OM 20.16%
PM (TTM) 7.02%
GM 79.89%
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%
BTE Yearly Profit, Operating, Gross MarginsBTE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200 -300

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3

2. BTE Health Analysis

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.
  • Compared to 1 year ago, BTE has less shares outstanding
  • BTE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BTE has an improved debt to assets ratio.
BTE Yearly Shares OutstandingBTE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.73, we must say that BTE is in the distress zone and has some risk of bankruptcy.
  • BTE has a Altman-Z score of 0.73. This is in the lower half of the industry: BTE underperforms 60.39% of its industry peers.
  • BTE has a debt to FCF ratio of 4.80. This is a neutral value as BTE would need 4.80 years to pay back of all of its debts.
  • BTE has a better Debt to FCF ratio (4.80) than 67.15% of its industry peers.
  • BTE has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.48, BTE perfoms like the industry average, outperforming 49.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.73
ROIC/WACC0.82
WACC6.85%
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 0 1B 2B 3B 4B

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.
  • With a Current ratio value of 0.58, BTE is not doing good in the industry: 80.68% 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.
  • With a Quick ratio value of 0.58, BTE is not doing good in the industry: 71.98% of the companies in the same industry are doing better.
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 100M 200M 300M 400M 500M

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

4

3. BTE Growth Analysis

3.1 Past

  • BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.29%, which is quite impressive.
  • Measured over the past years, BTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -32.67% on average per year.
  • BTE shows a decrease in Revenue. In the last year, the revenue decreased by -8.89%.
  • Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 17.51% on average per year.
EPS 1Y (TTM)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%

3.2 Future

  • Based on estimates for the next years, BTE will show a very negative growth in Earnings Per Share. The EPS will decrease by -36.56% on average per year.
  • 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 Y23.64%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
EPS Next 5Y-36.56%
Revenue Next Year-17.65%
Revenue Next 2Y-42.2%
Revenue Next 3Y-23.29%
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.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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4

4. BTE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.30 indicates a rather expensive valuation of BTE.
  • BTE's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.83, BTE is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 75.53, BTE can be considered very expensive at the moment.
  • 62.80% of the companies in the same industry are cheaper 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 (24.95), we can say BTE is valued expensively.
Industry RankSector Rank
PE 19.3
Fwd PE 75.53
BTE Price Earnings VS Forward Price EarningsBTE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 94.69% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
  • 87.92% 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 9.46
EV/EBITDA 3.11
BTE Per share dataBTE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • BTE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BTE's earnings are expected to decrease with -26.29% in the coming years. This may justify a cheaper valuation.
PEG (NY)0.82
PEG (5Y)N/A
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%

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

4

5. BTE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.75%, BTE has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.47, BTE has a dividend in line with its industry peers.
  • BTE's Dividend Yield is comparable with the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.75%

5.2 History

  • The dividend of BTE decreases each year by -45.77%.
  • BTE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of BTE decreased recently.
Dividend Growth(5Y)-45.77%
Div Incr Years1
Div Non Decr Years1
BTE Yearly Dividends per shareBTE Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 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.
  • The Dividend Rate of BTE has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP32.39%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
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 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 (3/3/2026, 8:04:00 PM)

After market: 3.96 +0.1 (+2.59%)

3.86

0 (0%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30
Earnings (Next)03-04
Inst Owners30.8%
Inst Owner Change55.23%
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap2.90B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts70.67
Price Target3.69 (-4.4%)
Short Float %3.19%
Short Ratio1.21
Dividend
Industry RankSector Rank
Dividend Yield 1.75%
Yearly Dividend0.07
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)1.95%
PT rev (3m)3.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)233.4%
EPS NY rev (1m)0%
EPS NY rev (3m)27.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.65%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-2.83%
Valuation
Industry RankSector Rank
PE 19.3
Fwd PE 75.53
P/S 1.3
P/FCF 9.46
P/OCF 2.3
P/B 0.95
P/tB 0.95
EV/EBITDA 3.11
EPS(TTM)0.2
EY5.18%
EPS(NY)0.05
Fwd EY1.32%
FCF(TTM)0.41
FCFY10.57%
OCF(TTM)1.68
OCFY43.49%
SpS2.97
BVpS4.07
TBVpS4.07
PEG (NY)0.82
PEG (5Y)N/A
Graham Number4.28
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROCE 8.85%
ROIC 5.61%
ROICexc 5.62%
ROICexgc 5.62%
OM 20.16%
PM (TTM) 7.02%
GM 79.89%
FCFM 13.73%
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
ROICexgc growth 3Y-2.67%
ROICexgc 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-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 0.73
F-Score6
WACC6.85%
ROIC/WACC0.82
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)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
EPS Next Y23.64%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
EPS Next 5Y-36.56%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-17.65%
Revenue Next 2Y-42.2%
Revenue Next 3Y-23.29%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year64.41%
EBIT Next 3Y-12.81%
EBIT Next 5Y-7.6%
FCF growth 1Y110.83%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y53.56%
OCF growth 3Y38.88%
OCF growth 5Y17.98%

BAYTEX ENERGY CORP / BTE 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 4 / 10 to BAYTEX ENERGY CORP (BTE). This can be considered as Fairly Valued.


Can you provide the profitability details for BAYTEX ENERGY CORP?

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


Can you provide the PE and PB ratios for BTE stock?

The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE) is 19.3 and the Price/Book (PB) ratio is 0.95.


How financially healthy is BAYTEX ENERGY CORP?

The financial health rating of BAYTEX ENERGY CORP (BTE) is 3 / 10.