BAYTEX ENERGY CORP (BTE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:BTE - CA07317Q1054 - Common Stock
3.31 USD
-0.02 (-0.6%)
3.38 USD
+0.07 (+2.11%)
BTE gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 208 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 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.
In the past 5 years BTE always reported a positive cash flow from operatings.
1.2 Ratios
BTE has a Return On Assets of 2.82%. This is comparable to the rest of the industry: BTE outperforms 48.08% of its industry peers.
Looking at the Return On Equity, with a value of 5.12%, BTE is in line with its industry, outperforming 42.79% of the companies in the same industry.
With a Return On Invested Capital value of 5.61%, BTE perfoms like the industry average, outperforming 50.48% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTE is significantly below the industry average of 21.83%.
| Industry Rank | Sector 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
1.3 Margins
With a Profit Margin value of 7.02%, BTE perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of BTE has declined.
BTE has a Operating Margin (20.16%) which is comparable to the rest of the industry.
BTE's Operating Margin has improved in the last couple of years.
BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 89.90% 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-12.27%
OM growth 5Y17.02%
PM growth 3Y-59.31%
PM growth 5YN/A
GM growth 3Y1.18%
GM growth 5Y1.87%
2. Health
2.1 Basic Checks
BTE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for BTE has been reduced compared to 1 year ago.
The number of shares outstanding for BTE has been increased compared to 5 years ago.
BTE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.66, we must say that BTE is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of BTE (0.66) is worse than 60.58% 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 has a better Debt to FCF ratio (4.80) than 65.38% 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.
BTE has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: BTE outperforms 50.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.75
WACC7.53%
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: 78.85% 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: 72.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 168.29% over the past year.
BTE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -32.67% yearly.
Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -8.89% in the last year.
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
BTE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -36.56% yearly.
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.56%
Revenue Next Year-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.55, which indicates a correct valuation of BTE.
Compared to the rest of the industry, the Price/Earnings ratio of BTE is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.19. BTE is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 80.29 indicates a quite expensive valuation of BTE.
BTE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. BTE is more expensive than 64.90% of the companies in the same industry.
BTE is valuated expensively when we compare the Price/Forward Earnings ratio to 23.92, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.55 | ||
| Fwd PE | 80.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaply inside the industry as 91.83% of the companies are valued more expensively.
83.65% 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 | 8.41 | ||
| EV/EBITDA | 2.88 |
4.3 Compensation for Growth
BTE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
BTE's earnings are expected to decrease with -42.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)1.7
PEG (5Y)N/A
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.96%, BTE has a reasonable but not impressive dividend return.
BTE's Dividend Yield is comparable with the industry average which is at 3.91.
BTE's Dividend Yield is comparable with the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
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
5.3 Sustainability
BTE pays out 32.39% of its income as dividend. This is a sustainable payout ratio.
BTE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP32.39%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
3.31
-0.02 (-0.6%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners30.8%
Inst Owner Change0%
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap2.54B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts74.67
Price Target3.6 (8.76%)
Short Float %3.49%
Short Ratio1.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend0.06
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)0.84%
PT rev (3m)23.48%
EPS NQ rev (1m)800%
EPS NQ rev (3m)187.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)3.65%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)-3.27%
Revenue NY rev (3m)-20.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.55 | ||
| Fwd PE | 80.29 | ||
| P/S | 1.15 | ||
| P/FCF | 8.41 | ||
| P/OCF | 2.04 | ||
| P/B | 0.84 | ||
| P/tB | 0.84 | ||
| EV/EBITDA | 2.88 |
EPS(TTM)0.2
EY6.04%
EPS(NY)0.04
Fwd EY1.25%
FCF(TTM)0.39
FCFY11.89%
OCF(TTM)1.62
OCFY48.92%
SpS2.87
BVpS3.93
TBVpS3.93
PEG (NY)1.7
PEG (5Y)N/A
Graham Number4.2
Profitability
| Industry Rank | Sector 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 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 | 0.66 |
F-Score6
WACC7.53%
ROIC/WACC0.75
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 Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
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-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year70.26%
EBIT Next 3Y-11.36%
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 16.55 and the Price/Book (PB) ratio is 0.84.
How financially healthy is BAYTEX ENERGY CORP?
The financial health rating of BAYTEX ENERGY CORP (BTE) is 3 / 10.