BAYTEX ENERGY CORP (BTE) Fundamental Analysis & Valuation

NYSE:BTE • CA07317Q1054

Current stock price

4.495 USD
+0.09 (+2.16%)
Last:

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.
  • 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.
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's Return On Assets of 2.82% is in line compared to the rest of the industry. BTE outperforms 46.89% of its industry peers.
  • BTE has a Return On Equity of 5.12%. This is comparable to the rest of the industry: BTE outperforms 44.50% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.99%, BTE is in the better half of the industry, outperforming 65.55% 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 23.10%.
  • 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

  • BTE's Profit Margin of 7.02% is in line compared to the rest of the industry. BTE outperforms 50.72% of its industry peers.
  • With a Operating Margin value of 20.16%, BTE perfoms like the industry average, outperforming 58.85% of the companies in the same industry.
  • BTE's Operating Margin has declined in the last couple of years.
  • BTE has a better Gross Margin (79.89%) than 89.95% 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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3

2. BTE Health Analysis

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.
  • 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 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

  • BTE has an Altman-Z score of 0.84. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.84, BTE is in line with its industry, outperforming 41.15% of the companies in the same industry.
  • 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's Debt to FCF ratio of 4.80 is fine compared to the rest of the industry. BTE outperforms 69.86% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
  • BTE's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. BTE outperforms 52.63% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.84
ROIC/WACC0.94
WACC7.42%
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

  • 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.
  • The Current ratio of BTE (0.58) is worse than 81.34% of its industry peers.
  • 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: 72.73% 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 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

  • The earnings per share for BTE have decreased strongly by -96.55% in the last year.
  • BTE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -54.08% yearly.
  • The Revenue has decreased by -8.19% in the past year.
  • Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 12.78% on average per year.
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

  • Based on estimates for the next years, BTE will show a very strong growth in Earnings Per Share. The EPS will grow by 95.31% on average per year.
  • The Revenue is expected to grow by 9.09% on average over the next years. This is quite good.
EPS Next Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
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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4

4. BTE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 449.50, the valuation of BTE can be described as expensive.
  • BTE's Price/Earnings ratio is a bit more expensive when compared to the industry. BTE is more expensive than 69.38% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of BTE to the average of the S&P500 Index (26.21), we can say BTE is valued expensively.
  • With a Price/Forward Earnings ratio of 91.71, BTE can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE indicates a slightly more expensive valuation: BTE is more expensive than 62.68% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.13. BTE is valued rather expensively when compared to this.
Industry RankSector Rank
PE 449.5
Fwd PE 91.71
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

  • Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaply inside the industry as 94.74% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, BTE is valued cheaper than 82.78% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.2
EV/EBITDA 3.44
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.
  • A more expensive valuation may be justified as BTE's earnings are expected to grow with 59.53% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y240.81%
EPS Next 3Y59.53%

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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 1.50%.
  • Compared to an average industry Dividend Yield of 3.16, BTE has a dividend in line with its industry peers.
  • BTE's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.5%

5.2 History

  • The dividend of BTE decreases each year by -46.71%.
  • BTE has been paying a dividend for at least 10 years, so it has 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 2Y240.81%
EPS Next 3Y59.53%
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 (4/7/2026, 2:56:07 PM)

4.495

+0.09 (+2.16%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners35.83%
Inst Owner Change55%
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap3.38B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts69.33
Price Target3.69 (-17.91%)
Short Float %2.97%
Short Ratio0.95
Dividend
Industry RankSector Rank
Dividend Yield 1.5%
Yearly Dividend0.06
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)0%
PT rev (3m)2.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-80.94%
EPS NY rev (1m)0%
EPS NY rev (3m)19.11%
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 449.5
Fwd PE 91.71
P/S 1.54
P/FCF 11.2
P/OCF 2.72
P/B 1.12
P/tB 1.12
EV/EBITDA 3.44
EPS(TTM)0.01
EY0.22%
EPS(NY)0.05
Fwd EY1.09%
FCF(TTM)0.4
FCFY8.93%
OCF(TTM)1.65
OCFY36.74%
SpS2.92
BVpS4.01
TBVpS4.01
PEG (NY)0.77
PEG (5Y)N/A
Graham Number0.95
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 0.84
F-Score6
WACC7.42%
ROIC/WACC0.94
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 Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
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 Year27.12%
EBIT Next 3Y11.54%
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 4 / 10 to BAYTEX ENERGY CORP (BTE). This can be considered as Fairly Valued.


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 449.5 and the Price/Book (PB) ratio is 1.12.


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%.