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PDC ENERGY INC (PDCE) Stock Fundamental Analysis

NASDAQ:PDCE - Nasdaq - US69327R1014 - Common Stock - Currency: USD

73.85  -0.2 (-0.27%)

After market: 73.85 0 (0%)

Fundamental Rating

6

Taking everything into account, PDCE scores 6 out of 10 in our fundamental rating. PDCE was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. PDCE scores excellent on profitability, but there are some minor concerns on its financial health. PDCE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. This makes PDCE very considerable for value investing!


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

PDCE had positive earnings in the past year.
In the past year PDCE had a positive cash flow from operations.
In multiple years PDCE reported negative net income over the last 5 years.
PDCE had a positive operating cash flow in each of the past 5 years.
PDCE Yearly Net Income VS EBIT VS OCF VS FCFPDCE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 1B -1B 2B

1.2 Ratios

Looking at the Return On Assets, with a value of 22.14%, PDCE is in the better half of the industry, outperforming 79.34% of the companies in the same industry.
PDCE's Return On Equity of 41.84% is fine compared to the rest of the industry. PDCE outperforms 76.06% of its industry peers.
PDCE has a better Return On Invested Capital (30.10%) than 85.92% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PDCE is significantly below the industry average of 23.53%.
The 3 year average ROIC (15.55%) for PDCE is below the current ROIC(30.10%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 22.14%
ROE 41.84%
ROIC 30.1%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)15.55%
ROIC(5y)11.87%
PDCE Yearly ROA, ROE, ROICPDCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40

1.3 Margins

PDCE has a Profit Margin of 43.85%. This is amongst the best in the industry. PDCE outperforms 81.22% of its industry peers.
PDCE has a Operating Margin of 58.61%. This is amongst the best in the industry. PDCE outperforms 87.32% of its industry peers.
PDCE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 87.02%, PDCE belongs to the top of the industry, outperforming 90.14% of the companies in the same industry.
PDCE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 58.61%
PM (TTM) 43.85%
GM 87.02%
OM growth 3Y123.77%
OM growth 5Y34.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.92%
GM growth 5Y-1.85%
PDCE Yearly Profit, Operating, Gross MarginsPDCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 50 -50

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PDCE is creating value.
Compared to 1 year ago, PDCE has less shares outstanding
The debt/assets ratio for PDCE has been reduced compared to a year ago.
PDCE Yearly Shares OutstandingPDCE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M
PDCE Yearly Total Debt VS Total AssetsPDCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B

2.2 Solvency

PDCE has an Altman-Z score of 2.66. This is not the best score and indicates that PDCE is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of PDCE (2.66) is better than 65.73% of its industry peers.
The Debt to FCF ratio of PDCE is 1.41, which is an excellent value as it means it would take PDCE, only 1.41 years of fcf income to pay off all of its debts.
PDCE has a better Debt to FCF ratio (1.41) than 74.65% of its industry peers.
PDCE has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
PDCE has a Debt to Equity ratio (0.34) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.41
Altman-Z 2.66
ROIC/WACC3.69
WACC8.15%
PDCE Yearly LT Debt VS Equity VS FCFPDCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 1B -1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.49 indicates that PDCE may have some problems paying its short term obligations.
PDCE has a Current ratio of 0.49. This is amonst the worse of the industry: PDCE underperforms 87.32% of its industry peers.
A Quick Ratio of 0.49 indicates that PDCE may have some problems paying its short term obligations.
PDCE has a worse Quick ratio (0.49) than 83.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.49
PDCE Yearly Current Assets VS Current LiabilitesPDCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 500M 1B

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5

3. Growth

3.1 Past

PDCE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.96%.
Measured over the past years, PDCE shows a very strong growth in Earnings Per Share. The EPS has been growing by 167.86% on average per year.
Looking at the last year, PDCE shows a very strong growth in Revenue. The Revenue has grown by 50.94%.
The Revenue has been growing by 33.07% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-11.96%
EPS 3Y167.86%
EPS 5YN/A
EPS Q2Q%-47.36%
Revenue 1Y (TTM)50.94%
Revenue growth 3Y49.28%
Revenue growth 5Y33.07%
Sales Q2Q%-23.42%

3.2 Future

The Earnings Per Share is expected to grow by 7.15% on average over the next years.
Based on estimates for the next years, PDCE will show a small growth in Revenue. The Revenue will grow by 0.61% on average per year.
EPS Next Y-22.73%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue Next Year-13.82%
Revenue Next 2Y-3.94%
Revenue Next 3Y0.61%
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 decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PDCE Yearly Revenue VS EstimatesPDCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
PDCE Yearly EPS VS EstimatesPDCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 6.01, the valuation of PDCE can be described as very cheap.
Based on the Price/Earnings ratio, PDCE is valued a bit cheaper than the industry average as 69.01% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.76, PDCE is valued rather cheaply.
A Price/Forward Earnings ratio of 4.80 indicates a rather cheap valuation of PDCE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PDCE indicates a rather cheap valuation: PDCE is cheaper than 86.85% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 34.91. PDCE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 6.01
Fwd PE 4.8
PDCE Price Earnings VS Forward Price EarningsPDCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PDCE indicates a rather cheap valuation: PDCE is cheaper than 87.79% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, PDCE is valued a bit cheaper than the industry average as 73.71% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 6.02
EV/EBITDA 2.37
PDCE Per share dataPDCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

The decent profitability rating of PDCE may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.16%
EPS Next 3Y7.15%

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3

5. Dividend

5.1 Amount

PDCE has a Yearly Dividend Yield of 2.17%. Purely for dividend investing, there may be better candidates out there.
PDCE's Dividend Yield is comparable with the industry average which is at 6.31.
Compared to an average S&P500 Dividend Yield of 2.36, PDCE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.17%

5.2 History

PDCE has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
PDCE Yearly Dividends per sharePDCE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 0.5 1 1.5

5.3 Sustainability

PDCE pays out 10.55% of its income as dividend. This is a sustainable payout ratio.
DP10.55%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
PDCE Yearly Income VS Free CF VS DividendPDCE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 500M -500M 1B -1B 1.5B
PDCE Dividend Payout.PDCE Dividend Payout, showing the Payout Ratio.PDCE Dividend Payout.PayoutRetained Earnings

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PDC ENERGY INC

NASDAQ:PDCE (8/4/2023, 8:23:12 PM)

After market: 73.85 0 (0%)

73.85

-0.2 (-0.27%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-01 2023-08-01/amc
Earnings (Next)10-31 2023-10-31/amc
Inst Owners0%
Inst Owner Change-8.56%
Ins Owners0.65%
Ins Owner Change0%
Market Cap6.43B
Analysts74.44
Price Target83.27 (12.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.17%
Yearly Dividend1.96
Dividend Growth(5Y)N/A
DP10.55%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.33%
Min EPS beat(2)-9.76%
Max EPS beat(2)-8.89%
EPS beat(4)1
Avg EPS beat(4)-7.07%
Min EPS beat(4)-12.24%
Max EPS beat(4)2.6%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)14.17%
Min Revenue beat(2)5.88%
Max Revenue beat(2)22.47%
Revenue beat(4)4
Avg Revenue beat(4)18.86%
Min Revenue beat(4)1.78%
Max Revenue beat(4)45.32%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-3.34%
PT rev (3m)-10.54%
EPS NQ rev (1m)-4.57%
EPS NQ rev (3m)-13.09%
EPS NY rev (1m)-12.29%
EPS NY rev (3m)-12.29%
Revenue NQ rev (1m)-1.87%
Revenue NQ rev (3m)-6.24%
Revenue NY rev (1m)-1.6%
Revenue NY rev (3m)-1.6%
Valuation
Industry RankSector Rank
PE 6.01
Fwd PE 4.8
P/S 1.52
P/FCF 6.02
P/OCF 2.69
P/B 1.45
P/tB 1.45
EV/EBITDA 2.37
EPS(TTM)12.29
EY16.64%
EPS(NY)15.39
Fwd EY20.85%
FCF(TTM)12.27
FCFY16.61%
OCF(TTM)27.49
OCFY37.23%
SpS48.51
BVpS50.83
TBVpS50.83
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 22.14%
ROE 41.84%
ROCE N/A
ROIC 30.1%
ROICexc 30.14%
ROICexgc 30.14%
OM 58.61%
PM (TTM) 43.85%
GM 87.02%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)15.55%
ROIC(5y)11.87%
ROICexc(3y)15.59%
ROICexc(5y)11.9%
ROICexgc(3y)15.59%
ROICexgc(5y)11.9%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y185.34%
ROICexcg growth 5Y60.29%
ROICexc growth 3Y185.34%
ROICexc growth 5Y60.29%
OM growth 3Y123.77%
OM growth 5Y34.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.92%
GM growth 5Y-1.85%
F-Score9
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.41
Debt/EBITDA 0.45
Cap/Depr 152.69%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 57.67%
Current Ratio 0.49
Quick Ratio 0.49
Altman-Z 2.66
F-Score9
WACC8.15%
ROIC/WACC3.69
Cap/Depr(3y)116.7%
Cap/Depr(5y)138.29%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.96%
EPS 3Y167.86%
EPS 5YN/A
EPS Q2Q%-47.36%
EPS Next Y-22.73%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue 1Y (TTM)50.94%
Revenue growth 3Y49.28%
Revenue growth 5Y33.07%
Sales Q2Q%-23.42%
Revenue Next Year-13.82%
Revenue Next 2Y-3.94%
Revenue Next 3Y0.61%
Revenue Next 5YN/A
EBIT growth 1Y79.24%
EBIT growth 3Y234.04%
EBIT growth 5Y78.55%
EBIT Next Year12.77%
EBIT Next 3Y11.65%
EBIT Next 5Y6.45%
FCF growth 1Y58.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.86%
OCF growth 3Y47.83%
OCF growth 5Y35.91%