PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis
USA - NYSE:PXD - US7237871071 - Common Stock
269.62 USD
+1.96 (+0.73%)
269.82 USD
+0.2 (+0.07%)
PXD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of PXD get a neutral evaluation. Nothing too spectacular is happening here. PXD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
PXD had positive earnings in the past year.
In the past year PXD had a positive cash flow from operations.
PXD had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PXD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PXD (13.33%) is better than 79.53% of its industry peers.
PXD has a Return On Equity of 21.07%. This is in the better half of the industry: PXD outperforms 66.51% of its industry peers.
PXD's Return On Invested Capital of 15.30% is fine compared to the rest of the industry. PXD outperforms 78.14% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PXD is below the industry average of 21.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.33% | ||
| ROE | 21.07% | ||
| ROIC | 15.3% |
ROA(3y)13.67%
ROA(5y)8.8%
ROE(3y)21.7%
ROE(5y)13.94%
ROIC(3y)18.75%
ROIC(5y)13.28%
1.3 Margins
With a decent Profit Margin value of 25.20%, PXD is doing good in the industry, outperforming 68.84% of the companies in the same industry.
In the last couple of years the Profit Margin of PXD has grown nicely.
Looking at the Operating Margin, with a value of 33.80%, PXD is in the better half of the industry, outperforming 64.65% of the companies in the same industry.
In the last couple of years the Operating Margin of PXD has grown nicely.
PXD's Gross Margin of 51.42% is in line compared to the rest of the industry. PXD outperforms 53.95% of its industry peers.
PXD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.8% | ||
| PM (TTM) | 25.2% | ||
| GM | 51.42% |
OM growth 3Y74.62%
OM growth 5Y9.14%
PM growth 3YN/A
PM growth 5Y19.44%
GM growth 3Y13.55%
GM growth 5Y2.27%
2. Health
2.1 Basic Checks
PXD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
PXD has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, PXD has more shares outstanding
Compared to 1 year ago, PXD has an improved debt to assets ratio.
2.2 Solvency
PXD has an Altman-Z score of 4.20. This indicates that PXD is financially healthy and has little risk of bankruptcy at the moment.
PXD has a Altman-Z score of 4.20. This is amongst the best in the industry. PXD outperforms 84.65% of its industry peers.
PXD has a debt to FCF ratio of 1.31. This is a very positive value and a sign of high solvency as it would only need 1.31 years to pay back of all of its debts.
PXD has a Debt to FCF ratio of 1.31. This is amongst the best in the industry. PXD outperforms 81.86% of its industry peers.
PXD has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
PXD has a Debt to Equity ratio of 0.21. This is in the better half of the industry: PXD outperforms 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.31 | ||
| Altman-Z | 4.2 |
ROIC/WACC1.8
WACC8.52%
2.3 Liquidity
PXD has a Current Ratio of 0.88. This is a bad value and indicates that PXD is not financially healthy enough and could expect problems in meeting its short term obligations.
PXD has a Current ratio of 0.88. This is in the lower half of the industry: PXD underperforms 69.30% of its industry peers.
A Quick Ratio of 0.72 indicates that PXD may have some problems paying its short term obligations.
With a Quick ratio value of 0.72, PXD is not doing good in the industry: 71.16% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The earnings per share for PXD have decreased strongly by -31.81% in the last year.
Measured over the past years, PXD shows a very strong growth in Earnings Per Share. The EPS has been growing by 26.89% on average per year.
The Revenue for PXD has decreased by -20.54% in the past year. This is quite bad
PXD shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.61% yearly.
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y26.89%
EPS Q2Q%-11%
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y15.61%
Sales Q2Q%-1.89%
3.2 Future
Based on estimates for the next years, PXD will show a small growth in Earnings Per Share. The EPS will grow by 1.86% on average per year.
The Revenue is expected to grow by 5.04% on average over the next years.
EPS Next Y-0.89%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
EPS Next 5Y1.86%
Revenue Next Year11.05%
Revenue Next 2Y9.52%
Revenue Next 3Y5.04%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
PXD is valuated correctly with a Price/Earnings ratio of 12.97.
Compared to the rest of the industry, the Price/Earnings ratio of PXD is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.38. PXD is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 13.08, which indicates a correct valuation of PXD.
PXD's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.86. PXD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 |
4.2 Price Multiples
PXD's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as PXD.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.02 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
PXD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y2.95%
EPS Next 3Y0.88%
5. Dividend
5.1 Amount
PXD has a Yearly Dividend Yield of 4.06%, which is a nice return.
PXD's Dividend Yield is a higher than the industry average which is at 6.00.
Compared to an average S&P500 Dividend Yield of 2.38, PXD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
5.2 History
On average, the dividend of PXD grows each year by 112.46%, which is quite nice.
PXD has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)112.46%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PXD pays out 67.57% of its income as dividend. This is not a sustainable payout ratio.
The dividend of PXD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.57%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
269.62
+1.96 (+0.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners7.51%
Inst Owner Change-99.99%
Ins Owners0.34%
Ins Owner Change0%
Market Cap62.99B
Analysts64.83
Price Target280.31 (3.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Yearly Dividend14.05
Dividend Growth(5Y)112.46%
DP67.57%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.42%
Min EPS beat(2)-4.88%
Max EPS beat(2)4.04%
EPS beat(4)3
Avg EPS beat(4)2.59%
Min EPS beat(4)-4.88%
Max EPS beat(4)6.48%
EPS beat(8)6
Avg EPS beat(8)3.35%
EPS beat(12)9
Avg EPS beat(12)5.09%
EPS beat(16)12
Avg EPS beat(16)5.78%
Revenue beat(2)2
Avg Revenue beat(2)27.69%
Min Revenue beat(2)24.44%
Max Revenue beat(2)30.95%
Revenue beat(4)4
Avg Revenue beat(4)26.42%
Min Revenue beat(4)20.94%
Max Revenue beat(4)30.95%
Revenue beat(8)8
Avg Revenue beat(8)37.3%
Revenue beat(12)12
Avg Revenue beat(12)52.68%
Revenue beat(16)16
Avg Revenue beat(16)62.64%
PT rev (1m)7.73%
PT rev (3m)8.47%
EPS NQ rev (1m)3.81%
EPS NQ rev (3m)-9.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.08%
Revenue NQ rev (1m)2.65%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 | ||
| P/S | 3.25 | ||
| P/FCF | 17.02 | ||
| P/OCF | 7.46 | ||
| P/B | 2.72 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 7.15 |
EPS(TTM)20.79
EY7.71%
EPS(NY)20.61
Fwd EY7.64%
FCF(TTM)15.84
FCFY5.87%
OCF(TTM)36.16
OCFY13.41%
SpS82.93
BVpS99.18
TBVpS98.15
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.33% | ||
| ROE | 21.07% | ||
| ROCE | 19.47% | ||
| ROIC | 15.3% | ||
| ROICexc | 15.47% | ||
| ROICexgc | 15.59% | ||
| OM | 33.8% | ||
| PM (TTM) | 25.2% | ||
| GM | 51.42% | ||
| FCFM | 19.1% |
ROA(3y)13.67%
ROA(5y)8.8%
ROE(3y)21.7%
ROE(5y)13.94%
ROIC(3y)18.75%
ROIC(5y)13.28%
ROICexc(3y)19.88%
ROICexc(5y)14.08%
ROICexgc(3y)20.03%
ROICexgc(5y)14.21%
ROCE(3y)23.86%
ROCE(5y)16.9%
ROICexcg growth 3Y90.31%
ROICexcg growth 5Y6.86%
ROICexc growth 3Y90.91%
ROICexc growth 5Y7.09%
OM growth 3Y74.62%
OM growth 5Y9.14%
PM growth 3YN/A
PM growth 5Y19.44%
GM growth 3Y13.55%
GM growth 5Y2.27%
F-Score4
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.31 | ||
| Debt/EBITDA | 0.51 | ||
| Cap/Depr | 165.9% | ||
| Cap/Sales | 24.51% | ||
| Interest Coverage | 51.57 | ||
| Cash Conversion | 89.77% | ||
| Profit Quality | 75.79% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 4.2 |
F-Score4
WACC8.52%
ROIC/WACC1.8
Cap/Depr(3y)152.12%
Cap/Depr(5y)149.99%
Cap/Sales(3y)19.79%
Cap/Sales(5y)23.45%
Profit Quality(3y)100.01%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y26.89%
EPS Q2Q%-11%
EPS Next Y-0.89%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
EPS Next 5Y1.86%
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y15.61%
Sales Q2Q%-1.89%
Revenue Next Year11.05%
Revenue Next 2Y9.52%
Revenue Next 3Y5.04%
Revenue Next 5YN/A
EBIT growth 1Y-36.4%
EBIT growth 3Y144.89%
EBIT growth 5Y26.18%
EBIT Next Year49.37%
EBIT Next 3Y16.67%
EBIT Next 5Y13.3%
FCF growth 1Y-49.42%
FCF growth 3Y118.23%
FCF growth 5YN/A
OCF growth 1Y-25.56%
OCF growth 3Y59.47%
OCF growth 5Y21.11%