PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis
NYSE:PXD - New York Stock Exchange, Inc. - US7237871071 - Common Stock - Currency: USD
Taking everything into account, PXD scores 5 out of 10 in our fundamental rating. PXD was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. PXD has an average financial health and profitability rating. PXD has a decent growth rate and is not valued too expensively.
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.
In the past 5 years PXD always reported a positive cash flow from operatings.
1.2 Ratios
PXD has a better Return On Assets (13.33%) than 79.53% of its industry peers.
With a decent Return On Equity value of 21.07%, PXD is doing good in the industry, outperforming 66.51% of the companies in the same industry.
With a decent Return On Invested Capital value of 15.30%, PXD is doing good in the industry, outperforming 78.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PXD is significantly below the industry average of 23.92%.
| 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
The Profit Margin of PXD (25.20%) is better than 68.84% of its industry peers.
In the last couple of years the Profit Margin of PXD has grown nicely.
The Operating Margin of PXD (33.80%) is better than 64.65% of its industry peers.
PXD's Operating Margin has improved in the last couple of years.
PXD has a Gross Margin (51.42%) which is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PXD is creating value.
The number of shares outstanding for PXD has been reduced compared to 1 year ago.
The number of shares outstanding for PXD has been increased compared to 5 years ago.
Compared to 1 year ago, PXD has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.20 indicates that PXD is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 4.20, PXD belongs to the best of the industry, outperforming 84.65% of the companies in the same industry.
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's Debt to FCF ratio of 1.31 is amongst the best of the industry. PXD outperforms 81.86% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that PXD is not too dependend on debt financing.
PXD's Debt to Equity ratio of 0.21 is fine compared to the rest 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
A Current Ratio of 0.88 indicates that PXD may have some problems paying its short term obligations.
PXD's Current ratio of 0.88 is on the low side compared to the rest of the industry. PXD is outperformed by 69.30% of its industry peers.
PXD has a Quick 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.
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.
The Earnings Per Share has been growing by 26.89% on average over the past years. This is a very strong growth
The Revenue for PXD has decreased by -20.54% in the past year. This is quite bad
Measured over the past years, PXD shows a quite strong growth in Revenue. The Revenue has been growing by 15.61% on average per year.
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.
PXD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.04% yearly.
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.
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 12.97, the valuation of PXD can be described as correct.
The rest of the industry has a similar Price/Earnings ratio as PXD.
When comparing the Price/Earnings ratio of PXD to the average of the S&P500 Index (27.03), we can say PXD is valued rather cheaply.
The Price/Forward Earnings ratio is 13.08, which indicates a correct valuation of PXD.
PXD's Price/Forward Earnings is on the same level as the industry average.
PXD is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 |
4.2 Price Multiples
PXD's Enterprise Value to EBITDA is on the same level as the industry average.
PXD's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.02 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
The decent profitability rating of PXD 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 6.33.
PXD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| 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
67.57% of the earnings are spent on dividend by PXD. This is not a sustainable payout ratio.
PXD's earnings are growing slower than its dividend. 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-0.1%
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%