PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:PXD • US7237871071
269.62 USD
+1.96 (+0.73%)
At close: May 2, 2024
269.82 USD
+0.2 (+0.07%)
After Hours: 5/2/2024, 8:15:12 PM
Overall PXD gets a fundamental rating of 5 out of 10. We evaluated PXD against 207 industry peers in the Oil, Gas & Consumable Fuels industry. PXD has an average financial health and profitability rating. PXD is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year PXD was profitable.
- PXD had a positive operating cash flow in the past year.
- PXD had positive earnings in 4 of the past 5 years.
- PXD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- Looking at the Return On Assets, with a value of 13.33%, PXD is in the better half of the industry, outperforming 79.53% of the companies in the same industry.
- PXD has a better Return On Equity (21.07%) than 66.51% of its industry peers.
- The Return On Invested Capital of PXD (15.30%) is better than 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 21.94%.
| 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
- Looking at the Profit Margin, with a value of 25.20%, PXD is in the better half of 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.
- PXD's Operating Margin of 33.80% is fine compared to the rest of the industry. PXD outperforms 64.65% of its industry peers.
- PXD's Operating Margin has improved in the last couple of years.
- With a Gross Margin value of 51.42%, PXD perfoms like the industry average, outperforming 53.95% of the companies in the same 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.
- Compared to 1 year ago, PXD has less shares outstanding
- PXD has a better debt/assets ratio than last year.
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.
- 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.
- The Current ratio of PXD (0.88) is worse than 69.30% of its industry peers.
- A Quick Ratio of 0.72 indicates that PXD may have some problems paying its short term obligations.
- PXD's Quick ratio of 0.72 is on the low side compared to the rest of the industry. PXD is outperformed by 71.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
- PXD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.81%.
- 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
- 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.
- 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.
- 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.
- The rest of the industry has a similar Price/Earnings ratio as PXD.
- PXD is valuated cheaply when we compare the Price/Earnings ratio to 28.30, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 13.08 indicates a correct valuation of PXD.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of PXD is on the same level as its industry peers.
- PXD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.57.
| 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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of PXD is on the same level as its industry peers.
| 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.
- Compared to an average industry Dividend Yield of 3.64, PXD pays a bit more dividend than its industry peers.
- PXD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| 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%
PIONEER NATURAL RESOURCES CO / PXD FAQ
What is the ChartMill fundamental rating of PIONEER NATURAL RESOURCES CO (PXD) stock?
ChartMill assigns a fundamental rating of 5 / 10 to PXD.
What is the valuation status of PIONEER NATURAL RESOURCES CO (PXD) stock?
ChartMill assigns a valuation rating of 4 / 10 to PIONEER NATURAL RESOURCES CO (PXD). This can be considered as Fairly Valued.
What is the profitability of PXD stock?
PIONEER NATURAL RESOURCES CO (PXD) has a profitability rating of 6 / 10.
Can you provide the financial health for PXD stock?
The financial health rating of PIONEER NATURAL RESOURCES CO (PXD) is 6 / 10.
Can you provide the expected EPS growth for PXD stock?
The Earnings per Share (EPS) of PIONEER NATURAL RESOURCES CO (PXD) is expected to decline by -0.89% in the next year.