Logo image of PXD

PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis

NYSE:PXD - New York Stock Exchange, Inc. - US7237871071 - Common Stock - Currency: USD

269.62  +1.96 (+0.73%)

After market: 269.82 +0.2 (+0.07%)

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to PXD. PXD was compared to 213 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 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

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.
Each year in the past 5 years PXD had a positive operating cash flow.
PXD Yearly Net Income VS EBIT VS OCF VS FCFPXD 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 2023 0 2B 4B 6B 8B 10B

1.2 Ratios

PXD has a better Return On Assets (13.33%) than 79.53% of its industry peers.
PXD has a better Return On Equity (21.07%) than 66.51% of its industry peers.
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.
PXD had an Average Return On Invested Capital over the past 3 years of 18.75%. This is significantly below the industry average of 25.73%.
Industry RankSector 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%
PXD Yearly ROA, ROE, ROICPXD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

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.
PXD's Profit Margin has improved in the last couple of years.
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.
The Gross Margin of PXD (51.42%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PXD has grown nicely.
Industry RankSector 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%
PXD Yearly Profit, Operating, Gross MarginsPXD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40

6

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.
PXD has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PXD has been reduced compared to a year ago.
PXD Yearly Shares OutstandingPXD Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
PXD Yearly Total Debt VS Total AssetsPXD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

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's Altman-Z score of 4.20 is amongst the best of 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.
A Debt/Equity ratio of 0.21 indicates that PXD is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.21, PXD is doing good in the industry, outperforming 67.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 1.31
Altman-Z 4.2
ROIC/WACC1.8
WACC8.52%
PXD Yearly LT Debt VS Equity VS FCFPXD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B 20B

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.
With a Current ratio value of 0.88, PXD is not doing good in the industry: 69.30% of the companies in the same industry are doing better.
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 RankSector Rank
Current Ratio 0.88
Quick Ratio 0.72
PXD Yearly Current Assets VS Current LiabilitesPXD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

4

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
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

The Earnings Per Share is expected to grow by 1.86% on average over the next years.
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.
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.
PXD Yearly Revenue VS EstimatesPXD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5B 10B 15B 20B
PXD Yearly EPS VS EstimatesPXD Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20 30

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.97, PXD is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as PXD.
The average S&P500 Price/Earnings ratio is at 25.91. PXD is valued slightly cheaper when compared to this.
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 rather cheaply when we compare the Price/Forward Earnings ratio to 21.77, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.97
Fwd PE 13.08
PXD Price Earnings VS Forward Price EarningsPXD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PXD is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as PXD.
Industry RankSector Rank
P/FCF 17.02
EV/EBITDA 7.15
PXD Per share dataPXD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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%

6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 4.06%, PXD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.82, 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 2.40.
Industry RankSector Rank
Dividend Yield 4.06%

5.2 History

The dividend of PXD is nicely growing with an annual growth rate of 112.46%!
PXD has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)112.46%
Div Incr Years0
Div Non Decr Years0
PXD Yearly Dividends per sharePXD Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

5.3 Sustainability

67.57% of the earnings are spent on dividend by PXD. 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%
PXD Yearly Income VS Free CF VS DividendPXD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B
PXD Dividend Payout.PXD Dividend Payout, showing the Payout Ratio.PXD Dividend Payout.PayoutRetained Earnings

PIONEER NATURAL RESOURCES CO

NYSE:PXD (5/2/2024, 8:15:12 PM)

After market: 269.82 +0.2 (+0.07%)

269.62

+1.96 (+0.73%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)05-02 2024-05-02/amc
Earnings (Next)07-30 2024-07-30/amc
Inst Owners7.51%
Inst Owner Change-99.92%
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 RankSector 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 RankSector 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 RankSector 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 RankSector 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%