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 213 industry peers in the Oil, Gas & Consumable Fuels industry. PXD has only an average score on both its financial health and profitability. PXD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year PXD was profitable.
In the past year PXD had a positive cash flow from operations.
Of the past 5 years PXD 4 years were profitable.
Each year in the past 5 years PXD had a positive operating cash flow.
1.2 Ratios
PXD's Return On Assets of 13.33% is fine compared to the rest of the industry. PXD outperforms 79.53% of its industry peers.
The Return On Equity of PXD (21.07%) is better than 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 23.55%.
| 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.
PXD has a better Operating Margin (33.80%) 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.
In the last couple of years the Gross Margin of PXD has grown nicely.
| 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 more shares outstanding than it did 5 years ago.
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 better Altman-Z score (4.20) than 84.65% of its industry peers.
The Debt to FCF ratio of PXD is 1.31, which is an excellent value as it means it would take PXD, only 1.31 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.31, PXD belongs to the best of the industry, outperforming 81.86% of the companies in the same industry.
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
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'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.
A Quick Ratio of 0.72 indicates that PXD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, PXD is doing worse than 71.16% of the companies in the same industry.
| 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
PXD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.54%.
The Revenue has been growing by 15.61% on average over the past years. This is quite good.
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.
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 26.35, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 13.08, the valuation of PXD can be described as correct.
PXD's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.19, PXD is valued a bit cheaper.
| 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.
PXD's Price/Free Cash Flow is on the same level as 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.
Compared to an average industry Dividend Yield of 6.54, 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 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.
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-99.92%
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 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%