PIONEER NATURAL RESOURCES CO (PXD)
US7237871071 - Common Stock
Overall PXD gets a fundamental rating of 5 out of 10. We evaluated PXD against 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year PXD was profitable.
PXD had a positive operating cash flow in the past year.
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 has a better Return On Assets (13.33%) than 75.00% of its industry peers.
The Return On Equity of PXD (21.07%) is better than 62.74% of its industry peers.
PXD has a better Return On Invested Capital (15.30%) than 76.42% of its industry peers.
PXD had an Average Return On Invested Capital over the past 3 years of 18.75%. This is significantly below the industry average of 46.07%.
| 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 63.68% of the companies in the same industry.
In the last couple of years the Profit Margin of PXD has grown nicely.
With a decent Operating Margin value of 33.80%, PXD is doing good in the industry, outperforming 62.26% of the companies in the same industry.
PXD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 51.42%, PXD is in line with its industry, outperforming 50.94% of the companies in the same 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.
PXD has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.18 indicates that PXD is not in any danger for bankruptcy at the moment.
PXD's Altman-Z score of 4.18 is amongst the best of the industry. PXD outperforms 84.43% 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's Debt to FCF ratio of 1.31 is amongst the best of the industry. PXD outperforms 82.08% 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 67.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.31 | ||
| Altman-Z | 4.18 |
ROIC/WACC1.77
WACC8.65%
2.3 Liquidity
A Current Ratio of 0.88 indicates that PXD may have some problems paying its short term obligations.
PXD has a worse Current ratio (0.88) than 68.87% 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.
PXD has a Quick ratio of 0.72. This is in the lower half of the industry: PXD underperforms 71.70% of its industry peers.
| 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.
PXD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.54%.
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 growth Q2Q-11%
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y15.61%
Revenue growth Q2Q-1.89%
3.2 Future
PXD is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.12% yearly.
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 5Y-0.12%
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
A Price/Earnings ratio of 12.89 indicates a correct valuation of PXD.
Compared to the rest of the industry, the Price/Earnings ratio of PXD is on the same level as its industry peers.
When comparing the Price/Earnings ratio of PXD to the average of the S&P500 Index (24.80), we can say PXD is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.00 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 21.27. PXD is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.89 | ||
| Fwd PE | 13 |
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.
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 | 16.92 | ||
| EV/EBITDA | 7.11 |
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
With a Yearly Dividend Yield of 3.98%, PXD has a reasonable but not impressive dividend return.
PXD's Dividend Yield is a higher than the industry average which is at 5.80.
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 | 3.98% |
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
5.3 Sustainability
PXD pays out 67.57% of its income as dividend. This is not a sustainable payout ratio.
PXD's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP67.57%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
PIONEER NATURAL RESOURCES CO
NYSE:PXD (4/18/2024, 7:16:08 PM)
After market: 267.97 0 (0%)267.97
+0.18 (+0.07%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap62.60B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.98% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.89 | ||
| Fwd PE | 13 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.33% | ||
| ROE | 21.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.8% | ||
| PM (TTM) | 25.2% | ||
| GM | 51.42% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y
EPS growth Q2Q
EPS Next Y-0.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y