PIONEER NATURAL RESOURCES CO (PXD)
US7237871071 - Common Stock
PXD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 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 correct valuation and a medium 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.
In the past 5 years PXD always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 13.33%, PXD is doing good in the industry, outperforming 79.53% of the companies in the same industry.
Looking at the Return On Equity, with a value of 21.07%, PXD is in the better half of 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.
The Average Return On Invested Capital over the past 3 years for PXD is significantly below the industry average of 30.77%.
| 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
PXD's Profit Margin of 25.20% is fine compared to the rest of the industry. PXD outperforms 68.84% of its industry peers.
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 64.65% of the companies in the same industry.
In the last couple of years the Operating Margin of PXD has grown nicely.
Looking at the Gross Margin, with a value of 51.42%, PXD is in line with its industry, 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
Compared to 5 years ago, PXD has more shares outstanding
The debt/assets ratio for PXD has been reduced compared to a year ago.
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.
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.
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 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 has a worse Current ratio (0.88) 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.
The Quick ratio of PXD (0.72) is worse than 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%.
PXD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.89% yearly.
PXD shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.54%.
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.
Based on estimates for the next years, PXD will show a small growth in Revenue. The Revenue will grow by 5.04% on average per year.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
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.
Compared to an average S&P500 Price/Earnings ratio of 24.41, PXD is valued a bit cheaper.
The Price/Forward Earnings ratio is 13.08, which indicates a correct valuation of PXD.
The rest of the industry has a similar Price/Forward Earnings ratio as PXD.
PXD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.59.
| 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 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
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 4.06%, PXD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.93, 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 2.30.
| Industry Rank | Sector 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 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
NYSE:PXD (5/2/2024, 7:15:12 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)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap62.99B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y
EPS 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
Sales 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