PIONEER NATURAL RESOURCES CO (PXD) Fundamental Analysis & Valuation

NYSE:PXD • US7237871071

Current stock price

269.62 USD
+1.96 (+0.73%)
At close:
269.82 USD
+0.2 (+0.07%)
After Hours:

This PXD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. PXD Profitability Analysis

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.
  • PXD had a positive operating cash flow in each of the past 5 years.
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 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.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 15.30%, PXD is in the better half of 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 below the industry average of 22.73%.
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 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

1.3 Margins

  • The Profit Margin of PXD (25.20%) is better than 68.84% of its industry peers.
  • PXD's Profit Margin has improved in the last couple of years.
  • 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.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. PXD Health Analysis

2.1 Basic Checks

  • PXD has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for PXD has been reduced compared to 1 year ago.
  • Compared to 1 year ago, PXD has an improved debt to assets ratio.
PXD Yearly Shares OutstandingPXD Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

  • An Altman-Z score of 4.20 indicates that PXD is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of PXD (4.20) is better 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.
  • 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.
  • The Debt to Equity ratio of PXD (0.21) is better than 67.44% of its industry peers.
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 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 0.88 indicates that PXD may have some problems paying 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.
  • 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 worse Quick ratio (0.72) than 71.16% of its industry peers.
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 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. PXD Growth Analysis

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%.
  • 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

  • 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.
  • 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 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20 30

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4

4. PXD Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.97, PXD is valued correctly.
  • PXD's Price/Earnings is on the same level as the industry average.
  • PXD is valuated cheaply when we compare the Price/Earnings ratio to 27.66, 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.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PXD is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.00, PXD is valued rather cheaply.
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 10 20 30

4.2 Price Multiples

  • PXD's Enterprise Value to EBITDA is on the same level as 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 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%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PXD Dividend Analysis

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 3.26, 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 1.81.
Industry RankSector 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 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 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 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

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PXD Fundamentals: All Metrics, Ratios and Statistics

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
Earnings (Next)07-30
Inst Owners7.51%
Inst Owner Change0%
Ins Owners0.34%
Ins Owner Change0%
Market Cap62.99B
Revenue(TTM)19.37B
Net Income(TTM)4.88B
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
Graham Number0 (-100%)
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%
ROICexgc growth 3Y90.31%
ROICexgc 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%

PIONEER NATURAL RESOURCES CO / PXD Fundamental Analysis 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 for PXD stock?

ChartMill assigns a valuation rating of 4 / 10 to PIONEER NATURAL RESOURCES CO (PXD). This can be considered as Fairly Valued.


How profitable is PIONEER NATURAL RESOURCES CO (PXD) stock?

PIONEER NATURAL RESOURCES CO (PXD) has a profitability rating of 6 / 10.


What is the valuation of PIONEER NATURAL RESOURCES CO based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PIONEER NATURAL RESOURCES CO (PXD) is 12.97 and the Price/Book (PB) ratio is 2.72.


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.