ANTERO RESOURCES CORP (AR)
US03674X1063 - Common Stock
AR gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 204 industry peers in the Oil, Gas & Consumable Fuels industry. AR may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, AR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
AR had negative earnings in the past year.
AR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: AR reported negative net income in multiple years.
In the past 5 years AR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AR (0.34%) is worse than 77.34% of its industry peers.
With a Return On Equity value of 0.64%, AR is not doing good in the industry: 74.88% of the companies in the same industry are doing better.
The Return On Invested Capital of AR (1.27%) is worse than 78.82% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AR is significantly below the industry average of 22.54%.
The last Return On Invested Capital (1.27%) for AR is well below the 3 year average (7.59%), which needs to be investigated, but indicates that AR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.64% | ||
| ROIC | 1.27% |
ROA(3y)4.63%
ROA(5y)0.4%
ROE(3y)9.45%
ROE(5y)0.3%
ROIC(3y)7.59%
ROIC(5y)N/A
1.3 Margins
AR's Profit Margin of 1.03% is on the low side compared to the rest of the industry. AR is outperformed by 74.38% of its industry peers.
AR has a worse Operating Margin (4.25%) than 75.86% of its industry peers.
AR's Operating Margin has declined in the last couple of years.
AR has a better Gross Margin (70.43%) than 77.34% of its industry peers.
AR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.25% | ||
| PM (TTM) | 1.03% | ||
| GM | 70.43% |
OM growth 3YN/A
OM growth 5Y-4.85%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.86%
GM growth 5Y3.36%
2. Health
2.1 Basic Checks
AR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for AR has been increased compared to 1 year ago.
AR has less shares outstanding than it did 5 years ago.
The debt/assets ratio for AR is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.40, we must say that AR is in the distress zone and has some risk of bankruptcy.
AR has a Altman-Z score of 1.40. This is comparable to the rest of the industry: AR outperforms 45.81% of its industry peers.
The Debt to FCF ratio of AR is 21.62, which is on the high side as it means it would take AR, 21.62 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 21.62, AR is doing worse than 63.05% of the companies in the same industry.
A Debt/Equity ratio of 0.23 indicates that AR is not too dependend on debt financing.
AR has a better Debt to Equity ratio (0.23) than 65.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | 21.62 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.14
WACC8.79%
2.3 Liquidity
AR has a Current Ratio of 0.28. This is a bad value and indicates that AR is not financially healthy enough and could expect problems in meeting its short term obligations.
AR has a Current ratio of 0.28. This is amonst the worse of the industry: AR underperforms 93.10% of its industry peers.
AR has a Quick Ratio of 0.28. This is a bad value and indicates that AR is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.28, AR is doing worse than 92.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 |
3. Growth
3.1 Past
AR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -100.75%.
AR shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.50% yearly.
AR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.93%.
AR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.49% yearly.
EPS 1Y (TTM)-100.75%
EPS 3YN/A
EPS 5Y-14.5%
EPS Q2Q%-250%
Revenue 1Y (TTM)-21.93%
Revenue growth 3Y10.27%
Revenue growth 5Y2.49%
Sales Q2Q%-7.87%
3.2 Future
AR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.23% yearly.
AR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.22% yearly.
EPS Next Y-67.92%
EPS Next 2Y104.44%
EPS Next 3Y75.21%
EPS Next 5Y33.23%
Revenue Next Year-6.24%
Revenue Next 2Y4.87%
Revenue Next 3Y5.67%
Revenue Next 5Y6.22%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for AR. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 15.08, AR is valued correctly.
AR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.82. AR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 15.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AR indicates a slightly more expensive valuation: AR is more expensive than 69.95% of the companies listed in the same industry.
66.50% of the companies in the same industry are cheaper than AR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 138.24 | ||
| EV/EBITDA | 13.64 |
4.3 Compensation for Growth
AR's earnings are expected to grow with 75.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y104.44%
EPS Next 3Y75.21%
5. Dividend
5.1 Amount
No dividends for AR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ANTERO RESOURCES CORP
NYSE:AR (11/21/2024, 8:12:42 PM)
After market: 33.39 -0.01 (-0.03%)33.4
+0.22 (+0.66%)
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 Cap10.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 | N/A | ||
| Fwd PE | 15.08 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.64% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.25% | ||
| PM (TTM) | 1.03% | ||
| GM | 70.43% | ||
| 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 Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.23 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.28 | ||
| Quick Ratio | 0.28 | ||
| 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)-100.75%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-67.92%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-21.93%
Revenue growth 3Y10.27%
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