BAYTEX ENERGY CORP (BTE.CA) Fundamental Analysis & Valuation

TSX:BTE • CA07317Q1054

Current stock price

6.08 CAD
+0.08 (+1.33%)
Last:

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

6

1. BTE.CA Profitability Analysis

1.1 Basic Checks

  • BTE had positive earnings in the past year.
  • BTE had a positive operating cash flow in the past year.
  • In multiple years BTE reported negative net income over the last 5 years.
  • In the past 5 years BTE always reported a positive cash flow from operatings.
BTE.CA Yearly Net Income VS EBIT VS OCF VS FCFBTE.CA 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 2024 2025 0 1B -1B -2B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.82%, BTE is in line with its industry, outperforming 59.52% of the companies in the same industry.
  • BTE has a Return On Equity of 5.12%. This is comparable to the rest of the industry: BTE outperforms 60.00% of its industry peers.
  • The Return On Invested Capital of BTE (6.37%) is better than 86.19% of its industry peers.
  • BTE had an Average Return On Invested Capital over the past 3 years of 5.23%. This is in line with the industry average of 6.65%.
  • The last Return On Invested Capital (6.37%) for BTE is above the 3 year average (5.23%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROIC 6.37%
ROA(3y)-6.04%
ROA(5y)6.4%
ROE(3y)-8.57%
ROE(5y)15.1%
ROIC(3y)5.23%
ROIC(5y)7.67%
BTE.CA Yearly ROA, ROE, ROICBTE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300 -400

1.3 Margins

  • BTE has a better Profit Margin (7.02%) than 61.43% of its industry peers.
  • Looking at the Operating Margin, with a value of 20.16%, BTE is in the better half of the industry, outperforming 77.62% of the companies in the same industry.
  • In the last couple of years the Operating Margin of BTE has declined.
  • BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 94.29% of its industry peers.
  • In the last couple of years the Gross Margin of BTE has grown nicely.
Industry RankSector Rank
OM 20.16%
PM (TTM) 7.02%
GM 79.89%
OM growth 3Y-28.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.83%
GM growth 5Y5.52%
BTE.CA Yearly Profit, Operating, Gross MarginsBTE.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100 -100 -200 -300

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4

2. BTE.CA Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BTE is destroying value.
  • The number of shares outstanding for BTE has been reduced compared to 1 year ago.
  • BTE has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for BTE has been reduced compared to a year ago.
BTE.CA Yearly Shares OutstandingBTE.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
BTE.CA Yearly Total Debt VS Total AssetsBTE.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.84, we must say that BTE is in the distress zone and has some risk of bankruptcy.
  • BTE has a Altman-Z score (0.84) which is in line with its industry peers.
  • BTE has a debt to FCF ratio of 4.80. This is a neutral value as BTE would need 4.80 years to pay back of all of its debts.
  • BTE has a better Debt to FCF ratio (4.80) than 82.86% of its industry peers.
  • BTE has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.48, BTE perfoms like the industry average, outperforming 51.90% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.84
ROIC/WACC0.87
WACC7.31%
BTE.CA Yearly LT Debt VS Equity VS FCFBTE.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
  • With a Current ratio value of 0.58, BTE is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
  • A Quick Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.58, BTE is in line with its industry, outperforming 50.48% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.58
Quick Ratio 0.58
BTE.CA Yearly Current Assets VS Current LiabilitesBTE.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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

5

3. BTE.CA Growth Analysis

3.1 Past

  • The earnings per share for BTE have decreased strongly by -96.55% in the last year.
  • The earnings per share for BTE have been decreasing by -54.08% on average. This is quite bad
  • The Revenue has decreased by -8.19% in the past year.
  • The Revenue has been growing by 12.78% on average over the past years. This is quite good.
EPS 1Y (TTM)-96.55%
EPS 3Y-81.3%
EPS 5Y-54.08%
EPS Q2Q%-540%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y-13.97%
Revenue growth 5Y12.78%
Sales Q2Q%-25.29%

3.2 Future

  • BTE is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 95.31% yearly.
  • Based on estimates for the next years, BTE will show a quite strong growth in Revenue. The Revenue will grow by 9.09% on average per year.
EPS Next Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
EPS Next 5Y95.31%
Revenue Next Year-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
BTE.CA Yearly Revenue VS EstimatesBTE.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
BTE.CA Yearly EPS VS EstimatesBTE.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -2 -4

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5

4. BTE.CA Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 608.00, BTE can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as BTE.
  • BTE is valuated expensively when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 89.18, which means the current valuation is very expensive for BTE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of BTE to the average of the S&P500 Index (22.10), we can say BTE is valued expensively.
Industry RankSector Rank
PE 608
Fwd PE 89.18
BTE.CA Price Earnings VS Forward Price EarningsBTE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 200 400 600

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 95.71% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 86.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.89
EV/EBITDA 3.42
BTE.CA Per share dataBTE.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • BTE's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • BTE has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as BTE's earnings are expected to grow with 59.53% in the coming years.
PEG (NY)1.05
PEG (5Y)N/A
EPS Next 2Y240.81%
EPS Next 3Y59.53%

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

4

5. BTE.CA Dividend Analysis

5.1 Amount

  • BTE has a Yearly Dividend Yield of 1.54%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 4.54, BTE pays a bit more dividend than its industry peers.
  • BTE's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.54%

5.2 History

  • The dividend of BTE decreases each year by -46.71%.
  • BTE has been paying a dividend for at least 10 years, so it has a reliable track record.
  • BTE has decreased its dividend recently.
Dividend Growth(5Y)-46.71%
Div Incr Years1
Div Non Decr Years1
BTE.CA Yearly Dividends per shareBTE.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 2026 0.02 0.04 0.06

5.3 Sustainability

  • BTE pays out 32.39% of its income as dividend. This is a sustainable payout ratio.
DP32.39%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
BTE.CA Yearly Income VS Free CF VS DividendBTE.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B -2B
BTE.CA Dividend Payout.BTE.CA Dividend Payout, showing the Payout Ratio.BTE.CA Dividend Payout.PayoutRetained Earnings

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BTE.CA Fundamentals: All Metrics, Ratios and Statistics

BAYTEX ENERGY CORP

TSX:BTE (3/30/2026, 7:00:00 PM)

6.08

+0.08 (+1.33%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04
Earnings (Next)05-07
Inst Owners35.83%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap4.57B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts70.67
Price Target5.24 (-13.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.54%
Yearly Dividend0.09
Dividend Growth(5Y)-46.71%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date03-13
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)357.79%
Min EPS beat(2)155.51%
Max EPS beat(2)560.07%
EPS beat(4)2
Avg EPS beat(4)135.46%
Min EPS beat(4)-151.21%
Max EPS beat(4)560.07%
EPS beat(8)2
Avg EPS beat(8)-24.53%
EPS beat(12)4
Avg EPS beat(12)24.64%
EPS beat(16)7
Avg EPS beat(16)70.75%
Revenue beat(2)1
Avg Revenue beat(2)6.57%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)13.99%
Revenue beat(4)2
Avg Revenue beat(4)4.86%
Min Revenue beat(4)-0.85%
Max Revenue beat(4)13.99%
Revenue beat(8)4
Avg Revenue beat(8)1.8%
Revenue beat(12)6
Avg Revenue beat(12)-0.77%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)3.67%
PT rev (3m)4.92%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-80.94%
EPS NY rev (1m)-2.53%
EPS NY rev (3m)19.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-28.17%
Valuation
Industry RankSector Rank
PE 608
Fwd PE 89.18
P/S 1.5
P/FCF 10.89
P/OCF 2.65
P/B 1.09
P/tB 1.09
EV/EBITDA 3.42
EPS(TTM)0.01
EY0.16%
EPS(NY)0.07
Fwd EY1.12%
FCF(TTM)0.56
FCFY9.18%
OCF(TTM)2.3
OCFY37.78%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)1.05
PEG (5Y)N/A
Graham Number1.12
Profitability
Industry RankSector Rank
ROA 2.82%
ROE 5.12%
ROCE 8.85%
ROIC 6.37%
ROICexc 6.38%
ROICexgc 6.38%
OM 20.16%
PM (TTM) 7.02%
GM 79.89%
FCFM 13.73%
ROA(3y)-6.04%
ROA(5y)6.4%
ROE(3y)-8.57%
ROE(5y)15.1%
ROIC(3y)5.23%
ROIC(5y)7.67%
ROICexc(3y)6.08%
ROICexc(5y)8.18%
ROICexgc(3y)6.08%
ROICexgc(5y)8.18%
ROCE(3y)7.26%
ROCE(5y)10.65%
ROICexgc growth 3Y-17.88%
ROICexgc growth 5YN/A
ROICexc growth 3Y-17.88%
ROICexc growth 5YN/A
OM growth 3Y-28.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.83%
GM growth 5Y5.52%
F-Score6
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Debt/EBITDA 1.04
Cap/Depr 100.3%
Cap/Sales 42.77%
Interest Coverage 3.36
Cash Conversion 89.97%
Profit Quality 195.57%
Current Ratio 0.58
Quick Ratio 0.58
Altman-Z 0.84
F-Score6
WACC7.31%
ROIC/WACC0.87
Cap/Depr(3y)97.9%
Cap/Depr(5y)90.19%
Cap/Sales(3y)68.06%
Cap/Sales(5y)49.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-96.55%
EPS 3Y-81.3%
EPS 5Y-54.08%
EPS Q2Q%-540%
EPS Next Y581.75%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
EPS Next 5Y95.31%
Revenue 1Y (TTM)-8.19%
Revenue growth 3Y-13.97%
Revenue growth 5Y12.78%
Sales Q2Q%-25.29%
Revenue Next Year-59.43%
Revenue Next 2Y-25.97%
Revenue Next 3Y9.09%
Revenue Next 5YN/A
EBIT growth 1Y-16.6%
EBIT growth 3Y-38.08%
EBIT growth 5YN/A
EBIT Next Year27.12%
EBIT Next 3Y11.54%
EBIT Next 5Y28.93%
FCF growth 1Y-27.09%
FCF growth 3Y-27.66%
FCF growth 5Y28.35%
OCF growth 1Y-9.75%
OCF growth 3Y8.21%
OCF growth 5Y33.3%

BAYTEX ENERGY CORP / BTE.CA Fundamental Analysis FAQ

What is the fundamental rating for BTE stock?

ChartMill assigns a fundamental rating of 5 / 10 to BTE.CA.


What is the valuation status of BAYTEX ENERGY CORP (BTE.CA) stock?

ChartMill assigns a valuation rating of 5 / 10 to BAYTEX ENERGY CORP (BTE.CA). This can be considered as Fairly Valued.


Can you provide the profitability details for BAYTEX ENERGY CORP?

BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for BTE stock?

The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 608 and the Price/Book (PB) ratio is 1.09.


How financially healthy is BAYTEX ENERGY CORP?

The financial health rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10.