BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
4.7 CAD
+0.09 (+1.95%)
We assign a fundamental rating of 5 out of 10 to BTE. BTE was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. BTE has only an average score on both its financial health and profitability. BTE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
BTE had positive earnings in the past year.
In the past year BTE had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: BTE reported negative net income in multiple years.
In the past 5 years BTE always reported a positive cash flow from operatings.
1.2 Ratios
BTE has a Return On Assets of 2.82%. This is in the better half of the industry: BTE outperforms 72.04% of its industry peers.
BTE's Return On Equity of 5.12% is in line compared to the rest of the industry. BTE outperforms 58.77% of its industry peers.
The Return On Invested Capital of BTE (5.61%) is better than 77.73% of its industry peers.
BTE had an Average Return On Invested Capital over the past 3 years of 8.42%. This is in line with the industry average of 6.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.12% | ||
| ROIC | 5.61% |
ROA(3y)5.56%
ROA(5y)-4.3%
ROE(3y)9.27%
ROE(5y)-64.21%
ROIC(3y)8.42%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of BTE (7.02%) is better than 60.66% of its industry peers.
BTE's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 20.16%, BTE is doing good in the industry, outperforming 75.83% of the companies in the same industry.
In the last couple of years the Operating Margin of BTE has grown nicely.
BTE has a better Gross Margin (79.89%) than 94.31% of its industry peers.
BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.16% | ||
| PM (TTM) | 7.02% | ||
| GM | 79.89% |
OM growth 3Y-12.27%
OM growth 5Y17.02%
PM growth 3Y-59.31%
PM growth 5YN/A
GM growth 3Y1.18%
GM growth 5Y1.87%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so BTE is still creating some value.
Compared to 1 year ago, BTE has less shares outstanding
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.
2.2 Solvency
BTE has an Altman-Z score of 0.67. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of BTE (0.67) is comparable to the rest of the industry.
The Debt to FCF ratio of BTE is 4.80, which is a neutral value as it means it would take BTE, 4.80 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of BTE (4.80) is better than 81.04% 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.
BTE has a Debt to Equity ratio (0.48) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.67 |
ROIC/WACC0.75
WACC7.47%
2.3 Liquidity
BTE has a Current Ratio of 0.58. This is a bad value and indicates that BTE is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.58, BTE is doing worse than 63.98% of the companies in the same industry.
BTE has a Quick Ratio of 0.58. This is a bad value and indicates that BTE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.58, BTE perfoms like the industry average, outperforming 43.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 168.29% over the past year.
Measured over the past years, BTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -32.67% on average per year.
The Revenue has decreased by -8.89% in the past year.
BTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.51% yearly.
EPS 1Y (TTM)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
3.2 Future
The Earnings Per Share is expected to decrease by -36.56% on average over the next years. This is quite bad
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.56%
Revenue Next Year-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
Revenue Next 5Y1.69%
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 stable.
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
The Price/Earnings ratio is 16.79, which indicates a correct valuation of BTE.
Based on the Price/Earnings ratio, BTE is valued a bit cheaper than 65.88% of the companies in the same industry.
When comparing the Price/Earnings ratio of BTE to the average of the S&P500 Index (27.25), we can say BTE is valued slightly cheaper.
The Price/Forward Earnings ratio is 82.12, 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 82.12 |
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 93.36% 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 87.68% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.6 | ||
| EV/EBITDA | 2.92 |
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 cheap valuation may be justified as BTE's earnings are expected to decrease with -42.94% in the coming years.
PEG (NY)1.73
PEG (5Y)N/A
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 1.96%. Purely for dividend investing, there may be better candidates out there.
BTE's Dividend Yield is a higher than the industry average which is at 2.71.
BTE's Dividend Yield is comparable with the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
5.2 History
The dividend of BTE decreases each year by -45.77%.
BTE has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of BTE decreased recently.
Dividend Growth(5Y)-45.77%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.39% of the earnings are spent on dividend by BTE. This is a low number and sustainable payout ratio.
BTE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP32.39%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
TSX:BTE (1/12/2026, 7:00:00 PM)
4.7
+0.09 (+1.95%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners30.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap3.61B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts74.67
Price Target4.99 (6.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.96% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)0%
PT rev (3m)22.39%
EPS NQ rev (1m)800%
EPS NQ rev (3m)187.5%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.53%
Revenue NQ rev (1m)3.65%
Revenue NQ rev (3m)0.04%
Revenue NY rev (1m)-3.27%
Revenue NY rev (3m)-20.94%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 82.12 | ||
| P/S | 1.18 | ||
| P/FCF | 8.6 | ||
| P/OCF | 2.09 | ||
| P/B | 0.86 | ||
| P/tB | 0.86 | ||
| EV/EBITDA | 2.92 |
EPS(TTM)0.28
EY5.96%
EPS(NY)0.06
Fwd EY1.22%
FCF(TTM)0.55
FCFY11.62%
OCF(TTM)2.25
OCFY47.83%
SpS3.98
BVpS5.45
TBVpS5.45
PEG (NY)1.73
PEG (5Y)N/A
Graham Number5.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.12% | ||
| ROCE | 8.85% | ||
| ROIC | 5.61% | ||
| ROICexc | 5.62% | ||
| ROICexgc | 5.62% | ||
| OM | 20.16% | ||
| PM (TTM) | 7.02% | ||
| GM | 79.89% | ||
| FCFM | 13.73% |
ROA(3y)5.56%
ROA(5y)-4.3%
ROE(3y)9.27%
ROE(5y)-64.21%
ROIC(3y)8.42%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)13.28%
ROCE(5y)N/A
ROICexgc growth 3Y-2.67%
ROICexgc growth 5Y31.22%
ROICexc growth 3Y-2.67%
ROICexc growth 5Y31.22%
OM growth 3Y-12.27%
OM growth 5Y17.02%
PM growth 3Y-59.31%
PM growth 5YN/A
GM growth 3Y1.18%
GM growth 5Y1.87%
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector 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 | 0.67 |
F-Score6
WACC7.47%
ROIC/WACC0.75
Cap/Depr(3y)94.96%
Cap/Depr(5y)82.19%
Cap/Sales(3y)33.65%
Cap/Sales(5y)31.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)168.29%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-82.61%
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.56%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-16.66%
Revenue Next 2Y-31.8%
Revenue Next 3Y-11.45%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year70.26%
EBIT Next 3Y-11.36%
EBIT Next 5Y-7.6%
FCF growth 1Y110.83%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y53.56%
OCF growth 3Y38.88%
OCF growth 5Y17.98%
BAYTEX ENERGY CORP / BTE.CA 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 16.79 and the Price/Book (PB) ratio is 0.86.
How financially healthy is BAYTEX ENERGY CORP?
The financial health rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10.