BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
4.46 CAD
-0.02 (-0.45%)
Taking everything into account, BTE scores 5 out of 10 in our fundamental rating. BTE was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of BTE get a neutral evaluation. Nothing too spectacular is happening here. BTE has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
BTE had positive earnings in the past year.
BTE had a positive operating cash flow in the past year.
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's Return On Assets of 2.82% is fine compared to the rest of the industry. BTE outperforms 71.70% of its industry peers.
BTE has a Return On Equity (5.12%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 5.61%, BTE is in the better half of the industry, outperforming 75.94% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTE is in line with the industry average of 6.73%.
| 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
BTE has a Profit Margin (7.02%) which is comparable to the rest of the industry.
BTE's Profit Margin has declined in the last couple of years.
BTE's Operating Margin of 20.16% is fine compared to the rest of the industry. BTE outperforms 73.58% of its industry peers.
In the last couple of years the Operating Margin of BTE has grown nicely.
BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 93.87% of its industry peers.
In the last couple of years the Gross Margin of BTE has grown nicely.
| 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
BTE has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BTE has less shares outstanding than it did 1 year ago.
BTE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, BTE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.64, we must say that BTE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.64, BTE perfoms like the industry average, outperforming 51.42% of the companies in the same industry.
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.
The Debt to FCF ratio of BTE (4.80) is better than 82.08% of its industry peers.
A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
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 | 0.64 |
ROIC/WACC0.72
WACC7.79%
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.
BTE has a worse Current ratio (0.58) than 67.45% of its industry peers.
A Quick Ratio of 0.58 indicates that BTE may have some problems paying its short term obligations.
BTE has a Quick ratio of 0.58. This is in the lower half of the industry: BTE underperforms 60.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.29%, which is quite impressive.
The earnings per share for BTE have been decreasing by -32.67% on average. This is quite bad
The Revenue has decreased by -8.89% in the past year.
Measured over the past years, BTE shows a quite strong growth in Revenue. The Revenue has been growing by 17.51% on average per year.
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
BTE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 0.26% yearly.
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y-3.29%
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
EPS Next 5Y0.26%
Revenue Next Year-15.25%
Revenue Next 2Y-9.43%
Revenue Next 3Y-3.54%
Revenue Next 5Y1.69%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
BTE is valuated correctly with a Price/Earnings ratio of 15.93.
Based on the Price/Earnings ratio, BTE is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
BTE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.45.
Based on the Price/Forward Earnings ratio of 54.30, the valuation of BTE can be described as expensive.
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 34.46, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 54.3 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaper than 94.34% of the companies 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 87.26% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.16 | ||
| EV/EBITDA | 2.83 |
4.3 Compensation for Growth
The decent profitability rating of BTE may justify a higher PE ratio.
A cheap valuation may be justified as BTE's earnings are expected to decrease with -32.58% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.01%, BTE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.74, BTE has a dividend in line with its industry peers.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
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.
BTE has decreased its dividend recently.
Dividend Growth(5Y)-45.77%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
BTE pays out 32.39% of its income as dividend. This is a sustainable payout ratio.
DP32.39%
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
TSX:BTE (11/21/2025, 7:00:00 PM)
4.46
-0.02 (-0.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners32.65%
Inst Owner ChangeN/A
Ins Owners0.6%
Ins Owner ChangeN/A
Market Cap3.43B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts70.67
Price Target4.99 (11.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.01% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-Date
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)22.39%
PT rev (3m)22.39%
EPS NQ rev (1m)87.5%
EPS NQ rev (3m)87.5%
EPS NY rev (1m)-12.32%
EPS NY rev (3m)8.18%
Revenue NQ rev (1m)-3.48%
Revenue NQ rev (3m)-3.48%
Revenue NY rev (1m)-19.6%
Revenue NY rev (3m)-19.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.93 | ||
| Fwd PE | 54.3 | ||
| P/S | 1.12 | ||
| P/FCF | 8.16 | ||
| P/OCF | 1.98 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 2.83 |
EPS(TTM)0.28
EY6.28%
EPS(NY)0.08
Fwd EY1.84%
FCF(TTM)0.55
FCFY12.25%
OCF(TTM)2.25
OCFY50.4%
SpS3.98
BVpS5.45
TBVpS5.45
PEG (NY)N/A
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 | 0.64 |
F-Score6
WACC7.79%
ROIC/WACC0.72
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 Y-3.29%
EPS Next 2Y-46.78%
EPS Next 3Y-32.58%
EPS Next 5Y0.26%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-15.25%
Revenue Next 2Y-9.43%
Revenue Next 3Y-3.54%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year73.98%
EBIT Next 3Y14.31%
EBIT Next 5Y11.78%
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 for BTE 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 15.93 and the Price/Book (PB) ratio is 0.82.
What is the expected EPS growth for BAYTEX ENERGY CORP (BTE.CA) stock?
The Earnings per Share (EPS) of BAYTEX ENERGY CORP (BTE.CA) is expected to decline by -3.29% in the next year.