BAYTEX ENERGY CORP (BTE.CA) Fundamental Analysis & Valuation
TSX:BTE • CA07317Q1054
Current stock price
6.14 CAD
+0.22 (+3.72%)
Last:
This BTE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. BTE.CA Profitability Analysis
1.1 Basic Checks
- In the past year BTE was profitable.
- In the past year BTE had a positive cash flow from operations.
- In multiple years BTE reported negative net income over the last 5 years.
- BTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of BTE (2.82%) is comparable to the rest of the industry.
- Looking at the Return On Equity, with a value of 5.12%, BTE is in the better half of the industry, outperforming 60.48% of the companies in the same industry.
- BTE has a better Return On Invested Capital (6.37%) than 86.19% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for BTE is in line with the industry average of 6.90%.
- The 3 year average ROIC (5.23%) for BTE is below the current ROIC(6.37%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- BTE's Profit Margin of 7.02% is fine compared to the rest of the industry. BTE outperforms 61.90% 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 76.67% of the companies in the same industry.
- In the last couple of years the Operating Margin of BTE has declined.
- BTE has a Gross Margin of 79.89%. This is amongst the best in the industry. BTE outperforms 93.81% 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-28.02%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.83%
GM growth 5Y5.52%
2. BTE.CA Health Analysis
2.1 Basic Checks
- BTE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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
- BTE has an Altman-Z score of 0.85. This is a bad value and indicates that BTE is not financially healthy and even has some risk of bankruptcy.
- BTE has a Altman-Z score (0.85) 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's Debt to FCF ratio of 4.80 is amongst the best of the industry. BTE outperforms 83.33% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that BTE is not too dependend on debt financing.
- BTE's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. BTE outperforms 52.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.85 |
ROIC/WACC0.87
WACC7.31%
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 69.52% 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.
- BTE's Quick ratio of 0.58 is in line compared to the rest of the industry. BTE outperforms 50.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. BTE.CA Growth Analysis
3.1 Past
- BTE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -96.55%.
- BTE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -54.08% yearly.
- Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -8.19% in the last year.
- BTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.78% yearly.
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-51.46%
Revenue Next 2Y-27.62%
Revenue Next 3Y9.09%
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 accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. BTE.CA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 614.00, the valuation of BTE can be described as expensive.
- The rest of the industry has a similar Price/Earnings ratio as BTE.
- The average S&P500 Price/Earnings ratio is at 26.21. BTE is valued rather expensively when compared to this.
- With a Price/Forward Earnings ratio of 90.06, BTE can be considered very expensive at the moment.
- BTE's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 614 | ||
| Fwd PE | 90.06 |
4.2 Price Multiples
- 95.24% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
- Based on the Price/Free Cash Flow ratio, BTE is valued cheaper than 87.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11 | ||
| EV/EBITDA | 3.45 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of BTE 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)1.06
PEG (5Y)N/A
EPS Next 2Y240.81%
EPS Next 3Y59.53%
5. BTE.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.50%, BTE has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 4.07, BTE pays a bit more dividend than its industry peers.
- BTE's Dividend Yield is slightly below the S&P500 average, which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
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 in the last 3 years.
Dividend Growth(5Y)-46.71%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
- 32.39% of the earnings are spent on dividend by BTE. This is a low number and sustainable payout ratio.
DP32.39%
EPS Next 2Y240.81%
EPS Next 3Y59.53%
BTE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BTE (4/6/2026, 7:00:00 PM)
6.14
+0.22 (+3.72%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04 2026-03-04/amc
Earnings (Next)05-07 2026-05-07
Inst Owners35.83%
Inst Owner ChangeN/A
Ins Owners0.61%
Ins Owner ChangeN/A
Market Cap4.62B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts69.33
Price Target5.24 (-14.66%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.5% |
Yearly Dividend0.09
Dividend Growth(5Y)-46.71%
DP32.39%
Div Incr Years0
Div Non Decr Years2
Ex-Date03-13 2026-03-13 (0.0225)
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)0%
EPS NY rev (3m)19.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)19.65%
Revenue NY rev (3m)-14.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 614 | ||
| Fwd PE | 90.06 | ||
| P/S | 1.51 | ||
| P/FCF | 11 | ||
| P/OCF | 2.67 | ||
| P/B | 1.1 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 3.45 |
EPS(TTM)0.01
EY0.16%
EPS(NY)0.07
Fwd EY1.11%
FCF(TTM)0.56
FCFY9.09%
OCF(TTM)2.3
OCFY37.42%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)1.06
PEG (5Y)N/A
Graham Number1.12
Profitability
| Industry Rank | Sector 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 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 | 0.85 |
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-51.46%
Revenue Next 2Y-27.62%
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.
What is the profitability of BTE stock?
BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BAYTEX ENERGY CORP (BTE.CA) stock?
The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 614 and the Price/Book (PB) ratio is 1.1.
Is the dividend of BAYTEX ENERGY CORP sustainable?
The dividend rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10 and the dividend payout ratio is 32.39%.