BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:BTE - CA07317Q1054 - Common Stock
4.29 CAD
+0.1 (+2.39%)
We assign a fundamental rating of 5 out of 10 to BTE. BTE was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. BTE has an average financial health and profitability rating. BTE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BTE was profitable.
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
Looking at the Return On Assets, with a value of 2.82%, BTE is in the better half of the industry, outperforming 70.87% of the companies in the same industry.
Looking at the Return On Equity, with a value of 5.12%, BTE is in line with its industry, outperforming 57.77% of the companies in the same industry.
BTE has a better Return On Invested Capital (5.61%) than 76.21% 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 6.55%.
| 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 comparable to the rest of the industry.
In the last couple of years the Profit Margin of BTE has declined.
BTE has a Operating Margin of 20.16%. This is in the better half of the industry: BTE outperforms 75.24% of its industry peers.
BTE's Operating Margin has improved in the last couple of years.
BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 94.17% 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.
The number of shares outstanding for BTE has been reduced compared to 1 year ago.
The number of shares outstanding for BTE has been increased compared to 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 0.60, we must say that BTE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.60, BTE perfoms like the industry average, outperforming 52.91% of the companies in the same 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.
BTE's Debt to FCF ratio of 4.80 is amongst the best of the industry. BTE outperforms 83.01% 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.
Looking at the Debt to Equity ratio, with a value of 0.48, BTE is in line with its industry, outperforming 48.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.6 |
ROIC/WACC0.73
WACC7.67%
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.
With a Current ratio value of 0.58, BTE is not doing good in the industry: 65.53% of the companies in the same industry are doing better.
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.
The Quick ratio of BTE (0.58) is comparable to the rest of the 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.
Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -8.89% in the last year.
The Revenue has been growing by 17.51% on average over the past years. This is quite good.
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
Based on estimates for the next years, BTE will show a very negative growth in Earnings Per Share. The EPS will decrease by -36.26% on average per year.
Based on estimates for the next years, BTE will show a small growth in Revenue. The Revenue will grow by 1.69% on average per year.
EPS Next Y9.71%
EPS Next 2Y-55.57%
EPS Next 3Y-42.94%
EPS Next 5Y-36.26%
Revenue Next Year-13.84%
Revenue Next 2Y-22.15%
Revenue Next 3Y-11.45%
Revenue Next 5Y1.69%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 15.32, which indicates a correct valuation of BTE.
65.53% of the companies in the same industry are more expensive than BTE, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.38. BTE is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 74.95, which means the current valuation is very expensive for BTE.
BTE's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.83. BTE is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.32 | ||
| Fwd PE | 74.95 |
4.2 Price Multiples
BTE's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. BTE is cheaper than 94.66% of the companies in the same industry.
88.83% of the companies in the same industry are more expensive than BTE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.85 | ||
| EV/EBITDA | 2.72 |
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.
BTE's earnings are expected to decrease with -42.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)1.58
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 2.15%. 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 2.87.
Compared to an average S&P500 Dividend Yield of 1.87, BTE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
5.2 History
The dividend of BTE decreases each year by -45.77%.
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)-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 (12/19/2025, 7:00:00 PM)
4.29
+0.1 (+2.39%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners31.25%
Inst Owner ChangeN/A
Ins Owners0.56%
Ins Owner ChangeN/A
Market Cap3.30B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts74.67
Price Target4.99 (16.32%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.15% |
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)-400%
EPS NQ rev (3m)87.5%
EPS NY rev (1m)13.44%
EPS NY rev (3m)22.73%
Revenue NQ rev (1m)-3.48%
Revenue NQ rev (3m)-3.48%
Revenue NY rev (1m)1.66%
Revenue NY rev (3m)-18.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.32 | ||
| Fwd PE | 74.95 | ||
| P/S | 1.08 | ||
| P/FCF | 7.85 | ||
| P/OCF | 1.91 | ||
| P/B | 0.79 | ||
| P/tB | 0.79 | ||
| EV/EBITDA | 2.72 |
EPS(TTM)0.28
EY6.53%
EPS(NY)0.06
Fwd EY1.33%
FCF(TTM)0.55
FCFY12.73%
OCF(TTM)2.25
OCFY52.4%
SpS3.98
BVpS5.45
TBVpS5.45
PEG (NY)1.58
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 | 0.6 |
F-Score6
WACC7.67%
ROIC/WACC0.73
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-36.26%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
Revenue Next Year-13.84%
Revenue Next 2Y-22.15%
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-12.81%
EBIT Next 5Y-7.16%
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 15.32 and the Price/Book (PB) ratio is 0.79.
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 grow by 9.71% in the next year.