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

TSX:BTE • CA07317Q1054

Current stock price

5.86 CAD
+0.08 (+1.38%)
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.
  • Each year in the past 5 years BTE had a positive operating cash flow.
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

  • The Return On Assets of BTE (2.82%) is comparable to the rest of the industry.
  • BTE has a Return On Equity (5.12%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.37%, BTE belongs to the top of the industry, outperforming 85.58% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for BTE is in line with the industry average of 6.78%.
  • The 3 year average ROIC (5.23%) for BTE is below the current ROIC(6.37%), indicating increased profibility in the last year.
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

  • With a decent Profit Margin value of 7.02%, BTE is doing good in the industry, outperforming 61.06% of the companies in the same industry.
  • The Operating Margin of BTE (20.16%) is better than 76.92% of its industry peers.
  • BTE's Operating Margin has declined in the last couple of years.
  • The Gross Margin of BTE (79.89%) is better than 94.23% of its industry peers.
  • BTE's Gross Margin has improved in the last couple of years.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BTE is destroying value.
  • Compared to 1 year ago, BTE has less shares outstanding
  • BTE has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, BTE has an improved debt to assets ratio.
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

  • BTE has an Altman-Z score of 0.81. 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 (0.81) 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.
  • BTE's Debt to FCF ratio of 4.80 is amongst the best of the industry. BTE outperforms 82.69% 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's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. BTE outperforms 50.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.81
ROIC/WACC0.87
WACC7.29%
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

  • 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.
  • The Current ratio of BTE (0.58) is worse than 71.15% 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 comparable to the rest of the industry: BTE outperforms 50.00% of its industry peers.
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
  • BTE shows a decrease in Revenue. In the last year, the revenue decreased by -8.19%.
  • 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

  • The Earnings Per Share is expected to grow by 95.31% on average over the next years. This is a very strong growth
  • BTE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.09% yearly.
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

  • 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.
  • 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.
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 586.00, BTE can be considered very expensive at the moment.
  • BTE's Price/Earnings ratio is in line with the industry average.
  • BTE is valuated expensively when we compare the Price/Earnings ratio to 24.88, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 85.96, the valuation of BTE can be described as expensive.
  • BTE's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. BTE is valued rather expensively when compared to this.
Industry RankSector Rank
PE 586
Fwd PE 85.96
BTE.CA Price Earnings VS Forward Price EarningsBTE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 100 200 300 400 500

4.2 Price Multiples

  • 95.19% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
  • 86.54% of the companies in the same industry are more expensive than BTE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 10.5
EV/EBITDA 3.34
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

  • 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.
  • BTE's earnings are expected to grow with 59.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
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 1.57%. 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 4.47.
  • BTE's Dividend Yield is comparable with the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.57%

5.2 History

  • The dividend of BTE decreases each year by -46.71%.
  • 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)-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

  • 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 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

More info and screens

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BTE.CA Fundamentals: All Metrics, Ratios and Statistics

BAYTEX ENERGY CORP

TSX:BTE (3/26/2026, 7:00:00 PM)

5.86

+0.08 (+1.38%)

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 Cap4.41B
Revenue(TTM)1.48B
Net Income(TTM)214.63M
Analysts70.67
Price Target5.05 (-13.82%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.57%
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)0%
PT rev (3m)1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)233.4%
EPS NY rev (1m)-2.53%
EPS NY rev (3m)19.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-44.87%
Valuation
Industry RankSector Rank
PE 586
Fwd PE 85.96
P/S 1.44
P/FCF 10.5
P/OCF 2.55
P/B 1.05
P/tB 1.05
EV/EBITDA 3.34
EPS(TTM)0.01
EY0.17%
EPS(NY)0.07
Fwd EY1.16%
FCF(TTM)0.56
FCFY9.53%
OCF(TTM)2.3
OCFY39.2%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)1.01
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 0.81
F-Score6
WACC7.29%
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 586 and the Price/Book (PB) ratio is 1.05.


How financially healthy is BAYTEX ENERGY CORP?

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