BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
Canada - TSX:BTE - CA07317Q1054 - Common Stock
3.27 CAD
-0.08 (-2.39%)
BTE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 218 industry peers in the Oil, Gas & Consumable Fuels industry. While BTE belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. BTE is not valued too expensively and it also shows a decent 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.
BTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
BTE has a better Return On Assets (4.87%) than 83.94% of its industry peers.
Looking at the Return On Equity, with a value of 9.01%, BTE is in the better half of the industry, outperforming 64.22% of the companies in the same industry.
The Return On Invested Capital of BTE (6.34%) is better than 77.98% 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 6.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.01% | ||
| ROIC | 6.34% |
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
With a decent Profit Margin value of 11.64%, BTE is doing good in the industry, outperforming 72.48% of the companies in the same industry.
BTE's Profit Margin has declined in the last couple of years.
BTE has a Operating Margin of 21.97%. This is in the better half of the industry: BTE outperforms 74.77% of its industry peers.
BTE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 80.34%, BTE belongs to the top of the industry, outperforming 94.04% of the companies in the same industry.
In the last couple of years the Gross Margin of BTE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.97% | ||
| PM (TTM) | 11.64% | ||
| GM | 80.34% |
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
Based on the Altman-Z score of 0.54, we must say that BTE is in the distress zone and has some risk of bankruptcy.
BTE's Altman-Z score of 0.54 is in line compared to the rest of the industry. BTE outperforms 43.12% of its industry peers.
The Debt to FCF ratio of BTE is 4.09, which is a neutral value as it means it would take BTE, 4.09 years of fcf income to pay off all of its debts.
BTE's Debt to FCF ratio of 4.09 is amongst the best of the industry. BTE outperforms 83.49% of its industry peers.
A Debt/Equity ratio of 0.52 indicates that BTE is somewhat dependend on debt financing.
BTE's Debt to Equity ratio of 0.52 is in line compared to the rest of the industry. BTE outperforms 49.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Altman-Z | 0.54 |
ROIC/WACC0.82
WACC7.7%
2.3 Liquidity
BTE has a Current Ratio of 0.68. 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 0.68, BTE is doing worse than 64.68% of the companies in the same industry.
A Quick Ratio of 0.68 indicates that BTE may have some problems paying its short term obligations.
The Quick ratio of BTE (0.68) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.77%, which is quite impressive.
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 grown by 22.71% in the past year. This is a very strong growth!
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)168.77%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-81.76%
Revenue 1Y (TTM)22.71%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-17.52%
3.2 Future
The Earnings Per Share is expected to decrease by -25.99% on average over the next years. This is quite bad
BTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.69% yearly.
EPS Next Y10.29%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
EPS Next 5YN/A
Revenue Next Year5.41%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.3%
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 reasonably with a Price/Earnings ratio of 11.68.
Based on the Price/Earnings ratio, BTE is valued a bit cheaper than the industry average as 68.35% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.03. BTE is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 21.12, the valuation of BTE can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.27. BTE is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 21.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaply inside the industry as 95.41% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 94.50% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 4.83 | ||
| EV/EBITDA | 2.32 |
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 -25.99% in the coming years.
PEG (NY)1.14
PEG (5Y)N/A
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 2.84%. 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 5.34.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
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 19.01% of its income as dividend. This is a sustainable payout ratio.
BTE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP19.01%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
TSX:BTE (11/4/2025, 7:00:00 PM)
3.27
-0.08 (-2.39%)
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 Cap2.51B
Revenue(TTM)3.33B
Net Income(TTM)367.88M
Analysts71.43
Price Target4.08 (24.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.84% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP19.01%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)268.78%
Min EPS beat(2)-22.51%
Max EPS beat(2)560.07%
EPS beat(4)1
Avg EPS beat(4)89.56%
Min EPS beat(4)-151.21%
Max EPS beat(4)560.07%
EPS beat(8)1
Avg EPS beat(8)-48.31%
EPS beat(12)4
Avg EPS beat(12)24.13%
EPS beat(16)6
Avg EPS beat(16)58.69%
Revenue beat(2)2
Avg Revenue beat(2)10.34%
Min Revenue beat(2)6.7%
Max Revenue beat(2)13.99%
Revenue beat(4)2
Avg Revenue beat(4)5.07%
Min Revenue beat(4)-0.39%
Max Revenue beat(4)13.99%
Revenue beat(8)5
Avg Revenue beat(8)2.43%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0.63%
EPS NQ rev (1m)138.75%
EPS NQ rev (3m)-61.25%
EPS NY rev (1m)0%
EPS NY rev (3m)19.5%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-7.54%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.68 | ||
| Fwd PE | 21.12 | ||
| P/S | 0.79 | ||
| P/FCF | 4.83 | ||
| P/OCF | 1.39 | ||
| P/B | 0.62 | ||
| P/tB | 0.62 | ||
| EV/EBITDA | 2.32 |
EPS(TTM)0.28
EY8.56%
EPS(NY)0.15
Fwd EY4.74%
FCF(TTM)0.68
FCFY20.68%
OCF(TTM)2.35
OCFY71.83%
SpS4.11
BVpS5.32
TBVpS5.32
PEG (NY)1.14
PEG (5Y)N/A
Graham Number5.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.87% | ||
| ROE | 9.01% | ||
| ROCE | 10% | ||
| ROIC | 6.34% | ||
| ROICexc | 6.34% | ||
| ROICexgc | 6.34% | ||
| OM | 21.97% | ||
| PM (TTM) | 11.64% | ||
| GM | 80.34% | ||
| FCFM | 16.44% |
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-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 4.09 | ||
| Debt/EBITDA | 1.04 | ||
| Cap/Depr | 96.55% | ||
| Cap/Sales | 40.64% | ||
| Interest Coverage | 3.74 | ||
| Cash Conversion | 89.1% | ||
| Profit Quality | 141.26% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 0.54 |
F-Score7
WACC7.7%
ROIC/WACC0.82
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)168.77%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-81.76%
EPS Next Y10.29%
EPS Next 2Y-26.92%
EPS Next 3Y-25.99%
EPS Next 5YN/A
Revenue 1Y (TTM)22.71%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-17.52%
Revenue Next Year5.41%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.3%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.99%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year73.98%
EBIT Next 3Y14.31%
EBIT Next 5Y10.2%
FCF growth 1Y66.22%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y82.07%
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 6 / 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 7 / 10.
Can you provide the PE and PB ratios for BTE stock?
The Price/Earnings (PE) ratio for BAYTEX ENERGY CORP (BTE.CA) is 11.68 and the Price/Book (PB) ratio is 0.62.
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 10.29% in the next year.