BAYTEX ENERGY CORP (BTE.CA) Fundamental Analysis & Valuation
TSX:BTE • CA07317Q1054
5.43 CAD
0 (0%)
Last: Mar 5, 2026, 07:00 PM
This BTE.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, BTE scores 4 out of 10 in our fundamental rating. BTE was compared to 210 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 is quite expensive at the moment. It does show a decent growth rate.
1. BTE.CA Profitability Analysis
1.1 Basic Checks
- In the past year BTE has reported negative net income.
- 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's Return On Assets of 2.82% is in line compared to the rest of the industry. BTE outperforms 58.10% of its industry peers.
- BTE has a Return On Equity (5.12%) which is in line with its industry peers.
- The Return On Invested Capital of BTE (5.61%) is better than 78.10% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BTE is in line with the industry average of 6.66%.
| 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's Profit Margin of 7.02% is in line compared to the rest of the industry. BTE outperforms 60.00% of its industry peers.
- In the last couple of years the Profit Margin of BTE has declined.
- 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 grown nicely.
- BTE's Gross Margin of 79.89% is amongst the best of the industry. BTE outperforms 94.29% 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. BTE.CA Health Analysis
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.
- The number of shares outstanding for BTE has been reduced compared to 1 year ago.
- 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
- BTE has an Altman-Z score of 0.75. 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 (0.75) 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 has a Debt to FCF ratio of 4.80. This is amongst the best in the industry. BTE outperforms 82.86% 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 of 0.48. This is comparable to the rest of the industry: BTE outperforms 50.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 4.8 | ||
| Altman-Z | 0.75 |
ROIC/WACC0.79
WACC7.06%
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 65.71% of its industry peers.
- A Quick Ratio of 0.58 indicates that BTE may have some problems paying 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. 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 -132.04%.
- BTE shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -32.67% yearly.
- 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)-132.04%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-745.8%
Revenue 1Y (TTM)22.71%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-66.28%
3.2 Future
- BTE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -36.56% yearly.
- BTE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.69% yearly.
EPS Next Y23.64%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
EPS Next 5Y-36.56%
Revenue Next Year-17.65%
Revenue Next 2Y-42.2%
Revenue Next 3Y-23.29%
Revenue Next 5Y1.69%
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 stable.
- 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
- The Price/Earnings Ratio is negative for BTE. In the last year negative earnings were reported.
- With a Price/Forward Earnings ratio of 77.64, BTE can be considered very expensive at the moment.
- BTE's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.82, BTE is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 77.64 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BTE indicates a rather cheap valuation: BTE is cheaper than 94.76% of the companies listed in the same industry.
- 88.57% 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 | 9.73 | ||
| EV/EBITDA | 3.17 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- BTE's earnings are expected to decrease with -26.29% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
5. BTE.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 1.75%, BTE has a reasonable but not impressive dividend return.
- BTE's Dividend Yield is a higher than the industry average which is at 4.11.
- Compared to an average S&P500 Dividend Yield of 1.82, BTE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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.
- BTE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP32.39%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
BTE.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:BTE (3/5/2026, 7:00:00 PM)
5.43
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)03-04 2026-03-04/amc
Earnings (Next)N/A N/A
Inst Owners30.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap4.08B
Revenue(TTM)3.33B
Net Income(TTM)214.63M
Analysts70.67
Price Target5.05 (-7%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP32.39%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)0.74%
PT rev (3m)1.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)233.4%
EPS NY rev (1m)0%
EPS NY rev (3m)27.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.65%
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-2.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 77.64 | ||
| P/S | 1.34 | ||
| P/FCF | 9.73 | ||
| P/OCF | 2.36 | ||
| P/B | 0.97 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 3.17 |
EPS(TTM)-0.09
EYN/A
EPS(NY)0.07
Fwd EY1.29%
FCF(TTM)0.56
FCFY10.28%
OCF(TTM)2.3
OCFY42.31%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
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 | 0.75 |
F-Score6
WACC7.06%
ROIC/WACC0.79
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)-132.04%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%-745.8%
EPS Next Y23.64%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
EPS Next 5Y-36.56%
Revenue 1Y (TTM)22.71%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-66.28%
Revenue Next Year-17.65%
Revenue Next 2Y-42.2%
Revenue Next 3Y-23.29%
Revenue Next 5Y1.69%
EBIT growth 1Y-16.6%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year64.41%
EBIT Next 3Y-12.81%
EBIT Next 5Y-7.6%
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 4 / 10 to BTE.CA.
What is the valuation status of BAYTEX ENERGY CORP (BTE.CA) stock?
ChartMill assigns a valuation rating of 3 / 10 to BAYTEX ENERGY CORP (BTE.CA). This can be considered as Overvalued.
Can you provide the profitability details for BAYTEX ENERGY CORP?
BAYTEX ENERGY CORP (BTE.CA) has a profitability rating of 5 / 10.
Can you provide the financial health for BTE stock?
The financial health rating of BAYTEX ENERGY CORP (BTE.CA) is 4 / 10.