BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis
TSX:BTE - Toronto Stock Exchange - CA07317Q1054 - Common Stock - Currency: CAD
Overall BTE gets a fundamental rating of 5 out of 10. We evaluated BTE against 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 not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
BTE had positive earnings in the past year.
BTE had a positive operating cash flow in the past year.
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
The Return On Assets of BTE (4.09%) is better than 75.71% of its industry peers.
BTE has a Return On Equity of 7.62%. This is in the better half of the industry: BTE outperforms 60.95% of its industry peers.
The Return On Invested Capital of BTE (7.36%) is better than 75.71% 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 7.31%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 7.62% | ||
| ROIC | 7.36% |
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 9.57%, BTE is doing good in the industry, outperforming 62.38% of the companies in the same industry.
In the last couple of years the Profit Margin of BTE has declined.
BTE's Operating Margin of 24.87% is fine compared to the rest of the industry. BTE outperforms 73.81% of its industry peers.
In the last couple of years the Operating Margin of BTE has grown nicely.
BTE's Gross Margin of 81.22% is amongst the best of the industry. BTE outperforms 94.76% of its industry peers.
In the last couple of years the Gross Margin of BTE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.87% | ||
| PM (TTM) | 9.57% | ||
| GM | 81.22% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), BTE is 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.
The debt/assets ratio for BTE has been reduced compared to a year ago.
2.2 Solvency
BTE has an Altman-Z score of 0.46. 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 (0.46) which is in line with its industry peers.
BTE has a debt to FCF ratio of 3.21. This is a good value and a sign of high solvency as BTE would need 3.21 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 3.21, BTE belongs to the best of the industry, outperforming 80.48% of the companies in the same industry.
BTE has a Debt/Equity ratio of 0.52. This is a neutral value indicating BTE is somewhat dependend on debt financing.
The Debt to Equity ratio of BTE (0.52) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 3.21 | ||
| Altman-Z | 0.46 |
ROIC/WACC0.89
WACC8.28%
2.3 Liquidity
A Current Ratio of 0.63 indicates that BTE may have some problems paying its short term obligations.
BTE has a worse Current ratio (0.63) than 71.90% of its industry peers.
A Quick Ratio of 0.63 indicates that BTE may have some problems paying its short term obligations.
BTE's Quick ratio of 0.63 is in line compared to the rest of the industry. BTE outperforms 40.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 253.85%, which is quite impressive.
The earnings per share for BTE have been decreasing by -32.67% on average. This is quite bad
Looking at the last year, BTE shows a quite strong growth in Revenue. The Revenue has grown by 10.55% 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)253.85%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%550%
Revenue 1Y (TTM)10.55%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%1.52%
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 -32.26% on average per year.
The Revenue is expected to grow by 1.69% on average over the next years.
EPS Next Y-7.71%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
EPS Next 5YN/A
Revenue Next Year10.28%
Revenue Next 2Y-1.32%
Revenue Next 3Y-0.46%
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 6.27, which indicates a rather cheap valuation of BTE.
Based on the Price/Earnings ratio, BTE is valued cheaper than 88.57% of the companies in the same industry.
When comparing the Price/Earnings ratio of BTE to the average of the S&P500 Index (27.45), we can say BTE is valued rather cheaply.
The Price/Forward Earnings ratio is 497.03, which means the current valuation is very expensive for BTE.
The rest of the industry has a similar Price/Forward Earnings ratio as BTE.
When comparing the Price/Forward Earnings ratio of BTE to the average of the S&P500 Index (21.90), we can say BTE is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.28 | ||
| Fwd PE | 497.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaper than 95.24% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, BTE is valued cheaply inside the industry as 97.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.82 | ||
| EV/EBITDA | 1.88 |
4.3 Compensation for Growth
The decent profitability rating of BTE may justify a higher PE ratio.
BTE's earnings are expected to decrease with -32.26% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
5. Dividend
5.1 Amount
BTE has a Yearly Dividend Yield of 3.59%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.26, BTE pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, BTE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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
BTE pays out 22.10% 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.
DP22.1%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
TSX:BTE (7/4/2025, 7:00:00 PM)
2.51
0 (0%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners32.77%
Inst Owner ChangeN/A
Ins Owners0.67%
Ins Owner ChangeN/A
Market Cap1.93B
Analysts71.43
Price Target4.05 (61.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
Yearly Dividend0.09
Dividend Growth(5Y)-45.77%
DP22.1%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-86.86%
Min EPS beat(2)-151.21%
Max EPS beat(2)-22.51%
EPS beat(4)0
Avg EPS beat(4)-55.34%
Min EPS beat(4)-151.21%
Max EPS beat(4)-19.55%
EPS beat(8)1
Avg EPS beat(8)-92.41%
EPS beat(12)4
Avg EPS beat(12)-20.72%
EPS beat(16)5
Avg EPS beat(16)14.79%
Revenue beat(2)1
Avg Revenue beat(2)3.16%
Min Revenue beat(2)-0.39%
Max Revenue beat(2)6.7%
Revenue beat(4)2
Avg Revenue beat(4)3.65%
Min Revenue beat(4)-0.39%
Max Revenue beat(4)8.33%
Revenue beat(8)5
Avg Revenue beat(8)1.06%
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)-9.14%
PT rev (3m)-26.39%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-76.92%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-17.44%
Revenue NY rev (1m)0%
Revenue NY rev (3m)18.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.28 | ||
| Fwd PE | 497.03 | ||
| P/S | 0.58 | ||
| P/FCF | 2.82 | ||
| P/OCF | 0.99 | ||
| P/B | 0.46 | ||
| P/tB | 0.46 | ||
| EV/EBITDA | 1.88 |
EPS(TTM)0.4
EY15.94%
EPS(NY)0.01
Fwd EY0.2%
FCF(TTM)0.89
FCFY35.49%
OCF(TTM)2.54
OCFY101.36%
SpS4.35
BVpS5.47
TBVpS5.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.09% | ||
| ROE | 7.62% | ||
| ROCE | 11.62% | ||
| ROIC | 7.36% | ||
| ROICexc | 7.37% | ||
| ROICexgc | 7.37% | ||
| OM | 24.87% | ||
| PM (TTM) | 9.57% | ||
| GM | 81.22% | ||
| FCFM | 20.47% |
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
ROICexcg growth 3Y-2.67%
ROICexcg 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-Score8
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.52 | ||
| Debt/FCF | 3.21 | ||
| Debt/EBITDA | 1 | ||
| Cap/Depr | 93.35% | ||
| Cap/Sales | 38% | ||
| Interest Coverage | 3.81 | ||
| Cash Conversion | 89.16% | ||
| Profit Quality | 213.81% | ||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 0.46 |
F-Score8
WACC8.28%
ROIC/WACC0.89
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)253.85%
EPS 3Y-32.67%
EPS 5YN/A
EPS Q2Q%550%
EPS Next Y-7.71%
EPS Next 2Y-86.8%
EPS Next 3Y-32.26%
EPS Next 5YN/A
Revenue 1Y (TTM)10.55%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%1.52%
Revenue Next Year10.28%
Revenue Next 2Y-1.32%
Revenue Next 3Y-0.46%
Revenue Next 5Y1.69%
EBIT growth 1Y20.69%
EBIT growth 3Y13.71%
EBIT growth 5Y37.51%
EBIT Next Year83.55%
EBIT Next 3Y11.46%
EBIT Next 5Y10.2%
FCF growth 1Y23.48%
FCF growth 3Y14.4%
FCF growth 5Y16.36%
OCF growth 1Y68.77%
OCF growth 3Y38.88%
OCF growth 5Y17.98%