BAYTEX ENERGY CORP (BTE.CA) Stock Fundamental Analysis

TSX:BTE • CA07317Q1054

5.07 CAD
-0.11 (-2.12%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

BTE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 212 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 has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

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.
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 0 1B -1B -2B

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 66.04% of the companies in the same industry.
  • The Return On Equity of BTE (5.12%) is comparable to the rest of the industry.
  • The Return On Invested Capital of BTE (5.61%) is better than 78.30% of its industry peers.
  • BTE had an Average Return On Invested Capital over the past 3 years of 8.42%. This is in line with the industry average of 6.59%.
Industry RankSector 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
BTE.CA Yearly ROA, ROE, ROICBTE.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300 -400

1.3 Margins

  • BTE's Profit Margin of 7.02% is fine compared to the rest of the industry. BTE outperforms 61.32% of its industry peers.
  • 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 76.89% of its industry peers.
  • 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 94.34% of its industry peers.
  • In the last couple of years the Gross Margin of BTE has grown nicely.
Industry RankSector 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%
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 0 100 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

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.
  • BTE has less shares outstanding than it did 1 year ago.
  • 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 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 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.72, we must say that BTE is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of BTE (0.72) is comparable to the rest of the industry.
  • 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 83.02% 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 has a Debt to Equity ratio of 0.48. This is comparable to the rest of the industry: BTE outperforms 50.94% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 4.8
Altman-Z 0.72
ROIC/WACC0.8
WACC7.02%
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 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.
  • Looking at the Current ratio, with a value of 0.58, BTE is doing worse than 64.62% of the companies in the same industry.
  • 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 46.70% 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 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • BTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 168.29%, 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.
  • Looking at the last year, BTE shows a decrease in Revenue. The Revenue has decreased by -8.89% in the last year.
  • BTE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.51% yearly.
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

  • 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.
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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • BTE is valuated rather expensively with a Price/Earnings ratio of 18.11.
  • Compared to the rest of the industry, the Price/Earnings ratio of BTE indicates a somewhat cheap valuation: BTE is cheaper than 66.51% of the companies listed in the same industry.
  • BTE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.05.
  • The Price/Forward Earnings ratio is 72.49, which means the current valuation is very expensive for BTE.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE is on the same level as its industry peers.
  • BTE is valuated expensively when we compare the Price/Forward Earnings ratio to 28.03, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.11
Fwd PE 72.49
BTE.CA Price Earnings VS Forward Price EarningsBTE.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BTE is valued cheaper than 94.81% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, BTE is valued cheaply inside the industry as 88.68% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.08
EV/EBITDA 3.07
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

  • BTE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap 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 -26.29% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • BTE has a Yearly Dividend Yield of 1.73%. 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 3.99.
  • Compared to an average S&P500 Dividend Yield of 1.80, BTE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.73%

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
BTE.CA Yearly Dividends per shareBTE.CA Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 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.
  • 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 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 0 1B -1B -2B
BTE.CA Dividend Payout.BTE.CA Dividend Payout, showing the Payout Ratio.BTE.CA Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

BAYTEX ENERGY CORP

TSX:BTE (2/25/2026, 7:00:00 PM)

5.07

-0.11 (-2.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)10-30
Earnings (Next)03-03
Inst Owners30.8%
Inst Owner ChangeN/A
Ins Owners0.55%
Ins Owner ChangeN/A
Market Cap3.81B
Revenue(TTM)3.06B
Net Income(TTM)214.63M
Analysts70.67
Price Target5.05 (-0.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.73%
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 RankSector Rank
PE 18.11
Fwd PE 72.49
P/S 1.25
P/FCF 9.08
P/OCF 2.21
P/B 0.91
P/tB 0.91
EV/EBITDA 3.07
EPS(TTM)0.28
EY5.52%
EPS(NY)0.07
Fwd EY1.38%
FCF(TTM)0.56
FCFY11.01%
OCF(TTM)2.3
OCFY45.31%
SpS4.07
BVpS5.57
TBVpS5.57
PEG (NY)0.77
PEG (5Y)N/A
Graham Number5.93
Profitability
Industry RankSector 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 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 0.72
F-Score6
WACC7.02%
ROIC/WACC0.8
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 Y23.64%
EPS Next 2Y-50.89%
EPS Next 3Y-26.29%
EPS Next 5Y-36.56%
Revenue 1Y (TTM)-8.89%
Revenue growth 3Y29.61%
Revenue growth 5Y17.51%
Sales Q2Q%-30.54%
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 Year70.26%
EBIT Next 3Y-11.36%
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 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 18.11 and the Price/Book (PB) ratio is 0.91.


How financially healthy is BAYTEX ENERGY CORP?

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