BAYTEX ENERGY CORP (BTE)
CA07317Q1054 - Common Stock
BTE gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 208 industry peers in the Oil, Gas & Consumable Fuels industry. While BTE is still in line with the averages on profitability rating, there are concerns on its financial health. BTE has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BTE has reported negative net income.
BTE had a positive operating cash flow in the past year.
In multiple years BTE reported negative net income over the last 5 years.
In the past 5 years BTE always reported a positive cash flow from operatings.
1.2 Ratios
BTE has a worse Return On Assets (-5.26%) than 86.06% of its industry peers.
Looking at the Return On Equity, with a value of -10.32%, BTE is doing worse than 81.25% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.33%, BTE is in line with its industry, outperforming 58.65% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for BTE is significantly below the industry average of 23.70%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.26% | ||
| ROE | -10.32% | ||
| ROIC | 9.33% |
ROA(3y)15.67%
ROA(5y)-4.95%
ROE(3y)31.7%
ROE(5y)-65.43%
ROIC(3y)10.74%
ROIC(5y)N/A
1.3 Margins
BTE has a Operating Margin (24.41%) which is comparable to the rest of the industry.
BTE's Operating Margin has improved in the last couple of years.
The Gross Margin of BTE (80.16%) is better than 89.42% of its industry peers.
BTE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.41% | ||
| PM (TTM) | N/A | ||
| GM | 80.16% |
OM growth 3YN/A
OM growth 5Y56.68%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.09%
GM growth 5Y1.85%
2. Health
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.
Compared to 1 year ago, BTE has more shares outstanding
The number of shares outstanding for BTE has been increased compared to 5 years ago.
BTE has a worse debt/assets ratio than last year.
2.2 Solvency
BTE has an Altman-Z score of 0.68. 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 (0.68) is worse than 65.38% of its industry peers.
The Debt to FCF ratio of BTE is 6.79, which is on the high side as it means it would take BTE, 6.79 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 6.79, BTE perfoms like the industry average, outperforming 53.37% of the companies in the same industry.
A Debt/Equity ratio of 0.62 indicates that BTE is somewhat dependend on debt financing.
BTE has a worse Debt to Equity ratio (0.62) than 60.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 6.79 | ||
| Altman-Z | 0.68 |
ROIC/WACC1.21
WACC7.74%
2.3 Liquidity
BTE has a Current Ratio of 0.72. This is a bad value and indicates that BTE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.72, BTE is not doing good in the industry: 76.44% of the companies in the same industry are doing better.
A Quick Ratio of 0.72 indicates that BTE may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, BTE is doing worse than 69.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
The earnings per share for BTE have decreased strongly by -131.41% in the last year.
The Revenue has grown by 67.59% 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 19.46% on average per year.
EPS 1Y (TTM)-131.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-63.89%
Revenue 1Y (TTM)67.59%
Revenue growth 3Y49.51%
Revenue growth 5Y19.46%
Sales Q2Q%89.24%
3.2 Future
The Earnings Per Share is expected to grow by 56.86% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 1.22% on average over the next years.
EPS Next Y391.78%
EPS Next 2Y154.29%
EPS Next 3Y70.57%
EPS Next 5Y56.86%
Revenue Next Year25.78%
Revenue Next 2Y12.51%
Revenue Next 3Y3.85%
Revenue Next 5Y1.22%
3.3 Evolution
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
The Price/Earnings Ratio is negative for BTE. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 6.19 indicates a rather cheap valuation of BTE.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BTE indicates a somewhat cheap valuation: BTE is cheaper than 77.40% of the companies listed in the same industry.
BTE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.22.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.19 |
4.2 Price Multiples
93.75% of the companies in the same industry are more expensive than BTE, based on the Enterprise Value to EBITDA ratio.
64.42% 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 | 9.2 | ||
| EV/EBITDA | 2.63 |
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's earnings are expected to grow with 70.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y154.29%
EPS Next 3Y70.57%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.82%, BTE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.04, BTE has a dividend in line with its industry peers.
BTE's Dividend Yield is comparable with the S&P500 average which is at 2.24.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
5.2 History
The dividend of BTE decreases each year by -50.19%.
BTE has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of BTE decreased recently.
Dividend Growth(5Y)-50.19%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
The earnings of BTE are negative and hence is the payout ratio. BTE will probably not be able to sustain this dividend level.
DP-18.16%
EPS Next 2Y154.29%
EPS Next 3Y70.57%
BAYTEX ENERGY CORP
NYSE:BTE (9/6/2024, 8:04:01 PM)
After market: 3.1 +0.03 (+0.98%)3.07
-0.12 (-3.76%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.47B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.82% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 6.19 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.26% | ||
| ROE | -10.32% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.41% | ||
| PM (TTM) | N/A | ||
| GM | 80.16% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-131.41%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y391.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)67.59%
Revenue growth 3Y49.51%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y