EQT CORP (EQT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EQT - US26884L1098 - Common Stock
56.76 USD
-0.78 (-1.36%)
57.01 USD
+0.25 (+0.44%)
EQT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While EQT is still in line with the averages on profitability rating, there are concerns on its financial health. EQT is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
EQT had positive earnings in the past year.
EQT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: EQT reported negative net income in multiple years.
Each year in the past 5 years EQT had a positive operating cash flow.
1.2 Ratios
EQT has a Return On Assets (4.32%) which is in line with its industry peers.
EQT's Return On Equity of 7.69% is in line compared to the rest of the industry. EQT outperforms 50.48% of its industry peers.
EQT has a Return On Invested Capital of 5.82%. This is comparable to the rest of the industry: EQT outperforms 51.90% of its industry peers.
EQT had an Average Return On Invested Capital over the past 3 years of 8.25%. This is significantly below the industry average of 21.41%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 7.69% | ||
| ROIC | 5.82% |
ROA(3y)5.08%
ROA(5y)0.93%
ROE(3y)9.57%
ROE(5y)1.36%
ROIC(3y)8.25%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of EQT (22.59%) is better than 79.52% of its industry peers.
The Operating Margin of EQT (33.07%) is better than 78.57% of its industry peers.
EQT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 75.72%, EQT belongs to the top of the industry, outperforming 87.14% of the companies in the same industry.
EQT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.07% | ||
| PM (TTM) | 22.59% | ||
| GM | 75.72% |
OM growth 3YN/A
OM growth 5Y-15.64%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y24.52%
GM growth 5Y-0.11%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQT is destroying value.
The number of shares outstanding for EQT has been increased compared to 1 year ago.
The number of shares outstanding for EQT has been increased compared to 5 years ago.
The debt/assets ratio for EQT is higher compared to a year ago.
2.2 Solvency
EQT has an Altman-Z score of 1.68. This is a bad value and indicates that EQT is not financially healthy and even has some risk of bankruptcy.
EQT's Altman-Z score of 1.68 is fine compared to the rest of the industry. EQT outperforms 60.48% of its industry peers.
The Debt to FCF ratio of EQT is 3.31, which is a good value as it means it would take EQT, 3.31 years of fcf income to pay off all of its debts.
EQT has a Debt to FCF ratio of 3.31. This is in the better half of the industry: EQT outperforms 75.71% of its industry peers.
EQT has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.33, EQT perfoms like the industry average, outperforming 59.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.31 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.69
WACC8.38%
2.3 Liquidity
EQT has a Current Ratio of 0.58. This is a bad value and indicates that EQT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of EQT (0.58) is worse than 81.90% of its industry peers.
EQT has a Quick Ratio of 0.58. This is a bad value and indicates that EQT is not financially healthy enough and could expect problems in meeting its short term obligations.
EQT's Quick ratio of 0.58 is on the low side compared to the rest of the industry. EQT is outperformed by 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 111.94% over the past year.
EQT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 13.31% yearly.
EQT shows a strong growth in Revenue. In the last year, the Revenue has grown by 38.47%.
Measured over the past years, EQT shows a small growth in Revenue. The Revenue has been growing by 3.61% on average per year.
EPS 1Y (TTM)111.94%
EPS 3Y19.87%
EPS 5Y13.31%
EPS Q2Q%333.33%
Revenue 1Y (TTM)38.47%
Revenue growth 3Y19.83%
Revenue growth 5Y3.61%
Sales Q2Q%52.56%
3.2 Future
Based on estimates for the next years, EQT will show a very strong growth in Earnings Per Share. The EPS will grow by 25.35% on average per year.
The Revenue is expected to grow by 16.02% on average over the next years. This is quite good.
EPS Next Y86.49%
EPS Next 2Y70.18%
EPS Next 3Y48.6%
EPS Next 5Y25.35%
Revenue Next Year48.64%
Revenue Next 2Y31.62%
Revenue Next 3Y21.54%
Revenue Next 5Y16.02%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
EQT is valuated rather expensively with a Price/Earnings ratio of 19.99.
Compared to the rest of the industry, the Price/Earnings ratio of EQT is on the same level as its industry peers.
EQT's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.98.
Based on the Price/Forward Earnings ratio of 12.64, the valuation of EQT can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as EQT.
EQT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.79.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.99 | ||
| Fwd PE | 12.64 |
4.2 Price Multiples
EQT's Enterprise Value to EBITDA is on the same level as the industry average.
61.90% of the companies in the same industry are more expensive than EQT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.28 | ||
| EV/EBITDA | 8.41 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as EQT's earnings are expected to grow with 48.60% in the coming years.
PEG (NY)0.23
PEG (5Y)1.5
EPS Next 2Y70.18%
EPS Next 3Y48.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.17%, EQT has a reasonable but not impressive dividend return.
EQT's Dividend Yield is comparable with the industry average which is at 5.88.
With a Dividend Yield of 1.17, EQT pays less dividend than the S&P500 average, which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
5.2 History
The dividend of EQT is nicely growing with an annual growth rate of 39.73%!
EQT has paid a dividend for at least 10 years, which is a reliable track record.
EQT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)39.73%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
21.38% of the earnings are spent on dividend by EQT. This is a low number and sustainable payout ratio.
The dividend of EQT is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP21.38%
EPS Next 2Y70.18%
EPS Next 3Y48.6%
56.76
-0.78 (-1.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners90.11%
Inst Owner Change6.28%
Ins Owners0.57%
Ins Owner Change-0.36%
Market Cap35.42B
Revenue(TTM)7.88B
Net Income(TTM)1.78B
Analysts80.63
Price Target64.59 (13.79%)
Short Float %3.15%
Short Ratio2.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.17% |
Yearly Dividend0.64
Dividend Growth(5Y)39.73%
DP21.38%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.73%
Min EPS beat(2)9.71%
Max EPS beat(2)19.75%
EPS beat(4)4
Avg EPS beat(4)20.83%
Min EPS beat(4)9.71%
Max EPS beat(4)39.15%
EPS beat(8)7
Avg EPS beat(8)31.81%
EPS beat(12)10
Avg EPS beat(12)64.41%
EPS beat(16)10
Avg EPS beat(16)45.88%
Revenue beat(2)2
Avg Revenue beat(2)22.41%
Min Revenue beat(2)2.49%
Max Revenue beat(2)42.33%
Revenue beat(4)2
Avg Revenue beat(4)4%
Min Revenue beat(4)-19.86%
Max Revenue beat(4)42.33%
Revenue beat(8)3
Avg Revenue beat(8)0.64%
Revenue beat(12)6
Avg Revenue beat(12)12.6%
Revenue beat(16)9
Avg Revenue beat(16)15.75%
PT rev (1m)1.27%
PT rev (3m)2.35%
EPS NQ rev (1m)-6.92%
EPS NQ rev (3m)-29.35%
EPS NY rev (1m)1.03%
EPS NY rev (3m)-12.04%
Revenue NQ rev (1m)-6.48%
Revenue NQ rev (3m)-14.2%
Revenue NY rev (1m)-2.08%
Revenue NY rev (3m)-3.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.99 | ||
| Fwd PE | 12.64 | ||
| P/S | 4.49 | ||
| P/FCF | 14.28 | ||
| P/OCF | 7.45 | ||
| P/B | 1.53 | ||
| P/tB | 1.7 | ||
| EV/EBITDA | 8.41 |
EPS(TTM)2.84
EY5%
EPS(NY)4.49
Fwd EY7.91%
FCF(TTM)3.98
FCFY7%
OCF(TTM)7.62
OCFY13.43%
SpS12.63
BVpS37.1
TBVpS33.47
PEG (NY)0.23
PEG (5Y)1.5
Graham Number48.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.32% | ||
| ROE | 7.69% | ||
| ROCE | 6.68% | ||
| ROIC | 5.82% | ||
| ROICexc | 5.85% | ||
| ROICexgc | 6.22% | ||
| OM | 33.07% | ||
| PM (TTM) | 22.59% | ||
| GM | 75.72% | ||
| FCFM | 31.48% |
ROA(3y)5.08%
ROA(5y)0.93%
ROE(3y)9.57%
ROE(5y)1.36%
ROIC(3y)8.25%
ROIC(5y)N/A
ROICexc(3y)8.67%
ROICexc(5y)N/A
ROICexgc(3y)8.68%
ROICexgc(5y)N/A
ROCE(3y)9.48%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y-23.92%
ROICexc growth 3YN/A
ROICexc growth 5Y-24.86%
OM growth 3YN/A
OM growth 5Y-15.64%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y24.52%
GM growth 5Y-0.11%
F-Score8
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.31 | ||
| Debt/EBITDA | 1.49 | ||
| Cap/Depr | 89.15% | ||
| Cap/Sales | 28.88% | ||
| Interest Coverage | 4.65 | ||
| Cash Conversion | 92.2% | ||
| Profit Quality | 139.34% | ||
| Current Ratio | 0.58 | ||
| Quick Ratio | 0.58 | ||
| Altman-Z | 1.68 |
F-Score8
WACC8.38%
ROIC/WACC0.69
Cap/Depr(3y)101.62%
Cap/Depr(5y)88.24%
Cap/Sales(3y)30.21%
Cap/Sales(5y)31.83%
Profit Quality(3y)144.02%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)111.94%
EPS 3Y19.87%
EPS 5Y13.31%
EPS Q2Q%333.33%
EPS Next Y86.49%
EPS Next 2Y70.18%
EPS Next 3Y48.6%
EPS Next 5Y25.35%
Revenue 1Y (TTM)38.47%
Revenue growth 3Y19.83%
Revenue growth 5Y3.61%
Sales Q2Q%52.56%
Revenue Next Year48.64%
Revenue Next 2Y31.62%
Revenue Next 3Y21.54%
Revenue Next 5Y16.02%
EBIT growth 1Y463.58%
EBIT growth 3YN/A
EBIT growth 5Y-12.6%
EBIT Next Year359.42%
EBIT Next 3Y78.41%
EBIT Next 5Y43.31%
FCF growth 1Y39.43%
FCF growth 3Y-1.91%
FCF growth 5Y18.13%
OCF growth 1Y31.47%
OCF growth 3Y19.36%
OCF growth 5Y8.83%
EQT CORP / EQT FAQ
What is the ChartMill fundamental rating of EQT CORP (EQT) stock?
ChartMill assigns a fundamental rating of 5 / 10 to EQT.
Can you provide the valuation status for EQT CORP?
ChartMill assigns a valuation rating of 5 / 10 to EQT CORP (EQT). This can be considered as Fairly Valued.
How profitable is EQT CORP (EQT) stock?
EQT CORP (EQT) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for EQT stock?
The Price/Earnings (PE) ratio for EQT CORP (EQT) is 19.99 and the Price/Book (PB) ratio is 1.53.
What is the expected EPS growth for EQT CORP (EQT) stock?
The Earnings per Share (EPS) of EQT CORP (EQT) is expected to grow by 86.49% in the next year.