PDC ENERGY INC (PDCE) Fundamental Analysis & Valuation

NASDAQ:PDCE • US69327R1014

Current stock price

73.85 USD
-0.2 (-0.27%)
At close:
73.85 USD
0 (0%)
After Hours:

This PDCE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. PDCE Profitability Analysis

1.1 Basic Checks

  • PDCE had positive earnings in the past year.
  • PDCE had a positive operating cash flow in the past year.
PDCE Yearly Net Income VS EBIT VS OCF VS FCFPDCE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 1B -1B 2B

1.2 Ratios

  • PDCE has a Return On Assets of 22.14%. This is in the better half of the industry: PDCE outperforms 79.34% of its industry peers.
  • PDCE's Return On Equity of 41.84% is fine compared to the rest of the industry. PDCE outperforms 76.06% of its industry peers.
  • PDCE's Return On Invested Capital of 30.10% is amongst the best of the industry. PDCE outperforms 85.92% of its industry peers.
  • PDCE had an Average Return On Invested Capital over the past 3 years of 15.55%. This is significantly below the industry average of 22.30%.
  • The last Return On Invested Capital (30.10%) for PDCE is above the 3 year average (15.55%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 22.14%
ROE 41.84%
ROIC 30.1%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)15.55%
ROIC(5y)11.87%
PDCE Yearly ROA, ROE, ROICPDCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40

1.3 Margins

  • With an excellent Profit Margin value of 43.85%, PDCE belongs to the best of the industry, outperforming 81.22% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 58.61%, PDCE belongs to the top of the industry, outperforming 87.32% of the companies in the same industry.
  • PDCE's Operating Margin has improved in the last couple of years.
  • PDCE has a Gross Margin of 87.02%. This is amongst the best in the industry. PDCE outperforms 90.14% of its industry peers.
  • PDCE's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 58.61%
PM (TTM) 43.85%
GM 87.02%
OM growth 3Y123.77%
OM growth 5Y34.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.92%
GM growth 5Y-1.85%
PDCE Yearly Profit, Operating, Gross MarginsPDCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 50 -50

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5

2. PDCE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PDCE is creating value.
  • Compared to 1 year ago, PDCE has less shares outstanding
  • The debt/assets ratio for PDCE has been reduced compared to a year ago.
PDCE Yearly Shares OutstandingPDCE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M
PDCE Yearly Total Debt VS Total AssetsPDCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B

2.2 Solvency

  • PDCE has an Altman-Z score of 2.66. This is not the best score and indicates that PDCE is in the grey zone with still only limited risk for bankruptcy at the moment.
  • PDCE's Altman-Z score of 2.66 is fine compared to the rest of the industry. PDCE outperforms 65.73% of its industry peers.
  • PDCE has a debt to FCF ratio of 1.41. This is a very positive value and a sign of high solvency as it would only need 1.41 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 1.41, PDCE is doing good in the industry, outperforming 74.65% of the companies in the same industry.
  • A Debt/Equity ratio of 0.34 indicates that PDCE is not too dependend on debt financing.
  • The Debt to Equity ratio of PDCE (0.34) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.41
Altman-Z 2.66
ROIC/WACC3.69
WACC8.15%
PDCE Yearly LT Debt VS Equity VS FCFPDCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 0 1B -1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.49 indicates that PDCE may have some problems paying its short term obligations.
  • PDCE has a worse Current ratio (0.49) than 87.32% of its industry peers.
  • PDCE has a Quick Ratio of 0.49. This is a bad value and indicates that PDCE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • PDCE has a Quick ratio of 0.49. This is amonst the worse of the industry: PDCE underperforms 83.57% of its industry peers.
Industry RankSector Rank
Current Ratio 0.49
Quick Ratio 0.49
PDCE Yearly Current Assets VS Current LiabilitesPDCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 500M 1B

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

5

3. PDCE Growth Analysis

3.1 Past

  • PDCE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.96%.
  • Measured over the past years, PDCE shows a very strong growth in Earnings Per Share. The EPS has been growing by 167.86% on average per year.
  • The Revenue has grown by 50.94% in the past year. This is a very strong growth!
  • The Revenue has been growing by 33.07% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-11.96%
EPS 3Y167.86%
EPS 5YN/A
EPS Q2Q%-47.36%
Revenue 1Y (TTM)50.94%
Revenue growth 3Y49.28%
Revenue growth 5Y33.07%
Sales Q2Q%-23.42%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.15% on average over the next years.
  • PDCE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.61% yearly.
EPS Next Y-22.73%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue Next Year-13.82%
Revenue Next 2Y-3.94%
Revenue Next 3Y0.61%
Revenue Next 5YN/A

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 decreasing.
  • 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.
PDCE Yearly Revenue VS EstimatesPDCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B
PDCE Yearly EPS VS EstimatesPDCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 -5 10 15

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7

4. PDCE Valuation Analysis

4.1 Price/Earnings Ratio

  • PDCE is valuated cheaply with a Price/Earnings ratio of 6.01.
  • 69.01% of the companies in the same industry are more expensive than PDCE, based on the Price/Earnings ratio.
  • PDCE's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.23.
  • A Price/Forward Earnings ratio of 4.80 indicates a rather cheap valuation of PDCE.
  • PDCE's Price/Forward Earnings ratio is rather cheap when compared to the industry. PDCE is cheaper than 86.85% of the companies in the same industry.
  • PDCE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.28.
Industry RankSector Rank
PE 6.01
Fwd PE 4.8
PDCE Price Earnings VS Forward Price EarningsPDCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PDCE is valued cheaper than 87.79% of the companies in the same industry.
  • 73.71% of the companies in the same industry are more expensive than PDCE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.02
EV/EBITDA 2.37
PDCE Per share dataPDCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • PDCE has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-1.16%
EPS Next 3Y7.15%

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

3

5. PDCE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.17%, PDCE has a reasonable but not impressive dividend return.
  • PDCE's Dividend Yield is comparable with the industry average which is at 3.35.
  • Compared to an average S&P500 Dividend Yield of 1.89, PDCE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.17%

5.2 History

  • PDCE has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1
PDCE Yearly Dividends per sharePDCE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 0.5 1 1.5

5.3 Sustainability

  • 10.55% of the earnings are spent on dividend by PDCE. This is a low number and sustainable payout ratio.
DP10.55%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
PDCE Yearly Income VS Free CF VS DividendPDCE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 500M -500M 1B -1B 1.5B
PDCE Dividend Payout.PDCE Dividend Payout, showing the Payout Ratio.PDCE Dividend Payout.PayoutRetained Earnings

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PDCE Fundamentals: All Metrics, Ratios and Statistics

PDC ENERGY INC

NASDAQ:PDCE (8/4/2023, 8:23:12 PM)

After market: 73.85 0 (0%)

73.85

-0.2 (-0.27%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)08-01
Earnings (Next)10-31
Inst Owners0%
Inst Owner Change-8.56%
Ins Owners0.65%
Ins Owner Change0%
Market Cap6.43B
Revenue(TTM)4.22B
Net Income(TTM)1.85B
Analysts74.44
Price Target83.27 (12.76%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.17%
Yearly Dividend1.96
Dividend Growth(5Y)N/A
DP10.55%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.33%
Min EPS beat(2)-9.76%
Max EPS beat(2)-8.89%
EPS beat(4)1
Avg EPS beat(4)-7.07%
Min EPS beat(4)-12.24%
Max EPS beat(4)2.6%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)14.17%
Min Revenue beat(2)5.88%
Max Revenue beat(2)22.47%
Revenue beat(4)4
Avg Revenue beat(4)18.86%
Min Revenue beat(4)1.78%
Max Revenue beat(4)45.32%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-3.34%
PT rev (3m)-10.54%
EPS NQ rev (1m)-4.57%
EPS NQ rev (3m)-13.09%
EPS NY rev (1m)-12.29%
EPS NY rev (3m)-12.29%
Revenue NQ rev (1m)-1.87%
Revenue NQ rev (3m)-6.24%
Revenue NY rev (1m)-1.6%
Revenue NY rev (3m)-1.6%
Valuation
Industry RankSector Rank
PE 6.01
Fwd PE 4.8
P/S 1.52
P/FCF 6.02
P/OCF 2.69
P/B 1.45
P/tB 1.45
EV/EBITDA 2.37
EPS(TTM)12.29
EY16.64%
EPS(NY)15.39
Fwd EY20.85%
FCF(TTM)12.27
FCFY16.61%
OCF(TTM)27.49
OCFY37.23%
SpS48.51
BVpS50.83
TBVpS50.83
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 22.14%
ROE 41.84%
ROCE N/A
ROIC 30.1%
ROICexc 30.14%
ROICexgc 30.14%
OM 58.61%
PM (TTM) 43.85%
GM 87.02%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)15.55%
ROIC(5y)11.87%
ROICexc(3y)15.59%
ROICexc(5y)11.9%
ROICexgc(3y)15.59%
ROICexgc(5y)11.9%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y185.34%
ROICexgc growth 5Y60.29%
ROICexc growth 3Y185.34%
ROICexc growth 5Y60.29%
OM growth 3Y123.77%
OM growth 5Y34.18%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.92%
GM growth 5Y-1.85%
F-Score9
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 1.41
Debt/EBITDA 0.45
Cap/Depr 152.69%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality 57.67%
Current Ratio 0.49
Quick Ratio 0.49
Altman-Z 2.66
F-Score9
WACC8.15%
ROIC/WACC3.69
Cap/Depr(3y)116.7%
Cap/Depr(5y)138.29%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.96%
EPS 3Y167.86%
EPS 5YN/A
EPS Q2Q%-47.36%
EPS Next Y-22.73%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
EPS Next 5YN/A
Revenue 1Y (TTM)50.94%
Revenue growth 3Y49.28%
Revenue growth 5Y33.07%
Sales Q2Q%-23.42%
Revenue Next Year-13.82%
Revenue Next 2Y-3.94%
Revenue Next 3Y0.61%
Revenue Next 5YN/A
EBIT growth 1Y79.24%
EBIT growth 3Y234.04%
EBIT growth 5Y78.55%
EBIT Next Year12.77%
EBIT Next 3Y11.65%
EBIT Next 5Y6.45%
FCF growth 1Y58.13%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y121.86%
OCF growth 3Y47.83%
OCF growth 5Y35.91%

PDC ENERGY INC / PDCE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for PDC ENERGY INC?

ChartMill assigns a fundamental rating of 6 / 10 to PDCE.


What is the valuation status of PDC ENERGY INC (PDCE) stock?

ChartMill assigns a valuation rating of 7 / 10 to PDC ENERGY INC (PDCE). This can be considered as Undervalued.


Can you provide the profitability details for PDC ENERGY INC?

PDC ENERGY INC (PDCE) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for PDCE stock?

The Price/Earnings (PE) ratio for PDC ENERGY INC (PDCE) is 6.01 and the Price/Book (PB) ratio is 1.45.


How sustainable is the dividend of PDC ENERGY INC (PDCE) stock?

The dividend rating of PDC ENERGY INC (PDCE) is 3 / 10 and the dividend payout ratio is 10.55%.