PDC ENERGY INC (PDCE) Stock Fundamental Analysis
USA - NASDAQ:PDCE - US69327R1014 - Common Stock
73.85 USD
-0.2 (-0.27%)
73.85 USD
0 (0%)
Overall PDCE gets a fundamental rating of 6 out of 10. We evaluated PDCE against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While PDCE belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. PDCE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. With these ratings, PDCE could be worth investigating further for value investing!.
1. Profitability
1.1 Basic Checks
In the past year PDCE was profitable.
PDCE had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PDCE reported negative net income in multiple years.
PDCE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 22.14%, PDCE is doing good in the industry, outperforming 79.34% of the companies in the same industry.
PDCE has a better Return On Equity (41.84%) than 76.06% of its industry peers.
Looking at the Return On Invested Capital, with a value of 30.10%, PDCE belongs to the top of the industry, outperforming 85.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PDCE is significantly below the industry average of 21.76%.
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 Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 43.85%, PDCE belongs to the top of the industry, outperforming 81.22% of the companies in the same industry.
The Operating Margin of PDCE (58.61%) is better than 87.32% of its industry peers.
PDCE's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 87.02%, PDCE belongs to the top of the industry, outperforming 90.14% of the companies in the same industry.
PDCE's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PDCE is creating value.
PDCE has less shares outstanding than it did 1 year ago.
The debt/assets ratio for PDCE has been reduced compared to a year ago.
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 has a Altman-Z score of 2.66. This is in the better half 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.
PDCE has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
PDCE's Debt to Equity ratio of 0.34 is in line compared to the rest of the industry. PDCE outperforms 59.15% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 1.41 | ||
| Altman-Z | 2.66 |
ROIC/WACC3.69
WACC8.15%
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.
A Quick Ratio of 0.49 indicates that PDCE may have some problems paying its short term obligations.
PDCE has a worse Quick ratio (0.49) than 83.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.49 | ||
| Quick Ratio | 0.49 |
3. Growth
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.
Looking at the last year, PDCE shows a very strong growth in Revenue. The Revenue has grown by 50.94%.
Measured over the past years, PDCE shows a very strong growth in Revenue. The Revenue has been growing by 33.07% on average per year.
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
PDCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.15% yearly.
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.
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
PDCE is valuated cheaply with a Price/Earnings ratio of 6.01.
Compared to the rest of the industry, the Price/Earnings ratio of PDCE indicates a somewhat cheap valuation: PDCE is cheaper than 69.01% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, PDCE is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 4.80, the valuation of PDCE can be described as very cheap.
Based on the Price/Forward Earnings ratio, PDCE is valued cheaply inside the industry as 86.85% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of PDCE to the average of the S&P500 Index (22.70), we can say PDCE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.01 | ||
| Fwd PE | 4.8 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.02 | ||
| EV/EBITDA | 2.37 |
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%
5. Dividend
5.1 Amount
PDCE has a Yearly Dividend Yield of 2.17%.
Compared to an average industry Dividend Yield of 6.18, PDCE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, PDCE has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector 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
5.3 Sustainability
PDCE pays out 10.55% of its income as dividend. This is a sustainable payout ratio.
DP10.55%
EPS Next 2Y-1.16%
EPS Next 3Y7.15%
73.85
-0.2 (-0.27%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners0%
Inst Owner Change-8.56%
Ins Owners0.65%
Ins Owner Change0%
Market Cap6.43B
Analysts74.44
Price Target83.27 (12.76%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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 Rank | Sector 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
Profitability
| Industry Rank | Sector 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
ROICexcg growth 3Y185.34%
ROICexcg 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 Rank | Sector 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%