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 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.
  • PDCE had an Average Return On Invested Capital over the past 3 years of 15.55%. This is significantly below the industry average of 23.10%.
  • 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

  • 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.
  • PDCE's Operating Margin of 58.61% is amongst the best of the industry. PDCE outperforms 87.32% of its industry peers.
  • PDCE's Operating Margin has improved in the last couple of years.
  • PDCE's Gross Margin of 87.02% is amongst the best of 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PDCE is creating value.
  • Compared to 1 year ago, PDCE has less shares outstanding
  • Compared to 1 year ago, PDCE has an improved debt to assets ratio.
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

  • An Altman-Z score of 2.66 indicates that PDCE is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.66, PDCE is in the better half of the industry, outperforming 65.73% of the companies in the same industry.
  • 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.
  • The Debt to FCF ratio of PDCE (1.41) is better than 74.65% of its industry peers.
  • 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 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.
  • The Current ratio of PDCE (0.49) is worse 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.
  • The Quick ratio of PDCE (0.49) is worse than 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%.
  • PDCE shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 167.86% yearly.
  • PDCE shows a strong growth in Revenue. In the last year, the Revenue has grown by 50.94%.
  • PDCE shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 33.07% yearly.
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.
  • Based on estimates for the next years, PDCE will show a small growth in Revenue. The Revenue will grow by 0.61% on average per year.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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.
  • Based on the Price/Earnings ratio, PDCE is valued a bit cheaper than the industry average as 69.01% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of PDCE to the average of the S&P500 Index (26.21), we can say PDCE is valued rather cheaply.
  • With a 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.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.13, PDCE is valued rather cheaply.
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

  • 87.79% of the companies in the same industry are more expensive than PDCE, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, PDCE is valued a bit cheaper than 73.71% of the companies in the same industry.
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.
  • Compared to an average industry Dividend Yield of 3.16, PDCE has a dividend in line with its industry peers.
  • 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 paid a dividend for less than 5 years, so there is no long track record yet.
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 for PDCE stock?

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


How profitable is PDC ENERGY INC (PDCE) stock?

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


What is the financial health of PDC ENERGY INC (PDCE) stock?

The financial health rating of PDC ENERGY INC (PDCE) is 5 / 10.


Is the dividend of PDC ENERGY INC sustainable?

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