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's Return On Assets of 22.14% is fine compared to the rest 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 has a Return On Invested Capital of 30.10%. This is amongst the best in 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 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

  • 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.
  • PDCE has a Operating Margin of 58.61%. This is amongst the best in the industry. PDCE outperforms 87.32% of its industry peers.
  • In the last couple of years the Operating Margin of PDCE has grown nicely.
  • With an excellent Gross Margin value of 87.02%, PDCE belongs to the best 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 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.
  • 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.
  • The Debt to FCF ratio of PDCE is 1.41, which is an excellent value as it means it would take PDCE, only 1.41 years of fcf income to pay off all of its debts.
  • PDCE has a better Debt to FCF ratio (1.41) 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.
  • 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 Current ratio of 0.49. This is amonst the worse of the industry: PDCE underperforms 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 worse Quick ratio (0.49) 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%.
  • 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!
  • 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.
  • 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.
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

  • Based on the Price/Earnings ratio of 6.01, the valuation of PDCE can be described as very cheap.
  • Based on the Price/Earnings ratio, PDCE is valued a bit cheaper than 69.01% of the companies in the same industry.
  • PDCE is valuated cheaply when we compare the Price/Earnings ratio to 26.17, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 4.80, which 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.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.05, 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

  • Based on the Enterprise Value to EBITDA ratio, PDCE is valued cheaper than 87.79% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, PDCE is valued a bit cheaper than the industry average as 73.71% of the companies are valued more expensively.
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

  • The decent profitability rating of PDCE 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

  • PDCE has a Yearly Dividend Yield of 2.17%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.16, PDCE has a dividend in line with its industry peers.
  • PDCE's Dividend Yield is comparable with the S&P500 average which is at 1.89.
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

  • 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%
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%.