PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:PXD • US7237871071

269.62 USD
+1.96 (+0.73%)
At close: May 2, 2024
269.82 USD
+0.2 (+0.07%)
After Hours: 5/2/2024, 8:15:12 PM
Fundamental Rating

5

Taking everything into account, PXD scores 5 out of 10 in our fundamental rating. PXD was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. PXD has an average financial health and profitability rating. PXD is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • PXD had positive earnings in the past year.
  • In the past year PXD had a positive cash flow from operations.
  • Of the past 5 years PXD 4 years were profitable.
  • Each year in the past 5 years PXD had a positive operating cash flow.
PXD Yearly Net Income VS EBIT VS OCF VS FCFPXD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B 8B 10B

1.2 Ratios

  • PXD has a Return On Assets of 13.33%. This is in the better half of the industry: PXD outperforms 79.53% of its industry peers.
  • The Return On Equity of PXD (21.07%) is better than 66.51% of its industry peers.
  • PXD's Return On Invested Capital of 15.30% is fine compared to the rest of the industry. PXD outperforms 78.14% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PXD is below the industry average of 21.94%.
Industry RankSector Rank
ROA 13.33%
ROE 21.07%
ROIC 15.3%
ROA(3y)13.67%
ROA(5y)8.8%
ROE(3y)21.7%
ROE(5y)13.94%
ROIC(3y)18.75%
ROIC(5y)13.28%
PXD Yearly ROA, ROE, ROICPXD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

1.3 Margins

  • Looking at the Profit Margin, with a value of 25.20%, PXD is in the better half of the industry, outperforming 68.84% of the companies in the same industry.
  • In the last couple of years the Profit Margin of PXD has grown nicely.
  • PXD has a better Operating Margin (33.80%) than 64.65% of its industry peers.
  • In the last couple of years the Operating Margin of PXD has grown nicely.
  • The Gross Margin of PXD (51.42%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of PXD has grown nicely.
Industry RankSector Rank
OM 33.8%
PM (TTM) 25.2%
GM 51.42%
OM growth 3Y74.62%
OM growth 5Y9.14%
PM growth 3YN/A
PM growth 5Y19.44%
GM growth 3Y13.55%
GM growth 5Y2.27%
PXD Yearly Profit, Operating, Gross MarginsPXD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 20 40

More info and screens

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so PXD is creating value.
  • The number of shares outstanding for PXD has been reduced compared to 1 year ago.
  • Compared to 1 year ago, PXD has an improved debt to assets ratio.
PXD Yearly Shares OutstandingPXD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
PXD Yearly Total Debt VS Total AssetsPXD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

  • PXD has an Altman-Z score of 4.20. This indicates that PXD is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 4.20, PXD belongs to the top of the industry, outperforming 84.65% of the companies in the same industry.
  • The Debt to FCF ratio of PXD is 1.31, which is an excellent value as it means it would take PXD, only 1.31 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of PXD (1.31) is better than 81.86% of its industry peers.
  • A Debt/Equity ratio of 0.21 indicates that PXD is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.21, PXD is in the better half of the industry, outperforming 67.44% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 1.31
Altman-Z 4.2
ROIC/WACC1.8
WACC8.52%
PXD Yearly LT Debt VS Equity VS FCFPXD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 5B 10B 15B 20B

2.3 Liquidity

  • PXD has a Current Ratio of 0.88. This is a bad value and indicates that PXD is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of PXD (0.88) is worse than 69.30% of its industry peers.
  • A Quick Ratio of 0.72 indicates that PXD may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.72, PXD is not doing good in the industry: 71.16% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.72
PXD Yearly Current Assets VS Current LiabilitesPXD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

More info and screens

4

3. Growth

3.1 Past

  • The earnings per share for PXD have decreased strongly by -31.81% in the last year.
  • The Earnings Per Share has been growing by 26.89% on average over the past years. This is a very strong growth
  • Looking at the last year, PXD shows a very negative growth in Revenue. The Revenue has decreased by -20.54% in the last year.
  • The Revenue has been growing by 15.61% on average over the past years. This is quite good.
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y26.89%
EPS Q2Q%-11%
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y15.61%
Sales Q2Q%-1.89%

3.2 Future

  • PXD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 1.86% yearly.
  • PXD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.04% yearly.
EPS Next Y-0.89%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
EPS Next 5Y1.86%
Revenue Next Year11.05%
Revenue Next 2Y9.52%
Revenue Next 3Y5.04%
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.
PXD Yearly Revenue VS EstimatesPXD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5B 10B 15B 20B
PXD Yearly EPS VS EstimatesPXD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20 30

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 12.97, PXD is valued correctly.
  • The rest of the industry has a similar Price/Earnings ratio as PXD.
  • The average S&P500 Price/Earnings ratio is at 28.32. PXD is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 13.08 indicates a correct valuation of PXD.
  • PXD's Price/Forward Earnings ratio is in line with the industry average.
  • When comparing the Price/Forward Earnings ratio of PXD to the average of the S&P500 Index (25.57), we can say PXD is valued slightly cheaper.
Industry RankSector Rank
PE 12.97
Fwd PE 13.08
PXD Price Earnings VS Forward Price EarningsPXD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • PXD's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of PXD is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 17.02
EV/EBITDA 7.15
PXD Per share dataPXD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • PXD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y2.95%
EPS Next 3Y0.88%

More info and screens

6

5. Dividend

5.1 Amount

  • PXD has a Yearly Dividend Yield of 4.06%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.64, PXD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, PXD pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.06%

5.2 History

  • On average, the dividend of PXD grows each year by 112.46%, which is quite nice.
  • PXD has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)112.46%
Div Incr Years0
Div Non Decr Years0
PXD Yearly Dividends per sharePXD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

5.3 Sustainability

  • PXD pays out 67.57% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of PXD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP67.57%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
PXD Yearly Income VS Free CF VS DividendPXD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 0 2B 4B 6B
PXD Dividend Payout.PXD Dividend Payout, showing the Payout Ratio.PXD Dividend Payout.PayoutRetained Earnings

More info and screens

PIONEER NATURAL RESOURCES CO / PXD FAQ

What is the ChartMill fundamental rating of PIONEER NATURAL RESOURCES CO (PXD) stock?

ChartMill assigns a fundamental rating of 5 / 10 to PXD.


What is the valuation status of PIONEER NATURAL RESOURCES CO (PXD) stock?

ChartMill assigns a valuation rating of 4 / 10 to PIONEER NATURAL RESOURCES CO (PXD). This can be considered as Fairly Valued.


What is the profitability of PXD stock?

PIONEER NATURAL RESOURCES CO (PXD) has a profitability rating of 6 / 10.


Can you provide the financial health for PXD stock?

The financial health rating of PIONEER NATURAL RESOURCES CO (PXD) is 6 / 10.


Can you provide the expected EPS growth for PXD stock?

The Earnings per Share (EPS) of PIONEER NATURAL RESOURCES CO (PXD) is expected to decline by -0.89% in the next year.