PIONEER NATURAL RESOURCES CO (PXD) Stock Fundamental Analysis
NYSE:PXD - New York Stock Exchange, Inc. - US7237871071 - Common Stock - Currency: USD
PXD gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. PXD has only an average score on both its financial health and profitability. PXD has a correct valuation and a medium growth rate.
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.
PXD had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PXD had a positive operating cash flow.
1.2 Ratios
The Return On Assets of PXD (13.33%) is better than 79.53% of its industry peers.
PXD has a better Return On Equity (21.07%) than 66.51% of its industry peers.
Looking at the Return On Invested Capital, with a value of 15.30%, PXD is in the better half of the industry, outperforming 78.14% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PXD is significantly below the industry average of 28.73%.
| Industry Rank | Sector 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%
1.3 Margins
PXD's Profit Margin of 25.20% is fine compared to the rest of the industry. PXD outperforms 68.84% of its industry peers.
In the last couple of years the Profit Margin of PXD has grown nicely.
PXD's Operating Margin of 33.80% is fine compared to the rest of the industry. PXD outperforms 64.65% of its industry peers.
PXD's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 51.42%, PXD is in line with its industry, outperforming 53.95% of the companies in the same industry.
PXD's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
PXD has less shares outstanding than it did 1 year ago.
The number of shares outstanding for PXD has been increased compared to 5 years ago.
Compared to 1 year ago, PXD has an improved debt to assets ratio.
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.
PXD has a Altman-Z score of 4.20. This is amongst the best in the industry. PXD outperforms 84.65% of its industry peers.
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.
PXD has a Debt to FCF ratio of 1.31. This is amongst the best in the industry. PXD outperforms 81.86% of its industry peers.
PXD has a Debt/Equity ratio of 0.21. This is a healthy value indicating a solid balance between debt and equity.
PXD's Debt to Equity ratio of 0.21 is fine compared to the rest of the industry. PXD outperforms 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.31 | ||
| Altman-Z | 4.2 |
ROIC/WACC1.8
WACC8.52%
2.3 Liquidity
A Current Ratio of 0.88 indicates that PXD may have some problems paying its short term obligations.
With a Current ratio value of 0.88, PXD is not doing good in the industry: 69.30% of the companies in the same industry are doing better.
A Quick Ratio of 0.72 indicates that PXD may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.72, PXD is doing worse than 71.16% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 |
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
The Revenue for PXD has decreased by -20.54% in the past year. This is quite bad
Measured over the past years, PXD shows a quite strong growth in Revenue. The Revenue has been growing by 15.61% on average per year.
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
Based on estimates for the next years, PXD will show a small growth in Earnings Per Share. The EPS will grow by 1.86% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.97 indicates a correct valuation of PXD.
The rest of the industry has a similar Price/Earnings ratio as PXD.
PXD's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.47.
Based on the Price/Forward Earnings ratio of 13.08, the valuation of PXD can be described as correct.
The rest of the industry has a similar Price/Forward Earnings ratio as PXD.
When comparing the Price/Forward Earnings ratio of PXD to the average of the S&P500 Index (92.74), we can say PXD is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.02 | ||
| EV/EBITDA | 7.15 |
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%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.06%, PXD is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.57, PXD pays a bit more dividend than its industry peers.
PXD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
5.2 History
The dividend of PXD is nicely growing with an annual growth rate of 112.46%!
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
5.3 Sustainability
PXD pays out 67.57% of its income as dividend. This is not a sustainable payout ratio.
PXD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP67.57%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
PIONEER NATURAL RESOURCES CO
NYSE:PXD (5/2/2024, 8:15:12 PM)
After market: 269.82 +0.2 (+0.07%)269.62
+1.96 (+0.73%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners7.51%
Inst Owner Change-1.16%
Ins Owners0.34%
Ins Owner Change0%
Market Cap62.99B
Analysts64.83
Price Target280.31 (3.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Yearly Dividend14.05
Dividend Growth(5Y)112.46%
DP67.57%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.42%
Min EPS beat(2)-4.88%
Max EPS beat(2)4.04%
EPS beat(4)3
Avg EPS beat(4)2.59%
Min EPS beat(4)-4.88%
Max EPS beat(4)6.48%
EPS beat(8)6
Avg EPS beat(8)3.35%
EPS beat(12)9
Avg EPS beat(12)5.09%
EPS beat(16)12
Avg EPS beat(16)5.78%
Revenue beat(2)2
Avg Revenue beat(2)27.69%
Min Revenue beat(2)24.44%
Max Revenue beat(2)30.95%
Revenue beat(4)4
Avg Revenue beat(4)26.42%
Min Revenue beat(4)20.94%
Max Revenue beat(4)30.95%
Revenue beat(8)8
Avg Revenue beat(8)37.3%
Revenue beat(12)12
Avg Revenue beat(12)52.68%
Revenue beat(16)16
Avg Revenue beat(16)62.64%
PT rev (1m)7.73%
PT rev (3m)8.47%
EPS NQ rev (1m)3.81%
EPS NQ rev (3m)-9.66%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.08%
Revenue NQ rev (1m)2.65%
Revenue NQ rev (3m)1.37%
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 | ||
| P/S | 3.25 | ||
| P/FCF | 17.02 | ||
| P/OCF | 7.46 | ||
| P/B | 2.72 | ||
| P/tB | 2.75 | ||
| EV/EBITDA | 7.15 |
EPS(TTM)20.79
EY7.71%
EPS(NY)20.61
Fwd EY7.64%
FCF(TTM)15.84
FCFY5.87%
OCF(TTM)36.16
OCFY13.41%
SpS82.93
BVpS99.18
TBVpS98.15
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.33% | ||
| ROE | 21.07% | ||
| ROCE | 19.47% | ||
| ROIC | 15.3% | ||
| ROICexc | 15.47% | ||
| ROICexgc | 15.59% | ||
| OM | 33.8% | ||
| PM (TTM) | 25.2% | ||
| GM | 51.42% | ||
| FCFM | 19.1% |
ROA(3y)13.67%
ROA(5y)8.8%
ROE(3y)21.7%
ROE(5y)13.94%
ROIC(3y)18.75%
ROIC(5y)13.28%
ROICexc(3y)19.88%
ROICexc(5y)14.08%
ROICexgc(3y)20.03%
ROICexgc(5y)14.21%
ROCE(3y)23.86%
ROCE(5y)16.9%
ROICexcg growth 3Y90.31%
ROICexcg growth 5Y6.86%
ROICexc growth 3Y90.91%
ROICexc growth 5Y7.09%
OM growth 3Y74.62%
OM growth 5Y9.14%
PM growth 3YN/A
PM growth 5Y19.44%
GM growth 3Y13.55%
GM growth 5Y2.27%
F-Score4
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | 1.31 | ||
| Debt/EBITDA | 0.51 | ||
| Cap/Depr | 165.9% | ||
| Cap/Sales | 24.51% | ||
| Interest Coverage | 51.57 | ||
| Cash Conversion | 89.77% | ||
| Profit Quality | 75.79% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z | 4.2 |
F-Score4
WACC8.52%
ROIC/WACC1.8
Cap/Depr(3y)152.12%
Cap/Depr(5y)149.99%
Cap/Sales(3y)19.79%
Cap/Sales(5y)23.45%
Profit Quality(3y)100.01%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y26.89%
EPS Q2Q%-11%
EPS Next Y-0.89%
EPS Next 2Y2.95%
EPS Next 3Y0.88%
EPS Next 5Y1.86%
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y15.61%
Sales Q2Q%-1.89%
Revenue Next Year11.05%
Revenue Next 2Y9.52%
Revenue Next 3Y5.04%
Revenue Next 5YN/A
EBIT growth 1Y-36.4%
EBIT growth 3Y144.89%
EBIT growth 5Y26.18%
EBIT Next Year49.37%
EBIT Next 3Y16.67%
EBIT Next 5Y13.3%
FCF growth 1Y-49.42%
FCF growth 3Y118.23%
FCF growth 5YN/A
OCF growth 1Y-25.56%
OCF growth 3Y59.47%
OCF growth 5Y21.11%