PIONEER NATURAL RESOURCES CO (PXD)
US7237871071 - Common Stock
Taking everything into account, PXD scores 5 out of 10 in our fundamental rating. PXD was compared to 204 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
In the past year PXD was profitable.
PXD had a positive operating cash flow in the past year.
PXD had positive earnings in 4 of the past 5 years.
PXD had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PXD has a better Return On Assets (13.33%) than 79.53% of its industry peers.
PXD has a Return On Equity of 21.07%. This is in the better half of the industry: PXD outperforms 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 below the industry average of 22.54%.
| 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.
PXD's Profit Margin has improved in the last couple of years.
PXD's Operating Margin of 33.80% is fine compared to the rest of the industry. PXD outperforms 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.
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.
PXD has more shares outstanding than it did 5 years ago.
PXD has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.20 indicates that PXD is not in any danger for 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.
PXD's Debt to FCF ratio of 1.31 is amongst the best of the industry. PXD outperforms 81.86% of its industry peers.
A Debt/Equity ratio of 0.21 indicates that PXD is not too dependend on debt financing.
PXD has a better Debt to Equity ratio (0.21) than 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
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.
PXD has a Current ratio of 0.88. This is in the lower half of the industry: PXD underperforms 69.30% of its industry peers.
PXD has a Quick 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.
PXD has a Quick ratio of 0.72. This is in the lower half of the industry: PXD underperforms 71.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
PXD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -31.81%.
PXD shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.89% yearly.
The Revenue for PXD has decreased by -20.54% in the past year. This is quite bad
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
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.
The Revenue is expected to grow by 5.04% on average over the next years.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PXD is valuated correctly with a Price/Earnings ratio of 12.97.
PXD's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.96. PXD is valued rather cheaply when compared to this.
PXD is valuated correctly with a Price/Forward Earnings ratio of 13.08.
PXD's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.82, PXD is valued a bit cheaper.
| 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.
PXD's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.02 | ||
| EV/EBITDA | 7.15 |
4.3 Compensation for Growth
The decent profitability rating of PXD 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.
PXD's Dividend Yield is a higher than the industry average which is at 6.45.
PXD's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector 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 paid a dividend for at least 10 years, which is 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 Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap62.99B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.06% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
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Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.97 | ||
| Fwd PE | 13.08 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)0.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.33% | ||
| ROE | 21.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 33.8% | ||
| PM (TTM) | 25.2% | ||
| GM | 51.42% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.53
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.21 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.72 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-31.81%
EPS 3Y115.76%
EPS 5Y
EPS Q2Q%
EPS Next Y-0.89%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.54%
Revenue growth 3Y40.24%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y