PAREX RESOURCES INC (PXT.CA)
CA69946Q1046 - Common Stock
Taking everything into account, PXT scores 7 out of 10 in our fundamental rating. PXT was compared to 220 industry peers in the Oil, Gas & Consumable Fuels industry. PXT gets an excellent profitability rating and is at the same time showing great financial health properties. PXT is valued quite cheap, but it does not seem to be growing. These ratings could make PXT a good candidate for value investing.
1. Profitability
1.1 Basic Checks
PXT had positive earnings in the past year.
In the past year PXT had a positive cash flow from operations.
Each year in the past 5 years PXT has been profitable.
Each year in the past 5 years PXT had a positive operating cash flow.
1.2 Ratios
PXT has a better Return On Assets (13.66%) than 95.79% of its industry peers.
PXT has a Return On Equity of 16.48%. This is amongst the best in the industry. PXT outperforms 92.52% of its industry peers.
Looking at the Return On Invested Capital, with a value of 21.94%, PXT belongs to the top of the industry, outperforming 97.20% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for PXT is significantly above the industry average of 7.85%.
The last Return On Invested Capital (21.94%) for PXT is well below the 3 year average (28.48%), which needs to be investigated, but indicates that PXT had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 16.48% | ||
| ROIC | 21.94% |
ROA(3y)20.81%
ROA(5y)17.67%
ROE(3y)26.96%
ROE(5y)22.34%
ROIC(3y)28.48%
ROIC(5y)24.76%
1.3 Margins
The Profit Margin of PXT (26.14%) is better than 91.12% of its industry peers.
In the last couple of years the Profit Margin of PXT has declined.
PXT's Operating Margin of 49.29% is amongst the best of the industry. PXT outperforms 98.13% of its industry peers.
In the last couple of years the Operating Margin of PXT has declined.
PXT has a Gross Margin of 79.79%. This is amongst the best in the industry. PXT outperforms 90.65% of its industry peers.
PXT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 49.29% | ||
| PM (TTM) | 26.14% | ||
| GM | 79.79% |
OM growth 3Y11.55%
OM growth 5Y-3.72%
PM growth 3Y28.12%
PM growth 5Y-4.09%
GM growth 3Y1.52%
GM growth 5Y-1.37%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), PXT is creating value.
Compared to 1 year ago, PXT has less shares outstanding
The number of shares outstanding for PXT has been reduced compared to 5 years ago.
The debt/assets ratio for PXT is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.48 indicates that PXT is not in any danger for bankruptcy at the moment.
PXT has a better Altman-Z score (3.48) than 81.31% of its industry peers.
The Debt to FCF ratio of PXT is 0.35, which is an excellent value as it means it would take PXT, only 0.35 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of PXT (0.35) is better than 96.73% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that PXT is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.03, PXT is in the better half of the industry, outperforming 72.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.35 | ||
| Altman-Z | 3.48 |
ROIC/WACC2.82
WACC7.79%
2.3 Liquidity
PXT has a Current Ratio of 1.14. This is a normal value and indicates that PXT is financially healthy and should not expect problems in meeting its short term obligations.
PXT has a Current ratio of 1.14. This is in the better half of the industry: PXT outperforms 61.68% of its industry peers.
A Quick Ratio of 1.10 indicates that PXT should not have too much problems paying its short term obligations.
PXT's Quick ratio of 1.10 is fine compared to the rest of the industry. PXT outperforms 67.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for PXT have decreased strongly by -36.75% in the last year.
PXT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.30% yearly.
Looking at the last year, PXT shows a small growth in Revenue. The Revenue has grown by 2.88% in the last year.
Measured over the past years, PXT shows a small growth in Revenue. The Revenue has been growing by 7.03% on average per year.
EPS 1Y (TTM)-36.75%
EPS 3Y82.58%
EPS 5Y11.3%
EPS Q2Q%-95.79%
Revenue 1Y (TTM)2.88%
Revenue growth 3Y30.05%
Revenue growth 5Y7.03%
Sales Q2Q%11.62%
3.2 Future
Based on estimates for the next years, PXT will show a small growth in Earnings Per Share. The EPS will grow by 1.61% on average per year.
Based on estimates for the next years, PXT will show a decrease in Revenue. The Revenue will decrease by -0.85% on average per year.
EPS Next Y-48.07%
EPS Next 2Y-12.28%
EPS Next 3Y1.61%
EPS Next 5YN/A
Revenue Next Year-7.23%
Revenue Next 2Y-3.92%
Revenue Next 3Y0.15%
Revenue Next 5Y-0.85%
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
Based on the Price/Earnings ratio of 2.88, the valuation of PXT can be described as very cheap.
Based on the Price/Earnings ratio, PXT is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
PXT is valuated cheaply when we compare the Price/Earnings ratio to 30.52, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 2.66, which indicates a rather cheap valuation of PXT.
Based on the Price/Forward Earnings ratio, PXT is valued cheaper than 93.46% of the companies in the same industry.
PXT is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.88 | ||
| Fwd PE | 2.66 |
4.2 Price Multiples
PXT's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. PXT is cheaper than 97.66% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PXT is valued cheaply inside the industry as 89.72% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.59 | ||
| EV/EBITDA | 1.01 |
4.3 Compensation for Growth
The excellent profitability rating of PXT may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.26
EPS Next 2Y-12.28%
EPS Next 3Y1.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 12.64%, PXT is a good candidate for dividend investing.
The stock price of PXT dropped by -44.28% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.47, PXT pays a better dividend. On top of this PXT pays more dividend than 98.13% of the companies listed in the same industry.
PXT's Dividend Yield is rather good when compared to the S&P500 average which is at 2.26.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.64% |
5.2 History
PXT 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 Years2
Div Non Decr Years2
5.3 Sustainability
36.49% of the earnings are spent on dividend by PXT. This is a low number and sustainable payout ratio.
DP36.49%
EPS Next 2Y-12.28%
EPS Next 3Y1.61%
PAREX RESOURCES INC
TSX:PXT (9/13/2024, 7:00:00 PM)
11.88
-0.15 (-1.25%)
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 Cap1.20B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 12.64% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 2.88 | ||
| Fwd PE | 2.66 | ||
| 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)0.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.66% | ||
| ROE | 16.48% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 49.29% | ||
| PM (TTM) | 26.14% | ||
| GM | 79.79% | ||
| 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 Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.14 | ||
| Quick Ratio | 1.1 | ||
| 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)-36.75%
EPS 3Y82.58%
EPS 5Y
EPS Q2Q%
EPS Next Y-48.07%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)2.88%
Revenue growth 3Y30.05%
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