Baytex Energy Corp

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BTE : NYSE : Basic Materials
$3.14 | %
Today's Range: 3.11 - 3.31
Avg. Daily Volume: 2195700.0
03/24/17 - 4:01 PM ET

Financial Analysis


BAYTEX ENERGY CORP's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. BAYTEX ENERGY CORP has weak liquidity. Currently, the Quick Ratio is 0.76 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 18.03% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)177.5180.03
EBITDA ($mil)-305.18-471.42
EBIT ($mil)-433.12-636.67
Net Income ($mil)-359.42-419.18


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)2.710.25
Total Assets ($mil)4594.095488.5
Total Debt ($mil)1754.071854.93
Equity ($mil)1978.962414.47


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin-164.17-253.49
EBITDA Margin-171.93-261.85
Operating Margin-244.01-353.64
Sales Turnover0.130.16
Return on Assets-10.56-20.82
Return on Equity-24.51-47.33
Debt Q4 FY16 Q4 FY15
Current Ratio0.780.77
Debt/Capital0.470.43
Interest Expense27.3826.44
Interest Coverage-15.82-24.08


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)233.45210.58
Div / share0.00.0
EPS-1.66-1.99
Book value / share8.4811.47
Institutional Own % n/a n/a
Avg Daily Volume2196564.03056842.0

Valuation


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.38 indicates a significant discount versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 34.30. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, BAYTEX ENERGY CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BTE NM Peers 145.99   BTE 3.08 Peers 11.89

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

BTE's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

BTE is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BTE NA Peers 32.69   BTE NA Peers 0.89

Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.

Ratio not available.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BTE 0.38 Peers 34.30   BTE 60.15 Peers 26.59

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

BTE is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

BTE is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BTE 1.26 Peers 2.49   BTE -31.60 Peers -10.14

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

BTE is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

BTE significantly trails its peers on the basis of sales growth

 

 

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