Baytex Energy Corp

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BTE : NYSE : Basic Materials
$4.76 -0.11 | -2.30%
Today's Range: 4.88 - 5.02
Avg. Daily Volume: 3,112,500
07/27/16 - 10:43 AM ET

Financial Analysis


BAYTEX ENERGY CORP's gross profit margin for the first quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased. BAYTEX ENERGY CORP has very weak liquidity. Currently, the Quick Ratio is 0.34 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 10.98% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q1 FY16 Q1 FY15
Net Sales ($mil)119.02226.68
EBITDA ($mil)20.1385.89
EBIT ($mil)-123.2-89.86
Net Income ($mil)0.61-175.92


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)0.454.96
Total Assets ($mil)5197.916419.92
Total Debt ($mil)1807.62267.75
Equity ($mil)2260.812539.68


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin30.0546.45
EBITDA Margin16.9137.89
Operating Margin-103.52-39.64
Sales Turnover0.150.23
Return on Assets-18.41-5.55
Return on Equity-42.33-14.03
Debt Q1 FY16 Q1 FY15
Current Ratio0.690.77
Debt/Capital0.440.47
Interest Expense27.3927.79
Interest Coverage-4.5-3.23


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)210.69169.0
Div / share0.00.24
EPS0.0-1.04
Book value / share10.7315.03
Institutional Own % n/a n/a
Avg Daily Volume3117968.02519492.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.50 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 11.73. The price-to-sales ratio is below the S&P 500 average and is well below 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 70.76   BTE 3.21 Peers 306.30

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 39.26   BTE NA Peers 2.07

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 0.50 Peers 11.73   BTE -121.25 Peers -202.73

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 1.46 Peers 2.43   BTE -46.15 Peers -25.78

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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