Baytex Energy Corp
Find Ratings ReportsBAYTEX ENERGY CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. BAYTEX ENERGY CORP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 26.22% 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 FY23 | Q4 FY22 |
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Net Sales ($mil) | 836.95 | 527.3 |
EBITDA ($mil) | -280.12 | 578.78 |
EBIT ($mil) | -672.31 | 414.7 |
Net Income ($mil) | -625.83 | 352.81 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 55.82 | 5.46 |
Total Assets ($mil) | 7460.93 | 5103.77 |
Total Debt ($mil) | 2440.56 | 937.17 |
Equity ($mil) | 3825.09 | 3030.42 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | -29.86 | 115.04 |
EBITDA Margin | -33.46 | 109.76 |
Operating Margin | -80.33 | 78.65 |
Sales Turnover | 0.36 | 0.46 |
Return on Assets | -3.12 | 16.76 |
Return on Equity | -6.1 | 28.23 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.79 | 0.85 |
Debt/Capital | 0.39 | 0.24 |
Interest Expense | 59.73 | 21.33 |
Interest Coverage | -11.26 | 19.45 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 821.68 | 544.93 |
Div / share | 0.02 | 0.0 |
EPS | -0.75 | 0.64 |
Book value / share | 4.66 | 5.56 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 8654097.0 | 9249963.0 |
HOLD. 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 0.74 indicates a significant discount versus the S&P 500 average of 4.71 and a significant discount versus the subsector average of 2.50. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, BAYTEX ENERGY CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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BTE NM | Peers 13.90 | BTE 2.19 | Peers 5.84 | |||||||||||||||||||||
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. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BTE NA | Peers 11.32 | BTE NA | Peers 8.88 | |||||||||||||||||||||
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. |
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Price/Book |
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Earnings Growth |
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BTE 0.74 | Peers 2.50 | BTE -109.80 | Peers 5.13 | |||||||||||||||||||||
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. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, BTE is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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BTE 1.04 | Peers 2.51 | BTE 16.62 | Peers -8.42 | |||||||||||||||||||||
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 subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. BTE has a sales growth rate that significantly exceeds its peers. |
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