Baytex Energy Corp

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BTE : NYSE : Basic Materials
$4.39 up 0.3 | 7.33%
Today's Range: 4.13 - 4.45
Avg. Daily Volume: 3024700.0
01/24/17 - 4:02 PM ET

Financial Analysis


BAYTEX ENERGY CORP's gross profit margin for the third 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 0.69 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 20.86% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)152.12208.37
EBITDA ($mil)40.89-115.86
EBIT ($mil)-78.81-279.97
Net Income ($mil)-39.43-519.25


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)0.90.23
Total Assets ($mil)4995.885893.76
Total Debt ($mil)1822.231764.38
Equity ($mil)2169.862742.06


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin35.63-47.93
EBITDA Margin26.88-55.6
Operating Margin-51.81-134.36
Sales Turnover0.120.18
Return on Assets-10.78-18.41
Return on Equity-24.82-39.58
Debt Q3 FY16 Q3 FY15
Current Ratio0.860.64
Debt/Capital0.460.39
Interest Expense26.9425.94
Interest Coverage-2.93-10.79


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)211.54210.23
Div / share0.00.15
EPS-0.19-2.5
Book value / share10.2613.04
Institutional Own % n/a n/a
Avg Daily Volume3012540.02531989.0

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 0.39 indicates a significant discount versus the S&P 500 average of 2.83 and a significant discount versus the industry average of 9.26. 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 43.26   BTE 4.02 Peers 13.65

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 314.32   BTE NA Peers 2.49

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 0.39 Peers 9.26   BTE 56.17 Peers -159.32

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 1.42 Peers 2.64   BTE -43.50 Peers -32.35

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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