Baytex Energy Corp

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BTE : NYSE : Basic Materials
$2.45 -0.05 | -2.0%
Today's Range: 2.43 - 2.5
Avg. Daily Volume: 1621800.0
07/21/17 - 4:02 PM ET

Financial Analysis


BAYTEX ENERGY CORP's gross profit margin for the first quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. BAYTEX ENERGY CORP has weak liquidity. Currently, the Quick Ratio is 0.81 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 12.57% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)203.37119.02
EBITDA ($mil)102.6920.13
EBIT ($mil)-21.83-123.2
Net Income ($mil)11.10.61


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)3.050.45
Total Assets ($mil)4702.425197.91
Total Debt ($mil)1813.961807.6
Equity ($mil)1976.442260.81


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin57.3330.05
EBITDA Margin50.4916.91
Operating Margin-10.73-103.52
Sales Turnover0.150.15
Return on Assets-10.09-18.59
Return on Equity-24.01-42.74
Debt Q1 FY17 Q1 FY16
Current Ratio0.870.69
Debt/Capital0.480.44
Interest Expense26.3227.39
Interest Coverage-0.83-4.5


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)234.2210.69
Div / share0.00.0
EPS0.050.0
Book value / share8.4410.73
Institutional Own % n/a n/a
Avg Daily Volume1626077.02126227.0

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 0.30 indicates a significant discount versus the S&P 500 average of 3.07 and a significant discount versus the industry average of 79.95. 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 55.33   BTE 2.28 Peers 15.52

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 58.89   BTE NA Peers 0.55

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 0.30 Peers 79.95   BTE 52.27 Peers 95.84

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BTE 0.85 Peers 2.26   BTE -11.14 Peers 7.37

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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