Baytex Energy Corp

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BTE : NYSE : Basic Materials
$3.44 up 0.03 | 0.88%
Today's Range: 3.4 - 3.49
Avg. Daily Volume: 1896900.0
05/23/17 - 3:59 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
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
Book value / share8.4811.47
Institutional Own % n/a n/a
Avg Daily Volume1890895.02874306.0


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 0.39 indicates a significant discount versus the S&P 500 average of 3.00 and a significant discount versus the industry average of 79.83. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BTE NM Peers 138.04   BTE 3.09 Peers 10.48

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
BTE NA Peers 34.57   BTE NA Peers 0.63

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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BTE 0.39 Peers 79.83   BTE 60.15 Peers 83.60

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BTE 1.27 Peers 2.32   BTE -31.60 Peers 2.83

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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