Baytex Energy Corp

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BTE : NYSE : Basic Materials
$2.91 | %
Today's Range: 2.88 - 2.99
Avg. Daily Volume: 1286800.0
09/22/17 - 4:01 PM ET

Financial Analysis


BAYTEX ENERGY CORP's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. BAYTEX ENERGY CORP has weak liquidity. Currently, the Quick Ratio is 0.83 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 11.66% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)214.36153.35
EBITDA ($mil)100.173.66
EBIT ($mil)-33.28-49.85
Net Income ($mil)9.27-86.94


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)2.370.42
Total Assets ($mil)4582.055089.28
Total Debt ($mil)1787.11868.15
Equity ($mil)1929.142183.87


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin53.9357.25
EBITDA Margin46.6948.03
Operating Margin-15.53-32.51
Sales Turnover0.160.13
Return on Assets-8.26-20.13
Return on Equity-19.61-46.92
Debt Q2 FY17 Q2 FY16
Current Ratio0.980.83
Debt/Capital0.480.46
Interest Expense27.0726.32
Interest Coverage-1.23-1.89


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)234.2210.72
Div / share0.00.0
EPS0.04-0.41
Book value / share8.2410.36
Institutional Own % n/a n/a
Avg Daily Volume1359938.01824892.0

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 0.34 indicates a significant discount versus the S&P 500 average of 3.10 and a significant discount versus the industry average of 475.26. 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 54.14   BTE 2.47 Peers 11.41

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 53.05   BTE NA Peers 0.57

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 0.34 Peers 475.26   BTE 64.09 Peers 184.28

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 0.88 Peers 2.13   BTE 13.10 Peers 21.12

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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