` Comparison: BTE, 600938 - Alpha Spread

BTE
vs
C
600938

Over the past 12 months, BTE has underperformed CNOOC Ltd, delivering a return of -41% compared to the CNOOC Ltd's 12% drop.

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BTE
600938
One-click summary across all key metrics.
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One-click summary across all key metrics.
Ranked results with clear takeaways.
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Valuation
Growth
Profitability
Solvency
Comparing Valuation
Running a multi-layered valuation analysis to compare how attractive each stock is.
Comparing Growth
Financial growth, forecasts, volatility, and historical drawdowns.
Comparing Profitability
Margins, returns on capital, and the consistency of profitability.
Comparing Solvency
Debt levels, liquidity, interest coverage, and bankruptcy risk.
Summarizing...
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Valuation Comparison

BTE Intrinsic Value
3.6 CAD
Undervaluation 21%
Intrinsic Value
Price
C
Intrinsic Value
69.29 CNY
Undervaluation 62%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Baytex Energy Corp
TSX:BTE
2.84 CAD
C
CNOOC Ltd
SSE:600938
26.06 CNY
Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
BTE, 600938

BTE
600938
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Baytex Energy Corp
Revenue
C
CNOOC Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
BTE, 600938

BTE
600938
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Baytex Energy Corp
TSX:BTE
C
CNOOC Ltd
SSE:600938
What is Free Cash Flow?

Gross Margin

BTE
81.2%
CNOOC Ltd
49.1%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

Operating Margin

BTE
24.9%
CNOOC Ltd
44.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

Net Margin

BTE
9.6%
CNOOC Ltd
32.4%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

FCF Margin

BTE
20.5%
CNOOC Ltd
23.6%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

ROE

BTE
7.9%
CNOOC Ltd
18.5%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

ROA

BTE
4.1%
CNOOC Ltd
12.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

ROIC

BTE
8.1%
CNOOC Ltd
17%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

ROCE

BTE
11.7%
CNOOC Ltd
19.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Baytex Energy Corp
C
CNOOC Ltd

Solvency Comparison

Balance Sheet Comparison

Stocks Performance

Stocks Performance
BTE, 600938

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Performance Gap
BTE, 600938

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BTE
600938
Difference
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Performance By Year
BTE, 600938

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BTE
600938
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