BTE Relative Valuation - Baytex Energy Corp

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Price: 2.84 CAD -2.41%

Market Cap: 2.2B CAD

Section:

Relative Value

The Relative Value of one BTE stock under the Base Case scenario is 6.35 CAD. Compared to the current market price of 2.84 CAD, Baytex Energy Corp is Undervalued by 55%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

BTE Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

0.7

P/S

vs History	79
vs Industry	60

Median 5Y

1.2

Industry

1.3

Forward

0.6

More Details

6.8

P/E

vs History	11
vs Industry	23

Median 5Y

1.9

Industry

10.6

Forward

10.6

More Details

1.1

P/OCF

vs History	80
vs Industry	53

Median 5Y

2.8

Industry

4.9

More Details

19.6

P/FCFE

vs History	30
vs Industry	9

Median 5Y

4.9

Industry

10.4

More Details

0.5

P/B

vs History	92
vs Industry	61

Median 5Y

Industry

1.2

More Details

1.3

EV/S

vs History	95
vs Industry	51

Median 5Y

2.2

Industry

1.9

Forward

1.3

More Details

1.6

EV/GP

vs History	95
vs Industry	68

Median 5Y

2.8

Industry

4.7

More Details

EV/EBITDA

vs History	90
vs Industry	49

Median 5Y

3.4

Industry

6.2

Forward

2.2

More Details

5.2

EV/EBIT

vs History	57
vs Industry	35

Median 5Y

6.2

Industry

8.9

Forward

3.3

More Details

2.2

EV/OCF

vs History	95
vs Industry	50

Median 5Y

4.4

Industry

6.5

More Details

6.4

EV/FCFF

vs History	92
vs Industry	29

Median 5Y

12.5

Industry

10.5

More Details

0.6

EV/IC

vs History	95
vs Industry	53

Median 5Y

0.8

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
CA		Baytex Energy Corp TSX:BTE	2.2B CAD	0.7	6.8	2	5.2
US		Conocophillips NYSE:COP	119.5B USD	2.1	12.6	5.7	9.9
CN	C	CNOOC Ltd SSE:600938	730.1B CNY	1.8	5.4	3.3	3.3
CA		Canadian Natural Resources Ltd TSX:CNQ	96.5B CAD	2.5	12.7	6.2	10.1
US		EOG Resources Inc NYSE:EOG	69.1B USD	3	11.4	5.4	8.1
US	P	Pioneer Natural Resources Co LSE:0KIX	46B USD	2.4	9.4	5.4	7.8
US		Hess Corp NYSE:HES	44.7B USD	3.6	20.1	8	13
US	V	Venture Global Inc NYSE:VG	44.2B USD	8.3	48.1	29.2	37.6
US		Diamondback Energy Inc NASDAQ:FANG	42.8B USD	3.3	10.8	6.2	10.2
US		EQT Corp NYSE:EQT	36.2B USD	6.5	98	16.8	135.1
AU		Woodside Energy Group Ltd ASX:WDS	49.1B AUD	2.4	8.9	4	7.8

				Revenue Growth	P/S to Growth
CA		Baytex Energy Corp TSX:BTE	Average P/S: 3.3 0.7	-3%	N/A
US		Conocophillips NYSE:COP	2.1	5%	0.4
CN	C	CNOOC Ltd SSE:600938	1.8	2%	0.9
CA		Canadian Natural Resources Ltd TSX:CNQ	2.5	5%	0.5
US		EOG Resources Inc NYSE:EOG	3	4%	0.7
US	P	Pioneer Natural Resources Co LSE:0KIX	2.4	-1%	N/A
US		Hess Corp NYSE:HES	3.6	5%	0.7
US	V	Venture Global Inc NYSE:VG	8.3	49%	0.2
US		Diamondback Energy Inc NASDAQ:FANG	3.3	11%	0.3
US		EQT Corp NYSE:EQT	6.5	21%	0.3
AU		Woodside Energy Group Ltd ASX:WDS	2.4	0%	N/A

				Earnings Growth	PEG
CA		Baytex Energy Corp TSX:BTE	Average P/E: 22.2 6.8	N/A	N/A
US		Conocophillips NYSE:COP	12.6	6%	2.1
CN	C	CNOOC Ltd SSE:600938	5.4	2%	2.7
CA		Canadian Natural Resources Ltd TSX:CNQ	12.7	20%	0.6
US		EOG Resources Inc NYSE:EOG	11.4	1%	11.4
US	P	Pioneer Natural Resources Co LSE:0KIX	9.4	1%	9.4
US		Hess Corp NYSE:HES	20.1	11%	1.8
US	V	Venture Global Inc NYSE:VG	48.1	8%	6
US		Diamondback Energy Inc NASDAQ:FANG	10.8	12%	0.9
US		EQT Corp NYSE:EQT	98	121%	0.8
AU		Woodside Energy Group Ltd ASX:WDS	8.9	-21%	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Johnson & Johnson NYSE:JNJ	149.79 USD -0.62%
	Berkshire Hathaway Inc NYSE:BRK.A	730 000 USD 0.25%
	Bank of America Corp NYSE:BAC	45.5 USD 0.98%
	Mastercard Inc NYSE:MA	532.97 USD -1.07%
	UnitedHealth Group Inc NYSE:UNH	302.01 USD -1.69%
	Exxon Mobil Corp NYSE:XOM	114.7 USD 1.33%

	Franklin Covey Co NYSE:FC	22.27 USD 0.04%
	Mohawk Industries Inc NYSE:MHK	99.53 USD 1.57%
	Ardmore Shipping Corp NYSE:ASC	10.13 USD -3.89%
	ASGN Inc NYSE:ASGN	48.58 USD -1.38%
	Skyworks Solutions Inc NASDAQ:SWKS	72.13 USD 0.71%
	Weatherford International PLC NASDAQ:WFRD	51.04 USD -0.27%

	Johnson & Johnson NYSE:JNJ	149.79 USD -0.62%
	Bank of America Corp NYSE:BAC	45.5 USD 0.98%
	Mastercard Inc NYSE:MA	532.97 USD -1.07%
	Salesforce Inc NYSE:CRM	260.63 USD 0.44%
	Abbvie Inc NYSE:ABBV	185.3 USD -0.1%
	Home Depot Inc NYSE:HD	349.62 USD 0.75%

	Arista Networks Inc NYSE:ANET	86.25 USD -4.42%
	Deckers Outdoor Corp NYSE:DECK	101.69 USD 0.68%
	Visa Inc NYSE:V	338.57 USD -0.53%
	Texas Pacific Land Corp NYSE:TPL	1 084.21 USD 0.41%
	KLA Corp NASDAQ:KLAC	850 USD -2.43%
	Manhattan Associates Inc NASDAQ:MANH	186.29 USD -1.17%

Baytex Energy Corp
TSX:BTE

Relative Value

Valuation Multiples

Multiples Across Competitors

BTE Competitors Multiples
Baytex Energy Corp Competitors

See Also

Company

Help

Tools

Stocks

				EBITDA Growth	EV/EBITDA to Growth
CA		Baytex Energy Corp TSX:BTE	Average EV/EBITDA: 8.4 2	-12%	N/A
US		Conocophillips NYSE:COP	5.7	8%	0.7
CN	C	CNOOC Ltd SSE:600938	3.3	12%	0.3
CA		Canadian Natural Resources Ltd TSX:CNQ	6.2	1%	6.2
US		EOG Resources Inc NYSE:EOG	5.4	2%	2.7
US	P	Pioneer Natural Resources Co LSE:0KIX	5.4	4%	1.3
US		Hess Corp NYSE:HES	8	8%	1
US	V	Venture Global Inc NYSE:VG	29.2	40%	0.7
US		Diamondback Energy Inc NASDAQ:FANG	6.2	13%	0.5
US		EQT Corp NYSE:EQT	16.8	38%	0.4
AU		Woodside Energy Group Ltd ASX:WDS	4	-5%	N/A

				EBIT Growth	EV/EBIT to Growth
CA		Baytex Energy Corp TSX:BTE	Average EV/EBIT: 22.6 5.2	-41%	N/A
US		Conocophillips NYSE:COP	9.9	10%	1
CN	C	CNOOC Ltd SSE:600938	3.3	0%	N/A
CA		Canadian Natural Resources Ltd TSX:CNQ	10.1	6%	1.7
US		EOG Resources Inc NYSE:EOG	8.1	-2%	N/A
US	P	Pioneer Natural Resources Co LSE:0KIX	7.8	2%	3.9
US		Hess Corp NYSE:HES	13	8%	1.6
US	V	Venture Global Inc NYSE:VG	37.6	27%	1.4
US		Diamondback Energy Inc NASDAQ:FANG	10.2	6%	1.7
US		EQT Corp NYSE:EQT	135.1	127%	1.1
AU		Woodside Energy Group Ltd ASX:WDS	7.8	-9%	N/A

	Salesforce Inc NYSE:CRM	260.63 USD 0.44%
	Accenture PLC NYSE:ACN	285.37 USD -6.86%
	ServiceNow Inc NYSE:NOW	971.41 USD -1.09%
	Spotify Technology SA NYSE:SPOT	707.42 USD -0.39%
	EOG Resources Inc NYSE:EOG	125.32 USD 1.24%
	Monster Beverage Corp NASDAQ:MNST	63.09 USD -0.16%

52 Week Range	2.07 5.2
Price Target

Baytex Energy Corp TSX:BTE

Relative Value

Valuation Multiples

Multiples Across Competitors

BTE Competitors Multiples Baytex Energy Corp Competitors

See Also

Company

Help

Tools

Stocks

Baytex Energy Corp
TSX:BTE

BTE Competitors Multiples
Baytex Energy Corp Competitors