Baytex Energy Corp.

DB:B5X Stock Report

Market Cap: €1.9b

Baytex Energy Valuation

Is B5X undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of B5X when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B5X (€2.16) is trading above our estimate of fair value (€1.03)

Significantly Below Fair Value: B5X is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B5X?

Key metric: As B5X is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for B5X. This is calculated by dividing B5X's market cap by their current revenue.
What is B5X's PS Ratio?
PS Ratio0.8x
SalesCA$3.36b
Market CapCA$2.80b

Price to Sales Ratio vs Peers

How does B5X's PS Ratio compare to its peers?

The above table shows the PS ratio for B5X vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
DR0 Deutsche Rohstoff
0.7x-3.7%€154.3m
CE2 CropEnergies
0.8x-14.0%€1.0b
ETG EnviTec Biogas
0.9xn/a€447.0m
VH2 Friedrich Vorwerk Group
1.2x10.2%€547.0m
B5X Baytex Energy
0.8x-6.1%€2.8b

Price-To-Sales vs Peers: B5X is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does B5X's PS Ratio compare vs other companies in the European Oil and Gas Industry?

24 CompaniesPrice / SalesEstimated GrowthMarket Cap
B5X 0.8xIndustry Avg. 1.2xNo. of Companies24PS00.81.62.43.24+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: B5X is good value based on its Price-To-Sales Ratio (0.8x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is B5X's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

B5X PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.8x
Fair PS Ratio1.8x

Price-To-Sales vs Fair Ratio: B5X is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst B5X forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.16
€3.77
+74.9%
6.1%€4.00€3.33n/a11
Dec ’25€2.66
€4.01
+50.7%
9.8%€5.06€3.71n/a11
Nov ’25€2.71
€3.94
+45.6%
9.8%€4.96€3.64n/a11
Oct ’25€2.66
€4.15
+56.2%
9.0%€5.02€3.68n/a10
Sep ’25€3.27
€4.30
+31.6%
9.5%€5.33€4.00n/a10
Aug ’25€3.41
€4.33
+27.0%
10.3%€5.33€4.00n/a10
Jul ’25€3.20
€4.43
+38.2%
10.4%€5.47€4.10n/a10
Jun ’25€3.35
€4.42
+31.9%
10.1%€5.43€4.07n/a11
May ’25€3.62
€4.44
+22.5%
11.5%€5.48€3.77n/a10
Apr ’25€3.19
€4.24
+32.9%
8.2%€4.92€3.73n/a9
Mar ’25€2.92
€4.41
+51.2%
10.3%€5.45€4.09n/a10
Feb ’25€2.90
€4.54
+56.2%
13.2%€5.51€3.44n/a11
Jan ’25€3.05
€5.04
+65.5%
8.2%€5.65€4.45n/a11
Dec ’24€3.51
€5.31
+51.2%
8.7%€6.20€4.52€2.6612
Nov ’24€4.05
€5.28
+30.5%
8.0%€5.79€4.60€2.7112
Oct ’24€4.31
€5.22
+21.0%
10.6%€5.97€4.21€2.6612
Sep ’24€3.70
€4.73
+27.6%
15.1%€5.76€3.56€3.2712
Aug ’24€3.67
€4.75
+29.5%
15.0%€5.83€3.60€3.4112
Jul ’24€2.93
€4.85
+65.4%
16.6%€6.25€3.82€3.2011
Jun ’24€2.93
€4.91
+67.3%
19.3%€6.97€3.74€3.359
May ’24€3.39
€5.04
+48.5%
17.7%€6.87€3.68€3.6210
Apr ’24€3.42
€5.09
+48.9%
17.6%€6.94€3.72€3.199
Mar ’24€3.62
€5.41
+49.3%
14.8%€7.07€3.79€2.9211
Feb ’24€4.19
€5.77
+37.6%
14.8%€8.30€5.19€2.9011
Jan ’24€4.07
€6.23
+53.0%
12.3%€8.33€5.20€3.0511
Dec ’23€4.80
€6.81
+41.9%
11.2%€8.94€5.96€3.5110

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 15:46
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Baytex Energy Corp. is covered by 30 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Capital Markets
Laique Ahmad Amir ArifATB Capital Markets
Grant HoferBarclays