AleAnna Inc. (ANNA) vs San Juan Basin Royalty Trust (SJT)

AleAnna Inc. and San Juan Basin Royalty Trust are both Oil & Gas E&P companies. AleAnna Inc. is the larger, with a market value of $184.7M against $158.5M — 1.2× the size. San Juan Basin Royalty Trust has negative trailing earnings, so its P/E is not meaningful; AleAnna Inc. trades at 14.3×. AleAnna Inc. grew revenue faster over the last twelve months: 555.0% against −97.4%. AleAnna Inc. has the higher net margin (19.8% vs −71,072.7%) and the higher return on invested capital (22.6% vs −18.3%). Across the 17 metrics below, AleAnna Inc. leads on 16 and San Juan Basin Royalty Trust on 1.

Valuation

Metric ANNA SJT Oil & Gas E&P median
P/E 14.26 n/m 10.57
P/S 2.78 144,911.62 1.80
P/B 1.68 91.98 1.27
Price to free cash flow 10.79 n/m 9.99
EV/EBITDA 4.74 n/m 5.08
EV/Sales 1.93 145,766.62 2.39
Earnings yield 7.01% (0.49%) 6.06%
Free cash flow yield 9.27% 0.00% 6.17%

Profitability

Metric ANNA SJT Oil & Gas E&P median
Gross margin 79.77% 100.00% 80.41%
Operating margin 28.95% (71,072.73%) 21.39%
Net margin 19.76% (71,072.73%) 14.17%
Free cash flow margin 25.73% 0.00% 9.71%
Return on equity 13.35% (36.81%) 10.05%
Return on assets 8.00% (29.00%) 5.81%
Return on invested capital 22.56% (18.28%) 6.32%

Growth

Metric ANNA SJT Oil & Gas E&P median
Revenue growth (TTM) 554.95% (97.42%) 9.94%
EPS growth (last fiscal year) 100.91% (109.09%) —
Revenue growth, 5-year CAGR — (73.35%) 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ANNA SJT Oil & Gas E&P median
Debt to equity 0.00 0.55 0.28
Current ratio 1.90 0.00 0.96
Net debt to EBITDA (5.40) (0.94) 0.91

Dividend

Metric ANNA SJT Oil & Gas E&P median
Dividend yield — 22.89% 4.93%
Payout ratio 0.00 1.00 0.07

Size

Metric ANNA SJT Oil & Gas E&P median
Market cap 184.74m 158.47m 923.59m

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