Battalion Oil Corporation (BATL) vs Cross Timbers Royalty Trust (CRT)

Battalion Oil Corporation and Cross Timbers Royalty Trust are both Oil & Gas E&P companies. Cross Timbers Royalty Trust is the larger, with a market value of $77.2M against $59.0M — 1.3× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; Cross Timbers Royalty Trust trades at 24.2×. Battalion Oil Corporation grew revenue faster over the last twelve months: −12.0% against −22.4%. Cross Timbers Royalty Trust has the higher net margin (25.3% vs −51.1%) and the higher return on invested capital (877.3% vs −1.20%). Across the 19 metrics below, Battalion Oil Corporation leads on 10 and Cross Timbers Royalty Trust on 9.

Valuation

Metric BATL CRT Oil & Gas E&P median
P/E n/m 24.15 11.01
P/S 0.17 6.11 1.98
P/B n/m 36.71 1.30
Price to free cash flow 0.48 n/m 10.68
EV/EBITDA 2.13 16.11 5.09
EV/Sales 0.60 5.97 2.63
Earnings yield (480.95%) 4.14% 5.78%
Free cash flow yield 208.30% 0.00% 4.91%

Profitability

Metric BATL CRT Oil & Gas E&P median
Gross margin 37.73% 38.72% 80.41%
Operating margin (3.21%) 37.08% 21.39%
Net margin (51.08%) 25.30% 14.17%
Free cash flow margin 35.45% 0.00% 8.18%
Return on equity 715.46% 145.08% 10.05%
Return on assets (17.89%) 84.63% 5.81%
Return on invested capital (1.20%) 877.28% 6.32%

Growth

Metric BATL CRT Oil & Gas E&P median
Revenue growth (TTM) (11.96%) (22.38%) 9.94%
EPS growth (last fiscal year) 42.56% (21.05%) (10.50%)
Revenue growth, 5-year CAGR 2.29% 5.24% 18.67%
Net income growth, 5-year CAGR 0.00% (0.80%) 0.00%

Health

Metric BATL CRT Oil & Gas E&P median
Debt to equity 0.78 0.00 0.28
Current ratio 2.19 1.00 0.96
Net debt to EBITDA 3.73 (0.35) 0.89

Dividend

Metric BATL CRT Oil & Gas E&P median
Dividend yield — 5.06% 3.29%
Payout ratio — 1.22 0.35

Size

Metric BATL CRT Oil & Gas E&P median
Market cap 59.00m 77.16m 1.04b

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