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 $74.4M against $41.8M — 1.8× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; Cross Timbers Royalty Trust trades at 23.8×. 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 23.75 9.67
P/S 0.12 6.01 1.76
P/B n/m 36.11 1.19
Price to free cash flow 0.34 n/m 8.37
EV/EBITDA 1.95 15.84 4.59
EV/Sales 0.55 5.87 2.27
Earnings yield (682.43%) 4.21% 7.55%
Free cash flow yield 295.56% 0.00% 3.98%

Profitability

Metric BATL CRT Oil & Gas E&P median
Gross margin 37.73% 38.72% 79.54%
Operating margin (3.21%) 37.08% 24.01%
Net margin (51.08%) 25.30% 14.11%
Free cash flow margin 35.45% 0.00% 7.72%
Return on equity 715.46% 145.08% 8.99%
Return on assets (17.89%) 84.63% 4.63%
Return on invested capital (1.20%) 877.28% 6.33%

Growth

Metric BATL CRT Oil & Gas E&P median
Revenue growth (TTM) (11.96%) (22.38%) 13.60%
EPS growth (last fiscal year) 42.56% (21.05%) (10.17%)
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 0.29
Current ratio 2.19 1.00 0.92
Net debt to EBITDA 3.73 (0.35) 0.93

Dividend

Metric BATL CRT Oil & Gas E&P median
Dividend yield — 6.76% 3.76%
Payout ratio — 1.60 0.33

Size

Metric BATL CRT Oil & Gas E&P median
Market cap 41.80m 74.40m 953.29m

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