Battalion Oil Corporation (BATL) vs North European Oil Royality Trust (NRT)

Battalion Oil Corporation and North European Oil Royality Trust are both Oil & Gas E&P companies. North European Oil Royality Trust is the larger, with a market value of $79.2M against $64.7M — 1.2× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; North European Oil Royality Trust trades at 8.4×. North European Oil Royality Trust grew revenue faster over the last twelve months: 64.3% against −12.0%. North European Oil Royality Trust has the higher net margin (91.4% vs −51.1%) and the higher return on invested capital (0.00% vs −1.20%). Across the 20 metrics below, North European Oil Royality Trust leads on 12 and Battalion Oil Corporation on 8.

Valuation

Metric BATL NRT Oil & Gas E&P median
P/E n/m 8.43 10.57
P/S 0.17 7.68 1.80
P/B n/m 40.04 1.27
Price to free cash flow 0.48 15.64 9.99
EV/EBITDA 2.13 7.26 5.08
EV/Sales 0.60 7.26 2.39
Earnings yield (480.95%) 11.86% 6.06%
Free cash flow yield 208.30% 6.40% 6.17%

Profitability

Metric BATL NRT Oil & Gas E&P median
Gross margin 37.73% 100.00% 80.41%
Operating margin (3.21%) 100.00% 21.39%
Net margin (51.08%) 91.36% 14.17%
Free cash flow margin 35.45% 0.00% 9.71%
Return on equity 715.46% 491.65% 10.05%
Return on assets (17.89%) 218.59% 5.81%
Return on invested capital (1.20%) 0.00% 6.32%

Growth

Metric BATL NRT Oil & Gas E&P median
Revenue growth (TTM) (11.96%) 64.32% 9.94%
EPS growth (last fiscal year) 42.56% 56.36% —
Revenue growth, 5-year CAGR 2.29% 16.39% 18.67%
Net income growth, 5-year CAGR 0.00% 19.29% 0.00%

Health

Metric BATL NRT Oil & Gas E&P median
Debt to equity 0.78 0.00 0.28
Current ratio 2.19 1.83 0.96
Net debt to EBITDA 3.73 (0.55) 0.91

Dividend

Metric BATL NRT Oil & Gas E&P median
Dividend yield — 45.47% 4.93%
Payout ratio 0.00 1.06 0.07

Size

Metric BATL NRT Oil & Gas E&P median
Market cap 64.68m 79.18m 923.59m

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