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 $62.0M against $41.8M — 1.5× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; North European Oil Royality Trust trades at 6.6×. 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 6.63 9.67
P/S 0.12 6.04 1.76
P/B n/m 31.48 1.19
Price to free cash flow 0.34 12.29 8.37
EV/EBITDA 1.95 5.61 4.59
EV/Sales 0.55 5.61 2.27
Earnings yield (682.43%) 15.09% 7.55%
Free cash flow yield 295.56% 8.14% 3.98%

Profitability

Metric BATL NRT Oil & Gas E&P median
Gross margin 37.73% 100.00% 79.54%
Operating margin (3.21%) 100.00% 24.01%
Net margin (51.08%) 91.36% 14.11%
Free cash flow margin 35.45% 0.00% 7.72%
Return on equity 715.46% 491.65% 8.99%
Return on assets (17.89%) 218.59% 4.63%
Return on invested capital (1.20%) 0.00% 6.33%

Growth

Metric BATL NRT Oil & Gas E&P median
Revenue growth (TTM) (11.96%) 64.32% 13.60%
EPS growth (last fiscal year) 42.56% 56.36% (10.17%)
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 0.29
Current ratio 2.19 1.83 0.92
Net debt to EBITDA 3.73 (0.55) 0.93

Dividend

Metric BATL NRT Oil & Gas E&P median
Dividend yield — 14.94% 3.76%
Payout ratio — 0.99 0.33

Size

Metric BATL NRT Oil & Gas E&P median
Market cap 41.80m 62.04m 953.29m

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