Battalion Oil Corporation (BATL) vs PERMIANVILLE ROYALTY TRUST (PVL)

Battalion Oil Corporation and PERMIANVILLE ROYALTY TRUST are both Oil & Gas E&P companies. PERMIANVILLE ROYALTY TRUST is the larger, with a market value of $58.7M against $41.8M — 1.4× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; PERMIANVILLE ROYALTY TRUST trades at 7.3×. PERMIANVILLE ROYALTY TRUST grew revenue faster over the last twelve months: −4.59% against −12.0%. PERMIANVILLE ROYALTY TRUST has the higher net margin (17.0% vs −51.1%) and the higher return on invested capital (20.4% vs −1.20%). Across the 19 metrics below, PERMIANVILLE ROYALTY TRUST leads on 10 and Battalion Oil Corporation on 9.

Valuation

Metric BATL PVL Oil & Gas E&P median
P/E n/m 7.30 9.67
P/S 0.12 1.15 1.76
P/B n/m n/m 1.19
Price to free cash flow 0.34 n/m 8.37
EV/EBITDA 1.95 5.15 4.59
EV/Sales 0.55 1.08 2.27
Earnings yield (682.43%) 13.69% 7.55%
Free cash flow yield 295.56% 0.00% 3.98%

Profitability

Metric BATL PVL Oil & Gas E&P median
Gross margin 37.73% 54.71% 79.54%
Operating margin (3.21%) 21.04% 24.01%
Net margin (51.08%) 17.01% 14.11%
Free cash flow margin 35.45% 0.00% 7.72%
Return on equity 715.46% 0.00% 8.99%
Return on assets (17.89%) 22.28% 4.63%
Return on invested capital (1.20%) 20.40% 6.33%

Growth

Metric BATL PVL Oil & Gas E&P median
Revenue growth (TTM) (11.96%) (4.59%) 13.60%
EPS growth (last fiscal year) 42.56% 22.22% (10.17%)
Revenue growth, 5-year CAGR 2.29% 15.03% 18.67%
Net income growth, 5-year CAGR 0.00% (6.89%) 0.00%

Health

Metric BATL PVL Oil & Gas E&P median
Debt to equity 0.78 0.00 0.29
Current ratio 2.19 0.00 0.92
Net debt to EBITDA 3.73 (0.56) 0.93

Dividend

Metric BATL PVL Oil & Gas E&P median
Dividend yield — 11.01% 3.76%
Payout ratio — 0.80 0.33

Size

Metric BATL PVL Oil & Gas E&P median
Market cap 41.80m 58.74m 953.29m

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