Battalion Oil Corporation (BATL) vs VOC Energy Trust (VOC)

Battalion Oil Corporation and VOC Energy Trust are both Oil & Gas E&P companies. Battalion Oil Corporation is the larger, with a market value of $64.7M against $57.5M — 1.1× the size. Battalion Oil Corporation has negative trailing earnings, so its P/E is not meaningful; VOC Energy Trust trades at 8.3×. Battalion Oil Corporation grew revenue faster over the last twelve months: −12.0% against −31.8%. VOC Energy Trust has the higher net margin (91.5% vs −51.1%) and the higher return on invested capital (0.00% vs −1.20%). Across the 19 metrics below, VOC Energy Trust leads on 10 and Battalion Oil Corporation on 9.

Valuation

Metric BATL VOC Oil & Gas E&P median
P/E n/m 8.32 10.57
P/S 0.17 7.71 1.80
P/B n/m 6.39 1.27
Price to free cash flow 0.48 n/m 9.99
EV/EBITDA 2.13 7.10 5.08
EV/Sales 0.60 6.50 2.39
Earnings yield (480.95%) 12.02% 6.06%
Free cash flow yield 208.30% 0.00% 6.17%

Profitability

Metric BATL VOC Oil & Gas E&P median
Gross margin 37.73% 100.00% 80.41%
Operating margin (3.21%) 91.52% 21.39%
Net margin (51.08%) 91.52% 14.17%
Free cash flow margin 35.45% 0.00% 9.71%
Return on equity 715.46% 68.29% 10.05%
Return on assets (17.89%) 68.29% 5.81%
Return on invested capital (1.20%) 0.00% 6.32%

Growth

Metric BATL VOC Oil & Gas E&P median
Revenue growth (TTM) (11.96%) (31.76%) 9.94%
EPS growth (last fiscal year) 42.56% (39.73%) —
Revenue growth, 5-year CAGR 2.29% 11.48% 18.67%
Net income growth, 5-year CAGR 0.00% 14.09% 0.00%

Health

Metric BATL VOC Oil & Gas E&P median
Debt to equity 0.78 0.00 0.28
Current ratio 2.19 0.00 0.96
Net debt to EBITDA 3.73 (1.41) 0.91

Dividend

Metric BATL VOC Oil & Gas E&P median
Dividend yield — 12.95% 4.93%
Payout ratio 0.00 1.00 0.07

Size

Metric BATL VOC Oil & Gas E&P median
Market cap 64.68m 57.46m 923.59m

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