BKV Corporation (BKV) vs Black Stone Minerals, L.P. (BSM)

BKV Corporation and Black Stone Minerals, L.P. are both Oil & Gas E&P companies. Black Stone Minerals, L.P. is the larger, with a market value of $3.1B against $2.5B — 1.2× the size. BKV Corporation trades at the lower P/E: 7.9× against 11.9×. BKV Corporation grew revenue faster over the last twelve months: 29.7% against 5.07%. Black Stone Minerals, L.P. has the higher net margin (55.3% vs 15.2%) and the higher return on invested capital (14.1% vs 8.14%). Across the 19 metrics below, Black Stone Minerals, L.P. leads on 11 and BKV Corporation on 8.

Valuation

Metric BKV BSM Oil & Gas E&P median
P/E 7.90 11.92 10.57
P/S 1.33 6.67 1.80
P/B 1.01 3.77 1.27
Price to free cash flow n/m 9.99 9.99
EV/EBITDA 5.27 9.75 5.08
EV/Sales 1.93 7.09 2.39
Earnings yield 12.65% 8.39% 6.06%
Free cash flow yield (23.21%) 10.01% 6.17%

Profitability

Metric BKV BSM Oil & Gas E&P median
Gross margin 57.77% 100.00% 80.41%
Operating margin 25.08% 64.34% 21.39%
Net margin 15.23% 55.30% 14.17%
Free cash flow margin (30.86%) 66.81% 9.71%
Return on equity 13.80% 31.47% 10.05%
Return on assets 8.36% 19.30% 5.81%
Return on invested capital 8.14% 14.13% 6.32%

Growth

Metric BKV BSM Oil & Gas E&P median
Revenue growth (TTM) 29.65% 5.07% 9.94%
EPS growth (last fiscal year) 199.00% 11.30% —
Revenue growth, 5-year CAGR — 6.51% 18.67%
Net income growth, 5-year CAGR — 21.82% 0.00%

Health

Metric BKV BSM Oil & Gas E&P median
Debt to equity 0.53 0.18 0.28
Current ratio 1.15 3.76 0.96
Net debt to EBITDA 1.74 0.44 0.91

Dividend

Metric BKV BSM Oil & Gas E&P median
Dividend yield — 11.86% 4.93%
Payout ratio — — 0.07

Size

Metric BKV BSM Oil & Gas E&P median
Market cap 2.53b 3.12b 923.59m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack