BKV Corporation (BKV) vs Kosmos Energy Ltd. (KOS)

BKV Corporation and Kosmos Energy Ltd. are both Oil & Gas E&P companies. BKV Corporation is the larger, with a market value of $2.5B against $1.7B — 1.5× the size. Kosmos Energy Ltd. has negative trailing earnings, so its P/E is not meaningful; BKV Corporation trades at 7.9×. BKV Corporation grew revenue faster over the last twelve months: 29.7% against 7.13%. BKV Corporation has the higher net margin (15.2% vs −34.0%) and the higher return on invested capital (8.14% vs 2.91%). Across the 18 metrics below, BKV Corporation leads on 15 and Kosmos Energy Ltd. on 3.

Valuation

Metric BKV KOS Oil & Gas E&P median
P/E 7.90 n/m 10.57
P/S 1.33 0.99 1.80
P/B 1.01 2.23 1.27
Price to free cash flow n/m 14.14 9.99
EV/EBITDA 5.27 6.00 5.08
EV/Sales 1.93 2.58 2.39
Earnings yield 12.65% (44.91%) 6.06%
Free cash flow yield (23.21%) 7.07% 6.17%

Profitability

Metric BKV KOS Oil & Gas E&P median
Gross margin 57.77% 47.27% 80.41%
Operating margin 25.08% 9.48% 21.39%
Net margin 15.23% (33.98%) 14.17%
Free cash flow margin (30.86%) 6.97% 9.71%
Return on equity 13.80% (62.95%) 10.05%
Return on assets 8.36% (11.39%) 5.81%
Return on invested capital 8.14% 2.91% 6.32%

Growth

Metric BKV KOS Oil & Gas E&P median
Revenue growth (TTM) 29.65% 7.13% 9.94%
EPS growth (last fiscal year) 199.00% (467.50%) —
Revenue growth, 5-year CAGR — 7.58% 18.67%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BKV KOS Oil & Gas E&P median
Debt to equity 0.53 3.79 0.28
Current ratio 1.15 0.59 0.96
Net debt to EBITDA 1.74 10.18 0.91

Dividend

Metric BKV KOS Oil & Gas E&P median
Dividend yield — — 4.93%
Payout ratio — 0.00 0.07

Size

Metric BKV KOS Oil & Gas E&P median
Market cap 2.53b 1.66b 923.59m

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