BKV Corporation (BKV) vs Mach Natural Resources LP (MNR)

BKV Corporation and Mach Natural Resources LP are both Oil & Gas E&P companies. BKV Corporation is the larger, with a market value of $2.0B against $1.7B — 1.2× the size. BKV Corporation trades at the lower P/E: 6.6× against 11.4×. Mach Natural Resources LP grew revenue faster over the last twelve months: 36.8% against 29.7%. BKV Corporation has the higher net margin (14.9% vs 10.5%) and the higher return on invested capital (8.14% vs 5.30%). Across the 19 metrics below, BKV Corporation leads on 15 and Mach Natural Resources LP on 4.

Valuation

Metric BKV MNR Oil & Gas E&P median
P/E 6.64 11.42 9.67
P/S 1.12 1.19 1.76
P/B 0.84 0.90 1.19
Price to free cash flow n/m 5.97 8.37
EV/EBITDA 4.69 4.44 4.59
EV/Sales 1.72 2.06 2.27
Earnings yield 15.07% 8.75% 7.55%
Free cash flow yield (29.51%) 16.74% 3.98%

Profitability

Metric BKV MNR Oil & Gas E&P median
Gross margin 57.77% 0.00% 79.54%
Operating margin 25.08% 17.91% 24.01%
Net margin 14.85% 10.47% 14.11%
Free cash flow margin (32.96%) 42.01% 7.72%
Return on equity 13.46% 0.00% 8.99%
Return on assets 8.15% 3.91% 4.63%
Return on invested capital 8.14% 5.30% 6.33%

Growth

Metric BKV MNR Oil & Gas E&P median
Revenue growth (TTM) 29.65% 36.75% 13.60%
EPS growth (last fiscal year) 199.00% (42.63%) (10.17%)
Revenue growth, 5-year CAGR — — 18.67%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BKV MNR Oil & Gas E&P median
Debt to equity 0.53 0.63 0.29
Current ratio 1.15 0.79 0.92
Net debt to EBITDA 1.74 2.03 0.93

Dividend

Metric BKV MNR Oil & Gas E&P median
Dividend yield — — 3.76%
Payout ratio — — 0.33

Size

Metric BKV MNR Oil & Gas E&P median
Market cap 1.98b 1.66b 953.29m

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