BKV Corporation (BKV) vs Vermilion Energy Inc. (VET)

BKV Corporation and Vermilion Energy Inc. are both Oil & Gas E&P companies. BKV Corporation is the larger, with a market value of $2.5B against $1.8B — 1.4× the size. Vermilion Energy Inc. 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 −5.20%. BKV Corporation has the higher net margin (15.2% vs −24.5%) and the higher return on invested capital (8.14% vs 5.93%). Across the 18 metrics below, BKV Corporation leads on 13 and Vermilion Energy Inc. on 5.

Valuation

Metric BKV VET Oil & Gas E&P median
P/E 7.90 n/m 10.57
P/S 1.33 1.37 1.80
P/B 1.01 1.14 1.27
Price to free cash flow n/m 3.01 9.99
EV/EBITDA 5.27 3.62 5.08
EV/Sales 1.93 2.09 2.39
Earnings yield 12.65% (18.02%) 6.06%
Free cash flow yield (23.21%) 33.17% 6.17%

Profitability

Metric BKV VET Oil & Gas E&P median
Gross margin 57.77% 62.13% 80.41%
Operating margin 25.08% 18.12% 21.39%
Net margin 15.23% (24.50%) 14.17%
Free cash flow margin (30.86%) 45.31% 9.71%
Return on equity 13.80% (18.15%) 10.05%
Return on assets 8.36% (7.23%) 5.81%
Return on invested capital 8.14% 5.93% 6.32%

Growth

Metric BKV VET Oil & Gas E&P median
Revenue growth (TTM) 29.65% (5.20%) 9.94%
EPS growth (last fiscal year) 199.00% (1,281.82%) —
Revenue growth, 5-year CAGR — 8.21% 18.67%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric BKV VET Oil & Gas E&P median
Debt to equity 0.53 0.63 0.28
Current ratio 1.15 1.00 0.96
Net debt to EBITDA 1.74 1.30 0.91

Dividend

Metric BKV VET Oil & Gas E&P median
Dividend yield — 2.93% 4.93%
Payout ratio — 0.05 0.07

Size

Metric BKV VET Oil & Gas E&P median
Market cap 2.53b 1.82b 923.59m

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