Barnwell Industries, Inc. (BRN) vs Mexco Energy Corporation (MXC)

Barnwell Industries, Inc. and Mexco Energy Corporation are both Oil & Gas E&P companies. Mexco Energy Corporation is the larger, with a market value of $23.0M against $14.0M — 1.6× the size. Barnwell Industries, Inc. has negative trailing earnings, so its P/E is not meaningful; Mexco Energy Corporation trades at 13.6×. Mexco Energy Corporation grew revenue faster over the last twelve months: −5.33% against −13.2%. Mexco Energy Corporation has the higher net margin (23.1% vs −46.7%) and the higher return on invested capital (5.13% vs −74.5%). Across the 18 metrics below, Mexco Energy Corporation leads on 16 and Barnwell Industries, Inc. on 2.

Valuation

Metric BRN MXC Oil & Gas E&P median
P/E n/m 13.57 10.57
P/S 1.15 3.11 1.80
P/B 1.51 1.04 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA n/m 4.88 5.08
EV/Sales 0.78 2.92 2.39
Earnings yield (52.13%) 7.37% 6.06%
Free cash flow yield (12.32%) (3.20%) 6.17%

Profitability

Metric BRN MXC Oil & Gas E&P median
Gross margin 28.37% 78.86% 80.41%
Operating margin (45.66%) 23.03% 21.39%
Net margin (46.69%) 23.05% 14.17%
Free cash flow margin (14.22%) (9.95%) 9.71%
Return on equity (62.16%) 8.00% 10.05%
Return on assets (24.07%) 7.32% 5.81%
Return on invested capital (74.45%) 5.13% 6.32%

Growth

Metric BRN MXC Oil & Gas E&P median
Revenue growth (TTM) (13.17%) (5.33%) 9.94%
EPS growth (last fiscal year) (26.79%) (22.22%) —
Revenue growth, 5-year CAGR (5.68%) 18.58% 18.67%
Net income growth, 5-year CAGR 0.00% 52.97% 0.00%

Health

Metric BRN MXC Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 1.90 6.16 0.96
Net debt to EBITDA 2.06 (0.72) 0.91

Dividend

Metric BRN MXC Oil & Gas E&P median
Dividend yield 1.87% — 4.93%
Payout ratio 0.00 0.00 0.07

Size

Metric BRN MXC Oil & Gas E&P median
Market cap 14.00m 22.98m 923.59m

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