Brooge Energy Limited (BROGF) vs Sabine Royalty Trust (SBR)

Brooge Energy Limited and Sabine Royalty Trust are both Oil & Gas Midstream companies. Sabine Royalty Trust is the larger, with a market value of $1.1B against $284.9M — 3.7× the size. Brooge Energy Limited has negative trailing earnings, so its P/E is not meaningful; Sabine Royalty Trust trades at 14.7×. Sabine Royalty Trust has the higher net margin (94.7% vs 51.8%) and the higher return on invested capital (0.00% vs 0.00%). Across the 14 metrics below, Sabine Royalty Trust leads on 9 and Brooge Energy Limited on 5.

Valuation

Metric BROGF SBR Oil & Gas Midstream median
P/E n/m 14.65 13.19
P/S n/m 13.88 2.60
P/B n/m n/m 2.08
Price to free cash flow n/m n/m 10.14
EV/EBITDA 2.95 14.52 8.11
EV/Sales 2.03 13.75 3.89
Earnings yield 0.00% 6.83% 6.83%
Free cash flow yield 0.00% 0.00% 6.94%

Profitability

Metric BROGF SBR Oil & Gas Midstream median
Gross margin 71.97% 100.00% 58.81%
Operating margin 0.00% 94.71% 32.14%
Net margin 51.82% 94.71% 21.16%
Free cash flow margin 63.13% 0.00% 10.15%
Return on equity 47.79% 0.00% 11.30%
Return on assets 15.51% 806.27% 5.00%
Return on invested capital 0.00% 0.00% 6.13%

Growth

Metric BROGF SBR Oil & Gas Midstream median
Revenue growth (TTM) — (2.95%) 15.44%
EPS growth (last fiscal year) 6.90% (7.69%) —
Revenue growth, 5-year CAGR — 16.35% 8.96%
Net income growth, 5-year CAGR 0.00% 17.13% 0.00%

Health

Metric BROGF SBR Oil & Gas Midstream median
Debt to equity 1.83 0.00 0.78
Current ratio 0.11 7.25 1.19
Net debt to EBITDA 4.68 (0.10) 3.42

Dividend

Metric BROGF SBR Oil & Gas Midstream median
Dividend yield — 9.97% 7.29%
Payout ratio 0.00 1.00 0.64

Size

Metric BROGF SBR Oil & Gas Midstream median
Market cap 284.93m 1.06b 3.61b

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