Peabody Energy Corporation (BTU) vs Natural Resource Partners LP (NRP)

Peabody Energy Corporation and Natural Resource Partners LP are both Thermal Coal companies. Peabody Energy Corporation is the larger, with a market value of $2.9B against $1.5B — 2.0× the size. Peabody Energy Corporation has negative trailing earnings, so its P/E is not meaningful; Natural Resource Partners LP trades at 14.2×. Peabody Energy Corporation grew revenue faster over the last twelve months: −0.68% against −22.2%. Natural Resource Partners LP has the higher net margin (56.8% vs −4.56%) and the higher return on invested capital (10.8% vs −4.48%). Both pay a dividend; Natural Resource Partners LP yields more (2.67% vs 1.26%). Across the 20 metrics below, Natural Resource Partners LP leads on 15 and Peabody Energy Corporation on 5.

Valuation

Metric BTU NRP Thermal Coal median
P/E n/m 14.17 —
P/S 0.73 8.09 1.07
P/B 0.88 2.29 1.23
Price to free cash flow n/m 8.38 —
EV/EBITDA 14.15 10.97 11.83
EV/Sales 0.68 8.08 1.20
Earnings yield (6.28%) 7.06% 6.74%
Free cash flow yield (5.24%) 11.94% 5.93%

Profitability

Metric BTU NRP Thermal Coal median
Gross margin 10.40% 100.00% 18.49%
Operating margin (5.56%) 60.65% 8.29%
Net margin (4.56%) 56.80% 6.21%
Free cash flow margin (3.80%) 87.72% 6.33%
Return on equity (5.24%) 16.86% 4.07%
Return on assets (3.26%) 13.76% 2.64%
Return on invested capital (4.48%) 10.78% 2.83%

Growth

Metric BTU NRP Thermal Coal median
Revenue growth (TTM) (0.68%) (22.22%) (0.68%)
EPS growth (last fiscal year) (115.93%) (11.54%) (48.35%)
Revenue growth, 5-year CAGR 6.03% 8.12% 10.57%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BTU NRP Thermal Coal median
Debt to equity 0.10 0.04 0.12
Current ratio 2.01 2.12 2.01
Net debt to EBITDA (0.78) 0.02 0.05

Dividend

Metric BTU NRP Thermal Coal median
Dividend yield 1.26% 2.67% 2.67%
Payout ratio — 0.38 —

Size

Metric BTU NRP Thermal Coal median
Market cap 2.93b 1.48b 2.93b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack