Cross Timbers Royalty Trust (CRT) vs Evolution Petroleum Corporation, Inc. (EPM)

Cross Timbers Royalty Trust and Evolution Petroleum Corporation, Inc. are both Oil & Gas E&P companies. Evolution Petroleum Corporation, Inc. is the larger, with a market value of $147.4M against $77.2M — 1.9× the size. Evolution Petroleum Corporation, Inc. has negative trailing earnings, so its P/E is not meaningful; Cross Timbers Royalty Trust trades at 24.2×. Evolution Petroleum Corporation, Inc. grew revenue faster over the last twelve months: 0.59% against −22.4%. Cross Timbers Royalty Trust has the higher net margin (25.3% vs −2.81%) and the higher return on invested capital (877.3% vs 1.96%). Both pay a dividend; Evolution Petroleum Corporation, Inc. yields more (12.9% vs 5.06%). Across the 21 metrics below, Cross Timbers Royalty Trust leads on 12 and Evolution Petroleum Corporation, Inc. on 9.

Valuation

Metric CRT EPM Oil & Gas E&P median
P/E 24.15 n/m 11.01
P/S 6.11 1.47 1.98
P/B 36.71 2.10 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA 16.11 6.72 5.09
EV/Sales 5.97 2.06 2.63
Earnings yield 4.14% (2.16%) 5.78%
Free cash flow yield 0.00% (2.88%) 4.91%

Profitability

Metric CRT EPM Oil & Gas E&P median
Gross margin 38.72% 100.00% 80.41%
Operating margin 37.08% 4.03% 21.39%
Net margin 25.30% (2.81%) 14.17%
Free cash flow margin 0.00% (4.24%) 8.18%
Return on equity 145.08% (3.67%) 10.05%
Return on assets 84.63% (1.48%) 5.81%
Return on invested capital 877.28% 1.96% 6.32%

Growth

Metric CRT EPM Oil & Gas E&P median
Revenue growth (TTM) (22.38%) 0.59% 9.94%
EPS growth (last fiscal year) (21.05%) (281.00%) (10.50%)
Revenue growth, 5-year CAGR 5.24% 21.43% 18.67%
Net income growth, 5-year CAGR (0.80%) 0.00% 0.00%

Health

Metric CRT EPM Oil & Gas E&P median
Debt to equity 0.00 0.94 0.28
Current ratio 1.00 0.92 0.96
Net debt to EBITDA (0.35) 1.91 0.89

Dividend

Metric CRT EPM Oil & Gas E&P median
Dividend yield 5.06% 12.94% 3.29%
Payout ratio 1.22 — 0.35

Size

Metric CRT EPM Oil & Gas E&P median
Market cap 77.16m 147.43m 1.04b

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