Cross Timbers Royalty Trust (CRT) vs PERMIANVILLE ROYALTY TRUST (PVL)

Cross Timbers Royalty Trust and PERMIANVILLE ROYALTY TRUST are both Oil & Gas E&P companies. Cross Timbers Royalty Trust is the larger, with a market value of $73.5M against $60.1M — 1.2× the size. PERMIANVILLE ROYALTY TRUST trades at the lower P/E: 7.4× against 23.6×. PERMIANVILLE ROYALTY TRUST grew revenue faster over the last twelve months: −4.59% against −22.4%. Cross Timbers Royalty Trust has the higher net margin (25.3% vs 17.0%) and the higher return on invested capital (877.3% vs 20.4%). Both pay a dividend; Cross Timbers Royalty Trust yields more (10.1% vs 9.72%). Across the 18 metrics below, PERMIANVILLE ROYALTY TRUST leads on 11 and Cross Timbers Royalty Trust on 7.

Valuation

Metric CRT PVL Oil & Gas E&P median
P/E 23.58 7.43 10.57
P/S 5.97 1.17 1.80
P/B 35.85 n/m 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA 15.72 5.24 5.08
EV/Sales 5.83 1.10 2.39
Earnings yield 4.24% 13.46% 6.06%
Free cash flow yield 0.00% 0.00% 6.17%

Profitability

Metric CRT PVL Oil & Gas E&P median
Gross margin 38.72% 54.71% 80.41%
Operating margin 37.08% 21.04% 21.39%
Net margin 25.30% 17.01% 14.17%
Free cash flow margin 0.00% 0.00% 9.71%
Return on equity 145.08% 0.00% 10.05%
Return on assets 84.63% 22.28% 5.81%
Return on invested capital 877.28% 20.40% 6.32%

Growth

Metric CRT PVL Oil & Gas E&P median
Revenue growth (TTM) (22.38%) (4.59%) 9.94%
EPS growth (last fiscal year) (21.05%) 22.22% —
Revenue growth, 5-year CAGR 4.85% 15.03% 18.67%
Net income growth, 5-year CAGR (7.62%) (6.89%) 0.00%

Health

Metric CRT PVL Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 1.00 0.00 0.96
Net debt to EBITDA (0.35) (0.56) 0.91

Dividend

Metric CRT PVL Oil & Gas E&P median
Dividend yield 10.07% 9.72% 4.93%
Payout ratio 1.00 0.93 0.07

Size

Metric CRT PVL Oil & Gas E&P median
Market cap 73.50m 60.06m 923.59m

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