Dorchester Minerals, L.P. (DMLP) vs Greenfire Resources Ltd. (GFR)

Dorchester Minerals, L.P. and Greenfire Resources Ltd. are both Oil & Gas E&P companies. Dorchester Minerals, L.P. and Greenfire Resources Ltd. are of similar size ($1.6B and $1.5B). Greenfire Resources Ltd. has negative trailing earnings, so its P/E is not meaningful; Dorchester Minerals, L.P. trades at 17.3×. Dorchester Minerals, L.P. grew revenue faster over the last twelve months: 13.9% against −16.5%. Dorchester Minerals, L.P. has the higher net margin (43.9% vs −6.42%) and the higher return on invested capital (23.6% vs 0.48%). Across the 18 metrics below, Dorchester Minerals, L.P. leads on 15 and Greenfire Resources Ltd. on 3.

Valuation

Metric DMLP GFR Oil & Gas E&P median
P/E 17.29 n/m 11.01
P/S 7.64 1.95 1.98
P/B 4.84 0.99 1.30
Price to free cash flow 9.36 n/m 10.68
EV/EBITDA 11.24 13.03 5.09
EV/Sales 7.26 2.02 2.63
Earnings yield 5.78% (4.26%) 5.78%
Free cash flow yield 10.69% (5.27%) 4.91%

Profitability

Metric DMLP GFR Oil & Gas E&P median
Gross margin 100.00% 91.87% 80.41%
Operating margin 45.45% 1.54% 21.39%
Net margin 43.92% (6.42%) 14.17%
Free cash flow margin 81.52% (10.30%) 8.18%
Return on equity 27.08% (3.69%) 10.05%
Return on assets 26.40% (2.89%) 5.81%
Return on invested capital 23.62% 0.48% 6.32%

Growth

Metric DMLP GFR Oil & Gas E&P median
Revenue growth (TTM) 13.91% (16.46%) 9.94%
EPS growth (last fiscal year) (45.54%) (62.10%) (10.50%)
Revenue growth, 5-year CAGR 26.64% — 18.67%
Net income growth, 5-year CAGR 21.16% — 0.00%

Health

Metric DMLP GFR Oil & Gas E&P median
Debt to equity 0.00 0.03 0.28
Current ratio 13.85 0.96 0.96
Net debt to EBITDA (0.34) (0.21) 0.89

Dividend

Metric DMLP GFR Oil & Gas E&P median
Dividend yield 10.49% — 3.29%
Payout ratio 1.81 — 0.35

Size

Metric DMLP GFR Oil & Gas E&P median
Market cap 1.47b 1.55b 1.04b

Compare with another peer

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