Dorchester Minerals, L.P. (DMLP) vs Mach Natural Resources LP (MNR)

Dorchester Minerals, L.P. and Mach Natural Resources LP are both Oil & Gas E&P companies. Mach Natural Resources LP is the larger, with a market value of $1.7B against $1.3B — 1.2× the size. Mach Natural Resources LP trades at the lower P/E: 11.4× against 13.2×. Dorchester Minerals, L.P. grew revenue faster over the last twelve months: 38.2% against 36.8%. Dorchester Minerals, L.P. has the higher net margin (48.1% vs 10.5%) and the higher return on invested capital (27.7% vs 5.30%). Across the 20 metrics below, Dorchester Minerals, L.P. leads on 11 and Mach Natural Resources LP on 9.

Valuation

Metric DMLP MNR Oil & Gas E&P median
P/E 13.24 11.42 9.67
P/S 6.42 1.19 1.76
P/B 4.62 0.90 1.19
Price to free cash flow 8.08 5.97 8.37
EV/EBITDA 10.32 4.44 4.59
EV/Sales 6.16 2.06 2.27
Earnings yield 7.55% 8.75% 7.55%
Free cash flow yield 12.38% 16.74% 3.98%

Profitability

Metric DMLP MNR Oil & Gas E&P median
Gross margin 100.00% 0.00% 79.54%
Operating margin 49.84% 17.91% 24.01%
Net margin 48.10% 10.47% 14.11%
Free cash flow margin 79.43% 42.01% 7.72%
Return on equity 32.66% 0.00% 8.99%
Return on assets 31.74% 3.91% 4.63%
Return on invested capital 27.71% 5.30% 6.33%

Growth

Metric DMLP MNR Oil & Gas E&P median
Revenue growth (TTM) 38.18% 36.75% 13.60%
EPS growth (last fiscal year) (45.54%) (42.63%) (10.17%)
Revenue growth, 5-year CAGR 26.64% — 18.67%
Net income growth, 5-year CAGR 21.16% — 0.00%

Health

Metric DMLP MNR Oil & Gas E&P median
Debt to equity 0.00 0.63 0.29
Current ratio 10.60 0.79 0.92
Net debt to EBITDA (0.34) 2.03 0.93

Dividend

Metric DMLP MNR Oil & Gas E&P median
Dividend yield 12.36% — 3.76%
Payout ratio 1.64 — 0.33

Size

Metric DMLP MNR Oil & Gas E&P median
Market cap 1.34b 1.66b 953.29m

Compare with another peer

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