Dorchester Minerals, L.P. (DMLP) vs Riley Exploration Permian, Inc. (REPX)

Dorchester Minerals, L.P. and Riley Exploration Permian, Inc. are both Oil & Gas E&P companies. Dorchester Minerals, L.P. is the larger, with a market value of $1.4B against $923.6M — 1.6× the size. Riley Exploration Permian, Inc. trades at the lower P/E: 7.2× against 16.5×. Riley Exploration Permian, Inc. grew revenue faster over the last twelve months: 23.2% against 13.9%. Dorchester Minerals, L.P. has the higher net margin (43.9% vs 24.5%) and the higher return on invested capital (23.6% vs 13.2%). Both pay a dividend; Dorchester Minerals, L.P. yields more (11.8% vs 6.30%). Across the 22 metrics below, Dorchester Minerals, L.P. leads on 13 and Riley Exploration Permian, Inc. on 9.

Valuation

Metric DMLP REPX Oil & Gas E&P median
P/E 16.50 7.24 10.57
P/S 7.29 1.75 1.80
P/B 4.61 1.34 1.27
Price to free cash flow 8.93 16.01 9.99
EV/EBITDA 10.70 3.71 5.08
EV/Sales 6.91 2.26 2.39
Earnings yield 6.06% 13.81% 6.06%
Free cash flow yield 11.20% 6.25% 6.17%

Profitability

Metric DMLP REPX Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 45.45% 38.43% 21.39%
Net margin 43.92% 24.53% 14.17%
Free cash flow margin 81.52% 10.96% 9.71%
Return on equity 27.08% 19.94% 10.05%
Return on assets 26.40% 10.30% 5.81%
Return on invested capital 23.62% 13.20% 6.32%

Growth

Metric DMLP REPX Oil & Gas E&P median
Revenue growth (TTM) 13.91% 23.16% 9.94%
EPS growth (last fiscal year) (45.54%) 78.17% —
Revenue growth, 5-year CAGR 26.64% 164.32% 18.67%
Net income growth, 5-year CAGR 21.16% 0.00% 0.00%

Health

Metric DMLP REPX Oil & Gas E&P median
Debt to equity 0.00 0.42 0.28
Current ratio 13.85 0.45 0.96
Net debt to EBITDA (0.34) 0.99 0.91

Dividend

Metric DMLP REPX Oil & Gas E&P median
Dividend yield 11.76% 6.30% 4.93%
Payout ratio — 0.16 0.07

Size

Metric DMLP REPX Oil & Gas E&P median
Market cap 1.44b 923.59m 923.59m

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