EON Resources Inc. (EONR) vs VOC Energy Trust (VOC)

EON Resources Inc. and VOC Energy Trust are both Oil & Gas E&P companies. VOC Energy Trust is the larger, with a market value of $57.6M against $24.0M — 2.4× the size. EON Resources Inc. has negative trailing earnings, so its P/E is not meaningful; VOC Energy Trust trades at 8.3×. VOC Energy Trust grew revenue faster over the last twelve months: −31.8% against −35.1%. VOC Energy Trust has the higher net margin (91.5% vs −103.3%) and the higher return on invested capital (0.00% vs −23.9%). Across the 16 metrics below, VOC Energy Trust leads on 11 and EON Resources Inc. on 5.

Valuation

Metric EONR VOC Oil & Gas E&P median
P/E n/m 8.27 11.01
P/S 1.81 7.66 1.98
P/B 0.50 6.35 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA n/m 7.05 5.09
EV/Sales 2.08 6.45 2.63
Earnings yield (101.53%) 12.09% 5.78%
Free cash flow yield (108.32%) 0.00% 4.91%

Profitability

Metric EONR VOC Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin (149.33%) 91.52% 21.39%
Net margin (103.31%) 91.52% 14.17%
Free cash flow margin (196.53%) 0.00% 8.18%
Return on equity (34.03%) 68.29% 10.05%
Return on assets (14.23%) 68.29% 5.81%
Return on invested capital (23.88%) 0.00% 6.32%

Growth

Metric EONR VOC Oil & Gas E&P median
Revenue growth (TTM) (35.08%) (31.76%) 9.94%
EPS growth (last fiscal year) 77.14% (39.73%) (10.50%)
Revenue growth, 5-year CAGR — 11.48% 18.67%
Net income growth, 5-year CAGR — 14.09% 0.00%

Health

Metric EONR VOC Oil & Gas E&P median
Debt to equity 0.07 0.00 0.28
Current ratio 0.14 0.00 0.96
Net debt to EBITDA (0.58) (1.41) 0.89

Dividend

Metric EONR VOC Oil & Gas E&P median
Dividend yield — 16.96% 3.29%
Payout ratio — 1.40 0.35

Size

Metric EONR VOC Oil & Gas E&P median
Market cap 24.04m 57.63m 1.04b

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