Empire Petroleum Corporation (EP) vs North European Oil Royality Trust (NRT)

Empire Petroleum Corporation and North European Oil Royality Trust are both Oil & Gas E&P companies. Empire Petroleum Corporation is the larger, with a market value of $83.6M against $62.0M — 1.3× the size. Empire Petroleum Corporation has negative trailing earnings, so its P/E is not meaningful; North European Oil Royality Trust trades at 6.6×. North European Oil Royality Trust grew revenue faster over the last twelve months: 64.3% against −20.8%. North European Oil Royality Trust has the higher net margin (91.4% vs −229.6%) and the higher return on invested capital (0.00% vs −225.0%). Across the 19 metrics below, North European Oil Royality Trust leads on 15 and Empire Petroleum Corporation on 4.

Valuation

Metric EP NRT Oil & Gas E&P median
P/E n/m 6.63 9.67
P/S 2.70 6.04 1.76
P/B 11.45 31.48 1.19
Price to free cash flow n/m 12.29 8.37
EV/EBITDA n/m 5.61 4.59
EV/Sales 3.08 5.61 2.27
Earnings yield (100.99%) 15.09% 7.55%
Free cash flow yield (13.61%) 8.14% 3.98%

Profitability

Metric EP NRT Oil & Gas E&P median
Gross margin 25.08% 100.00% 79.54%
Operating margin (224.05%) 100.00% 24.01%
Net margin (229.58%) 91.36% 14.11%
Free cash flow margin (36.72%) 0.00% 7.72%
Return on equity (230.66%) 491.65% 8.99%
Return on assets (69.31%) 218.59% 4.63%
Return on invested capital (224.98%) 0.00% 6.33%

Growth

Metric EP NRT Oil & Gas E&P median
Revenue growth (TTM) (20.82%) 64.32% 13.60%
EPS growth (last fiscal year) (292.59%) 56.36% (10.17%)
Revenue growth, 5-year CAGR 34.65% 16.39% 18.67%
Net income growth, 5-year CAGR 0.00% 19.29% 0.00%

Health

Metric EP NRT Oil & Gas E&P median
Debt to equity 2.07 0.00 0.29
Current ratio 0.42 1.83 0.92
Net debt to EBITDA (0.25) (0.55) 0.93

Dividend

Metric EP NRT Oil & Gas E&P median
Dividend yield — 14.94% 3.76%
Payout ratio — 0.99 0.33

Size

Metric EP NRT Oil & Gas E&P median
Market cap 83.62m 62.04m 953.29m

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