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 $136.0M against $77.5M — 1.8× the size. Empire Petroleum Corporation has negative trailing earnings, so its P/E is not meaningful; North European Oil Royality Trust trades at 8.4×. 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 8.36 11.01
P/S 4.29 7.62 1.98
P/B 18.22 39.72 1.30
Price to free cash flow n/m 15.51 10.68
EV/EBITDA n/m 7.19 5.09
EV/Sales 4.68 7.19 2.63
Earnings yield (63.47%) 11.96% 5.78%
Free cash flow yield (8.55%) 6.45% 4.91%

Profitability

Metric EP NRT Oil & Gas E&P median
Gross margin 25.08% 100.00% 80.41%
Operating margin (224.05%) 100.00% 21.39%
Net margin (229.58%) 91.36% 14.17%
Free cash flow margin (36.72%) 0.00% 8.18%
Return on equity (230.66%) 491.65% 10.05%
Return on assets (69.31%) 218.59% 5.81%
Return on invested capital (224.98%) 0.00% 6.32%

Growth

Metric EP NRT Oil & Gas E&P median
Revenue growth (TTM) (20.82%) 64.32% 9.94%
EPS growth (last fiscal year) (292.59%) 56.36% (10.50%)
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 0.28
Current ratio 0.42 1.83 0.96
Net debt to EBITDA (0.25) (0.55) 0.89

Dividend

Metric EP NRT Oil & Gas E&P median
Dividend yield — 11.84% 3.29%
Payout ratio — 0.99 0.35

Size

Metric EP NRT Oil & Gas E&P median
Market cap 136.04m 77.48m 1.04b

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