Empire Petroleum Corporation (EP) vs VOC Energy Trust (VOC)

Empire Petroleum Corporation and VOC Energy Trust are both Oil & Gas E&P companies. Empire Petroleum Corporation is the larger, with a market value of $94.0M against $57.5M — 1.6× the size. Empire Petroleum Corporation has negative trailing earnings, so its P/E is not meaningful; VOC Energy Trust trades at 8.3×. Empire Petroleum Corporation grew revenue faster over the last twelve months: −20.8% against −31.8%. VOC Energy Trust has the higher net margin (91.5% vs −229.6%) and the higher return on invested capital (0.00% vs −225.0%). Across the 19 metrics below, VOC Energy Trust leads on 14 and Empire Petroleum Corporation on 5.

Valuation

Metric EP VOC Oil & Gas E&P median
P/E n/m 8.32 10.57
P/S 2.80 7.71 1.80
P/B 11.90 6.39 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA n/m 7.10 5.08
EV/Sales 3.19 6.50 2.39
Earnings yield (97.16%) 12.02% 6.06%
Free cash flow yield (13.09%) 0.00% 6.17%

Profitability

Metric EP VOC Oil & Gas E&P median
Gross margin 25.08% 100.00% 80.41%
Operating margin (224.05%) 91.52% 21.39%
Net margin (229.58%) 91.52% 14.17%
Free cash flow margin (36.72%) 0.00% 9.71%
Return on equity (230.66%) 68.29% 10.05%
Return on assets (69.31%) 68.29% 5.81%
Return on invested capital (224.98%) 0.00% 6.32%

Growth

Metric EP VOC Oil & Gas E&P median
Revenue growth (TTM) (20.82%) (31.76%) 9.94%
EPS growth (last fiscal year) (292.59%) (39.73%) —
Revenue growth, 5-year CAGR 34.65% 11.48% 18.67%
Net income growth, 5-year CAGR 0.00% 14.09% 0.00%

Health

Metric EP VOC Oil & Gas E&P median
Debt to equity 2.07 0.00 0.28
Current ratio 0.42 0.00 0.96
Net debt to EBITDA (0.25) (1.41) 0.91

Dividend

Metric EP VOC Oil & Gas E&P median
Dividend yield — 12.95% 4.93%
Payout ratio — 1.00 0.07

Size

Metric EP VOC Oil & Gas E&P median
Market cap 94.02m 57.46m 923.59m

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