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 $136.0M against $57.6M — 2.4× 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 8.27 11.01
P/S 4.29 7.66 1.98
P/B 18.22 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 4.68 6.45 2.63
Earnings yield (63.47%) 12.09% 5.78%
Free cash flow yield (8.55%) 0.00% 4.91%

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% 8.18%
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%) (10.50%)
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) 0.89

Dividend

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

Size

Metric EP VOC Oil & Gas E&P median
Market cap 136.04m 57.63m 1.04b

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