Frontline PLC (FRO) vs Viper Energy Inc. (VNOM)

Frontline PLC and Viper Energy Inc. are both Oil & Gas Midstream companies. Viper Energy Inc. is the larger, with a market value of $15.7B against $11.7B — 1.3× the size. Frontline PLC trades at the lower P/E: 7.9× against 322×. Viper Energy Inc. grew revenue faster over the last twelve months: 107.8% against 63.5%. Frontline PLC has the higher net margin (49.4% vs 2.89%) and the higher return on invested capital (19.4% vs 1.32%). Both pay a dividend; Frontline PLC yields more (10.3% vs 5.44%). Across the 23 metrics below, Frontline PLC leads on 16 and Viper Energy Inc. on 7.

Valuation

Metric FRO VNOM Oil & Gas Midstream median
P/E 7.87 321.64 12.77
P/S 3.88 4.27 2.36
P/B 3.71 0.85 2.09
Price to free cash flow 6.91 11.42 9.71
EV/EBITDA 8.47 10.02 8.30
EV/Sales 4.58 5.24 3.88
Earnings yield 12.71% 0.31% 7.15%
Free cash flow yield 14.47% 8.76% 6.86%

Profitability

Metric FRO VNOM Oil & Gas Midstream median
Gross margin 66.67% 100.00% 56.58%
Operating margin 54.14% 12.30% 34.18%
Net margin 49.37% 2.89% 22.50%
Free cash flow margin 56.19% 37.43% 13.70%
Return on equity 53.85% 0.62% 14.65%
Return on assets 24.94% 0.54% 5.00%
Return on invested capital 19.35% 1.32% 6.13%

Growth

Metric FRO VNOM Oil & Gas Midstream median
Revenue growth (TTM) 63.48% 107.84% 15.60%
EPS growth (last fiscal year) (23.77%) (112.57%) (7.86%)
Revenue growth, 5-year CAGR 10.05% 40.96% 9.59%
Net income growth, 5-year CAGR (1.69%) 0.00% 0.00%

Health

Metric FRO VNOM Oil & Gas Midstream median
Debt to equity 0.77 0.16 0.78
Current ratio 1.87 6.37 1.19
Net debt to EBITDA 3.03 4.65 3.42

Dividend

Metric FRO VNOM Oil & Gas Midstream median
Dividend yield 10.25% 5.44% 4.54%
Payout ratio 0.81 18.85 0.76

Size

Metric FRO VNOM Oil & Gas Midstream median
Market cap 11.70b 15.71b 3.73b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack