Geopark Ltd (GPRK) vs W&T Offshore, Inc. (WTI)

Geopark Ltd and W&T Offshore, Inc. are both Oil & Gas E&P companies. Geopark Ltd is the larger, with a market value of $735.9M against $589.8M — 1.2× the size. W&T Offshore, Inc. has negative trailing earnings, so its P/E is not meaningful; Geopark Ltd trades at 7.6×. W&T Offshore, Inc. grew revenue faster over the last twelve months: 13.8% against −9.51%. Geopark Ltd has the higher net margin (16.0% vs −19.3%) and the lower return on invested capital (14.0% vs 74.1%). Both pay a dividend; Geopark Ltd yields more (6.18% vs 0.70%). Across the 20 metrics below, Geopark Ltd leads on 12 and W&T Offshore, Inc. on 8.

Valuation

Metric GPRK WTI Oil & Gas E&P median
P/E 7.55 n/m 10.57
P/S 1.41 0.97 1.80
P/B 1.96 n/m 1.27
Price to free cash flow 5.55 14.45 9.99
EV/EBITDA 3.90 4.91 5.08
EV/Sales 2.03 1.33 2.39
Earnings yield 13.24% (20.00%) 6.06%
Free cash flow yield 18.03% 6.92% 6.17%

Profitability

Metric GPRK WTI Oil & Gas E&P median
Gross margin 67.71% 43.34% 80.41%
Operating margin 29.94% 0.99% 21.39%
Net margin 16.00% (19.32%) 14.17%
Free cash flow margin 25.47% 6.73% 9.71%
Return on equity 28.57% 72.64% 10.05%
Return on assets 6.88% (10.95%) 5.81%
Return on invested capital 13.99% 74.05% 6.32%

Growth

Metric GPRK WTI Oil & Gas E&P median
Revenue growth (TTM) (9.51%) 13.75% 9.94%
EPS growth (last fiscal year) (48.37%) (71.19%) —
Revenue growth, 5-year CAGR 4.58% 7.66% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GPRK WTI Oil & Gas E&P median
Debt to equity 1.74 (1.79) 0.28
Current ratio 1.17 1.17 0.96
Net debt to EBITDA 1.88 2.09 0.91

Dividend

Metric GPRK WTI Oil & Gas E&P median
Dividend yield 6.18% 0.70% 4.93%
Payout ratio 0.16 0.00 0.07

Size

Metric GPRK WTI Oil & Gas E&P median
Market cap 735.92m 589.76m 923.59m

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