Kimbell Royalty (KRP) vs Mach Natural Resources LP (MNR)

Kimbell Royalty and Mach Natural Resources LP are both Oil & Gas E&P companies. Kimbell Royalty is the larger, with a market value of $2.1B against $1.8B — 1.1× the size. Mach Natural Resources LP trades at the lower P/E: 18.4× against 19.4×. Mach Natural Resources LP grew revenue faster over the last twelve months: 34.4% against 6.17%. Kimbell Royalty has the higher net margin (23.0% vs 7.44%) and the higher return on invested capital (7.76% vs 4.09%). Across the 20 metrics below, Kimbell Royalty leads on 10 and Mach Natural Resources LP on 10.

Valuation

Metric KRP MNR Oil & Gas E&P median
P/E 19.38 18.38 11.01
P/S 4.60 1.37 1.98
P/B 2.34 1.00 1.30
Price to free cash flow 8.12 7.39 10.68
EV/EBITDA 7.64 5.47 5.09
EV/Sales 5.87 2.26 2.63
Earnings yield 5.16% 5.44% 5.78%
Free cash flow yield 12.32% 13.54% 4.91%

Profitability

Metric KRP MNR Oil & Gas E&P median
Gross margin 100.00% 56.26% 80.41%
Operating margin 40.15% 14.40% 21.39%
Net margin 23.03% 7.44% 14.17%
Free cash flow margin 56.63% 18.51% 8.18%
Return on equity 11.97% 0.00% 10.05%
Return on assets 6.02% 3.35% 5.81%
Return on invested capital 7.76% 4.09% 6.32%

Growth

Metric KRP MNR Oil & Gas E&P median
Revenue growth (TTM) 6.17% 34.42% 9.94%
EPS growth (last fiscal year) 616.67% (42.63%) (10.50%)
Revenue growth, 5-year CAGR 29.84% — 18.67%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric KRP MNR Oil & Gas E&P median
Debt to equity 0.72 0.63 0.28
Current ratio 7.30 0.88 0.96
Net debt to EBITDA 1.53 2.03 0.89

Dividend

Metric KRP MNR Oil & Gas E&P median
Dividend yield 9.83% — 3.29%
Payout ratio 1.90 — 0.35

Size

Metric KRP MNR Oil & Gas E&P median
Market cap 2.05b 1.81b 1.04b

Compare with another peer

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