Marine Petroleum Trust (MARPS) vs New Fortress Energy LLC (NFE)

Marine Petroleum Trust and New Fortress Energy LLC are both Oil & Gas Midstream companies. New Fortress Energy LLC is the larger, with a market value of $36.9M against $8.8M — 4.2× the size. New Fortress Energy LLC has negative trailing earnings, so its P/E is not meaningful; Marine Petroleum Trust trades at 13.3×. Marine Petroleum Trust grew revenue faster over the last twelve months: −7.12% against −37.2%. Marine Petroleum Trust has the higher net margin (65.2% vs −149.4%) and the higher return on invested capital (0.00% vs −8.62%). Both pay a dividend; Marine Petroleum Trust yields more (10.5% vs 8.30%). Across the 19 metrics below, Marine Petroleum Trust leads on 13 and New Fortress Energy LLC on 6.

Valuation

Metric MARPS NFE Oil & Gas Midstream median
P/E 13.31 n/m 13.19
P/S 8.85 0.03 2.60
P/B 8.44 n/m 2.08
Price to free cash flow 13.57 n/m 10.14
EV/EBITDA 12.08 n/m 8.11
EV/Sales 7.88 6.63 3.89
Earnings yield 7.51% (4,980.31%) 6.83%
Free cash flow yield 7.37% (1,987.45%) 6.94%

Profitability

Metric MARPS NFE Oil & Gas Midstream median
Gross margin 100.00% 34.01% 58.81%
Operating margin 65.23% (86.31%) 32.14%
Net margin 65.23% (149.43%) 21.16%
Free cash flow margin 65.24% (59.85%) 10.15%
Return on equity 0.00% (411.72%) 11.30%
Return on assets 65.61% (16.69%) 5.00%
Return on invested capital 0.00% (8.62%) 6.13%

Growth

Metric MARPS NFE Oil & Gas Midstream median
Revenue growth (TTM) (7.12%) (37.18%) 15.44%
EPS growth (last fiscal year) 0.00% (488.14%) —
Revenue growth, 5-year CAGR 5.78% 27.20% 8.96%
Net income growth, 5-year CAGR 4.86% 0.00% 0.00%

Health

Metric MARPS NFE Oil & Gas Midstream median
Debt to equity 0.00 (20.48) 0.78
Current ratio 0.00 0.16 1.19
Net debt to EBITDA (1.27) (34.61) 3.42

Dividend

Metric MARPS NFE Oil & Gas Midstream median
Dividend yield 10.49% 8.30% 7.29%
Payout ratio 1.12 1.80 0.64

Size

Metric MARPS NFE Oil & Gas Midstream median
Market cap 8.80m 36.90m 3.61b

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