Mach Natural Resources LP (MNR) vs Vermilion Energy Inc. (VET)

Mach Natural Resources LP and Vermilion Energy Inc. are both Oil & Gas E&P companies. Mach Natural Resources LP and Vermilion Energy Inc. are of similar size ($1.7B and $1.6B). Vermilion Energy Inc. has negative trailing earnings, so its P/E is not meaningful; Mach Natural Resources LP trades at 11.4×. Mach Natural Resources LP grew revenue faster over the last twelve months: 36.8% against −5.20%. Mach Natural Resources LP has the higher net margin (10.5% vs −24.5%) and the lower return on invested capital (5.30% vs 5.93%). Across the 19 metrics below, Vermilion Energy Inc. leads on 10 and Mach Natural Resources LP on 9.

Valuation

Metric MNR VET Oil & Gas E&P median
P/E 11.42 n/m 9.67
P/S 1.19 1.24 1.76
P/B 0.90 1.04 1.19
Price to free cash flow 5.97 2.74 8.37
EV/EBITDA 4.44 3.62 4.59
EV/Sales 2.06 2.09 2.27
Earnings yield 8.75% (19.79%) 7.55%
Free cash flow yield 16.74% 36.44% 3.98%

Profitability

Metric MNR VET Oil & Gas E&P median
Gross margin 0.00% 62.13% 79.54%
Operating margin 17.91% 18.12% 24.01%
Net margin 10.47% (24.50%) 14.11%
Free cash flow margin 42.01% 45.31% 7.72%
Return on equity 0.00% (18.15%) 8.99%
Return on assets 3.91% (7.23%) 4.63%
Return on invested capital 5.30% 5.93% 6.33%

Growth

Metric MNR VET Oil & Gas E&P median
Revenue growth (TTM) 36.75% (5.20%) 13.60%
EPS growth (last fiscal year) (42.63%) (1,281.82%) (10.17%)
Revenue growth, 5-year CAGR — 8.21% 18.67%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MNR VET Oil & Gas E&P median
Debt to equity 0.63 0.63 0.29
Current ratio 0.79 1.00 0.92
Net debt to EBITDA 2.03 1.30 0.93

Dividend

Metric MNR VET Oil & Gas E&P median
Dividend yield — 3.66% 3.76%
Payout ratio — — 0.33

Size

Metric MNR VET Oil & Gas E&P median
Market cap 1.66b 1.61b 953.29m

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