Mesa Royalty Trust (MTR) vs PermRock Royalty Trust (PRT)

Mesa Royalty Trust and PermRock Royalty Trust are both Oil & Gas E&P companies. PermRock Royalty Trust is the larger, with a market value of $21.1M against $3.8M — 5.5× the size. Mesa Royalty Trust trades at the lower P/E: 10.3× against 14.0×. Mesa Royalty Trust grew revenue faster over the last twelve months: −3.01% against −41.7%. PermRock Royalty Trust has the higher net margin (78.4% vs 76.6%) and the lower return on invested capital (6.33% vs 20.9%). Both pay a dividend; PermRock Royalty Trust yields more (11.7% vs 6.86%). Across the 18 metrics below, Mesa Royalty Trust leads on 11 and PermRock Royalty Trust on 7.

Valuation

Metric MTR PRT Oil & Gas E&P median
P/E 10.27 13.99 11.01
P/S 7.90 5.94 1.98
P/B 1.20 0.83 1.30
Price to free cash flow n/m n/m 10.68
EV/EBITDA 3.87 8.11 5.09
EV/Sales 3.56 5.56 2.63
Earnings yield 9.73% 7.15% 5.78%
Free cash flow yield 0.00% 0.00% 4.91%

Profitability

Metric MTR PRT Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 92.05% 68.56% 21.39%
Net margin 76.63% 78.37% 14.17%
Free cash flow margin 0.00% 0.00% 8.18%
Return on equity 11.61% 5.94% 10.05%
Return on assets 11.09% 5.77% 5.81%
Return on invested capital 20.94% 6.33% 6.32%

Growth

Metric MTR PRT Oil & Gas E&P median
Revenue growth (TTM) (3.01%) (41.73%) 9.94%
EPS growth (last fiscal year) (8.00%) (7.14%) (10.50%)
Revenue growth, 5-year CAGR (6.29%) 11.79% 18.67%
Net income growth, 5-year CAGR (2.02%) 19.79% 0.00%

Health

Metric MTR PRT Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 17.12 3.70 0.96
Net debt to EBITDA (3.50) (0.26) 0.89

Dividend

Metric MTR PRT Oil & Gas E&P median
Dividend yield 6.86% 11.67% 3.29%
Payout ratio 0.71 1.63 0.35

Size

Metric MTR PRT Oil & Gas E&P median
Market cap 3.80m 21.05m 1.04b

Compare with another peer

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