Nordic American Tankers Limited (NAT) vs Permian Basin Royalty Trust (PBT)

Nordic American Tankers Limited and Permian Basin Royalty Trust are both Oil & Gas Midstream companies. Nordic American Tankers Limited and Permian Basin Royalty Trust are of similar size ($1.7B and $1.6B). Nordic American Tankers Limited trades at the lower P/E: 13.0× against 94.7×. Nordic American Tankers Limited grew revenue faster over the last twelve months: 28.7% against −3.71%. Permian Basin Royalty Trust has the higher net margin (92.0% vs 31.9%) and the lower return on invested capital (0.00% vs 13.3%). Both pay a dividend; Nordic American Tankers Limited yields more (10.3% vs 0.91%). Across the 20 metrics below, Nordic American Tankers Limited leads on 11 and Permian Basin Royalty Trust on 9.

Valuation

Metric NAT PBT Oil & Gas Midstream median
P/E 12.98 94.69 12.77
P/S 4.19 87.66 2.36
P/B 3.64 n/m 2.09
Price to free cash flow 7.78 n/m 9.71
EV/EBITDA 11.87 95.62 8.30
EV/Sales 4.89 87.53 3.88
Earnings yield 7.70% 1.06% 7.15%
Free cash flow yield 12.85% 0.00% 6.86%

Profitability

Metric NAT PBT Oil & Gas Midstream median
Gross margin 55.22% 100.00% 56.58%
Operating margin 41.19% 91.54% 34.18%
Net margin 31.86% 91.96% 22.50%
Free cash flow margin 53.77% 0.00% 13.70%
Return on equity 0.00% 0.00% 14.65%
Return on assets 13.17% 757.27% 5.00%
Return on invested capital 13.29% 0.00% 6.13%

Growth

Metric NAT PBT Oil & Gas Midstream median
Revenue growth (TTM) 28.69% (3.71%) 15.60%
EPS growth (last fiscal year) (72.73%) (43.64%) (7.86%)
Revenue growth, 5-year CAGR (3.78%) 5.92% 9.59%
Net income growth, 5-year CAGR (24.50%) 5.47% 0.00%

Health

Metric NAT PBT Oil & Gas Midstream median
Debt to equity 0.85 0.00 0.78
Current ratio 3.27 1.00 1.19
Net debt to EBITDA 3.61 (0.12) 3.42

Dividend

Metric NAT PBT Oil & Gas Midstream median
Dividend yield 10.31% 0.91% 4.54%
Payout ratio 1.34 0.86 0.76

Size

Metric NAT PBT Oil & Gas Midstream median
Market cap 1.66b 1.57b 3.73b

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