North European Oil Royality Trust (NRT) vs VOC Energy Trust (VOC)

North European Oil Royality Trust and VOC Energy Trust are both Oil & Gas E&P companies. North European Oil Royality Trust is the larger, with a market value of $79.2M against $57.5M — 1.4× the size. VOC Energy Trust trades at the lower P/E: 8.3× against 8.4×. North European Oil Royality Trust grew revenue faster over the last twelve months: 64.3% against −31.8%. VOC Energy Trust has the higher net margin (91.5% vs 91.4%) and the higher return on invested capital (0.00% vs 0.00%). Both pay a dividend; North European Oil Royality Trust yields more (45.5% vs 13.0%). Across the 18 metrics below, North European Oil Royality Trust leads on 11 and VOC Energy Trust on 7.

Valuation

Metric NRT VOC Oil & Gas E&P median
P/E 8.43 8.32 10.57
P/S 7.68 7.71 1.80
P/B 40.04 6.39 1.27
Price to free cash flow 15.64 n/m 9.99
EV/EBITDA 7.26 7.10 5.08
EV/Sales 7.26 6.50 2.39
Earnings yield 11.86% 12.02% 6.06%
Free cash flow yield 6.40% 0.00% 6.17%

Profitability

Metric NRT VOC Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 100.00% 91.52% 21.39%
Net margin 91.36% 91.52% 14.17%
Free cash flow margin 0.00% 0.00% 9.71%
Return on equity 491.65% 68.29% 10.05%
Return on assets 218.59% 68.29% 5.81%
Return on invested capital 0.00% 0.00% 6.32%

Growth

Metric NRT VOC Oil & Gas E&P median
Revenue growth (TTM) 64.32% (31.76%) 9.94%
EPS growth (last fiscal year) 56.36% (39.73%) —
Revenue growth, 5-year CAGR 16.39% 11.48% 18.67%
Net income growth, 5-year CAGR 19.29% 14.09% 0.00%

Health

Metric NRT VOC Oil & Gas E&P median
Debt to equity 0.00 0.00 0.28
Current ratio 1.83 0.00 0.96
Net debt to EBITDA (0.55) (1.41) 0.91

Dividend

Metric NRT VOC Oil & Gas E&P median
Dividend yield 45.47% 12.95% 4.93%
Payout ratio 1.06 1.00 0.07

Size

Metric NRT VOC Oil & Gas E&P median
Market cap 79.18m 57.46m 923.59m

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