Permian Basin Royalty Trust (PBT) vs Tsakos Energy Navigation Ltd (TEN)

Permian Basin Royalty Trust and Tsakos Energy Navigation Ltd are both Oil & Gas Midstream companies. Permian Basin Royalty Trust and Tsakos Energy Navigation Ltd are of similar size ($1.6B and $1.5B). Tsakos Energy Navigation Ltd trades at the lower P/E: 5.2× against 94.7×. Tsakos Energy Navigation Ltd grew revenue faster over the last twelve months: 23.2% against −3.71%. Permian Basin Royalty Trust has the higher net margin (92.0% vs 30.8%) and the lower return on invested capital (0.00% vs 7.05%). Across the 20 metrics below, Permian Basin Royalty Trust leads on 10 and Tsakos Energy Navigation Ltd on 10.

Valuation

Metric PBT TEN Oil & Gas Midstream median
P/E 94.69 5.17 12.77
P/S 87.66 1.60 2.36
P/B n/m 0.75 2.09
Price to free cash flow n/m n/m 9.71
EV/EBITDA 95.62 7.60 8.30
EV/Sales 87.53 3.28 3.88
Earnings yield 1.06% 19.33% 7.15%
Free cash flow yield 0.00% (17.38%) 6.86%

Profitability

Metric PBT TEN Oil & Gas Midstream median
Gross margin 100.00% 61.58% 56.58%
Operating margin 91.54% 43.17% 34.18%
Net margin 91.96% 30.77% 22.50%
Free cash flow margin 0.00% (27.72%) 13.70%
Return on equity 0.00% 15.61% 14.65%
Return on assets 757.27% 7.25% 5.00%
Return on invested capital 0.00% 7.05% 6.13%

Growth

Metric PBT TEN Oil & Gas Midstream median
Revenue growth (TTM) (3.71%) 23.23% 15.60%
EPS growth (last fiscal year) (43.64%) (11.53%) (7.86%)
Revenue growth, 5-year CAGR 5.92% 4.40% 9.59%
Net income growth, 5-year CAGR 5.47% 0.00% 0.00%

Health

Metric PBT TEN Oil & Gas Midstream median
Debt to equity 0.00 1.02 0.78
Current ratio 1.00 1.40 1.19
Net debt to EBITDA (0.12) 3.89 3.42

Dividend

Metric PBT TEN Oil & Gas Midstream median
Dividend yield 0.91% — 4.54%
Payout ratio 0.86 — 0.76

Size

Metric PBT TEN Oil & Gas Midstream median
Market cap 1.57b 1.52b 3.73b

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