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 ($1.3B and $1.3B). Tsakos Energy Navigation Ltd trades at the lower P/E: 4.6× against 82.9×. 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 82.86 4.55 11.80
P/S 76.71 1.40 2.38
P/B n/m 0.66 1.65
Price to free cash flow n/m n/m 7.76
EV/EBITDA 83.66 7.15 7.88
EV/Sales 76.58 3.09 3.36
Earnings yield 1.21% 21.97% 7.98%
Free cash flow yield 0.00% (19.75%) 7.23%

Profitability

Metric PBT TEN Oil & Gas Midstream median
Gross margin 100.00% 61.58% 55.22%
Operating margin 91.54% 43.17% 35.83%
Net margin 91.96% 30.77% 20.12%
Free cash flow margin 0.00% (27.72%) 14.43%
Return on equity 0.00% 15.61% 14.03%
Return on assets 757.27% 7.25% 4.62%
Return on invested capital 0.00% 7.05% 6.10%

Growth

Metric PBT TEN Oil & Gas Midstream median
Revenue growth (TTM) (3.71%) 23.23% 15.70%
EPS growth (last fiscal year) (43.64%) (11.53%) (7.78%)
Revenue growth, 5-year CAGR 5.92% 4.40% 10.05%
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 0.77
Current ratio 1.00 1.40 1.16
Net debt to EBITDA (0.12) 3.89 3.46

Dividend

Metric PBT TEN Oil & Gas Midstream median
Dividend yield 1.06% — 5.03%
Payout ratio 0.88 — 0.73

Size

Metric PBT TEN Oil & Gas Midstream median
Market cap 1.33b 1.30b 3.30b

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