Permian Basin Royalty Trust (PBT) vs Teekay Corporation Ltd. (TK)

Permian Basin Royalty Trust and Teekay Corporation Ltd. are both Oil & Gas Midstream companies. Permian Basin Royalty Trust is the larger, with a market value of $1.3B against $1.1B — 1.2× the size. Teekay Corporation Ltd. trades at the lower P/E: 8.7× against 82.9×. Permian Basin Royalty Trust grew revenue faster over the last twelve months: −3.71% against −16.7%. Permian Basin Royalty Trust has the higher net margin (92.0% vs 11.0%) and the higher return on invested capital (0.00% vs 0.00%). Only Permian Basin Royalty Trust pays a dividend (1.06%). Across the 18 metrics below, Permian Basin Royalty Trust leads on 9 and Teekay Corporation Ltd. on 9.

Valuation

Metric PBT TK Oil & Gas Midstream median
P/E 82.86 8.68 11.80
P/S 76.71 0.95 2.38
P/B n/m 0.48 1.65
Price to free cash flow n/m 1.27 7.76
EV/EBITDA 83.66 0.03 7.88
EV/Sales 76.58 0.01 3.36
Earnings yield 1.21% 11.52% 7.98%
Free cash flow yield 0.00% 78.86% 7.23%

Profitability

Metric PBT TK Oil & Gas Midstream median
Gross margin 100.00% 39.94% 55.22%
Operating margin 91.54% 29.93% 35.83%
Net margin 91.96% 10.96% 20.12%
Free cash flow margin 0.00% 0.00% 14.43%
Return on equity 0.00% 0.00% 14.03%
Return on assets 757.27% 0.00% 4.62%
Return on invested capital 0.00% 0.00% 6.10%

Growth

Metric PBT TK Oil & Gas Midstream median
Revenue growth (TTM) (3.71%) (16.70%) 15.70%
EPS growth (last fiscal year) (43.64%) (19.72%) (7.78%)
Revenue growth, 5-year CAGR 5.92% (3.70%) 10.05%
Net income growth, 5-year CAGR 5.47% 0.00% 0.00%

Health

Metric PBT TK Oil & Gas Midstream median
Debt to equity 0.00 0.00 0.77
Current ratio 1.00 10.36 1.16
Net debt to EBITDA (0.12) (2.50) 3.46

Dividend

Metric PBT TK Oil & Gas Midstream median
Dividend yield 1.06% 0.00% 5.03%
Payout ratio 0.88 — 0.73

Size

Metric PBT TK Oil & Gas Midstream median
Market cap 1.33b 1.09b 3.30b

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