Pedevco Corp. (PED) vs PrimeEnergy Corporation (PNRG)

Pedevco Corp. and PrimeEnergy Corporation are both Oil & Gas E&P companies. PrimeEnergy Corporation is the larger, with a market value of $322.7M against $179.2M — 1.8× the size. Pedevco Corp. has negative trailing earnings, so its P/E is not meaningful; PrimeEnergy Corporation trades at 13.6×. Pedevco Corp. grew revenue faster over the last twelve months: 229.4% against −19.4%. PrimeEnergy Corporation has the higher net margin (13.9% vs −14.6%) and the higher return on invested capital (9.18% vs 3.73%). Across the 19 metrics below, PrimeEnergy Corporation leads on 14 and Pedevco Corp. on 5.

Valuation

Metric PED PNRG Oil & Gas E&P median
P/E n/m 13.55 11.01
P/S 1.56 1.86 1.98
P/B 0.91 1.52 1.30
Price to free cash flow n/m 6.65 10.68
EV/EBITDA 5.05 3.29 5.09
EV/Sales 2.19 1.78 2.63
Earnings yield (28.34%) 7.38% 5.78%
Free cash flow yield (2.50%) 15.04% 4.91%

Profitability

Metric PED PNRG Oil & Gas E&P median
Gross margin 100.00% 68.29% 80.41%
Operating margin 14.01% 15.75% 21.39%
Net margin (14.61%) 13.87% 14.17%
Free cash flow margin 26.74% 27.95% 8.18%
Return on equity (10.60%) 11.72% 10.05%
Return on assets (6.85%) 7.54% 5.81%
Return on invested capital 3.73% 9.18% 6.32%

Growth

Metric PED PNRG Oil & Gas E&P median
Revenue growth (TTM) 229.37% (19.43%) 9.94%
EPS growth (last fiscal year) (181.67%) (50.52%) (10.50%)
Revenue growth, 5-year CAGR 41.52% 26.47% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PED PNRG Oil & Gas E&P median
Debt to equity 0.42 0.01 0.28
Current ratio 0.78 1.49 0.96
Net debt to EBITDA 7.91 (0.07) 0.89

Dividend

Metric PED PNRG Oil & Gas E&P median
Dividend yield — — 3.29%
Payout ratio — — 0.35

Size

Metric PED PNRG Oil & Gas E&P median
Market cap 179.18m 322.71m 1.04b

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