Pedevco Corp. (PED) vs Ring Energy, Inc. (REI)

Pedevco Corp. and Ring Energy, Inc. are both Oil & Gas E&P companies. Ring Energy, Inc. is the larger, with a market value of $291.8M against $192.2M — 1.5× the size. Pedevco Corp. grew revenue faster over the last twelve months: 229.4% against 7.37%. Pedevco Corp. has the higher net margin (−14.6% vs −53.3%) and the higher return on invested capital (3.73% vs −4.09%). Across the 19 metrics below, Pedevco Corp. leads on 12 and Ring Energy, Inc. on 7.

Valuation

Metric PED REI Oil & Gas E&P median
P/E n/m n/m 9.67
P/S 1.66 0.85 1.76
P/B 0.97 0.40 1.19
Price to free cash flow n/m 5.89 8.37
EV/EBITDA 5.27 37.89 4.59
EV/Sales 2.29 1.85 2.27
Earnings yield (26.70%) (79.65%) 7.55%
Free cash flow yield (2.36%) 16.98% 3.98%

Profitability

Metric PED REI Oil & Gas E&P median
Gross margin 100.00% 0.00% 79.54%
Operating margin 14.01% (20.48%) 24.01%
Net margin (14.61%) (53.30%) 14.11%
Free cash flow margin 26.74% 50.18% 7.72%
Return on equity (10.60%) (23.35%) 8.99%
Return on assets (6.85%) (13.46%) 4.63%
Return on invested capital 3.73% (4.09%) 6.33%

Growth

Metric PED REI Oil & Gas E&P median
Revenue growth (TTM) 229.37% 7.37% 13.60%
EPS growth (last fiscal year) (181.67%) (150.00%) (10.17%)
Revenue growth, 5-year CAGR 41.52% 22.14% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PED REI Oil & Gas E&P median
Debt to equity 0.42 0.47 0.29
Current ratio 0.78 0.41 0.92
Net debt to EBITDA 7.91 6.31 0.93

Dividend

Metric PED REI Oil & Gas E&P median
Dividend yield — — 3.76%
Payout ratio — — 0.33

Size

Metric PED REI Oil & Gas E&P median
Market cap 192.20m 291.81m 953.29m

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