Prairie Operating Co. (PROP) vs PERMIANVILLE ROYALTY TRUST (PVL)

Prairie Operating Co. and PERMIANVILLE ROYALTY TRUST are both Oil & Gas E&P companies. PERMIANVILLE ROYALTY TRUST is the larger, with a market value of $60.1M against $47.1M — 1.3× the size. Prairie Operating Co. has negative trailing earnings, so its P/E is not meaningful; PERMIANVILLE ROYALTY TRUST trades at 7.4×. Prairie Operating Co. grew revenue faster over the last twelve months: 311.2% against −4.59%. PERMIANVILLE ROYALTY TRUST has the higher net margin (17.0% vs 1.01%) and the higher return on invested capital (20.4% vs 10.3%). Across the 19 metrics below, Prairie Operating Co. leads on 10 and PERMIANVILLE ROYALTY TRUST on 9.

Valuation

Metric PROP PVL Oil & Gas E&P median
P/E n/m 7.43 10.57
P/S 0.13 1.17 1.80
P/B 0.21 n/m 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA 2.60 5.24 5.08
EV/Sales 1.41 1.10 2.39
Earnings yield (293.60%) 13.46% 6.06%
Free cash flow yield (86.39%) 0.00% 6.17%

Profitability

Metric PROP PVL Oil & Gas E&P median
Gross margin 100.00% 54.71% 80.41%
Operating margin 33.92% 21.04% 21.39%
Net margin 1.01% 17.01% 14.17%
Free cash flow margin (11.63%) 0.00% 9.71%
Return on equity 2.18% 0.00% 10.05%
Return on assets 0.37% 22.28% 5.81%
Return on invested capital 10.31% 20.40% 6.32%

Growth

Metric PROP PVL Oil & Gas E&P median
Revenue growth (TTM) 311.16% (4.59%) 9.94%
EPS growth (last fiscal year) 49.06% 22.22% —
Revenue growth, 5-year CAGR 257.76% 15.03% 18.67%
Net income growth, 5-year CAGR 0.00% (6.89%) 0.00%

Health

Metric PROP PVL Oil & Gas E&P median
Debt to equity 1.64 0.00 0.28
Current ratio 0.25 0.00 0.96
Net debt to EBITDA 3.13 (0.56) 0.91

Dividend

Metric PROP PVL Oil & Gas E&P median
Dividend yield — 9.72% 4.93%
Payout ratio — 0.93 0.07

Size

Metric PROP PVL Oil & Gas E&P median
Market cap 47.09m 60.06m 923.59m

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