Prairie Operating Co. (PROP) vs VOC Energy Trust (VOC)

Prairie Operating Co. and VOC Energy Trust are both Oil & Gas E&P companies. VOC Energy Trust is the larger, with a market value of $57.5M against $47.1M — 1.2× the size. Prairie Operating Co. has negative trailing earnings, so its P/E is not meaningful; VOC Energy Trust trades at 8.3×. Prairie Operating Co. grew revenue faster over the last twelve months: 311.2% against −31.8%. VOC Energy Trust has the higher net margin (91.5% vs 1.01%) and the lower return on invested capital (0.00% vs 10.3%). Across the 19 metrics below, VOC Energy Trust leads on 10 and Prairie Operating Co. on 9.

Valuation

Metric PROP VOC Oil & Gas E&P median
P/E n/m 8.32 10.57
P/S 0.13 7.71 1.80
P/B 0.21 6.39 1.27
Price to free cash flow n/m n/m 9.99
EV/EBITDA 2.60 7.10 5.08
EV/Sales 1.41 6.50 2.39
Earnings yield (293.60%) 12.02% 6.06%
Free cash flow yield (86.39%) 0.00% 6.17%

Profitability

Metric PROP VOC Oil & Gas E&P median
Gross margin 100.00% 100.00% 80.41%
Operating margin 33.92% 91.52% 21.39%
Net margin 1.01% 91.52% 14.17%
Free cash flow margin (11.63%) 0.00% 9.71%
Return on equity 2.18% 68.29% 10.05%
Return on assets 0.37% 68.29% 5.81%
Return on invested capital 10.31% 0.00% 6.32%

Growth

Metric PROP VOC Oil & Gas E&P median
Revenue growth (TTM) 311.16% (31.76%) 9.94%
EPS growth (last fiscal year) 49.06% (39.73%) —
Revenue growth, 5-year CAGR 257.76% 11.48% 18.67%
Net income growth, 5-year CAGR 0.00% 14.09% 0.00%

Health

Metric PROP VOC 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 (1.41) 0.91

Dividend

Metric PROP VOC Oil & Gas E&P median
Dividend yield — 12.95% 4.93%
Payout ratio — 1.00 0.07

Size

Metric PROP VOC Oil & Gas E&P median
Market cap 47.09m 57.46m 923.59m

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