PERMIANVILLE ROYALTY TRUST (PVL) vs VOC Energy Trust (VOC)

PERMIANVILLE ROYALTY TRUST and VOC Energy Trust are both Oil & Gas E&P companies. PERMIANVILLE ROYALTY TRUST is the larger, with a market value of $58.7M against $50.0M — 1.2× the size. VOC Energy Trust trades at the lower P/E: 7.2× against 7.3×. PERMIANVILLE ROYALTY TRUST grew revenue faster over the last twelve months: −4.59% against −31.8%. VOC Energy Trust has the higher net margin (91.5% vs 17.0%) and the lower return on invested capital (0.00% vs 20.4%). Both pay a dividend; VOC Energy Trust yields more (22.2% vs 11.0%). Across the 17 metrics below, VOC Energy Trust leads on 10 and PERMIANVILLE ROYALTY TRUST on 7.

Valuation

Metric PVL VOC Oil & Gas E&P median
P/E 7.30 7.20 9.67
P/S 1.15 6.67 1.76
P/B n/m 5.53 1.19
Price to free cash flow n/m n/m 8.37
EV/EBITDA 5.15 5.97 4.59
EV/Sales 1.08 5.46 2.27
Earnings yield 13.69% 13.90% 7.55%
Free cash flow yield 0.00% 0.00% 3.98%

Profitability

Metric PVL VOC Oil & Gas E&P median
Gross margin 54.71% 100.00% 79.54%
Operating margin 21.04% 91.52% 24.01%
Net margin 17.01% 91.52% 14.11%
Free cash flow margin 0.00% 0.00% 7.72%
Return on equity 0.00% 68.29% 8.99%
Return on assets 22.28% 68.29% 4.63%
Return on invested capital 20.40% 0.00% 6.33%

Growth

Metric PVL VOC Oil & Gas E&P median
Revenue growth (TTM) (4.59%) (31.76%) 13.60%
EPS growth (last fiscal year) 22.22% (39.73%) (10.17%)
Revenue growth, 5-year CAGR 15.03% 11.48% 18.67%
Net income growth, 5-year CAGR (6.89%) 14.09% 0.00%

Health

Metric PVL VOC Oil & Gas E&P median
Debt to equity 0.00 0.00 0.29
Current ratio 0.00 0.00 0.92
Net debt to EBITDA (0.56) (1.41) 0.93

Dividend

Metric PVL VOC Oil & Gas E&P median
Dividend yield 11.01% 22.20% 3.76%
Payout ratio 0.80 1.60 0.33

Size

Metric PVL VOC Oil & Gas E&P median
Market cap 58.74m 49.98m 953.29m

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