Ring Energy, Inc. (REI) vs San Juan Basin Royalty Trust (SJT)

Ring Energy, Inc. and San Juan Basin Royalty Trust are both Oil & Gas E&P companies. Ring Energy, Inc. is the larger, with a market value of $341.3M against $200.0M — 1.7× the size. Ring Energy, Inc. grew revenue faster over the last twelve months: −3.15% against −97.4%. Ring Energy, Inc. has the higher net margin (−68.0% vs −71,072.7%) and the higher return on invested capital (−9.64% vs −18.3%). Across the 18 metrics below, Ring Energy, Inc. leads on 14 and San Juan Basin Royalty Trust on 4.

Valuation

Metric REI SJT Oil & Gas E&P median
P/E n/m n/m 11.01
P/S 0.99 179,656.51 1.98
P/B 0.43 114.03 1.30
Price to free cash flow 10.19 n/m 10.68
EV/EBITDA n/m n/m 5.09
EV/Sales 2.10 180,511.51 2.63
Earnings yield (79.56%) (0.40%) 5.78%
Free cash flow yield 9.81% 0.00% 4.91%

Profitability

Metric REI SJT Oil & Gas E&P median
Gross margin 71.76% 100.00% 80.41%
Operating margin (53.03%) (71,072.73%) 21.39%
Net margin (68.02%) (71,072.73%) 14.17%
Free cash flow margin 9.71% 0.00% 8.18%
Return on equity (26.68%) (36.81%) 10.05%
Return on assets (15.75%) (29.00%) 5.81%
Return on invested capital (9.64%) (18.28%) 6.32%

Growth

Metric REI SJT Oil & Gas E&P median
Revenue growth (TTM) (3.15%) (97.42%) 9.94%
EPS growth (last fiscal year) (150.00%) (109.09%) (10.50%)
Revenue growth, 5-year CAGR 22.14% (73.35%) 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric REI SJT Oil & Gas E&P median
Debt to equity 0.48 0.55 0.28
Current ratio 0.54 0.00 0.96
Net debt to EBITDA 6.31 (0.94) 0.89

Dividend

Metric REI SJT Oil & Gas E&P median
Dividend yield — 0.00% 3.29%
Payout ratio — — 0.35

Size

Metric REI SJT Oil & Gas E&P median
Market cap 341.30m 199.95m 1.04b

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