Texas Pacific Land Corporation (TPL) vs Woodside Energy Group Ltd (WDS)

Texas Pacific Land Corporation and Woodside Energy Group Ltd are both Oil & Gas E&P companies. Woodside Energy Group Ltd is the larger, with a market value of $44.1B against $23.9B — 1.8× the size. Woodside Energy Group Ltd trades at the lower P/E: 3.6× against 44.7×. Texas Pacific Land Corporation has the higher net margin (60.3% vs 34.7%) and the higher return on invested capital (29.5% vs 0.00%). Both pay a dividend; Woodside Energy Group Ltd yields more (4.90% vs 0.67%). Across the 19 metrics below, Texas Pacific Land Corporation leads on 13 and Woodside Energy Group Ltd on 6.

Valuation

Metric TPL WDS Oil & Gas E&P median
P/E 44.70 3.58 11.01
P/S 26.95 n/m 1.98
P/B 14.47 n/m 1.30
Price to free cash flow 62.82 n/m 10.68
EV/EBITDA 32.34 0.34 5.09
EV/Sales 26.68 0.24 2.63
Earnings yield 2.24% 27.91% 5.78%
Free cash flow yield 1.59% 0.00% 4.91%

Profitability

Metric TPL WDS Oil & Gas E&P median
Gross margin 100.00% 52.01% 80.41%
Operating margin 74.92% 0.00% 21.39%
Net margin 60.32% 34.74% 14.17%
Free cash flow margin 42.90% 0.00% 8.18%
Return on equity 36.57% 0.00% 10.05%
Return on assets 33.17% 0.00% 5.81%
Return on invested capital 29.52% 0.00% 6.32%

Growth

Metric TPL WDS Oil & Gas E&P median
Revenue growth (TTM) 20.82% — 9.94%
EPS growth (last fiscal year) 6.04% (24.06%) (10.50%)
Revenue growth, 5-year CAGR 21.41% 29.25% 18.67%
Net income growth, 5-year CAGR 22.28% 0.00% 0.00%

Health

Metric TPL WDS Oil & Gas E&P median
Debt to equity 0.00 0.27 0.28
Current ratio 10.86 1.39 0.96
Net debt to EBITDA (0.22) 0.65 0.89

Dividend

Metric TPL WDS Oil & Gas E&P median
Dividend yield 0.67% 4.90% 3.29%
Payout ratio 0.30 — 0.35

Size

Metric TPL WDS Oil & Gas E&P median
Market cap 23.90b 44.13b 1.04b

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