Company Valuation: Battalion Oil Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 134.5 159.5 158.7 158.1 28.31 18.6
Change - 18.58% -0.49% -0.35% -82.1% -34.3%
Enterprise Value (EV) 1 290.8 295 344.1 292.1 166.9 195
Change - 1.44% 16.64% -15.11% -42.87% 16.84%
P/E -0.59x -5.63x 8.67x -10.4x -0.44x -0.5x
PBR 1.5x 2.5x 1.88x 2.32x 6.87x -0.57x
PEG - 0.1x -0x 0x -0x 0x
Capitalization / Revenue 0.91x 0.56x 0.44x 0.72x 0.15x 0.11x
EV / Revenue 1.96x 1.03x 0.96x 1.32x 0.86x 1.17x
EV / EBITDA 5.13x 12.7x 3.66x 3.36x 3.84x 2.12x
EV / EBIT -54.4x -13.3x 8.17x 9.65x -17.7x 4.91x
EV / FCF -6.15x 15.9x -5.61x -39.7x -3.39x -5.79x
FCF Yield -16.3% 6.29% -17.8% -2.52% -29.5% -17.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -14.18 -1.741 1.12 -0.92 -3.9 -2.24
Distribution rate - - - - - -
Net sales 1 148.3 285.2 359.1 220.8 193.9 166
EBITDA 1 56.7 23.16 94.04 86.9 43.49 91.84
EBIT 1 -5.348 -22.24 42.13 30.27 -9.437 39.7
Net income 1 -229.7 -28.32 18.54 -3.048 -31.88 11.88
Net Debt 1 156.3 135.5 185.4 133.9 138.6 176.4
Reference price 2 8.300 9.800 9.710 9.610 1.720 1.130
Nbr of stocks (in thousands) 16,204 16,274 16,345 16,457 16,457 16,457
Announcement Date 3/8/21 3/7/22 3/30/23 4/1/24 3/31/25 3/23/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.68x3x8.67x - 3.52B
25.98x11.79x12.24x4.81% 3.17B
2.9x1.52x2.72x5.76% 1.82B
11.42x - - 2.62% 1.46B
12.67x1.85x3.6x4.58% 794M
17.29x3.34x5.38x - 592M
5.68x1.53x3.16x10.66% 591M
Average 13.37x 3.84x 5.96x 5.69% 1.71B
Weighted average by Cap. 15.92x 5.25x 7.83x 5.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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