Viper Energy, Inc.

Energy
Oil & Gas Production
www.viperenergy.com

Earnings Score
Moat Score

Market Cap $4.33B
PE 21
Debt $821.51M
Cash $168.65M
EV $4.98B
FCF -

Earnings

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Sales & Net Margins

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Earnings	$205.82M
EBIT	$566.06M
ROE	6%
ROA	13%
Equity	$3.34B
Growth Stability	-192%
PE	21.02
PEG	0.62
PB	1.3
P/S	5.17
Price/Cash	0.04
Debt/Equity	0.25
Net Margins	24%
Op. Margins	68%
Earnings CAGR	3%
Sales Growth YoY	-29%
Sales Growth QoQ	-3%
Sales CAGR	35%
FCF CAGR	0%
Equity CAGR	13%
Earnings Stability	-0.23
Earnings Growth YoY	-38%
Earnings Growth QoQ	-14%

Earnings CAGR 5Y	34%
Sales CAGR 5Y	36%
Equity CAGR 5Y	33%
Earnings CAGR 3Y	15%
Sales CAGR 3Y	15%
Equity CAGR 3Y	75%
Market Cap	$4.33B
Revenue	$836.40M
Dividend Yield	5%
Payout Ratio	98%
Assets	$4.21B
Total Debt	$821.51M
Cash	$168.65M
Shares Outstanding	90.78M
EV	4.98B
Earnings Score	6%
Moat Score	88%
Working Capital	275.97M
Current Ratio	7.24
Shares Growth 3y	10%
Equity Growth QoQ	16%
Equity Growth YoY	367%

Assets & ROA

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Stockholders Equity & ROE

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Viper Energy Partners was formed by Diamondback Energy in 2014 to own mineral royalty interests in the Permian Basin. At the end of 2020, Viper owns 24,350 net royalty acres that produced 26,551 boe/d. Proved reserves are mostly oil, and at the end of 2020 stand at 99,392 mboe.

SEC Filings

Direct access to Viper Energy, Inc. (VNOM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Viper Energy, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Viper Energy, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability -23%

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Viper Energy, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Viper Energy, Inc..

Years

Calculation mode

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
DCF		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Value	$0

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-	-14%	65%	50%	15%	-77%	11%	17%	24%	24%
ROA	-	-1%	11%	12%	7%	2%	12%	23%	16%	13%
ROE	-	-	12%	12%	5%	-30%	7%	7%	7%	6%

Good Net Margins (23.57%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-	-	1.71	2.48	2.83	-	-	-	-
Debt over Equity	-	-	-	0.33	0.63	0.87	0.95	0.25	0.38	0.25
Growth Stability	-	-	-	100%	57%	-192%	-	-	100%	-192%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.25)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-192%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	6%	117%	68%	3%	-16%	101%	72%	-4%	36%
Earnings YoY growth	-	-	-1K%	29%	-68%	-519%	-130%	161%	32%	34%
Equity YoY growth	-	11%	67%	35%	-25%	-32%	28%	185%	23%	33%
FCF YoY growth	-	-	103%	72%	-1%	-17%	-	-	-	-