Riley Exploration Permian, Inc. (REPX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+6.4%

$51.09

vs $48.03 price

Levered DCF

$19.97

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.01

Grey zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	3.47×	7.44×	4.81×	4.87×	-4.61×	-30.39×	-11.97×	6.44×
P/B	0.88×	1.29×	1.27×	1.74×	1.3×	4.87×	0.82×	1.49×
P/S	1.42×	1.61×	1.43×	1.8×	2.05×	4.35×	1.06×	1.72×
EV / EBITDA	2.38×	4.14×	3.68×	3.43×	-88.81×	-4.1×	5.86×	5.2×
Gross margin	46.4%	57.1%	58.9%	73.8%	62.2%	-23.4%	16.2%	25.3%
Operating margin	36.0%	37.5%	50.0%	63.3%	39.6%	-125.6%	-10.3%	4.1%
Net margin	41.0%	21.7%	29.8%	36.7%	-43.5%	-120.1%	-8.9%	26.7%
Current ratio	0.6×	0.55×	0.67×	0.67×	0.49×	3.87×	7.01×	7.93×
Debt / equity	0.4×	0.54×	0.86×	0.18×	0.28×	0.04×	0.02×	0.02×
Interest coverage	4.41×	4.37×	6.48×	0×	16.24×	-381.7×	-50.5×	48×
Dividend yield	6.0%	4.7%	5.2%	4.3%	4.5%	0.0%	0.0%	0.0%
Payout ratio	20.7%	34.7%	24.8%	21.2%	-21.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	25.4%	17.4%	26.5%	35.4%	-27.6%	-134.4%	-6.9%	23.2%
Return on invested capital	10.5%	13.0%	16.3%	35.9%	17.9%	-78.3%	-5.6%	2.7%
Return on assets	13.8%	8.9%	11.8%	22.9%	-16.6%	-67.9%	-4.9%	16.5%
Free cash flow yield	15.5%	17.6%	12.3%	7.3%	0.0%	-12.5%	-4.1%	3.0%
Earnings yield	28.8%	13.4%	20.8%	20.4%	-21.2%	-27.6%	-8.4%	15.5%
Enterprise value	$795.1M	$925.2M	$883.4M	$626.7M	$368.7M	$11.8M	$2.3M	$7.1M
Net debt / EBITDA	0.71×	1.18×	1.44×	0.26×	-14.26×	0.5×	-7.39×	-2.19×
Cash conversion cycle (days)	43	23	40	50	-2	49	54	61