VOC Energy Trust Units of Beneficial Interest (VOC)

FairStock Score: 66/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look for durable cash flows and a margin of safety. VOC is not an operating oil company; it is a trust holding an 80% term net profits interest in underlying Kansas and Texas oil and gas properties. At the 2026-10-13 close of $3.39, the market cap is $59.4 million. FairStock calculations show ROE of 68.29% and ROCE of 42.68%, and in the second quarter of fiscal 2026 the trust reported $1.7 million of revenue and $1.6 million of net income, a 94.96% net margin. The debt-to-equity figure is not available, beta is 0.14, and the dividend yield is 16.96%. But this is a finite asset. The provided growth data are mixed: revenue growth is negative, while profit growth is positive; neither removes depletion risk. FairStock calculations put the P/E at 8.48, P/B at 6.40, and Graham Number at $2.18, implying the price is 55.50% above asset-based value. EV/EBITDA is 8.40 and PEG is 1.44. The Piotroski F-Score is 4/9, and the computed Lynch category is none because only 0 years of filed annual results are available. The trust cannot reinvest; distributions return capital as wells deplete. A high yield is compensation for commodity and depletion risk, not a moat. I prefer predictable, durable businesses bought with a margin of safety. VOC offers income, but at this price it lacks a Graham-style cushion.

In plain English: VOC Energy Trust holds a share of the profits from oil and gas wells in Kansas and Texas. The trust is very profitable today and pays out a high income, but its revenue is shrinking and the oil-and-gas interest is limited and will decline over time. At $3.39, the price looks high compared with its reported asset value, though it produces a lot of cash.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer