Advanced Energy Industries, Inc. (AEIS) vs Plug Power, Inc. (PLUG)

Advanced Energy Industries, Inc. and Plug Power, Inc. are both Electrical Equipment & Parts companies. Advanced Energy Industries, Inc. is the larger, with a market value of $7.5B against $1.9B — 4.0× the size. Plug Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Advanced Energy Industries, Inc. trades at 25.4×. Advanced Energy Industries, Inc. grew revenue faster over the last twelve months: 31.7% against 10.6%. Advanced Energy Industries, Inc. has the higher net margin (12.7% vs −220.6%) and the higher return on invested capital (15.9% vs −74.2%). Across the 19 metrics below, Advanced Energy Industries, Inc. leads on 16 and Plug Power, Inc. on 3.

Valuation

Metric AEIS PLUG Electrical Equipment & Parts median
P/E 25.40 n/m 24.14
P/S 3.33 2.54 2.33
P/B 4.75 3.22 2.49
Price to free cash flow 108.15 n/m 22.24
EV/EBITDA 17.09 n/m 12.18
EV/Sales 3.26 3.21 1.79
Earnings yield 3.94% (92.65%) (6.07%)
Free cash flow yield 0.92% (27.57%) (5.34%)

Profitability

Metric AEIS PLUG Electrical Equipment & Parts median
Gross margin 40.30% (18.55%) 29.92%
Operating margin 15.99% (172.77%) 0.00%
Net margin 12.72% (220.59%) 0.00%
Free cash flow margin 3.08% (70.20%) 0.00%
Return on equity 19.93% (139.62%) 0.00%
Return on assets 9.49% (59.19%) 0.00%
Return on invested capital 15.85% (74.22%) 0.00%

Growth

Metric AEIS PLUG Electrical Equipment & Parts median
Revenue growth (TTM) 31.66% 10.59% 10.59%
EPS growth (last fiscal year) 168.53% 47.01% 24.08%
Revenue growth, 5-year CAGR 4.90% 0.00% 9.92%
Net income growth, 5-year CAGR 1.96% 0.00% 0.00%

Health

Metric AEIS PLUG Electrical Equipment & Parts median
Debt to equity 0.80 1.38 0.15
Current ratio 3.62 2.32 2.34
Net debt to EBITDA (0.96) (0.11) 0.26

Dividend

Metric AEIS PLUG Electrical Equipment & Parts median
Dividend yield 0.21% — 0.33%
Payout ratio 0.06 — 0.09

Size

Metric AEIS PLUG Electrical Equipment & Parts median
Market cap 7.52b 1.89b 159.94m

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