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 $10.1B against $2.1B — 4.9× the size. Plug Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Advanced Energy Industries, Inc. trades at 41.2×. Advanced Energy Industries, Inc. grew revenue faster over the last twelve months: 24.6% against 10.6%. Advanced Energy Industries, Inc. has the higher net margin (10.8% vs −220.6%) and the higher return on invested capital (12.7% 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 41.19 n/m 31.20
P/S 4.54 2.58 2.28
P/B 6.36 3.27 3.19
Price to free cash flow 106.81 n/m 27.15
EV/EBITDA 27.21 n/m 15.80
EV/Sales 4.48 3.25 2.38
Earnings yield 2.43% (91.30%) (5.87%)
Free cash flow yield 0.94% (27.17%) 0.00%

Profitability

Metric AEIS PLUG Electrical Equipment & Parts median
Gross margin 39.28% (18.55%) 25.38%
Operating margin 13.21% (172.77%) 0.00%
Net margin 10.77% (220.59%) 0.00%
Free cash flow margin 4.25% (70.20%) 0.00%
Return on equity 16.17% (139.62%) 0.14%
Return on assets 7.56% (59.19%) (1.50%)
Return on invested capital 12.71% (74.22%) 0.00%

Growth

Metric AEIS PLUG Electrical Equipment & Parts median
Revenue growth (TTM) 24.58% 10.59% 7.92%
EPS growth (last fiscal year) 168.53% 47.01% 27.37%
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 0.87 1.38 0.16
Current ratio 3.79 2.32 2.31
Net debt to EBITDA (0.96) (0.11) 0.26

Dividend

Metric AEIS PLUG Electrical Equipment & Parts median
Dividend yield 0.17% — 0.48%
Payout ratio 0.07 — 0.10

Size

Metric AEIS PLUG Electrical Equipment & Parts median
Market cap 10.10b 2.07b 157.22m

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