Brookfield Renewable Partners L.P. (BEP) vs SOLV Energy Inc. (MWH)

Brookfield Renewable Partners L.P. and SOLV Energy Inc. are both Utilities Renewable companies. Brookfield Renewable Partners L.P. is the larger, with a market value of $9.2B against $4.8B — 1.9× the size. SOLV Energy Inc. has the higher net margin (2.22% vs −1.74%) and the higher return on invested capital (14.6% vs 2.14%). Across the 14 metrics below, SOLV Energy Inc. leads on 10 and Brookfield Renewable Partners L.P. on 4.

Valuation

Metric BEP MWH Utilities Renewable median
P/E n/m — 14.42
P/S 1.15 1.11 1.78
P/B 0.26 3.36 0.88
Price to free cash flow n/m 37.83 11.75
EV/EBITDA 9.16 11.64 10.16
EV/Sales 5.36 1.00 3.74
Earnings yield (1.50%) — (11.66%)
Free cash flow yield (19.49%) 2.64% (27.02%)

Profitability

Metric BEP MWH Utilities Renewable median
Gross margin 61.84% 16.75% 40.59%
Operating margin 29.65% 5.05% 0.00%
Net margin (1.74%) 2.22% 0.00%
Free cash flow margin (22.33%) 2.94% (1.11%)
Return on equity (0.42%) 0.00% 0.00%
Return on assets (0.14%) 5.37% (0.07%)
Return on invested capital 2.14% 14.63% 0.00%

Growth

Metric BEP MWH Utilities Renewable median
Revenue growth (TTM) 16.77% — 16.77%
EPS growth (last fiscal year) 71.91% — 28.57%
Revenue growth, 5-year CAGR 15.22% — 7.01%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BEP MWH Utilities Renewable median
Debt to equity 1.03 0.08 0.37
Current ratio 0.80 1.09 0.98
Net debt to EBITDA 6.62 — 3.56

Dividend

Metric BEP MWH Utilities Renewable median
Dividend yield 5.05% — 3.15%
Payout ratio — — 0.17

Size

Metric BEP MWH Utilities Renewable median
Market cap 9.20b 4.82b 849.13m

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