Brookfield Renewable Corporation (BEPC) vs Enlight Renewable Energy Ltd. (ENLT)

Brookfield Renewable Corporation and Enlight Renewable Energy Ltd. are both Utilities Renewable companies. Enlight Renewable Energy Ltd. is the larger, with a market value of $9.6B against $5.3B — 1.8× the size. Brookfield Renewable Corporation has negative trailing earnings, so its P/E is not meaningful; Enlight Renewable Energy Ltd. trades at 102×. Enlight Renewable Energy Ltd. grew revenue faster over the last twelve months: 37.6% against −4.48%. Enlight Renewable Energy Ltd. has the higher net margin (15.3% vs −95.1%) and the lower return on invested capital (2.49% vs 3.28%). Across the 17 metrics below, Enlight Renewable Energy Ltd. leads on 9 and Brookfield Renewable Corporation on 8.

Valuation

Metric BEPC ENLT Utilities Renewable median
P/E n/m 102.49 18.99
P/S n/m 16.60 2.58
P/B n/m 3.97 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 6.24 31.05 16.32
EV/Sales 3.52 25.34 5.43
Earnings yield (3.13%) 0.98% (12.46%)
Free cash flow yield 0.00% (22.07%) (21.58%)

Profitability

Metric BEPC ENLT Utilities Renewable median
Gross margin 60.13% 40.59% 41.45%
Operating margin 27.08% 51.37% 0.00%
Net margin (95.07%) 15.33% (0.87%)
Free cash flow margin 2.96% (366.54%) (9.23%)
Return on equity (44.74%) 4.38% 0.00%
Return on assets (8.27%) 1.04% (2.61%)
Return on invested capital 3.28% 2.49% 0.00%

Growth

Metric BEPC ENLT Utilities Renewable median
Revenue growth (TTM) (4.48%) 37.55% 10.25%
EPS growth (last fiscal year) (178.13%) 177.78% —
Revenue growth, 5-year CAGR 4.24% 47.36% 6.29%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BEPC ENLT Utilities Renewable median
Debt to equity 2.29 2.62 0.59
Current ratio 0.40 1.12 1.16
Net debt to EBITDA 6.22 8.65 2.66

Dividend

Metric BEPC ENLT Utilities Renewable median
Dividend yield 5.61% — 5.61%
Payout ratio 0.33 — 0.00

Size

Metric BEPC ENLT Utilities Renewable median
Market cap 5.27b 9.63b 239.67m

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