Brookfield Renewable Corporation (BEPC) vs Ormat Technologies, Inc. (ORA)

Brookfield Renewable Corporation and Ormat Technologies, Inc. are both Utilities Renewable companies. Brookfield Renewable Corporation and Ormat Technologies, Inc. are of similar size ($5.7B and $5.3B). Brookfield Renewable Corporation has negative trailing earnings, so its P/E is not meaningful; Ormat Technologies, Inc. trades at 45.0×. Ormat Technologies, Inc. grew revenue faster over the last twelve months: 31.1% against −4.48%. Ormat Technologies, Inc. has the higher net margin (10.7% vs −95.1%) and the lower return on invested capital (2.36% vs 3.28%). Both pay a dividend; Brookfield Renewable Corporation yields more (5.61% vs 0.76%). Across the 19 metrics below, Ormat Technologies, Inc. leads on 11 and Brookfield Renewable Corporation on 8.

Valuation

Metric BEPC ORA Utilities Renewable median
P/E n/m 45.01 18.99
P/S n/m 4.84 2.58
P/B n/m 2.11 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 6.24 16.32 16.32
EV/Sales 3.52 6.94 5.43
Earnings yield (3.13%) 2.22% (12.46%)
Free cash flow yield 0.00% (4.65%) (21.58%)

Profitability

Metric BEPC ORA Utilities Renewable median
Gross margin 60.13% 27.93% 41.45%
Operating margin 27.08% 16.61% 0.00%
Net margin (95.07%) 10.66% (0.87%)
Free cash flow margin 2.96% (22.28%) (9.23%)
Return on equity (44.74%) 4.73% 0.00%
Return on assets (8.27%) 1.98% (2.61%)
Return on invested capital 3.28% 2.36% 0.00%

Growth

Metric BEPC ORA Utilities Renewable median
Revenue growth (TTM) (4.48%) 31.13% 10.25%
EPS growth (last fiscal year) (178.13%) (0.98%) —
Revenue growth, 5-year CAGR 4.24% 7.01% 6.29%
Net income growth, 5-year CAGR 0.00% 7.71% 0.00%

Health

Metric BEPC ORA Utilities Renewable median
Debt to equity 2.29 1.15 0.59
Current ratio 0.40 1.05 1.16
Net debt to EBITDA 6.22 4.86 2.66

Dividend

Metric BEPC ORA Utilities Renewable median
Dividend yield 5.61% 0.76% 5.61%
Payout ratio 0.33 0.31 0.00

Size

Metric BEPC ORA Utilities Renewable median
Market cap 5.27b 5.69b 239.67m

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