Central Puerto S.A. Sponsored ADR (CEPU) vs Enel Chile S.A. (ENIC)

Central Puerto S.A. Sponsored ADR and Enel Chile S.A. are both Utilities Regulated Electric companies. Enel Chile S.A. is the larger, with a market value of $5.9B against $2.0B — 2.9× the size. Central Puerto S.A. Sponsored ADR trades at the lower P/E: 4.9× against 10.2×. Central Puerto S.A. Sponsored ADR grew revenue faster over the last twelve months: 37.2% against 15.0%. Central Puerto S.A. Sponsored ADR has the higher net margin (34.9% vs 12.1%) and the lower return on invested capital (9.25% vs 11.8%). Both pay a dividend; Enel Chile S.A. yields more (11.4% vs 0.24%). Across the 23 metrics below, Central Puerto S.A. Sponsored ADR leads on 14 and Enel Chile S.A. on 9.

Valuation

Metric CEPU ENIC Utilities Regulated Electric median
P/E 4.85 10.21 18.84
P/S 1.68 1.27 2.52
P/B 0.92 1.04 1.63
Price to free cash flow 173.22 3.78 36.22
EV/EBITDA 4.89 5.39 11.82
EV/Sales 2.11 1.25 4.58
Earnings yield 20.61% 9.79% 5.30%
Free cash flow yield 0.58% 26.48% (5.06%)

Profitability

Metric CEPU ENIC Utilities Regulated Electric median
Gross margin 33.93% 40.97% 66.28%
Operating margin 33.40% 23.15% 21.79%
Net margin 34.86% 12.11% 12.94%
Free cash flow margin 0.97% 0.00% (11.51%)
Return on equity 20.12% 0.00% 9.75%
Return on assets 13.21% 4.49% 2.75%
Return on invested capital 9.25% 11.79% 3.87%

Growth

Metric CEPU ENIC Utilities Regulated Electric median
Revenue growth (TTM) 37.17% 15.00% 7.43%
EPS growth (last fiscal year) 372.22% 225.00% —
Revenue growth, 5-year CAGR 10.16% 6.77% 6.75%
Net income growth, 5-year CAGR 23.14% 0.00% 6.44%

Health

Metric CEPU ENIC Utilities Regulated Electric median
Debt to equity 0.33 0.00 1.53
Current ratio 1.28 0.79 0.81
Net debt to EBITDA 0.29 (0.09) 5.25

Dividend

Metric CEPU ENIC Utilities Regulated Electric median
Dividend yield 0.24% 11.44% 4.33%
Payout ratio 0.23 0.03 0.66

Size

Metric CEPU ENIC Utilities Regulated Electric median
Market cap 2.01b 5.87b 22.90b

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