Chord Energy Corporation (CHRD) vs SM Energy Company (SM)

Chord Energy Corporation and SM Energy Company are both Oil & Gas E&P companies. Chord Energy Corporation and SM Energy Company are of similar size ($8.3B and $7.7B). SM Energy Company trades at the lower P/E: 6.6× against 9.1×. SM Energy Company grew revenue faster over the last twelve months: 75.4% against 19.2%. SM Energy Company has the higher net margin (18.2% vs 13.3%) and the lower return on invested capital (7.36% vs 8.12%). Both pay a dividend; Chord Energy Corporation yields more (6.46% vs 1.69%). Across the 22 metrics below, SM Energy Company leads on 12 and Chord Energy Corporation on 10.

Valuation

Metric CHRD SM Oil & Gas E&P median
P/E 9.13 6.65 10.57
P/S 1.21 1.47 1.80
P/B 0.91 1.04 1.27
Price to free cash flow 11.99 4.94 9.99
EV/EBITDA 3.19 4.66 5.08
EV/Sales 1.36 2.79 2.39
Earnings yield 10.95% 15.04% 6.06%
Free cash flow yield 8.34% 20.24% 6.17%

Profitability

Metric CHRD SM Oil & Gas E&P median
Gross margin 49.69% 74.16% 80.41%
Operating margin 18.97% 29.59% 21.39%
Net margin 13.33% 18.20% 14.17%
Free cash flow margin 10.09% 29.85% 9.71%
Return on equity 10.24% 16.13% 10.05%
Return on assets 6.41% 7.18% 5.81%
Return on invested capital 8.12% 7.36% 6.32%

Growth

Metric CHRD SM Oil & Gas E&P median
Revenue growth (TTM) 19.23% 75.36% 9.94%
EPS growth (last fiscal year) (95.38%) (15.44%) —
Revenue growth, 5-year CAGR 38.63% 22.86% 18.67%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CHRD SM Oil & Gas E&P median
Debt to equity 0.18 0.85 0.28
Current ratio 1.22 0.62 0.96
Net debt to EBITDA 0.79 1.06 0.91

Dividend

Metric CHRD SM Oil & Gas E&P median
Dividend yield 6.46% 1.69% 4.93%
Payout ratio 0.15 0.05 0.07

Size

Metric CHRD SM Oil & Gas E&P median
Market cap 7.73b 8.28b 923.59m

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