Comp En De Mn Cemig ADS (CIG) vs Enel Chile S.A. (ENIC)

Comp En De Mn Cemig ADS 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 $4.0B — 1.5× the size. Comp En De Mn Cemig ADS trades at the lower P/E: 4.9× against 10.2×. Enel Chile S.A. grew revenue faster over the last twelve months: 15.0% against 12.8%. Enel Chile S.A. has the higher net margin (12.1% vs 10.4%) and the higher return on invested capital (11.8% vs 0.00%). Both pay a dividend; Enel Chile S.A. yields more (11.4% vs 8.71%). Across the 21 metrics below, Enel Chile S.A. leads on 13 and Comp En De Mn Cemig ADS on 8.

Valuation

Metric CIG ENIC Utilities Regulated Electric median
P/E 4.93 10.21 18.84
P/S 0.72 1.27 2.52
P/B 1.08 1.04 1.63
Price to free cash flow 7.71 3.78 36.22
EV/EBITDA 6.02 5.39 11.82
EV/Sales 1.07 1.25 4.58
Earnings yield 20.29% 9.79% 5.30%
Free cash flow yield 12.97% 26.48% (5.06%)

Profitability

Metric CIG ENIC Utilities Regulated Electric median
Gross margin 15.89% 40.97% 66.28%
Operating margin 15.03% 23.15% 21.79%
Net margin 10.44% 12.11% 12.94%
Free cash flow margin 0.00% 0.00% (11.51%)
Return on equity 0.00% 0.00% 9.75%
Return on assets 15.42% 4.49% 2.75%
Return on invested capital 0.00% 11.79% 3.87%

Growth

Metric CIG ENIC Utilities Regulated Electric median
Revenue growth (TTM) 12.78% 15.00% 7.43%
EPS growth (last fiscal year) (33.33%) 225.00% —
Revenue growth, 5-year CAGR 9.36% 6.77% 6.75%
Net income growth, 5-year CAGR 9.56% 0.00% 6.44%

Health

Metric CIG ENIC Utilities Regulated Electric median
Debt to equity 0.69 0.00 1.53
Current ratio 0.93 0.79 0.81
Net debt to EBITDA 2.09 (0.09) 5.25

Dividend

Metric CIG ENIC Utilities Regulated Electric median
Dividend yield 8.71% 11.44% 4.33%
Payout ratio 0.49 0.03 0.66

Size

Metric CIG ENIC Utilities Regulated Electric median
Market cap 3.96b 5.87b 22.90b

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