CMB.TECH nv (CMBT) vs Hess Midstream Partners LP (HESM)

CMB.TECH nv and Hess Midstream Partners LP are both Oil & Gas Midstream companies. Hess Midstream Partners LP is the larger, with a market value of $7.9B against $5.5B — 1.4× the size. CMB.TECH nv trades at the lower P/E: 3.9× against 13.2×. CMB.TECH nv grew revenue faster over the last twelve months: 133.9% against 2.78%. CMB.TECH nv has the higher net margin (51.1% vs 23.2%) and the lower return on invested capital (0.00% vs 15.4%). Both pay a dividend; Hess Midstream Partners LP yields more (8.10% vs 7.57%). Across the 22 metrics below, Hess Midstream Partners LP leads on 12 and CMB.TECH nv on 10.

Valuation

Metric CMBT HESM Oil & Gas Midstream median
P/E 3.94 13.19 13.19
P/S 2.60 3.04 2.60
P/B 1.77 12.66 2.08
Price to free cash flow n/m 5.86 10.14
EV/EBITDA 7.85 6.94 8.11
EV/Sales 5.01 5.32 3.89
Earnings yield 25.41% 7.58% 6.83%
Free cash flow yield (1.54%) 17.06% 6.94%

Profitability

Metric CMBT HESM Oil & Gas Midstream median
Gross margin 75.42% 100.00% 58.81%
Operating margin 59.23% 62.06% 32.14%
Net margin 51.13% 23.23% 21.16%
Free cash flow margin 0.00% 51.90% 10.15%
Return on equity 0.00% 83.74% 11.30%
Return on assets 0.00% 8.64% 5.00%
Return on invested capital 0.00% 15.41% 6.13%

Growth

Metric CMBT HESM Oil & Gas Midstream median
Revenue growth (TTM) 133.89% 2.78% 15.44%
EPS growth (last fiscal year) (86.26%) 14.86% —
Revenue growth, 5-year CAGR 8.72% 8.23% 8.96%
Net income growth, 5-year CAGR (19.43%) 71.19% 0.00%

Health

Metric CMBT HESM Oil & Gas Midstream median
Debt to equity 1.68 9.48 0.78
Current ratio 1.12 0.77 1.19
Net debt to EBITDA 5.50 3.05 3.42

Dividend

Metric CMBT HESM Oil & Gas Midstream median
Dividend yield 7.57% 8.10% 7.29%
Payout ratio 0.63 — 0.64

Size

Metric CMBT HESM Oil & Gas Midstream median
Market cap 5.48b 7.93b 3.61b

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