CMB.TECH nv (CMBT) vs Kinetik Holdings Inc. (KNTK)

CMB.TECH nv and Kinetik Holdings Inc. are both Oil & Gas Midstream companies. Kinetik Holdings Inc. is the larger, with a market value of $8.5B against $5.5B — 1.6× the size. CMB.TECH nv trades at the lower P/E: 3.9× against 18.4×. CMB.TECH nv grew revenue faster over the last twelve months: 133.9% against 14.2%. CMB.TECH nv has the higher net margin (51.1% vs 10.4%) and the lower return on invested capital (0.00% vs 4.47%). Both pay a dividend; Kinetik Holdings Inc. yields more (9.21% vs 7.57%). Across the 21 metrics below, Kinetik Holdings Inc. leads on 11 and CMB.TECH nv on 10.

Valuation

Metric CMBT KNTK Oil & Gas Midstream median
P/E 3.94 18.35 13.19
P/S 2.60 2.04 2.60
P/B 1.77 n/m 2.08
Price to free cash flow n/m 31.19 10.14
EV/EBITDA 7.85 12.69 8.11
EV/Sales 5.01 4.14 3.89
Earnings yield 25.41% 5.45% 6.83%
Free cash flow yield (1.54%) 3.21% 6.94%

Profitability

Metric CMBT KNTK Oil & Gas Midstream median
Gross margin 75.42% 40.92% 58.81%
Operating margin 59.23% 10.52% 32.14%
Net margin 51.13% 10.41% 21.16%
Free cash flow margin 0.00% 6.54% 10.15%
Return on equity 0.00% (14.28%) 11.30%
Return on assets 0.00% 2.74% 5.00%
Return on invested capital 0.00% 4.47% 6.13%

Growth

Metric CMBT KNTK Oil & Gas Midstream median
Revenue growth (TTM) 133.89% 14.15% 15.44%
EPS growth (last fiscal year) (86.26%) 157.84% —
Revenue growth, 5-year CAGR 8.72% 33.88% 8.96%
Net income growth, 5-year CAGR (19.43%) 126.35% 0.00%

Health

Metric CMBT KNTK Oil & Gas Midstream median
Debt to equity 1.68 (3.34) 0.78
Current ratio 1.12 0.68 1.19
Net debt to EBITDA 5.50 6.79 3.42

Dividend

Metric CMBT KNTK Oil & Gas Midstream median
Dividend yield 7.57% 9.21% 7.29%
Payout ratio 0.63 1.79 0.64

Size

Metric CMBT KNTK Oil & Gas Midstream median
Market cap 5.48b 8.53b 3.61b

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