Chesapeake Utilities Corporation (CPK) vs ONE Gas, Inc. (OGS)

Chesapeake Utilities Corporation and ONE Gas, Inc. are both Utilities Regulated Gas companies. ONE Gas, Inc. is the larger, with a market value of $5.1B against $3.4B — 1.5× the size. ONE Gas, Inc. trades at the lower P/E: 17.3× against 22.3×. Chesapeake Utilities Corporation grew revenue faster over the last twelve months: 14.0% against −1.89%. Chesapeake Utilities Corporation has the higher net margin (15.1% vs 12.6%) and the higher return on invested capital (4.97% vs 4.93%). Both pay a dividend; ONE Gas, Inc. yields more (3.32% vs 2.00%). Across the 22 metrics below, ONE Gas, Inc. leads on 13 and Chesapeake Utilities Corporation on 9.

Valuation

Metric CPK OGS Utilities Regulated Gas median
P/E 22.25 17.31 18.45
P/S 3.39 2.21 2.24
P/B 2.01 1.46 1.60
Price to free cash flow n/m n/m —
EV/EBITDA 13.66 9.76 12.21
EV/Sales 5.13 3.37 3.95
Earnings yield 4.49% 5.78% 5.44%
Free cash flow yield (5.73%) (3.10%) (4.57%)

Profitability

Metric CPK OGS Utilities Regulated Gas median
Gross margin 0.00% 63.44% 63.29%
Operating margin 27.21% 21.06% 22.80%
Net margin 15.09% 12.61% 13.27%
Free cash flow margin (19.45%) (6.86%) (11.13%)
Return on equity 9.47% 8.73% 9.10%
Return on assets 3.73% 3.35% 3.58%
Return on invested capital 4.97% 4.93% 4.40%

Growth

Metric CPK OGS Utilities Regulated Gas median
Revenue growth (TTM) 13.95% (1.89%) 3.64%
EPS growth (last fiscal year) 13.50% 11.76% 13.77%
Revenue growth, 5-year CAGR 13.76% 9.67% 6.36%
Net income growth, 5-year CAGR 14.43% 6.11% 8.10%

Health

Metric CPK OGS Utilities Regulated Gas median
Debt to equity 1.04 0.76 1.15
Current ratio 0.29 0.58 0.80
Net debt to EBITDA 4.45 3.36 4.57

Dividend

Metric CPK OGS Utilities Regulated Gas median
Dividend yield 2.00% 3.32% 3.32%
Payout ratio 0.45 0.58 0.59

Size

Metric CPK OGS Utilities Regulated Gas median
Market cap 3.42b 5.14b 5.26b

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