Cheniere Energy Partners, L.P. (CQP) vs Plains All American Pipeline, L.P. (PAA)

Cheniere Energy Partners, L.P. and Plains All American Pipeline, L.P. are both Oil & Gas Midstream companies. Cheniere Energy Partners, L.P. is the larger, with a market value of $30.8B against $17.4B — 1.8× the size. Plains All American Pipeline, L.P. trades at the lower P/E: 6.8× against 11.1×. Cheniere Energy Partners, L.P. grew revenue faster over the last twelve months: 15.4% against 13.1%. Cheniere Energy Partners, L.P. has the higher net margin (23.1% vs 4.87%) and the higher return on invested capital (16.4% vs 4.74%). Both pay a dividend; Cheniere Energy Partners, L.P. yields more (8.27% vs 7.20%). Across the 23 metrics below, Cheniere Energy Partners, L.P. leads on 12 and Plains All American Pipeline, L.P. on 11.

Valuation

Metric CQP PAA Oil & Gas Midstream median
P/E 11.12 6.76 13.19
P/S 2.67 0.33 2.60
P/B 40.72 1.41 2.08
Price to free cash flow 11.02 7.07 10.14
EV/EBITDA 9.75 9.42 8.11
EV/Sales 3.89 0.47 3.89
Earnings yield 8.99% 14.78% 6.83%
Free cash flow yield 9.07% 14.15% 6.94%

Profitability

Metric CQP PAA Oil & Gas Midstream median
Gross margin 40.64% 5.55% 58.81%
Operating margin 33.63% 3.14% 32.14%
Net margin 23.11% 4.87% 21.16%
Free cash flow margin 24.23% 4.66% 10.15%
Return on equity 1,283.57% 21.98% 11.30%
Return on assets 15.35% 9.03% 5.00%
Return on invested capital 16.40% 4.74% 6.13%

Growth

Metric CQP PAA Oil & Gas Midstream median
Revenue growth (TTM) 15.44% 13.08% 15.44%
EPS growth (last fiscal year) 21.65% 127.40% —
Revenue growth, 5-year CAGR 11.77% 13.70% 8.96%
Net income growth, 5-year CAGR 22.04% 0.00% 0.00%

Health

Metric CQP PAA Oil & Gas Midstream median
Debt to equity 19.16 0.59 0.78
Current ratio 1.22 1.12 1.19
Net debt to EBITDA 3.23 4.58 3.42

Dividend

Metric CQP PAA Oil & Gas Midstream median
Dividend yield 8.27% 7.20% 7.29%
Payout ratio — — 0.64

Size

Metric CQP PAA Oil & Gas Midstream median
Market cap 30.81b 17.39b 3.61b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack