Cheniere Energy Partners, L.P. (CQP) vs Venture Global, Inc. (VG)

Cheniere Energy Partners, L.P. and Venture Global, Inc. are both Oil & Gas Midstream companies. Cheniere Energy Partners, L.P. and Venture Global, Inc. are of similar size ($28.8B and $27.7B). Venture Global, Inc. trades at the lower P/E: 8.6× against 9.3×. Venture Global, Inc. grew revenue faster over the last twelve months: 100.7% against 13.2%. Cheniere Energy Partners, L.P. has the higher net margin (23.9% vs 19.7%) and the higher return on invested capital (17.0% vs 7.86%). Across the 19 metrics below, Cheniere Energy Partners, L.P. leads on 10 and Venture Global, Inc. on 9.

Valuation

Metric CQP VG Oil & Gas Midstream median
P/E 9.25 8.57 11.68
P/S 2.39 1.71 2.39
P/B 31.71 2.40 1.68
Price to free cash flow 9.65 n/m 8.52
EV/EBITDA 8.86 9.21 9.03
EV/Sales 3.57 3.99 3.43
Earnings yield 10.81% 11.67% 7.78%
Free cash flow yield 10.36% (24.11%) 7.11%

Profitability

Metric CQP VG Oil & Gas Midstream median
Gross margin 41.11% 53.48% 54.87%
Operating margin 34.16% 37.62% 34.73%
Net margin 23.91% 19.65% 20.12%
Free cash flow margin 24.75% (41.24%) 14.43%
Return on equity 1,050.85% 31.90% 11.73%
Return on assets 16.09% 6.17% 4.43%
Return on invested capital 16.98% 7.86% 6.10%

Growth

Metric CQP VG Oil & Gas Midstream median
Revenue growth (TTM) 13.18% 100.72% 14.88%
EPS growth (last fiscal year) 21.65% 50.88% (7.78%)
Revenue growth, 5-year CAGR 11.77% — 10.05%
Net income growth, 5-year CAGR 22.04% — 0.00%

Health

Metric CQP VG Oil & Gas Midstream median
Debt to equity 16.38 3.46 0.77
Current ratio 1.19 1.19 1.19
Net debt to EBITDA 3.23 5.19 3.46

Dividend

Metric CQP VG Oil & Gas Midstream median
Dividend yield 4.04% — 4.94%
Payout ratio 0.37 — 0.73

Size

Metric CQP VG Oil & Gas Midstream median
Market cap 27.70b 28.80b 3.56b

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