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 ($32.6B and $30.8B). Venture Global, Inc. trades at the lower P/E: 9.3× against 11.1×. Venture Global, Inc. grew revenue faster over the last twelve months: 100.7% against 15.4%. Cheniere Energy Partners, L.P. has the higher net margin (23.1% vs 19.7%) and the higher return on invested capital (16.4% vs 7.86%). Across the 19 metrics below, Venture Global, Inc. leads on 10 and Cheniere Energy Partners, L.P. on 9.

Valuation

Metric CQP VG Oil & Gas Midstream median
P/E 11.12 9.28 13.19
P/S 2.67 1.85 2.60
P/B 40.72 2.60 2.08
Price to free cash flow 11.02 n/m 10.14
EV/EBITDA 9.75 9.53 8.11
EV/Sales 3.89 4.13 3.89
Earnings yield 8.99% 10.78% 6.83%
Free cash flow yield 9.07% (22.25%) 6.94%

Profitability

Metric CQP VG Oil & Gas Midstream median
Gross margin 40.64% 53.48% 58.81%
Operating margin 33.63% 37.62% 32.14%
Net margin 23.11% 19.65% 21.16%
Free cash flow margin 24.23% (41.24%) 10.15%
Return on equity 1,283.57% 31.90% 11.30%
Return on assets 15.35% 6.17% 5.00%
Return on invested capital 16.40% 7.86% 6.13%

Growth

Metric CQP VG Oil & Gas Midstream median
Revenue growth (TTM) 15.44% 100.72% 15.44%
EPS growth (last fiscal year) 21.65% 50.88% —
Revenue growth, 5-year CAGR 11.77% — 8.96%
Net income growth, 5-year CAGR 22.04% — 0.00%

Health

Metric CQP VG Oil & Gas Midstream median
Debt to equity 19.16 3.46 0.78
Current ratio 1.22 1.19 1.19
Net debt to EBITDA 3.23 5.19 3.42

Dividend

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

Size

Metric CQP VG Oil & Gas Midstream median
Market cap 30.81b 32.58b 3.61b

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