Clearway Energy, Inc. (CWEN) vs Eletrobras (EBR.B)

Clearway Energy, Inc. and Eletrobras are both Utilities Renewable companies. Clearway Energy, Inc. is the larger, with a market value of $6.0B against $2.6B — 2.3× the size. Eletrobras trades at the lower P/E: 14.7× against 744×. Eletrobras grew revenue faster over the last twelve months: 10.3% against 5.62%. Eletrobras has the higher net margin (26.1% vs 0.61%) and the higher return on invested capital (2.18% vs 0.81%). Both pay a dividend; Clearway Energy, Inc. yields more (6.72% vs 2.94%). Across the 23 metrics below, Eletrobras leads on 14 and Clearway Energy, Inc. on 9.

Valuation

Metric CWEN EBR.B Utilities Renewable median
P/E 744.25 14.69 18.99
P/S 2.43 2.65 2.58
P/B 0.65 0.92 1.38
Price to free cash flow 5.49 10.53 5.71
EV/EBITDA 11.04 23.58 16.32
EV/Sales 8.11 3.81 5.43
Earnings yield 0.13% 6.81% (12.46%)
Free cash flow yield 18.21% 9.49% (21.58%)

Profitability

Metric CWEN EBR.B Utilities Renewable median
Gross margin 63.50% 100.15% 41.45%
Operating margin 12.12% 13.70% 0.00%
Net margin 0.61% 26.10% (0.87%)
Free cash flow margin 44.18% 24.74% (9.23%)
Return on equity 0.16% 9.76% 0.00%
Return on assets 0.06% 4.26% (2.61%)
Return on invested capital 0.81% 2.18% 0.00%

Growth

Metric CWEN EBR.B Utilities Renewable median
Revenue growth (TTM) 5.62% 10.25% 10.25%
EPS growth (last fiscal year) 90.67% (30.04%) —
Revenue growth, 5-year CAGR 3.57% 5.56% 6.29%
Net income growth, 5-year CAGR 46.55% (0.91%) 0.00%

Health

Metric CWEN EBR.B Utilities Renewable median
Debt to equity 1.66 0.59 0.59
Current ratio 1.11 2.05 1.16
Net debt to EBITDA 7.46 7.17 2.66

Dividend

Metric CWEN EBR.B Utilities Renewable median
Dividend yield 6.72% 2.94% 5.61%
Payout ratio 2.15 1.53 0.00

Size

Metric CWEN EBR.B Utilities Renewable median
Market cap 5.99b 2.62b 239.67m

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