DTE Energy Company (DTE) vs Eversource Energy (ES)

DTE Energy Company and Eversource Energy are both Utilities Regulated Electric companies. DTE Energy Company and Eversource Energy are of similar size ($25.2B and $24.0B). Eversource Energy trades at the lower P/E: 16.5× against 19.1×. DTE Energy Company grew revenue faster over the last twelve months: 15.9% against 7.75%. Eversource Energy has the higher net margin (10.4% vs 8.00%) and the higher return on invested capital (4.32% vs 3.46%). Both pay a dividend; Eversource Energy yields more (5.00% vs 3.94%). Across the 22 metrics below, Eversource Energy leads on 16 and DTE Energy Company on 6.

Valuation

Metric DTE ES Utilities Regulated Electric median
P/E 19.13 16.49 18.84
P/S 1.53 1.71 2.52
P/B 2.08 1.47 1.63
Price to free cash flow n/m 80.52 36.22
EV/EBITDA 12.66 9.68 11.82
EV/Sales 3.20 3.66 4.58
Earnings yield 5.23% 6.06% 5.30%
Free cash flow yield (7.61%) 1.24% (5.06%)

Profitability

Metric DTE ES Utilities Regulated Electric median
Gross margin 44.43% 67.80% 66.28%
Operating margin 13.32% 21.55% 21.79%
Net margin 8.00% 10.35% 12.94%
Free cash flow margin (11.66%) 2.13% (11.51%)
Return on equity 11.03% 9.06% 9.75%
Return on assets 2.47% 2.33% 2.75%
Return on invested capital 3.46% 4.32% 3.87%

Growth

Metric DTE ES Utilities Regulated Electric median
Revenue growth (TTM) 15.94% 7.75% 7.43%
EPS growth (last fiscal year) 3.84% 100.88% —
Revenue growth, 5-year CAGR 6.72% 8.75% 6.75%
Net income growth, 5-year CAGR 1.34% 7.03% 6.44%

Health

Metric DTE ES Utilities Regulated Electric median
Debt to equity 2.27 1.78 1.53
Current ratio 0.80 0.80 0.81
Net debt to EBITDA 6.02 5.22 5.25

Dividend

Metric DTE ES Utilities Regulated Electric median
Dividend yield 3.94% 5.00% 4.33%
Payout ratio 0.58 0.78 0.66

Size

Metric DTE ES Utilities Regulated Electric median
Market cap 25.22b 24.03b 22.90b

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