DTE Energy Company (DTE) vs Pacific Gas & Electric Co. (PCG)

DTE Energy Company and Pacific Gas & Electric Co. are both Utilities Regulated Electric companies. DTE Energy Company and Pacific Gas & Electric Co. are of similar size ($27.1B and $25.2B). Pacific Gas & Electric Co. trades at the lower P/E: 8.9× against 19.1×. DTE Energy Company grew revenue faster over the last twelve months: 15.9% against 5.66%. Pacific Gas & Electric Co. has the higher net margin (11.8% vs 8.00%) and the lower return on invested capital (3.32% vs 3.46%). Both pay a dividend; DTE Energy Company yields more (3.94% vs 0.06%). Across the 22 metrics below, DTE Energy Company leads on 12 and Pacific Gas & Electric Co. on 10.

Valuation

Metric DTE PCG Utilities Regulated Electric median
P/E 19.13 8.94 18.84
P/S 1.53 1.05 2.52
P/B 2.08 0.83 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 12.66 9.15 11.82
EV/Sales 3.20 3.49 4.58
Earnings yield 5.23% 11.18% 5.30%
Free cash flow yield (7.61%) (15.69%) (5.06%)

Profitability

Metric DTE PCG Utilities Regulated Electric median
Gross margin 44.43% 84.30% 66.28%
Operating margin 13.32% 19.99% 21.79%
Net margin 8.00% 11.83% 12.94%
Free cash flow margin (11.66%) (16.50%) (11.51%)
Return on equity 11.03% 9.79% 9.75%
Return on assets 2.47% 2.17% 2.75%
Return on invested capital 3.46% 3.32% 3.87%

Growth

Metric DTE PCG Utilities Regulated Electric median
Revenue growth (TTM) 15.94% 5.66% 7.43%
EPS growth (last fiscal year) 3.84% 2.61% —
Revenue growth, 5-year CAGR 6.72% 6.19% 6.75%
Net income growth, 5-year CAGR 1.34% 0.00% 6.44%

Health

Metric DTE PCG Utilities Regulated Electric median
Debt to equity 2.27 1.88 1.53
Current ratio 0.80 1.22 0.81
Net debt to EBITDA 6.02 6.39 5.25

Dividend

Metric DTE PCG Utilities Regulated Electric median
Dividend yield 3.94% 0.06% 4.33%
Payout ratio 0.58 0.00 0.66

Size

Metric DTE PCG Utilities Regulated Electric median
Market cap 25.22b 27.11b 22.90b

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