DT Midstream, Inc. (DTM) vs Frontline PLC (FRO)

DT Midstream, Inc. and Frontline PLC are both Oil & Gas Midstream companies. DT Midstream, Inc. is the larger, with a market value of $11.5B against $10.0B — 1.2× the size. Frontline PLC trades at the lower P/E: 6.7× against 24.4×. Frontline PLC grew revenue faster over the last twelve months: 63.5% against 13.4%. Frontline PLC has the higher net margin (49.4% vs 35.4%) and the higher return on invested capital (19.4% vs 5.14%). Both pay a dividend; Frontline PLC yields more (12.0% vs 3.05%). Across the 23 metrics below, Frontline PLC leads on 17 and DT Midstream, Inc. on 6.

Valuation

Metric DTM FRO Oil & Gas Midstream median
P/E 24.38 6.72 11.68
P/S 8.67 3.32 2.39
P/B 2.33 3.17 1.68
Price to free cash flow 21.68 5.90 8.52
EV/EBITDA 15.40 7.42 9.03
EV/Sales 10.98 4.02 3.43
Earnings yield 4.10% 14.87% 7.78%
Free cash flow yield 4.61% 16.94% 7.11%

Profitability

Metric DTM FRO Oil & Gas Midstream median
Gross margin 100.00% 66.67% 54.87%
Operating margin 49.40% 54.14% 34.73%
Net margin 35.36% 49.37% 20.12%
Free cash flow margin 40.02% 56.19% 14.43%
Return on equity 9.61% 53.85% 11.73%
Return on assets 4.62% 24.94% 4.43%
Return on invested capital 5.14% 19.35% 6.10%

Growth

Metric DTM FRO Oil & Gas Midstream median
Revenue growth (TTM) 13.36% 63.48% 14.88%
EPS growth (last fiscal year) 19.44% (23.77%) (7.78%)
Revenue growth, 5-year CAGR 10.51% 10.05% 10.05%
Net income growth, 5-year CAGR 7.17% (1.69%) 0.00%

Health

Metric DTM FRO Oil & Gas Midstream median
Debt to equity 0.66 0.77 0.77
Current ratio 1.16 1.87 1.19
Net debt to EBITDA 3.68 3.03 3.46

Dividend

Metric DTM FRO Oil & Gas Midstream median
Dividend yield 3.05% 12.00% 4.94%
Payout ratio 0.75 0.81 0.73

Size

Metric DTM FRO Oil & Gas Midstream median
Market cap 11.52b 9.95b 3.56b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack