Duke Energy Corporation (DUK) vs National Grid Transco, PLC (NGG)

Duke Energy Corporation and National Grid Transco, PLC are both Utilities Regulated Electric companies. Duke Energy Corporation is the larger, with a market value of $88.1B against $76.4B — 1.2× the size. Duke Energy Corporation trades at the lower P/E: 17.0× against 20.7×. National Grid Transco, PLC grew revenue faster over the last twelve months: 29.9% against 6.33%. National Grid Transco, PLC has the higher net margin (26.1% vs 15.6%) and the lower return on invested capital (0.00% vs 3.97%). Both pay a dividend; National Grid Transco, PLC yields more (5.63% vs 4.54%). Across the 20 metrics below, Duke Energy Corporation leads on 10 and National Grid Transco, PLC on 10.

Valuation

Metric DUK NGG Utilities Regulated Electric median
P/E 17.02 20.71 18.84
P/S 2.66 n/m 2.52
P/B 1.58 n/m 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 10.40 4.18 11.82
EV/Sales 5.31 1.15 4.58
Earnings yield 5.88% 4.83% 5.30%
Free cash flow yield (4.84%) 0.00% (5.06%)

Profitability

Metric DUK NGG Utilities Regulated Electric median
Gross margin 71.37% 18.68% 66.28%
Operating margin 27.75% 0.00% 21.79%
Net margin 15.61% 26.11% 12.94%
Free cash flow margin (12.85%) 0.00% (11.51%)
Return on equity 9.70% 0.00% 9.75%
Return on assets 2.66% 0.00% 2.75%
Return on invested capital 3.97% 0.00% 3.87%

Growth

Metric DUK NGG Utilities Regulated Electric median
Revenue growth (TTM) 6.33% 29.86% 7.43%
EPS growth (last fiscal year) 10.51% 10.91% —
Revenue growth, 5-year CAGR 6.65% 4.16% 6.75%
Net income growth, 5-year CAGR 31.07% 15.15% 6.44%

Health

Metric DUK NGG Utilities Regulated Electric median
Debt to equity 1.56 1.19 1.53
Current ratio 0.66 0.76 0.81
Net debt to EBITDA 5.33 5.69 5.25

Dividend

Metric DUK NGG Utilities Regulated Electric median
Dividend yield 4.54% 5.63% 4.33%
Payout ratio 0.86 0.68 0.66

Size

Metric DUK NGG Utilities Regulated Electric median
Market cap 88.11b 76.37b 22.90b

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