Eletrobras (EBR.B) vs Enlight Renewable Energy Ltd. (ENLT)

Eletrobras and Enlight Renewable Energy Ltd. are both Utilities Renewable companies. Enlight Renewable Energy Ltd. is the larger, with a market value of $9.6B against $2.6B — 3.7× the size. Eletrobras trades at the lower P/E: 14.7× against 102×. Enlight Renewable Energy Ltd. grew revenue faster over the last twelve months: 37.6% against 10.3%. Eletrobras has the higher net margin (26.1% vs 15.3%) and the lower return on invested capital (2.18% vs 2.49%). Across the 21 metrics below, Eletrobras leads on 15 and Enlight Renewable Energy Ltd. on 6.

Valuation

Metric EBR.B ENLT Utilities Renewable median
P/E 14.69 102.49 18.99
P/S 2.65 16.60 2.58
P/B 0.92 3.97 1.38
Price to free cash flow 10.53 n/m 5.71
EV/EBITDA 23.58 31.05 16.32
EV/Sales 3.81 25.34 5.43
Earnings yield 6.81% 0.98% (12.46%)
Free cash flow yield 9.49% (22.07%) (21.58%)

Profitability

Metric EBR.B ENLT Utilities Renewable median
Gross margin 100.15% 40.59% 41.45%
Operating margin 13.70% 51.37% 0.00%
Net margin 26.10% 15.33% (0.87%)
Free cash flow margin 24.74% (366.54%) (9.23%)
Return on equity 9.76% 4.38% 0.00%
Return on assets 4.26% 1.04% (2.61%)
Return on invested capital 2.18% 2.49% 0.00%

Growth

Metric EBR.B ENLT Utilities Renewable median
Revenue growth (TTM) 10.25% 37.55% 10.25%
EPS growth (last fiscal year) (30.04%) 177.78% —
Revenue growth, 5-year CAGR 5.56% 47.36% 6.29%
Net income growth, 5-year CAGR (0.91%) 0.00% 0.00%

Health

Metric EBR.B ENLT Utilities Renewable median
Debt to equity 0.59 2.62 0.59
Current ratio 2.05 1.12 1.16
Net debt to EBITDA 7.17 8.65 2.66

Dividend

Metric EBR.B ENLT Utilities Renewable median
Dividend yield 2.94% — 5.61%
Payout ratio 1.53 — 0.00

Size

Metric EBR.B ENLT Utilities Renewable median
Market cap 2.62b 9.63b 239.67m

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