Eletrobras (EBR.B) vs Energy Vault Holdings, Inc. (NRGV)

Eletrobras and Energy Vault Holdings, Inc. are both Utilities Renewable companies. Eletrobras is the larger, with a market value of $2.6B against $781.9M — 3.4× the size. Energy Vault Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Eletrobras trades at 14.7×. Energy Vault Holdings, Inc. grew revenue faster over the last twelve months: 336.8% against 10.3%. Eletrobras has the higher net margin (26.1% vs −48.6%) and the higher return on invested capital (2.18% vs −32.5%). Across the 18 metrics below, Eletrobras leads on 14 and Energy Vault Holdings, Inc. on 4.

Valuation

Metric EBR.B NRGV Utilities Renewable median
P/E 14.69 n/m 18.99
P/S 2.65 3.47 2.58
P/B 0.92 114.29 1.38
Price to free cash flow 10.53 n/m 5.71
EV/EBITDA 23.58 n/m 16.32
EV/Sales 3.81 4.07 5.43
Earnings yield 6.81% (15.00%) (12.46%)
Free cash flow yield 9.49% (18.47%) (21.58%)

Profitability

Metric EBR.B NRGV Utilities Renewable median
Gross margin 100.15% 22.47% 41.45%
Operating margin 13.70% (32.84%) 0.00%
Net margin 26.10% (48.58%) (0.87%)
Free cash flow margin 24.74% (64.08%) (9.23%)
Return on equity 9.76% (225.87%) 0.00%
Return on assets 4.26% (35.43%) (2.61%)
Return on invested capital 2.18% (32.53%) 0.00%

Growth

Metric EBR.B NRGV Utilities Renewable median
Revenue growth (TTM) 10.25% 336.76% 10.25%
EPS growth (last fiscal year) (30.04%) 28.57% —
Revenue growth, 5-year CAGR 5.56% — 6.29%
Net income growth, 5-year CAGR (0.91%) 0.00% 0.00%

Health

Metric EBR.B NRGV Utilities Renewable median
Debt to equity 0.59 35.44 0.59
Current ratio 2.05 1.19 1.16
Net debt to EBITDA 7.17 (0.46) 2.66

Dividend

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

Size

Metric EBR.B NRGV Utilities Renewable median
Market cap 2.62b 781.91m 239.67m

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