Ecopetrol S.A. (EC) vs National Fuel Gas Company (NFG)

Ecopetrol S.A. and National Fuel Gas Company are both Oil & Gas Integrated companies. Ecopetrol S.A. is the larger, with a market value of $36.4B against $7.5B — 4.9× the size. National Fuel Gas Company trades at the lower P/E: 11.0× against 14.2×. National Fuel Gas Company grew revenue faster over the last twelve months: 15.1% against −76.8%. National Fuel Gas Company has the higher net margin (26.9% vs 11.7%) and the higher return on invested capital (10.1% vs 9.16%). Both pay a dividend; Ecopetrol S.A. yields more (3.69% vs 2.73%). Across the 23 metrics below, National Fuel Gas Company leads on 14 and Ecopetrol S.A. on 9.

Valuation

Metric EC NFG Oil & Gas Integrated median
P/E 14.21 11.02 12.62
P/S 1.14 3.02 1.29
P/B 1.72 1.94 1.62
Price to free cash flow 7.41 34.16 10.23
EV/EBITDA 5.10 6.84 4.86
EV/Sales 2.00 4.07 1.52
Earnings yield 7.04% 9.07% 7.04%
Free cash flow yield 13.49% 2.93% 6.09%

Profitability

Metric EC NFG Oil & Gas Integrated median
Gross margin 36.64% 87.74% 39.18%
Operating margin 27.60% 40.26% 14.90%
Net margin 11.72% 26.86% 8.88%
Free cash flow margin 15.34% 8.84% 9.61%
Return on equity 0.00% 19.58% 12.22%
Return on assets 5.27% 7.15% 6.47%
Return on invested capital 9.16% 10.11% 10.61%

Growth

Metric EC NFG Oil & Gas Integrated median
Revenue growth (TTM) (76.82%) 15.13% 5.63%
EPS growth (last fiscal year) (24.10%) 576.19% (14.54%)
Revenue growth, 5-year CAGR (18.18%) 8.05% 12.04%
Net income growth, 5-year CAGR 0.34% 0.00% 0.00%

Health

Metric EC NFG Oil & Gas Integrated median
Debt to equity 0.96 0.91 0.55
Current ratio 1.51 3.20 1.18
Net debt to EBITDA 2.26 2.08 0.80

Dividend

Metric EC NFG Oil & Gas Integrated median
Dividend yield 3.69% 2.73% 3.24%
Payout ratio 0.52 0.30 0.52

Size

Metric EC NFG Oil & Gas Integrated median
Market cap 36.39b 7.45b 58.96b

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