Enerflex Ltd. (EFXT) vs Innovex International, Inc. (INVX)

Enerflex Ltd. and Innovex International, Inc. are both Oil & Gas Equipment & Services companies. Enerflex Ltd. is the larger, with a market value of $2.8B against $2.0B — 1.4× the size. Innovex International, Inc. trades at the lower P/E: 32.0× against 54.8×. Innovex International, Inc. grew revenue faster over the last twelve months: 15.0% against 10.4%. Innovex International, Inc. has the higher net margin (6.17% vs 2.06%) and the lower return on invested capital (7.26% vs 10.7%). Across the 22 metrics below, Innovex International, Inc. leads on 13 and Enerflex Ltd. on 9.

Valuation

Metric EFXT INVX Oil & Gas Equipment & Services median
P/E 54.81 32.02 24.78
P/S 1.12 1.97 1.28
P/B 2.46 1.85 1.85
Price to free cash flow 8.13 8.86 15.03
EV/EBITDA 7.78 9.98 8.93
EV/Sales 1.33 1.77 1.40
Earnings yield 1.82% 3.12% 3.12%
Free cash flow yield 12.30% 11.29% 5.01%

Profitability

Metric EFXT INVX Oil & Gas Equipment & Services median
Gross margin 23.31% 32.40% 23.27%
Operating margin 11.09% 10.03% 9.34%
Net margin 2.06% 6.17% 4.69%
Free cash flow margin 13.89% 22.18% 5.05%
Return on equity 4.61% 5.99% 4.92%
Return on assets 1.86% 4.82% 2.37%
Return on invested capital 10.68% 7.26% 4.32%

Growth

Metric EFXT INVX Oil & Gas Equipment & Services median
Revenue growth (TTM) 10.35% 15.03% 6.08%
EPS growth (last fiscal year) 100.00% (56.68%) —
Revenue growth, 5-year CAGR 21.82% 21.80% 10.60%
Net income growth, 5-year CAGR (1.58%) 0.00% 0.00%

Health

Metric EFXT INVX Oil & Gas Equipment & Services median
Debt to equity 0.49 0.02 0.46
Current ratio 1.19 5.01 2.11
Net debt to EBITDA 1.18 (0.86) 0.76

Dividend

Metric EFXT INVX Oil & Gas Equipment & Services median
Dividend yield 1.40% — 2.12%
Payout ratio — 0.00 0.00

Size

Metric EFXT INVX Oil & Gas Equipment & Services median
Market cap 2.84b 2.00b 1.81b

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