Enerflex Ltd. (EFXT) vs National Energy Services Reunited (NESR)

Enerflex Ltd. and National Energy Services Reunited are both Oil & Gas Equipment & Services companies. Enerflex Ltd. is the larger, with a market value of $2.3B against $1.9B — 1.2× the size. National Energy Services Reunited trades at the lower P/E: 20.4× against 32.7×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against −3.55%. National Energy Services Reunited has the higher net margin (5.77% vs 2.94%) and the lower return on invested capital (8.28% vs 10.3%). Across the 22 metrics below, Enerflex Ltd. leads on 12 and National Energy Services Reunited on 10.

Valuation

Metric EFXT NESR Oil & Gas Equipment & Services median
P/E 32.72 20.41 20.53
P/S 0.96 1.20 1.08
P/B 1.90 1.86 1.64
Price to free cash flow 6.02 11.97 12.36
EV/EBITDA 6.58 7.00 8.00
EV/Sales 1.12 1.26 1.29
Earnings yield 3.06% 4.90% 3.88%
Free cash flow yield 16.60% 8.35% 5.18%

Profitability

Metric EFXT NESR Oil & Gas Equipment & Services median
Gross margin 23.55% 13.37% 22.88%
Operating margin 10.76% 9.34% 7.44%
Net margin 2.94% 5.77% 4.12%
Free cash flow margin 16.06% 9.99% 3.10%
Return on equity 5.98% 9.44% 5.46%
Return on assets 2.45% 4.76% 2.63%
Return on invested capital 10.33% 8.28% 4.26%

Growth

Metric EFXT NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) (3.55%) 23.55% 4.65%
EPS growth (last fiscal year) 100.00% (35.00%) (13.00%)
Revenue growth, 5-year CAGR 21.82% 9.68% 12.57%
Net income growth, 5-year CAGR (1.58%) 0.41% 0.00%

Health

Metric EFXT NESR Oil & Gas Equipment & Services median
Debt to equity 0.48 0.26 0.44
Current ratio 1.23 1.02 2.04
Net debt to EBITDA 1.18 0.77 1.12

Dividend

Metric EFXT NESR Oil & Gas Equipment & Services median
Dividend yield 0.65% — 1.49%
Payout ratio 0.21 — 0.36

Size

Metric EFXT NESR Oil & Gas Equipment & Services median
Market cap 2.30b 1.94b 1.44b

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