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

Enerflex Ltd. and National Energy Services Reunited are both Oil & Gas Equipment & Services companies. National Energy Services Reunited is the larger, with a market value of $3.3B against $2.8B — 1.2× the size. National Energy Services Reunited trades at the lower P/E: 34.2× against 54.8×. National Energy Services Reunited grew revenue faster over the last twelve months: 23.6% against 10.4%. National Energy Services Reunited has the higher net margin (5.77% vs 2.06%) and the lower return on invested capital (8.28% vs 10.7%). Across the 22 metrics below, Enerflex Ltd. leads on 13 and National Energy Services Reunited on 9.

Valuation

Metric EFXT NESR Oil & Gas Equipment & Services median
P/E 54.81 34.18 24.78
P/S 1.12 2.00 1.28
P/B 2.46 3.11 1.85
Price to free cash flow 8.13 20.04 15.03
EV/EBITDA 7.78 11.48 8.93
EV/Sales 1.33 2.06 1.40
Earnings yield 1.82% 2.93% 3.12%
Free cash flow yield 12.30% 4.99% 5.01%

Profitability

Metric EFXT NESR Oil & Gas Equipment & Services median
Gross margin 23.31% 13.37% 23.27%
Operating margin 11.09% 9.34% 9.34%
Net margin 2.06% 5.77% 4.69%
Free cash flow margin 13.89% 9.99% 5.05%
Return on equity 4.61% 9.44% 4.92%
Return on assets 1.86% 4.76% 2.37%
Return on invested capital 10.68% 8.28% 4.32%

Growth

Metric EFXT NESR Oil & Gas Equipment & Services median
Revenue growth (TTM) 10.35% 23.55% 6.08%
EPS growth (last fiscal year) 100.00% (35.00%) —
Revenue growth, 5-year CAGR 21.82% 9.68% 10.60%
Net income growth, 5-year CAGR (1.58%) 0.41% 0.00%

Health

Metric EFXT NESR Oil & Gas Equipment & Services median
Debt to equity 0.49 0.26 0.46
Current ratio 1.19 1.02 2.11
Net debt to EBITDA 1.18 0.77 0.76

Dividend

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

Size

Metric EFXT NESR Oil & Gas Equipment & Services median
Market cap 2.84b 3.30b 1.81b

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