Enerflex Ltd. (EFXT) vs USA Compression Partners, LP (USAC)

Enerflex Ltd. and USA Compression Partners, LP are both Oil & Gas Equipment & Services companies. USA Compression Partners, LP is the larger, with a market value of $3.7B against $2.8B — 1.3× the size. USA Compression Partners, LP trades at the lower P/E: 23.9× against 54.8×. USA Compression Partners, LP grew revenue faster over the last twelve months: 19.9% against 10.4%. USA Compression Partners, LP has the higher net margin (12.3% vs 2.06%) and the lower return on invested capital (6.84% vs 10.7%). Both pay a dividend; USA Compression Partners, LP yields more (8.57% vs 1.40%). Across the 23 metrics below, USA Compression Partners, LP leads on 12 and Enerflex Ltd. on 11.

Valuation

Metric EFXT USAC Oil & Gas Equipment & Services median
P/E 54.81 23.87 24.78
P/S 1.12 3.15 1.28
P/B 2.46 12.90 1.85
Price to free cash flow 8.13 11.85 15.03
EV/EBITDA 7.78 9.74 8.93
EV/Sales 1.33 5.64 1.40
Earnings yield 1.82% 4.19% 3.12%
Free cash flow yield 12.30% 8.44% 5.01%

Profitability

Metric EFXT USAC Oil & Gas Equipment & Services median
Gross margin 23.31% 65.70% 23.27%
Operating margin 11.09% 29.95% 9.34%
Net margin 2.06% 12.27% 4.69%
Free cash flow margin 13.89% 26.57% 5.05%
Return on equity 4.61% 174.21% 4.92%
Return on assets 1.86% 4.54% 2.37%
Return on invested capital 10.68% 6.84% 4.32%

Growth

Metric EFXT USAC Oil & Gas Equipment & Services median
Revenue growth (TTM) 10.35% 19.87% 6.08%
EPS growth (last fiscal year) 100.00% 18.06% —
Revenue growth, 5-year CAGR 21.82% 8.37% 10.60%
Net income growth, 5-year CAGR (1.58%) 0.00% 0.00%

Health

Metric EFXT USAC Oil & Gas Equipment & Services median
Debt to equity 0.49 10.25 0.46
Current ratio 1.19 1.35 2.11
Net debt to EBITDA 1.18 4.14 0.76

Dividend

Metric EFXT USAC Oil & Gas Equipment & Services median
Dividend yield 1.40% 8.57% 2.12%
Payout ratio — — 0.00

Size

Metric EFXT USAC Oil & Gas Equipment & Services median
Market cap 2.84b 3.70b 1.81b

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