Enerflex Ltd. (EFXT) vs WaterBridge Infrastructure LLC (WBI)

Enerflex Ltd. and WaterBridge Infrastructure LLC are both Oil & Gas Equipment & Services companies. WaterBridge Infrastructure LLC is the larger, with a market value of $3.7B against $2.8B — 1.3× the size. Enerflex Ltd. trades at the lower P/E: 54.8× against 373×. Enerflex Ltd. has the higher net margin (2.06% vs −0.63%) and the higher return on invested capital (10.7% vs 2.15%). Across the 17 metrics below, Enerflex Ltd. leads on 13 and WaterBridge Infrastructure LLC on 4.

Valuation

Metric EFXT WBI Oil & Gas Equipment & Services median
P/E 54.81 372.50 24.78
P/S 1.12 1.94 1.28
P/B 2.46 0.79 1.85
Price to free cash flow 8.13 n/m 15.03
EV/EBITDA 7.78 8.33 8.93
EV/Sales 1.33 4.02 1.40
Earnings yield 1.82% 0.27% 3.12%
Free cash flow yield 12.30% (8.31%) 5.01%

Profitability

Metric EFXT WBI Oil & Gas Equipment & Services median
Gross margin 23.31% 56.99% 23.27%
Operating margin 11.09% 15.54% 9.34%
Net margin 2.06% (0.63%) 4.69%
Free cash flow margin 13.89% (16.08%) 5.05%
Return on equity 4.61% (0.38%) 4.92%
Return on assets 1.86% (0.24%) 2.37%
Return on invested capital 10.68% 2.15% 4.32%

Growth

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

Health

Metric EFXT WBI Oil & Gas Equipment & Services median
Debt to equity 0.49 0.88 0.46
Current ratio 1.19 1.54 2.11
Net debt to EBITDA 1.18 6.16 0.76

Dividend

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

Size

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

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