Enel Chile S.A. (ENIC) vs OGE Energy Corporation (OGE)

Enel Chile S.A. and OGE Energy Corporation are both Utilities Regulated Electric companies. OGE Energy Corporation is the larger, with a market value of $9.2B against $5.9B — 1.6× the size. Enel Chile S.A. trades at the lower P/E: 10.2× against 19.6×. Enel Chile S.A. grew revenue faster over the last twelve months: 15.0% against 0.63%. OGE Energy Corporation has the higher net margin (14.4% vs 12.1%) and the lower return on invested capital (4.53% vs 11.8%). Both pay a dividend; Enel Chile S.A. yields more (11.4% vs 5.16%). Across the 22 metrics below, Enel Chile S.A. leads on 16 and OGE Energy Corporation on 6.

Valuation

Metric ENIC OGE Utilities Regulated Electric median
P/E 10.21 19.57 18.84
P/S 1.27 2.86 2.52
P/B 1.04 1.86 1.63
Price to free cash flow 3.78 33.75 36.22
EV/EBITDA 5.39 11.26 11.82
EV/Sales 1.25 4.67 4.58
Earnings yield 9.79% 5.11% 5.30%
Free cash flow yield 26.48% 2.96% (5.06%)

Profitability

Metric ENIC OGE Utilities Regulated Electric median
Gross margin 40.97% 62.01% 66.28%
Operating margin 23.15% 24.24% 21.79%
Net margin 12.11% 14.43% 12.94%
Free cash flow margin 0.00% 8.48% (11.51%)
Return on equity 0.00% 9.70% 9.75%
Return on assets 4.49% 3.25% 2.75%
Return on invested capital 11.79% 4.53% 3.87%

Growth

Metric ENIC OGE Utilities Regulated Electric median
Revenue growth (TTM) 15.00% 0.63% 7.43%
EPS growth (last fiscal year) 225.00% 5.94% —
Revenue growth, 5-year CAGR 6.77% 8.96% 6.75%
Net income growth, 5-year CAGR 0.00% 0.00% 6.44%

Health

Metric ENIC OGE Utilities Regulated Electric median
Debt to equity 0.00 1.17 1.53
Current ratio 0.79 0.77 0.81
Net debt to EBITDA (0.09) 4.16 5.25

Dividend

Metric ENIC OGE Utilities Regulated Electric median
Dividend yield 11.44% 5.16% 4.33%
Payout ratio 0.03 0.94 0.66

Size

Metric ENIC OGE Utilities Regulated Electric median
Market cap 5.87b 9.15b 22.90b

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