Enlight Renewable Energy Ltd. (ENLT) vs Ormat Technologies, Inc. (ORA)

Enlight Renewable Energy Ltd. and Ormat Technologies, Inc. are both Utilities Renewable companies. Enlight Renewable Energy Ltd. is the larger, with a market value of $9.6B against $5.7B — 1.7× the size. Ormat Technologies, Inc. trades at the lower P/E: 45.0× against 102×. Enlight Renewable Energy Ltd. grew revenue faster over the last twelve months: 37.6% against 31.1%. Enlight Renewable Energy Ltd. has the higher net margin (15.3% vs 10.7%) and the higher return on invested capital (2.49% vs 2.36%). Across the 21 metrics below, Ormat Technologies, Inc. leads on 13 and Enlight Renewable Energy Ltd. on 8.

Valuation

Metric ENLT ORA Utilities Renewable median
P/E 102.49 45.01 18.99
P/S 16.60 4.84 2.58
P/B 3.97 2.11 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 31.05 16.32 16.32
EV/Sales 25.34 6.94 5.43
Earnings yield 0.98% 2.22% (12.46%)
Free cash flow yield (22.07%) (4.65%) (21.58%)

Profitability

Metric ENLT ORA Utilities Renewable median
Gross margin 40.59% 27.93% 41.45%
Operating margin 51.37% 16.61% 0.00%
Net margin 15.33% 10.66% (0.87%)
Free cash flow margin (366.54%) (22.28%) (9.23%)
Return on equity 4.38% 4.73% 0.00%
Return on assets 1.04% 1.98% (2.61%)
Return on invested capital 2.49% 2.36% 0.00%

Growth

Metric ENLT ORA Utilities Renewable median
Revenue growth (TTM) 37.55% 31.13% 10.25%
EPS growth (last fiscal year) 177.78% (0.98%) —
Revenue growth, 5-year CAGR 47.36% 7.01% 6.29%
Net income growth, 5-year CAGR 0.00% 7.71% 0.00%

Health

Metric ENLT ORA Utilities Renewable median
Debt to equity 2.62 1.15 0.59
Current ratio 1.12 1.05 1.16
Net debt to EBITDA 8.65 4.86 2.66

Dividend

Metric ENLT ORA Utilities Renewable median
Dividend yield — 0.76% 5.61%
Payout ratio — 0.31 0.00

Size

Metric ENLT ORA Utilities Renewable median
Market cap 9.63b 5.69b 239.67m

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