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 $9.1B against $5.7B — 1.6× the size. Ormat Technologies, Inc. trades at the lower P/E: 42.4× against 87.5×. Enlight Renewable Energy Ltd. grew revenue faster over the last twelve months: 35.4% against 28.6%. Enlight Renewable Energy Ltd. has the higher net margin (14.9% vs 11.1%) and the lower return on invested capital (2.41% vs 5.61%). Across the 21 metrics below, Ormat Technologies, Inc. leads on 15 and Enlight Renewable Energy Ltd. on 6.

Valuation

Metric ENLT ORA Utilities Renewable median
P/E 87.46 42.39 14.42
P/S 13.88 4.72 1.78
P/B 3.45 2.07 0.88
Price to free cash flow n/m n/m 11.75
EV/EBITDA 29.07 16.17 10.16
EV/Sales 22.67 6.90 3.74
Earnings yield 1.14% 2.36% (11.66%)
Free cash flow yield (26.26%) (3.72%) (27.02%)

Profitability

Metric ENLT ORA Utilities Renewable median
Gross margin 41.74% 28.44% 40.59%
Operating margin 49.39% 16.66% 0.00%
Net margin 14.91% 11.07% 0.00%
Free cash flow margin (364.48%) 27.51% (1.11%)
Return on equity 4.24% 4.97% 0.00%
Return on assets 1.03% 2.09% (0.07%)
Return on invested capital 2.41% 5.61% 0.00%

Growth

Metric ENLT ORA Utilities Renewable median
Revenue growth (TTM) 35.44% 28.55% 16.77%
EPS growth (last fiscal year) 177.78% (0.98%) 28.57%
Revenue growth, 5-year CAGR 47.36% 7.01% 7.01%
Net income growth, 5-year CAGR 0.00% 7.71% 0.00%

Health

Metric ENLT ORA Utilities Renewable median
Debt to equity 2.52 0.00 0.37
Current ratio 0.75 0.92 0.98
Net debt to EBITDA 8.65 4.86 3.56

Dividend

Metric ENLT ORA Utilities Renewable median
Dividend yield — 0.51% 3.15%
Payout ratio — 0.22 0.17

Size

Metric ENLT ORA Utilities Renewable median
Market cap 9.05b 5.72b 849.13m

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