Enersys (ENS) vs Plug Power, Inc. (PLUG)

Enersys and Plug Power, Inc. are both Electrical Equipment & Parts companies. Enersys is the larger, with a market value of $6.4B against $2.8B — 2.3× the size. Plug Power, Inc. has negative trailing earnings, so its P/E is not meaningful; Enersys trades at 18.7×. Plug Power, Inc. grew revenue faster over the last twelve months: 10.6% against 3.73%. Enersys has the higher net margin (9.29% vs −220.6%) and the higher return on invested capital (12.4% vs −74.2%). Across the 19 metrics below, Enersys leads on 16 and Plug Power, Inc. on 3.

Valuation

Metric ENS PLUG Electrical Equipment & Parts median
P/E 18.71 n/m 36.10
P/S 1.72 3.70 2.73
P/B 3.31 4.69 3.57
Price to free cash flow 9.10 n/m 33.31
EV/EBITDA 11.58 n/m 18.07
EV/Sales 1.86 4.37 2.75
Earnings yield 5.34% (63.64%) (5.84%)
Free cash flow yield 10.98% (18.94%) 0.00%

Profitability

Metric ENS PLUG Electrical Equipment & Parts median
Gross margin 30.51% (18.55%) 25.38%
Operating margin 12.95% (172.77%) 0.00%
Net margin 9.29% (220.59%) 0.00%
Free cash flow margin 18.93% (70.20%) 0.00%
Return on equity 18.36% (139.62%) 0.94%
Return on assets 8.74% (59.19%) (1.50%)
Return on invested capital 12.37% (74.22%) 0.00%

Growth

Metric ENS PLUG Electrical Equipment & Parts median
Revenue growth (TTM) 3.73% 10.59% 9.28%
EPS growth (last fiscal year) (14.35%) 47.01% —
Revenue growth, 5-year CAGR 4.73% 0.00% 9.80%
Net income growth, 5-year CAGR 15.41% 0.00% 0.00%

Health

Metric ENS PLUG Electrical Equipment & Parts median
Debt to equity 0.53 1.38 0.08
Current ratio 2.80 2.32 2.18
Net debt to EBITDA 1.25 (0.11) 0.26

Dividend

Metric ENS PLUG Electrical Equipment & Parts median
Dividend yield 0.94% — 0.84%
Payout ratio 0.14 0.00 0.00

Size

Metric ENS PLUG Electrical Equipment & Parts median
Market cap 6.39b 2.78b 177.98m

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