Equinor ASA (EQNR) vs YPF Sociedad Anonima (YPF)

Equinor ASA and YPF Sociedad Anonima are both Oil & Gas Integrated companies. Equinor ASA is the larger, with a market value of $101.7B against $15.2B — 6.7× the size. Equinor ASA trades at the lower P/E: 8.8× against 14.2×. YPF Sociedad Anonima grew revenue faster over the last twelve months: 21.4% against 11.8%. Equinor ASA has the higher net margin (9.71% vs 9.42%) and the higher return on invested capital (54.5% vs 15.4%). Across the 21 metrics below, Equinor ASA leads on 19 and YPF Sociedad Anonima on 2.

Valuation

Metric EQNR YPF Oil & Gas Integrated median
P/E 8.84 14.15 8.84
P/S 0.83 6.73 1.10
P/B 2.25 11.90 1.43
Price to free cash flow 7.34 47.46 8.19
EV/EBITDA 1.99 22.58 4.43
EV/Sales 0.83 7.04 1.48
Earnings yield 11.31% 7.07% 9.76%
Free cash flow yield 13.62% 2.11% 7.35%

Profitability

Metric EQNR YPF Oil & Gas Integrated median
Gross margin 53.58% 38.62% 39.93%
Operating margin 32.26% 22.96% 17.07%
Net margin 9.71% 9.42% 10.24%
Free cash flow margin 11.34% 0.00% 11.16%
Return on equity 27.58% 0.00% 14.86%
Return on assets 8.34% 6.69% 7.07%
Return on invested capital 54.52% 15.42% 12.85%

Growth

Metric EQNR YPF Oil & Gas Integrated median
Revenue growth (TTM) 11.76% 21.40% 13.45%
EPS growth (last fiscal year) (37.62%) (135.23%) (14.54%)
Revenue growth, 5-year CAGR 18.37% 14.19% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric EQNR YPF Oil & Gas Integrated median
Debt to equity 0.53 0.76 0.53
Current ratio 1.16 1.24 1.19
Net debt to EBITDA 0.18 1.95 0.80

Dividend

Metric EQNR YPF Oil & Gas Integrated median
Dividend yield 3.56% — 3.83%
Payout ratio 0.32 — 0.34

Size

Metric EQNR YPF Oil & Gas Integrated median
Market cap 101.70b 15.20b 47.17b

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