Fermi Inc. (FRMI) vs Power REIT (PW)

Fermi Inc. and Power REIT are both Reit Specialty companies. Fermi Inc. is the larger, with a market value of $3.0B against $2.5M — 1206.5× the size. Fermi Inc. has the higher net margin (0.00% vs −79.4%) and the lower return on invested capital (−24.3% vs 3.41%). Across the 11 metrics below, Power REIT leads on 8 and Fermi Inc. on 3.

Valuation

Metric FRMI PW Reit Specialty median
P/E n/m n/m 26.27
P/S n/m 0.93 5.86
P/B 2.79 n/m 2.19
Price to free cash flow n/m 1.22 14.62
EV/EBITDA n/m 12.96 16.22
EV/Sales n/m 6.85 8.93
Earnings yield (32.29%) (88.67%) 3.43%
Free cash flow yield (43.05%) 82.00% 5.37%

Profitability

Metric FRMI PW Reit Specialty median
Gross margin — 85.85% 67.43%
Operating margin 0.00% 41.46% 21.38%
Net margin 0.00% (79.35%) 16.14%
Free cash flow margin 0.00% 76.17% 31.07%
Return on equity (134.87%) 69.78% 4.76%
Return on assets (74.99%) (8.19%) 3.29%
Return on invested capital (24.28%) 3.41% 4.19%

Growth

Metric FRMI PW Reit Specialty median
Revenue growth (TTM) — (6.66%) 5.36%
EPS growth (last fiscal year) — 88.90% —
Revenue growth, 5-year CAGR — (13.98%) 6.70%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FRMI PW Reit Specialty median
Debt to equity 0.00 4.19 0.62
Current ratio 0.61 3.60 0.70
Net debt to EBITDA 2.30 (180.08) 4.47

Dividend

Metric FRMI PW Reit Specialty median
Dividend yield — — 3.88%
Payout ratio — 0.00 1.14

Size

Metric FRMI PW Reit Specialty median
Market cap 2.98b 2.47m 8.48b

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