Genesis Energy, L.P. (GEL) vs Navigator Holdings Ltd. (NVGS)

Genesis Energy, L.P. and Navigator Holdings Ltd. are both Oil & Gas Midstream companies. Genesis Energy, L.P. is the larger, with a market value of $1.5B against $1.2B — 1.3× the size. Navigator Holdings Ltd. trades at the lower P/E: 6.7× against 67.7×. Genesis Energy, L.P. grew revenue faster over the last twelve months: 16.6% against 6.62%. Navigator Holdings Ltd. has the higher net margin (30.1% vs 1.34%) and the lower return on invested capital (5.28% vs 6.66%). Both pay a dividend; Genesis Energy, L.P. yields more (5.91% vs 1.41%). Across the 22 metrics below, Navigator Holdings Ltd. leads on 16 and Genesis Energy, L.P. on 6.

Valuation

Metric GEL NVGS Oil & Gas Midstream median
P/E 67.68 6.65 11.80
P/S 0.86 1.98 2.38
P/B 12.33 0.91 1.65
Price to free cash flow 4.51 3.79 7.76
EV/EBITDA 7.80 6.04 7.88
EV/Sales 2.58 2.78 3.36
Earnings yield 1.48% 15.03% 7.98%
Free cash flow yield 22.16% 26.41% 7.23%

Profitability

Metric GEL NVGS Oil & Gas Midstream median
Gross margin 35.08% 53.38% 55.22%
Operating margin 19.12% 25.02% 35.83%
Net margin 1.34% 30.06% 20.12%
Free cash flow margin 19.03% 52.18% 14.43%
Return on equity 16.81% 14.27% 14.03%
Return on assets 0.48% 8.17% 4.62%
Return on invested capital 6.66% 5.28% 6.10%

Growth

Metric GEL NVGS Oil & Gas Midstream median
Revenue growth (TTM) 16.63% 6.62% 15.70%
EPS growth (last fiscal year) (237.90%) 23.53% (7.78%)
Revenue growth, 5-year CAGR (2.23%) 12.04% 10.05%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric GEL NVGS Oil & Gas Midstream median
Debt to equity 25.09 0.57 0.77
Current ratio 0.93 1.38 1.16
Net debt to EBITDA 5.82 2.48 3.46

Dividend

Metric GEL NVGS Oil & Gas Midstream median
Dividend yield 5.91% 1.41% 5.03%
Payout ratio 4.00 0.09 0.73

Size

Metric GEL NVGS Oil & Gas Midstream median
Market cap 1.53b 1.19b 3.30b

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