Genie Energy Ltd. (GNE) vs Terrestrial Energy Inc. (IMSR)

Genie Energy Ltd. and Terrestrial Energy Inc. are both Utilities Regulated Electric companies. Terrestrial Energy Inc. is the larger, with a market value of $464.0M against $415.6M — 1.1× the size. Terrestrial Energy Inc. has negative trailing earnings, so its P/E is not meaningful; Genie Energy Ltd. trades at 16.2×. Genie Energy Ltd. has the higher net margin (5.05% vs 0.00%) and the higher return on invested capital (22.0% vs −296.3%). Across the 13 metrics below, Genie Energy Ltd. leads on 10 and Terrestrial Energy Inc. on 3.

Valuation

Metric GNE IMSR Utilities Regulated Electric median
P/E 16.25 n/m 18.84
P/S 0.83 n/m 2.52
P/B 1.63 1.62 1.63
Price to free cash flow 38.70 n/m 36.22
EV/EBITDA 10.07 n/m 11.82
EV/Sales 0.43 n/m 4.58
Earnings yield 6.15% (8.89%) 5.30%
Free cash flow yield 2.58% (5.71%) (5.06%)

Profitability

Metric GNE IMSR Utilities Regulated Electric median
Gross margin 25.33% — 66.28%
Operating margin 4.05% 0.00% 21.79%
Net margin 5.05% 0.00% 12.94%
Free cash flow margin 2.19% 0.00% (11.51%)
Return on equity 11.47% (26.46%) 9.75%
Return on assets 6.74% (13.36%) 2.75%
Return on invested capital 22.04% (296.34%) 3.87%

Growth

Metric GNE IMSR Utilities Regulated Electric median
Revenue growth (TTM) 10.01% — 7.43%
EPS growth (last fiscal year) 95.65% (105.16%) —
Revenue growth, 5-year CAGR 7.06% — 6.75%
Net income growth, 5-year CAGR 15.51% — 6.44%

Health

Metric GNE IMSR Utilities Regulated Electric median
Debt to equity 0.03 0.00 1.53
Current ratio 2.89 44.53 0.81
Net debt to EBITDA (7.07) 13.60 5.25

Dividend

Metric GNE IMSR Utilities Regulated Electric median
Dividend yield 1.59% — 4.33%
Payout ratio 0.14 — 0.66

Size

Metric GNE IMSR Utilities Regulated Electric median
Market cap 415.58m 464.02m 22.90b

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