Hallador Energy Company (HNRG) vs Talen Energy Corporation (TLN)

Hallador Energy Company and Talen Energy Corporation are both Utilities Independent Power Producers companies. Talen Energy Corporation is the larger, with a market value of $14.8B against $685.5M — 21.6× the size. Talen Energy Corporation has negative trailing earnings, so its P/E is not meaningful; Hallador Energy Company trades at 368×. Talen Energy Corporation grew revenue faster over the last twelve months: 60.8% against 7.85%. Hallador Energy Company has the higher net margin (−0.20% vs −5.38%) and the higher return on invested capital (5.09% vs 0.50%). Across the 17 metrics below, Hallador Energy Company leads on 12 and Talen Energy Corporation on 5.

Valuation

Metric HNRG TLN Utilities Independent Power Producers median
P/E 368.00 n/m 25.63
P/S 1.53 4.07 2.78
P/B 3.65 8.53 3.29
Price to free cash flow n/m 31.47 —
EV/EBITDA n/m 48.26 13.69
EV/Sales 1.55 6.78 3.62
Earnings yield 0.27% (1.33%) 2.03%
Free cash flow yield (6.81%) 3.18% (1.89%)

Profitability

Metric HNRG TLN Utilities Independent Power Producers median
Gross margin 43.61% 53.86% 37.99%
Operating margin 3.58% 2.56% 4.83%
Net margin (0.20%) (5.38%) 1.18%
Free cash flow margin (10.45%) 12.92% 0.50%
Return on equity (0.58%) (12.82%) 1.70%
Return on assets (0.21%) (1.77%) 0.93%
Return on invested capital 5.09% 0.50% 2.93%

Growth

Metric HNRG TLN Utilities Independent Power Producers median
Revenue growth (TTM) 7.85% 60.83% 12.80%
EPS growth (last fiscal year) 116.78% (127.11%) —
Revenue growth, 5-year CAGR 13.96% — 15.82%
Net income growth, 5-year CAGR 0.00% — 1.71%

Health

Metric HNRG TLN Utilities Independent Power Producers median
Debt to equity 0.23 5.84 0.74
Current ratio 0.72 0.78 1.21
Net debt to EBITDA 4.05 21.19 3.88

Dividend

Metric HNRG TLN Utilities Independent Power Producers median
Dividend yield — — —
Payout ratio 0.00 — 0.17

Size

Metric HNRG TLN Utilities Independent Power Producers median
Market cap 685.46m 14.81b 11.01b

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