Hallador Energy Company (HNRG) vs Vistra Corp. (VST)

Hallador Energy Company and Vistra Corp. are both Utilities Independent Power Producers companies. Vistra Corp. is the larger, with a market value of $46.7B against $685.5M — 68.1× the size. Vistra Corp. trades at the lower P/E: 23.1× against 368×. Hallador Energy Company grew revenue faster over the last twelve months: 7.85% against 3.80%. Vistra Corp. has the higher net margin (10.6% vs −0.20%) and the higher return on invested capital (9.05% vs 5.09%). Across the 20 metrics below, Vistra Corp. leads on 12 and Hallador Energy Company on 8.

Valuation

Metric HNRG VST Utilities Independent Power Producers median
P/E 368.00 23.08 25.63
P/S 1.53 2.43 2.78
P/B 3.65 15.45 3.29
Price to free cash flow n/m 19.24 —
EV/EBITDA n/m 10.37 13.69
EV/Sales 1.55 3.42 3.62
Earnings yield 0.27% 4.33% 2.03%
Free cash flow yield (6.81%) 5.20% (1.89%)

Profitability

Metric HNRG VST Utilities Independent Power Producers median
Gross margin 43.61% 37.99% 37.99%
Operating margin 3.58% 18.55% 4.83%
Net margin (0.20%) 10.55% 1.18%
Free cash flow margin (10.45%) 12.62% 0.50%
Return on equity (0.58%) 75.38% 1.70%
Return on assets (0.21%) 5.02% 0.93%
Return on invested capital 5.09% 9.05% 2.93%

Growth

Metric HNRG VST Utilities Independent Power Producers median
Revenue growth (TTM) 7.85% 3.80% 12.80%
EPS growth (last fiscal year) 116.78% (68.86%) —
Revenue growth, 5-year CAGR 13.96% 9.16% 15.82%
Net income growth, 5-year CAGR 0.00% 3.41% 1.71%

Health

Metric HNRG VST Utilities Independent Power Producers median
Debt to equity 0.23 3.57 0.74
Current ratio 0.72 0.97 1.21
Net debt to EBITDA 4.05 3.71 3.88

Dividend

Metric HNRG VST Utilities Independent Power Producers median
Dividend yield — 1.95% —
Payout ratio 0.00 0.22 0.17

Size

Metric HNRG VST Utilities Independent Power Producers median
Market cap 685.46m 46.65b 11.01b

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