Cheniere Energy, Inc. (LNG) vs MPLX LP (MPLX)

Cheniere Energy, Inc. and MPLX LP are both Oil & Gas Midstream companies. Cheniere Energy, Inc. and MPLX LP are of similar size ($58.8B and $56.8B). MPLX LP trades at the lower P/E: 12.2× against 19.9×. Cheniere Energy, Inc. grew revenue faster over the last twelve months: 17.5% against 8.71%. MPLX LP has the higher net margin (35.8% vs 13.5%) and the lower return on invested capital (9.45% vs 11.8%). Both pay a dividend; MPLX LP yields more (9.32% vs 1.04%). Across the 22 metrics below, MPLX LP leads on 14 and Cheniere Energy, Inc. on 8.

Valuation

Metric LNG MPLX Oil & Gas Midstream median
P/E 19.89 12.22 13.19
P/S 2.61 4.36 2.60
P/B 4.88 4.05 2.08
Price to free cash flow 20.70 13.36 10.14
EV/EBITDA 9.95 11.22 8.11
EV/Sales 3.66 6.22 3.89
Earnings yield 5.03% 8.19% 6.83%
Free cash flow yield 4.83% 7.48% 6.94%

Profitability

Metric LNG MPLX Oil & Gas Midstream median
Gross margin 38.53% 59.69% 58.81%
Operating margin 29.89% 44.44% 32.14%
Net margin 13.50% 35.75% 21.16%
Free cash flow margin 12.61% 32.63% 10.15%
Return on equity 25.52% 33.41% 11.30%
Return on assets 6.27% 11.70% 5.00%
Return on invested capital 11.80% 9.45% 6.13%

Growth

Metric LNG MPLX Oil & Gas Midstream median
Revenue growth (TTM) 17.54% 8.71% 15.44%
EPS growth (last fiscal year) 69.93% 14.49% —
Revenue growth, 5-year CAGR 16.38% 11.42% 8.96%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LNG MPLX Oil & Gas Midstream median
Debt to equity 2.09 1.80 0.78
Current ratio 0.87 0.89 1.19
Net debt to EBITDA 2.03 3.21 3.42

Dividend

Metric LNG MPLX Oil & Gas Midstream median
Dividend yield 1.04% 9.32% 7.29%
Payout ratio 0.04 — 0.64

Size

Metric LNG MPLX Oil & Gas Midstream median
Market cap 56.83b 58.78b 3.61b

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