Cheniere Energy, Inc. (LNG) vs Pembina Pipeline Corp. (PBA)

Cheniere Energy, Inc. and Pembina Pipeline Corp. are both Oil & Gas Midstream companies. Cheniere Energy, Inc. is the larger, with a market value of $57.7B against $28.0B — 2.1× the size. Cheniere Energy, Inc. trades at the lower P/E: 21.4× against 24.4×. Cheniere Energy, Inc. grew revenue faster over the last twelve months: 17.5% against 2.50%. Pembina Pipeline Corp. has the higher net margin (20.1% vs 13.5%) and the lower return on invested capital (6.10% vs 11.8%). Both pay a dividend; Pembina Pipeline Corp. yields more (4.18% vs 0.77%). Across the 22 metrics below, Cheniere Energy, Inc. leads on 13 and Pembina Pipeline Corp. on 9.

Valuation

Metric LNG PBA Oil & Gas Midstream median
P/E 21.44 24.44 12.77
P/S 2.81 4.92 2.36
P/B 5.26 2.63 2.09
Price to free cash flow 22.31 18.36 9.71
EV/EBITDA 10.50 13.68 8.30
EV/Sales 3.86 6.51 3.88
Earnings yield 4.66% 4.09% 7.15%
Free cash flow yield 4.48% 5.45% 6.86%

Profitability

Metric LNG PBA Oil & Gas Midstream median
Gross margin 38.53% 40.97% 56.58%
Operating margin 29.89% 35.83% 34.18%
Net margin 13.50% 20.12% 22.50%
Free cash flow margin 12.61% 26.77% 13.70%
Return on equity 25.52% 10.84% 14.65%
Return on assets 6.27% 4.60% 5.00%
Return on invested capital 11.80% 6.10% 6.13%

Growth

Metric LNG PBA Oil & Gas Midstream median
Revenue growth (TTM) 17.54% 2.50% 15.60%
EPS growth (last fiscal year) 69.93% (13.06%) (7.86%)
Revenue growth, 5-year CAGR 16.38% 4.31% 9.59%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LNG PBA Oil & Gas Midstream median
Debt to equity 2.09 0.77 0.78
Current ratio 0.87 0.62 1.19
Net debt to EBITDA 2.03 3.31 3.42

Dividend

Metric LNG PBA Oil & Gas Midstream median
Dividend yield 0.77% 4.18% 4.54%
Payout ratio 0.17 1.03 0.76

Size

Metric LNG PBA Oil & Gas Midstream median
Market cap 57.65b 28.02b 3.73b

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