Cheniere Energy, Inc. (LNG) vs TC Energy Corporation (TRP)

Cheniere Energy, Inc. and TC Energy Corporation are both Oil & Gas Midstream companies. Cheniere Energy, Inc. and TC Energy Corporation are of similar size ($59.7B and $56.8B). Cheniere Energy, Inc. trades at the lower P/E: 19.9× against 24.4×. TC Energy Corporation grew revenue faster over the last twelve months: 24.0% against 17.5%. TC Energy Corporation has the higher net margin (22.2% vs 13.5%) and the lower return on invested capital (5.39% vs 11.8%). Both pay a dividend; TC Energy Corporation yields more (7.37% vs 1.04%). Across the 23 metrics below, Cheniere Energy, Inc. leads on 15 and TC Energy Corporation on 8.

Valuation

Metric LNG TRP Oil & Gas Midstream median
P/E 19.89 24.39 13.19
P/S 2.61 5.40 2.60
P/B 4.88 2.41 2.08
Price to free cash flow 20.70 20.92 10.14
EV/EBITDA 9.95 12.86 8.11
EV/Sales 3.66 9.27 3.89
Earnings yield 5.03% 4.10% 6.83%
Free cash flow yield 4.83% 4.78% 6.94%

Profitability

Metric LNG TRP Oil & Gas Midstream median
Gross margin 38.53% 70.44% 58.81%
Operating margin 29.89% 53.94% 32.14%
Net margin 13.50% 22.19% 21.16%
Free cash flow margin 12.61% 25.80% 10.15%
Return on equity 25.52% 9.94% 11.30%
Return on assets 6.27% 2.89% 5.00%
Return on invested capital 11.80% 5.39% 6.13%

Growth

Metric LNG TRP Oil & Gas Midstream median
Revenue growth (TTM) 17.54% 24.04% 15.44%
EPS growth (last fiscal year) 69.93% (27.55%) —
Revenue growth, 5-year CAGR 16.38% 2.36% 8.96%
Net income growth, 5-year CAGR 0.00% (6.06%) 0.00%

Health

Metric LNG TRP Oil & Gas Midstream median
Debt to equity 2.09 1.68 0.78
Current ratio 0.87 0.61 1.19
Net debt to EBITDA 2.03 5.43 3.42

Dividend

Metric LNG TRP Oil & Gas Midstream median
Dividend yield 1.04% 7.37% 7.29%
Payout ratio 0.04 4.07 0.64

Size

Metric LNG TRP Oil & Gas Midstream median
Market cap 56.83b 59.65b 3.61b

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