MDU Resources Group, Inc. (MDU) vs OPAL Fuels Inc. (OPAL)

MDU Resources Group, Inc. and OPAL Fuels Inc. are both Utilities Regulated Gas companies. MDU Resources Group, Inc. is the larger, with a market value of $3.9B against $321.4M — 12.2× the size. OPAL Fuels Inc. has negative trailing earnings, so its P/E is not meaningful; MDU Resources Group, Inc. trades at 19.7×. OPAL Fuels Inc. grew revenue faster over the last twelve months: 3.02% against −1.13%. MDU Resources Group, Inc. has the higher net margin (10.8% vs −0.13%) and the higher return on invested capital (3.56% vs 0.39%). Across the 18 metrics below, MDU Resources Group, Inc. leads on 12 and OPAL Fuels Inc. on 6.

Valuation

Metric MDU OPAL Utilities Regulated Gas median
P/E 19.75 n/m 15.65
P/S 2.15 0.16 2.04
P/B 1.34 1.45 1.50
Price to free cash flow n/m n/m —
EV/EBITDA 12.30 14.56 11.49
EV/Sales 3.53 1.16 3.54
Earnings yield 5.06% (0.54%) 6.39%
Free cash flow yield (9.82%) (87.42%) (5.71%)

Profitability

Metric MDU OPAL Utilities Regulated Gas median
Gross margin 58.68% 29.42% 63.14%
Operating margin 16.98% 0.69% 21.47%
Net margin 10.75% (0.13%) 13.00%
Free cash flow margin (21.10%) (14.10%) (13.27%)
Return on equity 6.95% (5.45%) 9.47%
Return on assets 2.68% (0.04%) 3.80%
Return on invested capital 3.56% 0.39% 4.29%

Growth

Metric MDU OPAL Utilities Regulated Gas median
Revenue growth (TTM) (1.13%) 3.02% 6.36%
EPS growth (last fiscal year) (32.12%) 650.00% —
Revenue growth, 5-year CAGR (19.46%) — 6.36%
Net income growth, 5-year CAGR (13.37%) — 8.10%

Health

Metric MDU OPAL Utilities Regulated Gas median
Debt to equity 0.88 11.39 1.22
Current ratio 0.99 1.82 0.78
Net debt to EBITDA 5.31 10.02 4.68

Dividend

Metric MDU OPAL Utilities Regulated Gas median
Dividend yield 2.53% — 4.31%
Payout ratio 0.36 0.00 0.62

Size

Metric MDU OPAL Utilities Regulated Gas median
Market cap 3.92b 321.43m 4.52b

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