MGE Energy Inc. (MGEE) vs Portland General Electric Company (POR)

MGE Energy Inc. and Portland General Electric Company are both Utilities Regulated Electric companies. Portland General Electric Company is the larger, with a market value of $5.4B against $2.6B — 2.1× the size. MGE Energy Inc. trades at the lower P/E: 17.2× against 20.5×. MGE Energy Inc. grew revenue faster over the last twelve months: 7.07% against 1.32%. MGE Energy Inc. has the higher net margin (19.5% vs 7.27%) and the higher return on invested capital (4.49% vs 3.35%). Both pay a dividend; Portland General Electric Company yields more (4.74% vs 2.59%). Across the 22 metrics below, MGE Energy Inc. leads on 13 and Portland General Electric Company on 9.

Valuation

Metric MGEE POR Utilities Regulated Electric median
P/E 17.21 20.55 18.84
P/S 3.40 1.53 2.52
P/B 1.82 1.32 1.63
Price to free cash flow n/m n/m 36.22
EV/EBITDA 12.42 9.77 11.82
EV/Sales 4.60 2.99 4.58
Earnings yield 5.81% 4.87% 5.30%
Free cash flow yield (6.28%) (3.49%) (5.06%)

Profitability

Metric MGEE POR Utilities Regulated Electric median
Gross margin 72.64% 60.27% 66.28%
Operating margin 22.02% 14.06% 21.79%
Net margin 19.45% 7.27% 12.94%
Free cash flow margin (21.36%) (5.35%) (11.51%)
Return on equity 11.04% 6.45% 9.75%
Return on assets 4.86% 1.95% 2.75%
Return on invested capital 4.49% 3.35% 3.87%

Growth

Metric MGEE POR Utilities Regulated Electric median
Revenue growth (TTM) 7.07% 1.32% 7.43%
EPS growth (last fiscal year) 11.71% (7.97%) —
Revenue growth, 5-year CAGR 6.66% 10.76% 6.75%
Net income growth, 5-year CAGR 8.02% 14.57% 6.44%

Health

Metric MGEE POR Utilities Regulated Electric median
Debt to equity 0.65 1.26 1.53
Current ratio 1.14 0.98 0.81
Net debt to EBITDA 3.17 4.28 5.25

Dividend

Metric MGEE POR Utilities Regulated Electric median
Dividend yield 2.59% 4.74% 4.33%
Payout ratio 0.51 0.76 0.66

Size

Metric MGEE POR Utilities Regulated Electric median
Market cap 2.59b 5.39b 22.90b

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