New Fortress Energy LLC (NFE) vs Toro Corp. (TORO)

New Fortress Energy LLC and Toro Corp. are both Oil & Gas Midstream companies. Toro Corp. is the larger, with a market value of $184.6M against $36.9M — 5.0× the size. New Fortress Energy LLC has negative trailing earnings, so its P/E is not meaningful; Toro Corp. trades at 131×. Toro Corp. grew revenue faster over the last twelve months: −0.04% against −37.2%. Toro Corp. has the higher net margin (1.55% vs −149.4%) and the higher return on invested capital (−2.54% vs −8.62%). Across the 16 metrics below, Toro Corp. leads on 13 and New Fortress Energy LLC on 3.

Valuation

Metric NFE TORO Oil & Gas Midstream median
P/E n/m 130.75 13.19
P/S 0.03 5.93 2.60
P/B n/m 0.66 2.08
Price to free cash flow n/m n/m 10.14
EV/EBITDA n/m 80.28 8.11
EV/Sales 6.63 2.38 3.89
Earnings yield (4,980.31%) 0.76% 6.83%
Free cash flow yield (1,987.45%) (29.16%) 6.94%

Profitability

Metric NFE TORO Oil & Gas Midstream median
Gross margin 34.01% 53.03% 58.81%
Operating margin (86.31%) (21.05%) 32.14%
Net margin (149.43%) 1.55% 21.16%
Free cash flow margin (59.85%) (172.97%) 10.15%
Return on equity (411.72%) 0.17% 11.30%
Return on assets (16.69%) 0.10% 5.00%
Return on invested capital (8.62%) (2.54%) 6.13%

Growth

Metric NFE TORO Oil & Gas Midstream median
Revenue growth (TTM) (37.18%) (0.04%) 15.44%
EPS growth (last fiscal year) (488.14%) (92.66%) —
Revenue growth, 5-year CAGR 27.20% — 8.96%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NFE TORO Oil & Gas Midstream median
Debt to equity (20.48) 0.00 0.78
Current ratio 0.16 22.23 1.19
Net debt to EBITDA (34.61) (305.33) 3.42

Dividend

Metric NFE TORO Oil & Gas Midstream median
Dividend yield 8.30% — 7.29%
Payout ratio 1.80 — 0.64

Size

Metric NFE TORO Oil & Gas Midstream median
Market cap 36.90m 184.55m 3.61b

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