National Fuel Gas Company (NFG) vs Petroleo Brasileiro S.A.- Petrobras (PBR.A)

National Fuel Gas Company and Petroleo Brasileiro S.A.- Petrobras are both Oil & Gas Integrated companies. Petroleo Brasileiro S.A.- Petrobras is the larger, with a market value of $51.1B against $7.5B — 6.8× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 4.7× against 10.9×. Petroleo Brasileiro S.A.- Petrobras grew revenue faster over the last twelve months: 20.8% against 15.1%. National Fuel Gas Company has the higher net margin (26.9% vs 24.5%) and the lower return on invested capital (10.1% vs 15.5%). Both pay a dividend; Petroleo Brasileiro S.A.- Petrobras yields more (17.1% vs 4.01%). Across the 23 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 18 and National Fuel Gas Company on 5.

Valuation

Metric NFG PBR.A Oil & Gas Integrated median
P/E 10.90 4.68 11.88
P/S 2.99 1.15 1.20
P/B 1.91 1.28 1.56
Price to free cash flow 33.77 5.76 9.74
EV/EBITDA 6.79 3.25 4.94
EV/Sales 4.03 1.63 1.57
Earnings yield 9.18% 21.38% 7.58%
Free cash flow yield 2.96% 17.37% 6.71%

Profitability

Metric NFG PBR.A Oil & Gas Integrated median
Gross margin 87.74% 50.75% 39.18%
Operating margin 40.26% 34.15% 14.90%
Net margin 26.86% 24.52% 8.76%
Free cash flow margin 8.84% 19.89% 9.61%
Return on equity 19.58% 30.66% 12.22%
Return on assets 7.15% 11.05% 6.47%
Return on invested capital 10.11% 15.53% 10.61%

Growth

Metric NFG PBR.A Oil & Gas Integrated median
Revenue growth (TTM) 15.13% 20.79% 5.63%
EPS growth (last fiscal year) 576.19% 162.07% —
Revenue growth, 5-year CAGR 8.05% 10.69% 12.04%
Net income growth, 5-year CAGR 0.00% 76.66% 0.00%

Health

Metric NFG PBR.A Oil & Gas Integrated median
Debt to equity 0.91 0.65 0.55
Current ratio 3.20 0.85 1.18
Net debt to EBITDA 2.08 1.23 0.80

Dividend

Metric NFG PBR.A Oil & Gas Integrated median
Dividend yield 4.01% 17.06% 5.01%
Payout ratio 0.32 1.25 0.29

Size

Metric NFG PBR.A Oil & Gas Integrated median
Market cap 7.51b 51.12b 51.12b

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