Natural Gas Services Group, Inc. (NGS) vs Smart Sand (SND)

Natural Gas Services Group, Inc. and Smart Sand are both Oil & Gas Equipment & Services companies. Natural Gas Services Group, Inc. is the larger, with a market value of $429.5M against $215.4M — 2.0× the size. Smart Sand trades at the lower P/E: 19.4× against 20.1×. Smart Sand grew revenue faster over the last twelve months: 26.5% against 15.4%. Natural Gas Services Group, Inc. has the higher net margin (10.8% vs 2.71%) and the higher return on invested capital (4.10% vs 2.02%). Across the 21 metrics below, Smart Sand leads on 12 and Natural Gas Services Group, Inc. on 9.

Valuation

Metric NGS SND Oil & Gas Equipment & Services median
P/E 20.12 19.37 24.78
P/S 2.19 0.53 1.28
P/B 1.41 0.86 1.85
Price to free cash flow n/m 5.93 15.03
EV/EBITDA 9.00 5.41 8.93
EV/Sales 3.92 0.54 1.40
Earnings yield 4.97% 5.16% 3.12%
Free cash flow yield (7.51%) 16.87% 5.01%

Profitability

Metric NGS SND Oil & Gas Equipment & Services median
Gross margin 59.72% 13.46% 23.27%
Operating margin 21.57% 2.03% 9.34%
Net margin 10.81% 2.71% 4.69%
Free cash flow margin (16.47%) 8.95% 5.05%
Return on equity 7.30% 4.38% 4.92%
Return on assets 3.29% 3.03% 2.37%
Return on invested capital 4.10% 2.02% 4.32%

Growth

Metric NGS SND Oil & Gas Equipment & Services median
Revenue growth (TTM) 15.42% 26.53% 6.08%
EPS growth (last fiscal year) 14.60% (62.50%) —
Revenue growth, 5-year CAGR 20.42% 21.96% 10.60%
Net income growth, 5-year CAGR 61.60% (48.73%) 0.00%

Health

Metric NGS SND Oil & Gas Equipment & Services median
Debt to equity 1.11 0.06 0.46
Current ratio 2.01 1.69 2.11
Net debt to EBITDA 3.06 (0.37) 0.76

Dividend

Metric NGS SND Oil & Gas Equipment & Services median
Dividend yield — — 2.12%
Payout ratio 0.00 0.00 0.00

Size

Metric NGS SND Oil & Gas Equipment & Services median
Market cap 429.51m 215.39m 1.81b

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