OGE Energy Corporation (OGE) vs Portland General Electric Company (POR)

OGE Energy Corporation and Portland General Electric Company are both Utilities Regulated Electric companies. OGE Energy Corporation is the larger, with a market value of $9.2B against $5.4B — 1.7× the size. OGE Energy Corporation trades at the lower P/E: 19.6× against 20.5×. Portland General Electric Company grew revenue faster over the last twelve months: 1.32% against 0.63%. OGE Energy Corporation has the higher net margin (14.4% vs 7.27%) and the higher return on invested capital (4.53% vs 3.35%). Both pay a dividend; OGE Energy Corporation yields more (5.16% vs 4.74%). Across the 22 metrics below, OGE Energy Corporation leads on 14 and Portland General Electric Company on 8.

Valuation

Metric OGE POR Utilities Regulated Electric median
P/E 19.57 20.55 18.84
P/S 2.86 1.53 2.52
P/B 1.86 1.32 1.63
Price to free cash flow 33.75 n/m 36.22
EV/EBITDA 11.26 9.77 11.82
EV/Sales 4.67 2.99 4.58
Earnings yield 5.11% 4.87% 5.30%
Free cash flow yield 2.96% (3.49%) (5.06%)

Profitability

Metric OGE POR Utilities Regulated Electric median
Gross margin 62.01% 60.27% 66.28%
Operating margin 24.24% 14.06% 21.79%
Net margin 14.43% 7.27% 12.94%
Free cash flow margin 8.48% (5.35%) (11.51%)
Return on equity 9.70% 6.45% 9.75%
Return on assets 3.25% 1.95% 2.75%
Return on invested capital 4.53% 3.35% 3.87%

Growth

Metric OGE POR Utilities Regulated Electric median
Revenue growth (TTM) 0.63% 1.32% 7.43%
EPS growth (last fiscal year) 5.94% (7.97%) —
Revenue growth, 5-year CAGR 8.96% 10.76% 6.75%
Net income growth, 5-year CAGR 0.00% 14.57% 6.44%

Health

Metric OGE POR Utilities Regulated Electric median
Debt to equity 1.17 1.26 1.53
Current ratio 0.77 0.98 0.81
Net debt to EBITDA 4.16 4.28 5.25

Dividend

Metric OGE POR Utilities Regulated Electric median
Dividend yield 5.16% 4.74% 4.33%
Payout ratio 0.94 0.76 0.66

Size

Metric OGE POR Utilities Regulated Electric median
Market cap 9.15b 5.39b 22.90b

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