OPAL Fuels Inc. (OPAL) vs Spire Inc. (SR)

OPAL Fuels Inc. and Spire Inc. are both Utilities Regulated Gas companies. Spire Inc. is the larger, with a market value of $4.5B against $321.4M — 14.1× the size. OPAL Fuels Inc. has negative trailing earnings, so its P/E is not meaningful; Spire Inc. trades at 8.6×. Spire Inc. grew revenue faster over the last twelve months: 17.0% against 3.02%. Spire Inc. has the higher net margin (19.8% vs −0.13%) and the higher return on invested capital (3.76% vs 0.39%). Across the 18 metrics below, Spire Inc. leads on 14 and OPAL Fuels Inc. on 4.

Valuation

Metric OPAL SR Utilities Regulated Gas median
P/E n/m 8.59 15.65
P/S 0.16 1.70 2.04
P/B 1.45 1.27 1.50
Price to free cash flow n/m n/m —
EV/EBITDA 14.56 11.49 11.49
EV/Sales 1.16 3.93 3.54
Earnings yield (0.54%) 11.64% 6.39%
Free cash flow yield (87.42%) (4.88%) (5.71%)

Profitability

Metric OPAL SR Utilities Regulated Gas median
Gross margin 29.42% 65.44% 63.14%
Operating margin 0.69% 21.47% 21.47%
Net margin (0.13%) 19.81% 13.00%
Free cash flow margin (14.10%) (8.30%) (13.27%)
Return on equity (5.45%) 15.57% 9.47%
Return on assets (0.04%) 4.17% 3.80%
Return on invested capital 0.39% 3.76% 4.29%

Growth

Metric OPAL SR Utilities Regulated Gas median
Revenue growth (TTM) 3.02% 16.97% 6.36%
EPS growth (last fiscal year) 650.00% 4.30% —
Revenue growth, 5-year CAGR — 5.94% 6.36%
Net income growth, 5-year CAGR — 28.34% 8.10%

Health

Metric OPAL SR Utilities Regulated Gas median
Debt to equity 11.39 1.67 1.22
Current ratio 1.82 0.37 0.78
Net debt to EBITDA 10.02 4.68 4.68

Dividend

Metric OPAL SR Utilities Regulated Gas median
Dividend yield — 5.17% 4.31%
Payout ratio 0.00 0.66 0.62

Size

Metric OPAL SR Utilities Regulated Gas median
Market cap 321.43m 4.54b 4.52b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack