Ormat Technologies, Inc. (ORA) vs XPLR Infrastructure, LP (XIFR)

Ormat Technologies, Inc. and XPLR Infrastructure, LP are both Utilities Renewable companies. Ormat Technologies, Inc. is the larger, with a market value of $5.7B against $2.0B — 2.8× the size. XPLR Infrastructure, LP trades at the lower P/E: 16.2× against 45.0×. Ormat Technologies, Inc. grew revenue faster over the last twelve months: 31.1% against −2.83%. Ormat Technologies, Inc. has the higher net margin (10.7% vs 5.16%) and the higher return on invested capital (2.36% vs 0.00%). Both pay a dividend; XPLR Infrastructure, LP yields more (12.8% vs 0.76%). Across the 22 metrics below, Ormat Technologies, Inc. leads on 12 and XPLR Infrastructure, LP on 10.

Valuation

Metric ORA XIFR Utilities Renewable median
P/E 45.01 16.23 18.99
P/S 4.84 0.83 2.58
P/B 2.11 0.09 1.38
Price to free cash flow n/m n/m 5.71
EV/EBITDA 16.32 9.99 16.32
EV/Sales 6.94 5.43 5.43
Earnings yield 2.22% 6.16% (12.46%)
Free cash flow yield (4.65%) (41.11%) (21.58%)

Profitability

Metric ORA XIFR Utilities Renewable median
Gross margin 27.93% 100.00% 41.45%
Operating margin 16.61% 0.00% 0.00%
Net margin 10.66% 5.16% (0.87%)
Free cash flow margin (22.28%) (34.03%) (9.23%)
Return on equity 4.73% 0.57% 0.00%
Return on assets 1.98% 0.31% (2.61%)
Return on invested capital 2.36% 0.00% 0.00%

Growth

Metric ORA XIFR Utilities Renewable median
Revenue growth (TTM) 31.13% (2.83%) 10.25%
EPS growth (last fiscal year) (0.98%) (172.73%) —
Revenue growth, 5-year CAGR 7.01% 5.31% 6.29%
Net income growth, 5-year CAGR 7.71% 0.00% 0.00%

Health

Metric ORA XIFR Utilities Renewable median
Debt to equity 1.15 0.57 0.59
Current ratio 1.05 1.27 1.16
Net debt to EBITDA 4.86 11.37 2.66

Dividend

Metric ORA XIFR Utilities Renewable median
Dividend yield 0.76% 12.82% 5.61%
Payout ratio 0.31 1.92 0.00

Size

Metric ORA XIFR Utilities Renewable median
Market cap 5.69b 2.02b 239.67m

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