Solaris Energy Infrastructure, Inc. (SEI) vs Tenaris S.A. (TS)

Solaris Energy Infrastructure, Inc. and Tenaris S.A. are both Oil & Gas Equipment & Services companies. Tenaris S.A. is the larger, with a market value of $30.7B against $5.2B — 5.9× the size. Tenaris S.A. trades at the lower P/E: 15.9× against 61.5×. Solaris Energy Infrastructure, Inc. grew revenue faster over the last twelve months: 70.5% against 2.31%. Tenaris S.A. has the higher net margin (15.9% vs 6.95%) and the higher return on invested capital (9.46% vs 3.93%). Both pay a dividend; Tenaris S.A. yields more (0.98% vs 0.77%). Across the 21 metrics below, Tenaris S.A. leads on 15 and Solaris Energy Infrastructure, Inc. on 6.

Valuation

Metric SEI TS Oil & Gas Equipment & Services median
P/E 61.51 15.88 22.50
P/S 4.87 2.49 1.17
P/B 3.20 1.74 1.82
Price to free cash flow n/m 17.65 13.72
EV/EBITDA 18.41 9.63 8.68
EV/Sales 7.21 2.28 1.34
Earnings yield 1.63% 6.30% 3.94%
Free cash flow yield (19.50%) 5.66% 5.66%

Profitability

Metric SEI TS Oil & Gas Equipment & Services median
Gross margin 49.92% 33.90% 23.26%
Operating margin 24.25% 18.51% 9.34%
Net margin 6.95% 15.88% 4.69%
Free cash flow margin (95.04%) 14.11% 5.35%
Return on equity 5.46% 11.24% 4.92%
Return on assets 1.86% 9.39% 2.37%
Return on invested capital 3.93% 9.46% 4.32%

Growth

Metric SEI TS Oil & Gas Equipment & Services median
Revenue growth (TTM) 70.52% 2.31% 6.08%
EPS growth (last fiscal year) 32.00% 1.39% (13.00%)
Revenue growth, 5-year CAGR 43.30% 18.41% 14.44%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SEI TS Oil & Gas Equipment & Services median
Debt to equity 2.24 0.02 0.46
Current ratio 4.12 4.07 2.07
Net debt to EBITDA 3.59 (0.89) 0.75

Dividend

Metric SEI TS Oil & Gas Equipment & Services median
Dividend yield 0.77% 0.98% 1.51%
Payout ratio 0.56 0.16 0.38

Size

Metric SEI TS Oil & Gas Equipment & Services median
Market cap 5.22b 30.69b 1.63b

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