CrossAmerica Partners LP (CAPL) vs Delek US Holdings, Inc. (DK)

CrossAmerica Partners LP and Delek US Holdings, Inc. are both Oil & Gas Refining & Marketing companies. Delek US Holdings, Inc. is the larger, with a market value of $4.1B against $824.9M — 5.0× the size. CrossAmerica Partners LP trades at the lower P/E: 15.6× against 18.4×. Delek US Holdings, Inc. grew revenue faster over the last twelve months: 11.4% against 0.29%. Delek US Holdings, Inc. has the higher net margin (1.86% vs 1.36%) and the higher return on invested capital (12.2% vs 11.5%). Both pay a dividend; CrossAmerica Partners LP yields more (9.36% vs 3.26%). Across the 22 metrics below, CrossAmerica Partners LP leads on 13 and Delek US Holdings, Inc. on 9.

Valuation

Metric CAPL DK Oil & Gas Refining & Marketing median
P/E 15.57 18.43 15.04
P/S 0.21 0.35 0.41
P/B n/m 9.84 1.87
Price to free cash flow 5.95 6.19 8.78
EV/EBITDA 8.15 6.69 7.94
EV/Sales 0.40 0.56 0.59
Earnings yield 6.42% 5.42% 6.15%
Free cash flow yield 16.81% 16.16% 10.47%

Profitability

Metric CAPL DK Oil & Gas Refining & Marketing median
Gross margin 10.94% 7.12% 12.22%
Operating margin 2.93% 4.84% 5.35%
Net margin 1.36% 1.86% 2.08%
Free cash flow margin 3.57% 5.58% 4.25%
Return on equity (54.75%) 62.57% 11.39%
Return on assets 5.22% 3.07% 5.22%
Return on invested capital 11.54% 12.22% 11.54%

Growth

Metric CAPL DK Oil & Gas Refining & Marketing median
Revenue growth (TTM) 0.29% 11.40% 13.37%
EPS growth (last fiscal year) 96.15% 95.67% —
Revenue growth, 5-year CAGR 13.64% 7.99% 12.77%
Net income growth, 5-year CAGR (18.28%) 0.00% 0.00%

Health

Metric CAPL DK Oil & Gas Refining & Marketing median
Debt to equity (6.77) 7.55 0.44
Current ratio 0.76 0.76 1.32
Net debt to EBITDA 3.63 3.73 2.07

Dividend

Metric CAPL DK Oil & Gas Refining & Marketing median
Dividend yield 9.36% 3.26% 3.64%
Payout ratio — 0.05 0.14

Size

Metric CAPL DK Oil & Gas Refining & Marketing median
Market cap 824.92m 4.12b 4.12b

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