CrossAmerica Partners LP (CAPL) vs Delek Logistics Partners, L.P. (DKL)

CrossAmerica Partners LP and Delek Logistics Partners, L.P. are both Oil & Gas Refining & Marketing companies. Delek Logistics Partners, L.P. is the larger, with a market value of $3.2B against $816.9M — 4.0× the size. CrossAmerica Partners LP trades at the lower P/E: 15.7× against 20.0×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 0.29%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 1.36%) and the lower return on invested capital (4.97% vs 11.5%). Both pay a dividend; CrossAmerica Partners LP yields more (9.69% vs 7.86%). Across the 22 metrics below, CrossAmerica Partners LP leads on 13 and Delek Logistics Partners, L.P. on 9.

Valuation

Metric CAPL DKL Oil & Gas Refining & Marketing median
P/E 15.71 19.99 16.35
P/S 0.21 2.54 0.44
P/B n/m n/m 2.05
Price to free cash flow 6.00 25.84 9.98
EV/EBITDA 8.19 16.66 8.04
EV/Sales 0.40 4.55 0.59
Earnings yield 6.37% 5.00% 5.71%
Free cash flow yield 16.66% 3.87% 9.13%

Profitability

Metric CAPL DKL Oil & Gas Refining & Marketing median
Gross margin 10.94% 17.58% 12.22%
Operating margin 2.93% 15.32% 5.35%
Net margin 1.36% 12.85% 2.08%
Free cash flow margin 3.57% 9.84% 4.25%
Return on equity (54.75%) (826.14%) 11.39%
Return on assets 5.22% 5.48% 5.22%
Return on invested capital 11.54% 4.97% 11.54%

Growth

Metric CAPL DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 0.29% 30.33% 13.37%
EPS growth (last fiscal year) 96.15% 10.37% 31.15%
Revenue growth, 5-year CAGR 13.64% 12.46% 12.77%
Net income growth, 5-year CAGR (18.28%) 4.66% 0.00%

Health

Metric CAPL DKL Oil & Gas Refining & Marketing median
Debt to equity (6.77) (34.54) 0.44
Current ratio 0.76 0.96 1.32
Net debt to EBITDA 3.63 7.63 2.07

Dividend

Metric CAPL DKL Oil & Gas Refining & Marketing median
Dividend yield 9.69% 7.86% 1.71%
Payout ratio 1.53 1.57 0.35

Size

Metric CAPL DKL Oil & Gas Refining & Marketing median
Market cap 816.91m 3.23b 4.71b

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