CrossAmerica Partners LP (CAPL) vs Star Group, L.P. (SGU)

CrossAmerica Partners LP and Star Group, L.P. are both Oil & Gas Refining & Marketing companies. CrossAmerica Partners LP is the larger, with a market value of $824.9M against $415.1M — 2.0× the size. Star Group, L.P. trades at the lower P/E: 6.9× against 15.6×. Star Group, L.P. grew revenue faster over the last twelve months: 7.58% against 0.29%. Star Group, L.P. has the higher net margin (3.96% vs 1.36%) and the higher return on invested capital (16.0% vs 11.5%). Both pay a dividend; CrossAmerica Partners LP yields more (9.36% vs 5.66%). Across the 22 metrics below, Star Group, L.P. leads on 15 and CrossAmerica Partners LP on 7.

Valuation

Metric CAPL SGU Oil & Gas Refining & Marketing median
P/E 15.57 6.86 15.04
P/S 0.21 0.22 0.41
P/B n/m 1.08 1.87
Price to free cash flow 5.95 6.75 8.78
EV/EBITDA 8.15 3.29 7.94
EV/Sales 0.40 0.30 0.59
Earnings yield 6.42% 14.58% 6.15%
Free cash flow yield 16.81% 14.83% 10.47%

Profitability

Metric CAPL SGU Oil & Gas Refining & Marketing median
Gross margin 10.94% 31.79% 12.22%
Operating margin 2.93% 7.14% 5.35%
Net margin 1.36% 3.96% 2.08%
Free cash flow margin 3.57% 3.27% 4.25%
Return on equity (54.75%) 20.83% 11.39%
Return on assets 5.22% 7.67% 5.22%
Return on invested capital 11.54% 15.95% 11.54%

Growth

Metric CAPL SGU Oil & Gas Refining & Marketing median
Revenue growth (TTM) 0.29% 7.58% 13.37%
EPS growth (last fiscal year) 96.15% 102.22% —
Revenue growth, 5-year CAGR 13.64% 3.99% 12.77%
Net income growth, 5-year CAGR (18.28%) 5.09% 0.00%

Health

Metric CAPL SGU Oil & Gas Refining & Marketing median
Debt to equity (6.77) 0.44 0.44
Current ratio 0.76 0.87 1.32
Net debt to EBITDA 3.63 1.08 2.07

Dividend

Metric CAPL SGU Oil & Gas Refining & Marketing median
Dividend yield 9.36% 5.66% 3.64%
Payout ratio — — 0.14

Size

Metric CAPL SGU Oil & Gas Refining & Marketing median
Market cap 824.92m 415.06m 4.12b

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