Clean Energy Fuels Corp. (CLNE) vs Delek Logistics Partners, L.P. (DKL)

Clean Energy Fuels Corp. 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 $3.0B against $332.9M — 8.9× the size. Clean Energy Fuels Corp. has negative trailing earnings, so its P/E is not meaningful; Delek Logistics Partners, L.P. trades at 17.7×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 6.30%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs −17.0%) and the higher return on invested capital (4.97% vs −1.73%). Across the 20 metrics below, Delek Logistics Partners, L.P. leads on 13 and Clean Energy Fuels Corp. on 7.

Valuation

Metric CLNE DKL Oil & Gas Refining & Marketing median
P/E n/m 17.68 8.38
P/S 0.74 2.25 0.33
P/B 0.58 n/m 1.70
Price to free cash flow 10.46 22.86 5.86
EV/EBITDA 22.95 15.59 4.96
EV/Sales 0.91 4.26 0.46
Earnings yield (24.00%) 5.66% 9.67%
Free cash flow yield 9.56% 4.37% 15.55%

Profitability

Metric CLNE DKL Oil & Gas Refining & Marketing median
Gross margin 0.00% 17.58% 10.93%
Operating margin (3.96%) 15.32% 7.14%
Net margin (16.95%) 12.85% 2.70%
Free cash flow margin 15.55% 9.84% 6.17%
Return on equity (13.14%) (826.14%) 21.95%
Return on assets (7.00%) 5.48% 5.76%
Return on invested capital (1.73%) 4.97% 13.74%

Growth

Metric CLNE DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 6.30% 30.33% 26.02%
EPS growth (last fiscal year) (172.97%) 10.37% 37.92%
Revenue growth, 5-year CAGR 7.81% 12.46% 13.17%
Net income growth, 5-year CAGR 0.00% 4.66% 0.00%

Health

Metric CLNE DKL Oil & Gas Refining & Marketing median
Debt to equity 0.39 (34.54) 0.41
Current ratio 2.21 0.96 1.31
Net debt to EBITDA 16.90 7.63 2.07

Dividend

Metric CLNE DKL Oil & Gas Refining & Marketing median
Dividend yield — 11.13% 2.20%
Payout ratio — 1.97 0.25

Size

Metric CLNE DKL Oil & Gas Refining & Marketing median
Market cap 332.87m 2.96b 3.91b

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