Cosan S.A. Sponsored ADR (CSANY) vs CVR Energy Inc. (CVI)

Cosan S.A. Sponsored ADR and CVR Energy Inc. are both Oil & Gas Refining & Marketing companies. CVR Energy Inc. is the larger, with a market value of $5.2B against $2.7B — 1.9× the size. Cosan S.A. Sponsored ADR has negative trailing earnings, so its P/E is not meaningful; CVR Energy Inc. trades at 75.6×. CVR Energy Inc. grew revenue faster over the last twelve months: 17.9% against −6.49%. CVR Energy Inc. has the higher net margin (0.81% vs −23.8%) and the higher return on invested capital (12.3% vs 8.58%). Both pay a dividend; CVR Energy Inc. yields more (10.5% vs 4.02%). Across the 21 metrics below, Cosan S.A. Sponsored ADR leads on 11 and CVR Energy Inc. on 10.

Valuation

Metric CSANY CVI Oil & Gas Refining & Marketing median
P/E n/m 75.65 15.04
P/S 0.38 0.61 0.41
P/B 0.50 6.95 1.87
Price to free cash flow 2.95 14.32 8.78
EV/EBITDA 4.25 8.00 7.94
EV/Sales 1.53 0.73 0.59
Earnings yield (85.37%) 1.32% 6.15%
Free cash flow yield 33.94% 6.98% 10.47%

Profitability

Metric CSANY CVI Oil & Gas Refining & Marketing median
Gross margin 33.59% 6.10% 12.22%
Operating margin 26.27% 4.12% 5.35%
Net margin (23.78%) 0.81% 2.08%
Free cash flow margin 13.06% 4.26% 4.25%
Return on equity (30.16%) 9.79% 11.39%
Return on assets (7.57%) 1.71% 5.22%
Return on invested capital 8.58% 12.27% 11.54%

Growth

Metric CSANY CVI Oil & Gas Refining & Marketing median
Revenue growth (TTM) (6.49%) 17.89% 13.37%
EPS growth (last fiscal year) 24.95% 350.00% —
Revenue growth, 5-year CAGR 12.79% 12.75% 12.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CSANY CVI Oil & Gas Refining & Marketing median
Debt to equity 2.25 2.38 0.44
Current ratio 1.87 1.42 1.32
Net debt to EBITDA 2.88 2.08 2.07

Dividend

Metric CSANY CVI Oil & Gas Refining & Marketing median
Dividend yield 4.02% 10.47% 3.64%
Payout ratio 0.90 0.34 0.14

Size

Metric CSANY CVI Oil & Gas Refining & Marketing median
Market cap 2.71b 5.16b 4.12b

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