Cosan S.A. Sponsored ADR (CSANY) vs Icahn Enterprises L.P. (IEP)

Cosan S.A. Sponsored ADR and Icahn Enterprises L.P. are both Oil & Gas Refining & Marketing companies. Icahn Enterprises L.P. is the larger, with a market value of $4.9B against $2.7B — 1.8× the size. Icahn Enterprises L.P. grew revenue faster over the last twelve months: 10.6% against −6.49%. Icahn Enterprises L.P. has the higher net margin (−4.86% vs −23.8%) and the lower return on invested capital (1.84% vs 8.58%). Both pay a dividend; Icahn Enterprises L.P. yields more (31.1% vs 4.02%). Across the 20 metrics below, Cosan S.A. Sponsored ADR leads on 10 and Icahn Enterprises L.P. on 10.

Valuation

Metric CSANY IEP Oil & Gas Refining & Marketing median
P/E n/m n/m 15.04
P/S 0.38 0.44 0.41
P/B 0.50 2.17 1.87
Price to free cash flow 2.95 n/m 8.78
EV/EBITDA 4.25 8.91 7.94
EV/Sales 1.53 0.60 0.59
Earnings yield (85.37%) (10.63%) 6.15%
Free cash flow yield 33.94% (5.39%) 10.47%

Profitability

Metric CSANY IEP Oil & Gas Refining & Marketing median
Gross margin 33.59% 14.49% 12.22%
Operating margin 26.27% 1.07% 5.35%
Net margin (23.78%) (4.86%) 2.08%
Free cash flow margin 13.06% (2.37%) 4.25%
Return on equity (30.16%) (18.50%) 11.39%
Return on assets (7.57%) (3.71%) 5.22%
Return on invested capital 8.58% 1.84% 11.54%

Growth

Metric CSANY IEP Oil & Gas Refining & Marketing median
Revenue growth (TTM) (6.49%) 10.62% 13.37%
EPS growth (last fiscal year) 24.95% 44.68% —
Revenue growth, 5-year CAGR 12.79% 9.54% 12.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CSANY IEP Oil & Gas Refining & Marketing median
Debt to equity 2.25 2.98 0.44
Current ratio 1.87 2.87 1.32
Net debt to EBITDA 2.88 1.12 2.07

Dividend

Metric CSANY IEP Oil & Gas Refining & Marketing median
Dividend yield 4.02% 31.12% 3.64%
Payout ratio 0.90 — 0.14

Size

Metric CSANY IEP Oil & Gas Refining & Marketing median
Market cap 2.71b 4.93b 4.12b

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