Cosan S.A. Sponsored ADR (CSANY) vs Star Group, L.P. (SGU)

Cosan S.A. Sponsored ADR and Star Group, L.P. are both Oil & Gas Refining & Marketing companies. Cosan S.A. Sponsored ADR is the larger, with a market value of $2.7B against $415.1M — 6.5× the size. Cosan S.A. Sponsored ADR has negative trailing earnings, so its P/E is not meaningful; Star Group, L.P. trades at 6.9×. Star Group, L.P. grew revenue faster over the last twelve months: 7.58% against −6.49%. Star Group, L.P. has the higher net margin (3.96% vs −23.8%) and the higher return on invested capital (16.0% vs 8.58%). Both pay a dividend; Star Group, L.P. yields more (5.66% vs 4.02%). Across the 22 metrics below, Star Group, L.P. leads on 14 and Cosan S.A. Sponsored ADR on 8.

Valuation

Metric CSANY SGU Oil & Gas Refining & Marketing median
P/E n/m 6.86 15.04
P/S 0.38 0.22 0.41
P/B 0.50 1.08 1.87
Price to free cash flow 2.95 6.75 8.78
EV/EBITDA 4.25 3.29 7.94
EV/Sales 1.53 0.30 0.59
Earnings yield (85.37%) 14.58% 6.15%
Free cash flow yield 33.94% 14.83% 10.47%

Profitability

Metric CSANY SGU Oil & Gas Refining & Marketing median
Gross margin 33.59% 31.79% 12.22%
Operating margin 26.27% 7.14% 5.35%
Net margin (23.78%) 3.96% 2.08%
Free cash flow margin 13.06% 3.27% 4.25%
Return on equity (30.16%) 20.83% 11.39%
Return on assets (7.57%) 7.67% 5.22%
Return on invested capital 8.58% 15.95% 11.54%

Growth

Metric CSANY SGU Oil & Gas Refining & Marketing median
Revenue growth (TTM) (6.49%) 7.58% 13.37%
EPS growth (last fiscal year) 24.95% 102.22% —
Revenue growth, 5-year CAGR 12.79% 3.99% 12.77%
Net income growth, 5-year CAGR 0.00% 5.09% 0.00%

Health

Metric CSANY SGU Oil & Gas Refining & Marketing median
Debt to equity 2.25 0.44 0.44
Current ratio 1.87 0.87 1.32
Net debt to EBITDA 2.88 1.08 2.07

Dividend

Metric CSANY SGU Oil & Gas Refining & Marketing median
Dividend yield 4.02% 5.66% 3.64%
Payout ratio 0.90 — 0.14

Size

Metric CSANY SGU Oil & Gas Refining & Marketing median
Market cap 2.71b 415.06m 4.12b

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