CVR Energy Inc. (CVI) vs Delek Logistics Partners, L.P. (DKL)

CVR Energy Inc. and Delek Logistics Partners, L.P. are both Oil & Gas Refining & Marketing companies. CVR Energy Inc. is the larger, with a market value of $4.0B against $3.0B — 1.4× the size. CVR Energy Inc. trades at the lower P/E: 14.8× against 17.9×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 35.5% against 34.4%. Delek Logistics Partners, L.P. has the higher net margin (11.9% vs 2.70%) and the higher return on invested capital (132.3% vs 20.1%). Both pay a dividend; Delek Logistics Partners, L.P. yields more (11.0% vs 1.51%). Across the 23 metrics below, CVR Energy Inc. leads on 13 and Delek Logistics Partners, L.P. on 10.

Valuation

Metric CVI DKL Oil & Gas Refining & Marketing median
P/E 14.77 17.91 7.77
P/S 0.39 2.18 0.31
P/B 3.03 20.48 1.82
Price to free cash flow 4.59 11.43 5.68
EV/EBITDA 4.57 15.97 4.82
EV/Sales 0.44 3.99 0.44
Earnings yield 6.77% 5.58% 11.67%
Free cash flow yield 21.80% 8.75% 15.57%

Profitability

Metric CVI DKL Oil & Gas Refining & Marketing median
Gross margin 7.54% 16.57% 15.04%
Operating margin 5.72% 14.64% 9.16%
Net margin 2.70% 11.90% 3.96%
Free cash flow margin 8.45% 34.87% 7.06%
Return on equity 23.06% 198.55% 24.84%
Return on assets 6.04% 5.50% 6.65%
Return on invested capital 20.06% 132.32% 20.02%

Growth

Metric CVI DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 34.42% 35.46% 27.30%
EPS growth (last fiscal year) 350.00% 10.37% 37.92%
Revenue growth, 5-year CAGR 12.75% 12.46% 13.17%
Net income growth, 5-year CAGR 0.00% 4.66% 0.00%

Health

Metric CVI DKL Oil & Gas Refining & Marketing median
Debt to equity 1.41 0.00 0.48
Current ratio 1.73 0.85 1.33
Net debt to EBITDA 2.08 7.63 2.07

Dividend

Metric CVI DKL Oil & Gas Refining & Marketing median
Dividend yield 1.51% 10.99% 2.25%
Payout ratio 0.22 1.97 0.19

Size

Metric CVI DKL Oil & Gas Refining & Marketing median
Market cap 4.01b 2.96b 3.74b

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