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 $5.2B against $3.2B — 1.6× the size. Delek Logistics Partners, L.P. trades at the lower P/E: 18.8× against 75.6×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 17.9%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 0.81%) and the lower return on invested capital (4.97% vs 12.3%). Both pay a dividend; CVR Energy Inc. yields more (10.5% vs 9.38%). Across the 22 metrics below, CVR Energy Inc. leads on 12 and Delek Logistics Partners, L.P. on 10.

Valuation

Metric CVI DKL Oil & Gas Refining & Marketing median
P/E 75.65 18.78 15.04
P/S 0.61 2.39 0.41
P/B 6.95 n/m 1.87
Price to free cash flow 14.32 24.28 8.78
EV/EBITDA 8.00 16.10 7.94
EV/Sales 0.73 4.40 0.59
Earnings yield 1.32% 5.33% 6.15%
Free cash flow yield 6.98% 4.12% 10.47%

Profitability

Metric CVI DKL Oil & Gas Refining & Marketing median
Gross margin 6.10% 17.58% 12.22%
Operating margin 4.12% 15.32% 5.35%
Net margin 0.81% 12.85% 2.08%
Free cash flow margin 4.26% 9.84% 4.25%
Return on equity 9.79% (826.14%) 11.39%
Return on assets 1.71% 5.48% 5.22%
Return on invested capital 12.27% 4.97% 11.54%

Growth

Metric CVI DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 17.89% 30.33% 13.37%
EPS growth (last fiscal year) 350.00% 10.37% —
Revenue growth, 5-year CAGR 12.75% 12.46% 12.77%
Net income growth, 5-year CAGR 0.00% 4.66% 0.00%

Health

Metric CVI DKL Oil & Gas Refining & Marketing median
Debt to equity 2.38 (34.54) 0.44
Current ratio 1.42 0.96 1.32
Net debt to EBITDA 2.08 7.63 2.07

Dividend

Metric CVI DKL Oil & Gas Refining & Marketing median
Dividend yield 10.47% 9.38% 3.64%
Payout ratio 0.34 — 0.14

Size

Metric CVI DKL Oil & Gas Refining & Marketing median
Market cap 5.16b 3.15b 4.12b

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