CVR Energy Inc. (CVI) vs Sunoco LP (SUN)

CVR Energy Inc. and Sunoco LP are both Oil & Gas Refining & Marketing companies. Sunoco LP is the larger, with a market value of $15.5B against $5.2B — 3.0× the size. Sunoco LP trades at the lower P/E: 16.5× against 75.6×. Sunoco LP grew revenue faster over the last twelve months: 83.3% against 17.9%. Sunoco LP has the higher net margin (1.57% vs 0.81%) and the lower return on invested capital (5.64% vs 12.3%). Both pay a dividend; CVR Energy Inc. yields more (10.5% vs 5.56%). Across the 23 metrics below, Sunoco LP leads on 17 and CVR Energy Inc. on 6.

Valuation

Metric CVI SUN Oil & Gas Refining & Marketing median
P/E 75.65 16.50 15.04
P/S 0.61 0.26 0.41
P/B 6.95 1.50 1.87
Price to free cash flow 14.32 6.08 8.78
EV/EBITDA 8.00 7.94 7.94
EV/Sales 0.73 0.58 0.59
Earnings yield 1.32% 6.06% 6.15%
Free cash flow yield 6.98% 16.43% 10.47%

Profitability

Metric CVI SUN Oil & Gas Refining & Marketing median
Gross margin 6.10% 11.93% 12.22%
Operating margin 4.12% 4.76% 5.35%
Net margin 0.81% 1.57% 2.08%
Free cash flow margin 4.26% 4.25% 4.25%
Return on equity 9.79% 11.39% 11.39%
Return on assets 1.71% 2.81% 5.22%
Return on invested capital 12.27% 5.64% 11.54%

Growth

Metric CVI SUN Oil & Gas Refining & Marketing median
Revenue growth (TTM) 17.89% 83.34% 13.37%
EPS growth (last fiscal year) 350.00% (62.00%) —
Revenue growth, 5-year CAGR 12.75% 18.67% 12.77%
Net income growth, 5-year CAGR 0.00% 18.32% 0.00%

Health

Metric CVI SUN Oil & Gas Refining & Marketing median
Debt to equity 2.38 1.59 0.44
Current ratio 1.42 1.29 1.32
Net debt to EBITDA 2.08 7.57 2.07

Dividend

Metric CVI SUN Oil & Gas Refining & Marketing median
Dividend yield 10.47% 5.56% 3.64%
Payout ratio 0.34 — 0.14

Size

Metric CVI SUN Oil & Gas Refining & Marketing median
Market cap 5.16b 15.53b 4.12b

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