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 $12.6B against $4.0B — 3.2× the size. Sunoco LP trades at the lower P/E: 10.3× against 15.6×. Sunoco LP grew revenue faster over the last twelve months: 135.8% against 34.4%. CVR Energy Inc. has the higher net margin (2.70% vs 0.00%) and the higher return on invested capital (20.1% vs 7.09%). Both pay a dividend; Sunoco LP yields more (4.74% vs 1.43%). Across the 23 metrics below, Sunoco LP leads on 12 and CVR Energy Inc. on 11.

Valuation

Metric CVI SUN Oil & Gas Refining & Marketing median
P/E 15.61 10.34 8.38
P/S 0.41 0.16 0.33
P/B 3.20 1.24 1.70
Price to free cash flow 4.85 4.27 5.86
EV/EBITDA 4.79 6.01 4.96
EV/Sales 0.46 0.40 0.46
Earnings yield 6.41% 9.67% 9.67%
Free cash flow yield 20.63% 23.40% 15.55%

Profitability

Metric CVI SUN Oil & Gas Refining & Marketing median
Gross margin 7.54% 10.93% 10.93%
Operating margin 5.72% 4.60% 7.14%
Net margin 2.70% 0.00% 2.70%
Free cash flow margin 8.45% 5.12% 6.17%
Return on equity 23.06% 11.39% 21.95%
Return on assets 6.04% 0.00% 5.76%
Return on invested capital 20.06% 7.09% 13.74%

Growth

Metric CVI SUN Oil & Gas Refining & Marketing median
Revenue growth (TTM) 34.42% 135.84% 26.02%
EPS growth (last fiscal year) 350.00% (62.00%) 37.92%
Revenue growth, 5-year CAGR 12.75% 18.67% 13.17%
Net income growth, 5-year CAGR 0.00% 18.32% 0.00%

Health

Metric CVI SUN Oil & Gas Refining & Marketing median
Debt to equity 1.41 1.55 0.41
Current ratio 1.73 1.28 1.31
Net debt to EBITDA 2.08 7.57 2.07

Dividend

Metric CVI SUN Oil & Gas Refining & Marketing median
Dividend yield 1.43% 4.74% 2.20%
Payout ratio 0.22 0.49 0.25

Size

Metric CVI SUN Oil & Gas Refining & Marketing median
Market cap 4.01b 12.64b 3.91b

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