CVR Energy Inc. (CVI) vs World Kinect Corporation (WKC)

CVR Energy Inc. and World Kinect Corporation are both Oil & Gas Refining & Marketing companies. CVR Energy Inc. is the larger, with a market value of $5.9B against $1.9B — 3.1× the size. World Kinect Corporation has negative trailing earnings, so its P/E is not meaningful; CVR Energy Inc. trades at 82.4×. World Kinect Corporation grew revenue faster over the last twelve months: 21.1% against 17.9%. CVR Energy Inc. has the higher net margin (0.81% vs −0.37%) and the higher return on invested capital (12.3% vs −1.54%). Both pay a dividend; World Kinect Corporation yields more (2.31% vs 1.02%). Across the 21 metrics below, CVR Energy Inc. leads on 14 and World Kinect Corporation on 7.

Valuation

Metric CVI WKC Oil & Gas Refining & Marketing median
P/E 82.37 n/m 11.95
P/S 0.66 0.04 0.36
P/B 7.57 1.48 1.67
Price to free cash flow 15.59 23.26 8.06
EV/EBITDA 8.59 8.75 6.84
EV/Sales 0.79 0.05 0.55
Earnings yield 1.21% (7.85%) 6.59%
Free cash flow yield 6.41% 4.30% 11.61%

Profitability

Metric CVI WKC Oil & Gas Refining & Marketing median
Gross margin 6.10% 2.54% 14.49%
Operating margin 4.12% (0.10%) 7.14%
Net margin 0.81% (0.37%) 2.29%
Free cash flow margin 4.26% 0.18% 4.55%
Return on equity 9.79% (11.46%) 14.90%
Return on assets 1.71% (2.55%) 5.52%
Return on invested capital 12.27% (1.54%) 13.76%

Growth

Metric CVI WKC Oil & Gas Refining & Marketing median
Revenue growth (TTM) 17.89% 21.06% 19.06%
EPS growth (last fiscal year) 350.00% (1,072.57%) 37.92%
Revenue growth, 5-year CAGR 12.75% 12.64% 13.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVI WKC Oil & Gas Refining & Marketing median
Debt to equity 2.38 0.54 0.48
Current ratio 1.42 1.04 1.32
Net debt to EBITDA 2.08 1.81 2.07

Dividend

Metric CVI WKC Oil & Gas Refining & Marketing median
Dividend yield 1.02% 2.31% 2.31%
Payout ratio 0.84 — 0.35

Size

Metric CVI WKC Oil & Gas Refining & Marketing median
Market cap 5.87b 1.91b 4.16b

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