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 $6.0B against $1.9B — 3.2× the size. World Kinect Corporation has negative trailing earnings, so its P/E is not meaningful; CVR Energy Inc. trades at 85.3×. CVR Energy Inc. grew revenue faster over the last twelve months: 17.9% against 7.61%. CVR Energy Inc. has the higher net margin (0.81% vs −0.43%) and the higher return on invested capital (12.3% vs −2.02%). Both pay a dividend; World Kinect Corporation yields more (2.36% vs 0.98%). Across the 21 metrics below, CVR Energy Inc. leads on 15 and World Kinect Corporation on 6.

Valuation

Metric CVI WKC Oil & Gas Refining & Marketing median
P/E 85.32 n/m 15.70
P/S 0.69 0.04 0.44
P/B 7.84 1.48 2.02
Price to free cash flow 16.15 95.97 9.62
EV/EBITDA 8.85 9.12 8.04
EV/Sales 0.81 0.06 0.58
Earnings yield 1.17% (8.77%) 5.81%
Free cash flow yield 6.19% 1.04% 9.15%

Profitability

Metric CVI WKC Oil & Gas Refining & Marketing median
Gross margin 6.10% 2.69% 12.22%
Operating margin 4.12% (0.15%) 5.35%
Net margin 0.81% (0.43%) 2.08%
Free cash flow margin 4.26% 0.05% 4.25%
Return on equity 9.79% (12.49%) 11.39%
Return on assets 1.71% (2.83%) 5.22%
Return on invested capital 12.27% (2.02%) 11.54%

Growth

Metric CVI WKC Oil & Gas Refining & Marketing median
Revenue growth (TTM) 17.89% 7.61% 13.37%
EPS growth (last fiscal year) 350.00% (1,072.57%) 31.15%
Revenue growth, 5-year CAGR 12.75% 12.64% 12.77%
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 0.59 0.44
Current ratio 1.42 1.06 1.32
Net debt to EBITDA 2.08 1.81 2.07

Dividend

Metric CVI WKC Oil & Gas Refining & Marketing median
Dividend yield 0.98% 2.36% 1.80%
Payout ratio 0.84 — 0.35

Size

Metric CVI WKC Oil & Gas Refining & Marketing median
Market cap 5.99b 1.90b 4.69b

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