Delek US Holdings, Inc. (DK) vs Delek Logistics Partners, L.P. (DKL)

Delek US Holdings, Inc. and Delek Logistics Partners, L.P. are both Oil & Gas Refining & Marketing companies. Delek US Holdings, Inc. is the larger, with a market value of $4.1B against $3.2B — 1.3× the size. Delek US Holdings, Inc. trades at the lower P/E: 18.4× against 18.8×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 11.4%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 1.86%) and the lower return on invested capital (4.97% vs 12.2%). Both pay a dividend; Delek Logistics Partners, L.P. yields more (9.38% vs 3.26%). Across the 22 metrics below, Delek US Holdings, Inc. leads on 11 and Delek Logistics Partners, L.P. on 11.

Valuation

Metric DK DKL Oil & Gas Refining & Marketing median
P/E 18.43 18.78 15.04
P/S 0.35 2.39 0.41
P/B 9.84 n/m 1.87
Price to free cash flow 6.19 24.28 8.78
EV/EBITDA 6.69 16.10 7.94
EV/Sales 0.56 4.40 0.59
Earnings yield 5.42% 5.33% 6.15%
Free cash flow yield 16.16% 4.12% 10.47%

Profitability

Metric DK DKL Oil & Gas Refining & Marketing median
Gross margin 7.12% 17.58% 12.22%
Operating margin 4.84% 15.32% 5.35%
Net margin 1.86% 12.85% 2.08%
Free cash flow margin 5.58% 9.84% 4.25%
Return on equity 62.57% (826.14%) 11.39%
Return on assets 3.07% 5.48% 5.22%
Return on invested capital 12.22% 4.97% 11.54%

Growth

Metric DK DKL Oil & Gas Refining & Marketing median
Revenue growth (TTM) 11.40% 30.33% 13.37%
EPS growth (last fiscal year) 95.67% 10.37% —
Revenue growth, 5-year CAGR 7.99% 12.46% 12.77%
Net income growth, 5-year CAGR 0.00% 4.66% 0.00%

Health

Metric DK DKL Oil & Gas Refining & Marketing median
Debt to equity 7.55 (34.54) 0.44
Current ratio 0.76 0.96 1.32
Net debt to EBITDA 3.73 7.63 2.07

Dividend

Metric DK DKL Oil & Gas Refining & Marketing median
Dividend yield 3.26% 9.38% 3.64%
Payout ratio 0.05 — 0.14

Size

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

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