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 $4.7B against $3.2B — 1.5× the size. Delek Logistics Partners, L.P. trades at the lower P/E: 20.0× against 20.8×. 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 (7.86% vs 1.33%). Across the 22 metrics below, Delek Logistics Partners, L.P. leads on 13 and Delek US Holdings, Inc. on 9.

Valuation

Metric DK DKL Oil & Gas Refining & Marketing median
P/E 20.81 19.99 16.35
P/S 0.39 2.54 0.44
P/B 11.11 n/m 2.05
Price to free cash flow 6.99 25.84 9.98
EV/EBITDA 7.22 16.66 8.04
EV/Sales 0.60 4.55 0.59
Earnings yield 4.80% 5.00% 5.71%
Free cash flow yield 14.32% 3.87% 9.13%

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% 31.15%
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 1.33% 7.86% 1.71%
Payout ratio 0.29 1.57 0.35

Size

Metric DK DKL Oil & Gas Refining & Marketing median
Market cap 4.71b 3.23b 4.71b

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