Delek US Holdings, Inc. (DK) vs Ultrapar Participacoes S.A. (UGP)

Delek US Holdings, Inc. and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. Ultrapar Participacoes S.A. is the larger, with a market value of $8.0B against $4.1B — 1.9× the size. Ultrapar Participacoes S.A. trades at the lower P/E: 11.3× against 18.4×. Ultrapar Participacoes S.A. grew revenue faster over the last twelve months: 20.2% against 11.4%. Ultrapar Participacoes S.A. has the higher net margin (2.29% vs 1.86%) and the higher return on invested capital (15.3% vs 12.2%). Both pay a dividend; Delek US Holdings, Inc. yields more (3.26% vs 2.28%). Across the 23 metrics below, Ultrapar Participacoes S.A. leads on 19 and Delek US Holdings, Inc. on 4.

Valuation

Metric DK UGP Oil & Gas Refining & Marketing median
P/E 18.43 11.25 15.04
P/S 0.35 0.26 0.41
P/B 9.84 1.91 1.87
Price to free cash flow 6.19 5.17 8.78
EV/EBITDA 6.69 5.08 7.94
EV/Sales 0.56 0.33 0.59
Earnings yield 5.42% 8.89% 6.15%
Free cash flow yield 16.16% 19.34% 10.47%

Profitability

Metric DK UGP Oil & Gas Refining & Marketing median
Gross margin 7.12% 8.44% 12.22%
Operating margin 4.84% 4.95% 5.35%
Net margin 1.86% 2.29% 2.08%
Free cash flow margin 5.58% 5.52% 4.25%
Return on equity 62.57% 18.40% 11.39%
Return on assets 3.07% 7.25% 5.22%
Return on invested capital 12.22% 15.25% 11.54%

Growth

Metric DK UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 11.40% 20.23% 13.37%
EPS growth (last fiscal year) 95.67% (25.64%) —
Revenue growth, 5-year CAGR 7.99% 10.10% 12.77%
Net income growth, 5-year CAGR 0.00% 20.45% 0.00%

Health

Metric DK UGP Oil & Gas Refining & Marketing median
Debt to equity 7.55 0.96 0.44
Current ratio 0.76 1.64 1.32
Net debt to EBITDA 3.73 2.02 2.07

Dividend

Metric DK UGP Oil & Gas Refining & Marketing median
Dividend yield 3.26% 2.28% 3.64%
Payout ratio 0.05 0.07 0.14

Size

Metric DK UGP Oil & Gas Refining & Marketing median
Market cap 4.12b 7.99b 4.12b

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