Delek Logistics Partners, L.P. (DKL) vs Star Group, L.P. (SGU)

Delek Logistics Partners, L.P. and Star Group, L.P. are both Oil & Gas Refining & Marketing companies. Delek Logistics Partners, L.P. is the larger, with a market value of $3.2B against $415.1M — 7.6× the size. Star Group, L.P. trades at the lower P/E: 6.9× against 18.8×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 7.58%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 3.96%) and the lower return on invested capital (4.97% vs 16.0%). Both pay a dividend; Delek Logistics Partners, L.P. yields more (9.38% vs 5.66%). Across the 22 metrics below, Star Group, L.P. leads on 14 and Delek Logistics Partners, L.P. on 8.

Valuation

Metric DKL SGU Oil & Gas Refining & Marketing median
P/E 18.78 6.86 15.04
P/S 2.39 0.22 0.41
P/B n/m 1.08 1.87
Price to free cash flow 24.28 6.75 8.78
EV/EBITDA 16.10 3.29 7.94
EV/Sales 4.40 0.30 0.59
Earnings yield 5.33% 14.58% 6.15%
Free cash flow yield 4.12% 14.83% 10.47%

Profitability

Metric DKL SGU Oil & Gas Refining & Marketing median
Gross margin 17.58% 31.79% 12.22%
Operating margin 15.32% 7.14% 5.35%
Net margin 12.85% 3.96% 2.08%
Free cash flow margin 9.84% 3.27% 4.25%
Return on equity (826.14%) 20.83% 11.39%
Return on assets 5.48% 7.67% 5.22%
Return on invested capital 4.97% 15.95% 11.54%

Growth

Metric DKL SGU Oil & Gas Refining & Marketing median
Revenue growth (TTM) 30.33% 7.58% 13.37%
EPS growth (last fiscal year) 10.37% 102.22% —
Revenue growth, 5-year CAGR 12.46% 3.99% 12.77%
Net income growth, 5-year CAGR 4.66% 5.09% 0.00%

Health

Metric DKL SGU Oil & Gas Refining & Marketing median
Debt to equity (34.54) 0.44 0.44
Current ratio 0.96 0.87 1.32
Net debt to EBITDA 7.63 1.08 2.07

Dividend

Metric DKL SGU Oil & Gas Refining & Marketing median
Dividend yield 9.38% 5.66% 3.64%
Payout ratio — — 0.14

Size

Metric DKL SGU Oil & Gas Refining & Marketing median
Market cap 3.15b 415.06m 4.12b

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