Delek Logistics Partners, L.P. (DKL) vs SINOPEC Shangai Petrochemical Company, Ltd. (SHI)

Delek Logistics Partners, L.P. and SINOPEC Shangai Petrochemical Company, Ltd. are both Oil & Gas Refining & Marketing companies. SINOPEC Shangai Petrochemical Company, Ltd. is the larger, with a market value of $3.8B against $3.2B — 1.2× the size. Delek Logistics Partners, L.P. trades at the lower P/E: 18.8× against 117×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 28.2%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 1.73%) and the higher return on invested capital (4.97% vs 0.00%). Both pay a dividend; SINOPEC Shangai Petrochemical Company, Ltd. yields more (9.63% vs 9.38%). Across the 21 metrics below, Delek Logistics Partners, L.P. leads on 14 and SINOPEC Shangai Petrochemical Company, Ltd. on 7.

Valuation

Metric DKL SHI Oil & Gas Refining & Marketing median
P/E 18.78 116.83 15.04
P/S 2.39 0.09 0.41
P/B n/m 0.47 1.87
Price to free cash flow 24.28 n/m 8.78
EV/EBITDA 16.10 3.04 7.94
EV/Sales 4.40 0.08 0.59
Earnings yield 5.33% 0.86% 6.15%
Free cash flow yield 4.12% (80.82%) 10.47%

Profitability

Metric DKL SHI Oil & Gas Refining & Marketing median
Gross margin 17.58% 7.74% 12.22%
Operating margin 15.32% 2.41% 5.35%
Net margin 12.85% 1.73% 2.08%
Free cash flow margin 9.84% 0.00% 4.25%
Return on equity (826.14%) 0.00% 11.39%
Return on assets 5.48% 0.00% 5.22%
Return on invested capital 4.97% 0.00% 11.54%

Growth

Metric DKL SHI Oil & Gas Refining & Marketing median
Revenue growth (TTM) 30.33% 28.24% 13.37%
EPS growth (last fiscal year) 10.37% (232.66%) —
Revenue growth, 5-year CAGR 12.46% (1.64%) 12.77%
Net income growth, 5-year CAGR 4.66% 0.00% 0.00%

Health

Metric DKL SHI Oil & Gas Refining & Marketing median
Debt to equity (34.54) 0.20 0.44
Current ratio 0.96 1.16 1.32
Net debt to EBITDA 7.63 1.01 2.07

Dividend

Metric DKL SHI Oil & Gas Refining & Marketing median
Dividend yield 9.38% 9.63% 3.64%
Payout ratio — 0.52 0.14

Size

Metric DKL SHI Oil & Gas Refining & Marketing median
Market cap 3.15b 3.81b 4.12b

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