Delek Logistics Partners, L.P. (DKL) vs Ultrapar Participacoes S.A. (UGP)

Delek Logistics Partners, L.P. and Ultrapar Participacoes S.A. are both Oil & Gas Refining & Marketing companies. Ultrapar Participacoes S.A. is the larger, with a market value of $6.0B against $3.0B — 2.0× the size. Ultrapar Participacoes S.A. trades at the lower P/E: 8.8× against 17.7×. Delek Logistics Partners, L.P. grew revenue faster over the last twelve months: 30.3% against 20.2%. Delek Logistics Partners, L.P. has the higher net margin (12.9% vs 2.29%) and the lower return on invested capital (4.97% vs 15.3%). Both pay a dividend; Delek Logistics Partners, L.P. yields more (11.1% vs 6.75%). Across the 22 metrics below, Ultrapar Participacoes S.A. leads on 13 and Delek Logistics Partners, L.P. on 9.

Valuation

Metric DKL UGP Oil & Gas Refining & Marketing median
P/E 17.68 8.84 8.38
P/S 2.25 0.21 0.33
P/B n/m 1.50 1.70
Price to free cash flow 22.86 4.06 5.86
EV/EBITDA 15.59 4.21 4.96
EV/Sales 4.26 0.27 0.46
Earnings yield 5.66% 11.31% 9.67%
Free cash flow yield 4.37% 24.61% 15.55%

Profitability

Metric DKL UGP Oil & Gas Refining & Marketing median
Gross margin 17.58% 8.44% 10.93%
Operating margin 15.32% 4.95% 7.14%
Net margin 12.85% 2.29% 2.70%
Free cash flow margin 9.84% 5.52% 6.17%
Return on equity (826.14%) 18.40% 21.95%
Return on assets 5.48% 7.25% 5.76%
Return on invested capital 4.97% 15.25% 13.74%

Growth

Metric DKL UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 30.33% 20.23% 26.02%
EPS growth (last fiscal year) 10.37% 2.90% 37.92%
Revenue growth, 5-year CAGR 12.46% 10.10% 13.17%
Net income growth, 5-year CAGR 4.66% 20.45% 0.00%

Health

Metric DKL UGP Oil & Gas Refining & Marketing median
Debt to equity (34.54) 0.96 0.41
Current ratio 0.96 1.64 1.31
Net debt to EBITDA 7.63 2.02 2.07

Dividend

Metric DKL UGP Oil & Gas Refining & Marketing median
Dividend yield 11.13% 6.75% 2.20%
Payout ratio 1.97 0.62 0.25

Size

Metric DKL UGP Oil & Gas Refining & Marketing median
Market cap 2.96b 5.95b 3.91b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack