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 $8.0B against $3.2B — 2.5× the size. Ultrapar Participacoes S.A. trades at the lower P/E: 11.3× against 18.8×. 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 (9.38% vs 2.28%). 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 18.78 11.25 15.04
P/S 2.39 0.26 0.41
P/B n/m 1.91 1.87
Price to free cash flow 24.28 5.17 8.78
EV/EBITDA 16.10 5.08 7.94
EV/Sales 4.40 0.33 0.59
Earnings yield 5.33% 8.89% 6.15%
Free cash flow yield 4.12% 19.34% 10.47%

Profitability

Metric DKL UGP Oil & Gas Refining & Marketing median
Gross margin 17.58% 8.44% 12.22%
Operating margin 15.32% 4.95% 5.35%
Net margin 12.85% 2.29% 2.08%
Free cash flow margin 9.84% 5.52% 4.25%
Return on equity (826.14%) 18.40% 11.39%
Return on assets 5.48% 7.25% 5.22%
Return on invested capital 4.97% 15.25% 11.54%

Growth

Metric DKL UGP Oil & Gas Refining & Marketing median
Revenue growth (TTM) 30.33% 20.23% 13.37%
EPS growth (last fiscal year) 10.37% (25.64%) —
Revenue growth, 5-year CAGR 12.46% 10.10% 12.77%
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 0.44
Current ratio 0.96 1.64 1.32
Net debt to EBITDA 7.63 2.02 2.07

Dividend

Metric DKL UGP Oil & Gas Refining & Marketing median
Dividend yield 9.38% 2.28% 3.64%
Payout ratio — 0.07 0.14

Size

Metric DKL UGP Oil & Gas Refining & Marketing median
Market cap 3.15b 7.99b 4.12b

Compare with another peer

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