Icahn Enterprises L.P. (IEP) vs World Kinect Corporation (WKC)

Icahn Enterprises L.P. and World Kinect Corporation are both Oil & Gas Refining & Marketing companies. Icahn Enterprises L.P. is the larger, with a market value of $3.7B against $1.9B — 1.9× the size. World Kinect Corporation grew revenue faster over the last twelve months: 21.1% against 10.6%. World Kinect Corporation has the higher net margin (−0.37% vs −4.86%) and the lower return on invested capital (−1.54% vs 1.84%). Both pay a dividend; Icahn Enterprises L.P. yields more (38.8% vs 2.31%). Across the 20 metrics below, World Kinect Corporation leads on 12 and Icahn Enterprises L.P. on 8.

Valuation

Metric IEP WKC Oil & Gas Refining & Marketing median
P/E n/m n/m 11.95
P/S 0.32 0.04 0.36
P/B 1.61 1.48 1.67
Price to free cash flow n/m 23.26 8.06
EV/EBITDA 7.22 8.75 6.84
EV/Sales 0.49 0.05 0.55
Earnings yield (14.37%) (7.85%) 6.59%
Free cash flow yield (7.29%) 4.30% 11.61%

Profitability

Metric IEP WKC Oil & Gas Refining & Marketing median
Gross margin 14.49% 2.54% 14.49%
Operating margin 1.07% (0.10%) 7.14%
Net margin (4.86%) (0.37%) 2.29%
Free cash flow margin (2.37%) 0.18% 4.55%
Return on equity (18.50%) (11.46%) 14.90%
Return on assets (3.71%) (2.55%) 5.52%
Return on invested capital 1.84% (1.54%) 13.76%

Growth

Metric IEP WKC Oil & Gas Refining & Marketing median
Revenue growth (TTM) 10.62% 21.06% 19.06%
EPS growth (last fiscal year) 44.68% (1,072.57%) 37.92%
Revenue growth, 5-year CAGR 9.54% 12.64% 13.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric IEP WKC Oil & Gas Refining & Marketing median
Debt to equity 2.98 0.54 0.48
Current ratio 2.87 1.04 1.32
Net debt to EBITDA 1.12 1.81 2.07

Dividend

Metric IEP WKC Oil & Gas Refining & Marketing median
Dividend yield 38.83% 2.31% 2.31%
Payout ratio — — 0.35

Size

Metric IEP WKC Oil & Gas Refining & Marketing median
Market cap 3.69b 1.91b 4.16b

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