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 $4.7B against $1.9B — 2.5× the size. Icahn Enterprises L.P. grew revenue faster over the last twelve months: 10.6% against 7.61%. World Kinect Corporation has the higher net margin (−0.43% vs −4.86%) and the lower return on invested capital (−2.02% vs 1.84%). Both pay a dividend; Icahn Enterprises L.P. yields more (30.5% vs 2.36%). Across the 20 metrics below, World Kinect Corporation leads on 11 and Icahn Enterprises L.P. on 9.

Valuation

Metric IEP WKC Oil & Gas Refining & Marketing median
P/E n/m n/m 15.70
P/S 0.41 0.04 0.44
P/B 2.05 1.48 2.02
Price to free cash flow n/m 95.97 9.62
EV/EBITDA 8.54 9.12 8.04
EV/Sales 0.57 0.06 0.58
Earnings yield (11.28%) (8.77%) 5.81%
Free cash flow yield (5.72%) 1.04% 9.15%

Profitability

Metric IEP WKC Oil & Gas Refining & Marketing median
Gross margin 14.49% 2.69% 12.22%
Operating margin 1.07% (0.15%) 5.35%
Net margin (4.86%) (0.43%) 2.08%
Free cash flow margin (2.37%) 0.05% 4.25%
Return on equity (18.50%) (12.49%) 11.39%
Return on assets (3.71%) (2.83%) 5.22%
Return on invested capital 1.84% (2.02%) 11.54%

Growth

Metric IEP WKC Oil & Gas Refining & Marketing median
Revenue growth (TTM) 10.62% 7.61% 13.37%
EPS growth (last fiscal year) 44.68% (1,072.57%) 31.15%
Revenue growth, 5-year CAGR 9.54% 12.64% 12.77%
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 0.59 0.44
Current ratio 2.87 1.06 1.32
Net debt to EBITDA 1.12 1.81 2.07

Dividend

Metric IEP WKC Oil & Gas Refining & Marketing median
Dividend yield 30.49% 2.36% 1.80%
Payout ratio — — 0.35

Size

Metric IEP WKC Oil & Gas Refining & Marketing median
Market cap 4.72b 1.90b 4.69b

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