Rational Investing

	Total Market Capitalization of All Firms	$268,606 mm
	Average Market Capitalization	$11,192 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.9
	Standard Deviation of MM Ratio	0.5
	Average Beta	1.4
	Average EV To Revenue	0.9
	Average EV To EBITDAM	17.1
	Average Price To Free Cash Flow	18.2

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
CLNE	Clean Energy Fuels Corp.	1.92	1,485	4.6	6.7	40	16	1.8	Sep 21
VVO.L	Vivo Energy PLC	1.79	19	0.1	2	5.7	17	1.4	Jun 21
ALD.AX	Ampol Limited	1.50	4,948	0.3	11.6	6.8	18	1.3	Jun 21
DCC.L	DCC PLC	1.47	7,413	0.7	23.2	40	5	0.9	Mar 21
6505.TW	Formosa Petrochemical Corp	1.43	33,308	0.2	35.2	26.3	37	0.7	Jun 21
UGP	Ultrapar Participacoes SA	1.16	2,775	0.3	2.6	13.5	32	1.1	Sep 21
034730.KS	SK Holdings Co., Ltd	1.15	16,255	0.5	99	20.8	21	1.1	Jun 21
HFC	Holly Frontier Corporation	1.12	5,439	0.7	20.2	14.4	15	1.6	Sep 21
5020	JX Holdings Inc	1.03	12,298	0.4	3.3	8.0	14	1.1	Sep 21
IEP	Icahn Enterprises, L.p.	1.02	13,451	2.0	16.3	40	44	0.9	Jun 21
VLO	Valero Energy Corp	1.02	29,096	0.4	5.6	6.5	77	1.9	Sep 21
INT	World Fuel Services Corp.	1.01	1,624	0.1	2	1.1	30	1.1	Sep 21
010950.KS	S-Oil Corp	0.95	8,492	0.3	10.2	8.8	36	0.8	Jun 21
PSX	Phillips 66	0.95	31,434	0.6	8.1	10.1	17	1.6	Sep 21
KCHOL.IS	Koc Holding AS	0.88	5,788	1.7	30.1	40	61	1.1	Jun 21
PBF	PBF Energy Inc	0.82	1,579	0.5	13.1	40	68	3.0	Jun 21
5019	Idemitsu Kosan Co	0.80	7,646	0.8	99	40	21	1.1	Jun 21
PKI.TO	Parkland Fuel Corp	0.64	4,054	0.4	10.9	6.9	62	1.6	Sep 21
MPC	Marathon Petroleum Corporation	0.63	40,417	0.8	3.5	5.8	42	1.9	Sep 21
CVI	CVR Energy, Inc.	0.41	1,644	0.8	4.3	5.3	13	1.7	Sep 21
NESTE.HE	Neste Oyj	0.38	36,527	2.5	19.3	12.9	29	1.0	Sep 21
SPH	Suburban Propane Partners Lp	0.28	932	1.5	4.4	6.3	9	0.7	Sep 21
GLP	Global Partners Lp	0.24	757	0.2	2	3.4	25	1.3	Sep 21
DK	Delek Us Holdings Inc.	0.23	1,226	0.5	4.8	8.3	33	1.9	Sep 21