Rational Investing

	Total Market Capitalization of All Firms	$312,692 mm
	Average Market Capitalization	$17,372 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	1.2
	Standard Deviation of MM Ratio	0
	Average Beta	1.1
	Average EV To Revenue	0.8
	Average Price To Free Cash Flow	40.4

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	% Growth	Beta	As Of
NESTE.HE	Neste Oyj	2.1	29,292	1.8	28.6	11	1.0	Jun 19
DK	Delek Us Holdings Inc.	1.6	2,315	0.5	20.2	0	1.5	Sep 19
5019	Idemitsu Kosan Co	1.5	7,997	0.2	-1.5	17	1.0	Sep 19
PTT-R.BK	PTT PCL	1.5	43,042	0.2	36.1	6	1.4	Sep 19
CVI	CVR Energy, Inc.	1.4	3,683	0.7	7.1	-9	1.3	Sep 19
CTX.AX	Caltex Australia Limited	1.2	6,017	0.3	22.5	3	1.0	Jun 19
PSX	Phillips 66	1.2	47,263	0.6	33.8	-3	1.1	Sep 19
KCHOL.IS	Koc Holding AS	1.1	9,004	2.0	-108.3	14	1.0	Sep 19
UGP	Ultrapar Participacoes SA	1.1	7,367	0.5	43.3	3	0.6	Sep 19
VLO	Valero Energy Corp	1.1	37,347	0.4	70.1	-1	1.4	Sep 19
5020	JX Holdings Inc	1.0	14,950	0.2	-31.9	-9	1.0	Sep 19
6505.TW	Formosa Petrochemical Corp	1.0	30,778	0.1	81.2	-4	0.7	Sep 19
ANDV	Andeavor	1.0	24,100	0.7	-15.4	34	1.2	Jun 18
APU	Amerigas Partners LP	1.0	2,903	2.1	68.3	-3	1.1	Jun 19
HFC	Holly Frontier Corporation	0.8	7,890	0.5	32.9	7	1.3	Sep 19
SPH	Suburban Propane Partners Lp	0.8	1,405	2.1	8.7	-2	0.9	Sep 19
GLP	Global Partners Lp	0.6	677	0.1	-11.9	9	0.9	Sep 19
MPC	Marathon Petroleum Corporation	0.6	36,663	0.4	72.1	38	1.6	Sep 19