DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
USA - NYSE:DKL - US24664T1034
45.16 USD
+0.16 (+0.36%)
44.7 USD
-0.46 (-1.02%)
DKL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While DKL is still in line with the averages on profitability rating, there are concerns on its financial health. DKL has a decent growth rate and is not valued too expensively. DKL also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
DKL had positive earnings in the past year.
DKL had a positive operating cash flow in the past year.
DKL had positive earnings in each of the past 5 years.
DKL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 5.54%, DKL is doing good in the industry, outperforming 65.24% of the companies in the same industry.
With an excellent Return On Equity value of 476.97%, DKL belongs to the best of the industry, outperforming 98.57% of the companies in the same industry.
With a Return On Invested Capital value of 5.68%, DKL perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
DKL had an Average Return On Invested Capital over the past 3 years of 10.52%. This is significantly below the industry average of 21.90%.
The last Return On Invested Capital (5.68%) for DKL is well below the 3 year average (10.52%), which needs to be investigated, but indicates that DKL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.54% | ||
| ROE | 476.97% | ||
| ROIC | 5.68% |
ROA(3y)8.05%
ROA(5y)11.29%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.52%
ROIC(5y)12.96%
1.3 Margins
The Profit Margin of DKL (16.58%) is better than 69.05% of its industry peers.
In the last couple of years the Profit Margin of DKL has grown nicely.
DKL has a Operating Margin (18.06%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of DKL has remained more or less at the same level.
With a Gross Margin value of 23.39%, DKL is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of DKL has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.06% | ||
| PM (TTM) | 16.58% | ||
| GM | 23.39% |
OM growth 3Y-7.56%
OM growth 5Y-0.08%
PM growth 3Y-13.59%
PM growth 5Y6.82%
GM growth 3Y-5.79%
GM growth 5Y0%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DKL is creating some value.
Compared to 1 year ago, DKL has more shares outstanding
Compared to 5 years ago, DKL has more shares outstanding
The debt/assets ratio for DKL has been reduced compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 69.13 is on the high side and indicates that DKL has dependencies on debt financing.
With a Debt to Equity ratio value of 69.13, DKL is not doing good in the industry: 91.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 69.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.67
WACC8.5%
2.3 Liquidity
A Current Ratio of 0.93 indicates that DKL may have some problems paying its short term obligations.
With a Current ratio value of 0.93, DKL is not doing good in the industry: 60.95% of the companies in the same industry are doing better.
DKL has a Quick Ratio of 0.93. This is a bad value and indicates that DKL is not financially healthy enough and could expect problems in meeting its short term obligations.
DKL has a Quick ratio (0.89) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.37% over the past year.
Measured over the past 5 years, DKL shows a small growth in Earnings Per Share. The EPS has been growing by 2.76% on average per year.
DKL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -12.08%.
The Revenue has been growing by 10.00% on average over the past years. This is quite good.
EPS 1Y (TTM)1.37%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%-4.6%
Revenue 1Y (TTM)-12.08%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%-6.91%
3.2 Future
DKL is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.19% yearly.
The Revenue is expected to grow by 2.40% on average over the next years.
EPS Next Y25.84%
EPS Next 2Y20.21%
EPS Next 3Y17.19%
EPS Next 5YN/A
Revenue Next Year8.47%
Revenue Next 2Y2.02%
Revenue Next 3Y2.4%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.31, DKL is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as DKL.
DKL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.45, the valuation of DKL can be described as reasonable.
Based on the Price/Forward Earnings ratio, DKL is valued a bit cheaper than 67.62% of the companies in the same industry.
DKL is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.71, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 10.45 |
4.2 Price Multiples
DKL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. DKL is more expensive than 67.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.27 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of DKL may justify a higher PE ratio.
DKL's earnings are expected to grow with 17.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)5.56
EPS Next 2Y20.21%
EPS Next 3Y17.19%
5. Dividend
5.1 Amount
DKL has a Yearly Dividend Yield of 10.03%, which is a nice return.
Compared to an average industry Dividend Yield of 6.18, DKL pays a better dividend. On top of this DKL pays more dividend than 90.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, DKL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
5.2 History
The dividend of DKL has a limited annual growth rate of 5.08%.
DKL has paid a dividend for at least 10 years, which is a reliable track record.
DKL has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.08%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
DKL pays out 148.44% of its income as dividend. This is not a sustainable payout ratio.
DKL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP148.44%
EPS Next 2Y20.21%
EPS Next 3Y17.19%
45.16
+0.16 (+0.36%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.86%
Inst Owner Change-2.61%
Ins Owners0.85%
Ins Owner Change0.02%
Market Cap2.41B
Analysts75
Price Target44.63 (-1.17%)
Short Float %2.97%
Short Ratio7.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.03% |
Yearly Dividend4.3
Dividend Growth(5Y)5.08%
DP148.44%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.65%
Min EPS beat(2)-12.64%
Max EPS beat(2)-10.66%
EPS beat(4)0
Avg EPS beat(4)-10.2%
Min EPS beat(4)-16.08%
Max EPS beat(4)-1.42%
EPS beat(8)2
Avg EPS beat(8)-10.99%
EPS beat(12)2
Avg EPS beat(12)-12%
EPS beat(16)2
Avg EPS beat(16)-11.68%
Revenue beat(2)1
Avg Revenue beat(2)-4.53%
Min Revenue beat(2)-15.31%
Max Revenue beat(2)6.26%
Revenue beat(4)1
Avg Revenue beat(4)-10.56%
Min Revenue beat(4)-19.73%
Max Revenue beat(4)6.26%
Revenue beat(8)3
Avg Revenue beat(8)-6.18%
Revenue beat(12)3
Avg Revenue beat(12)-7.58%
Revenue beat(16)7
Avg Revenue beat(16)-0.86%
PT rev (1m)1.16%
PT rev (3m)1.74%
EPS NQ rev (1m)3.48%
EPS NQ rev (3m)4.31%
EPS NY rev (1m)-0.63%
EPS NY rev (3m)53.65%
Revenue NQ rev (1m)-4.83%
Revenue NQ rev (3m)-4.88%
Revenue NY rev (1m)-4.48%
Revenue NY rev (3m)-4.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.31 | ||
| Fwd PE | 10.45 | ||
| P/S | 2.62 | ||
| P/FCF | N/A | ||
| P/OCF | 11.29 | ||
| P/B | 75.47 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.27 |
EPS(TTM)2.95
EY6.53%
EPS(NY)4.32
Fwd EY9.57%
FCF(TTM)-1.26
FCFYN/A
OCF(TTM)4
OCFY8.86%
SpS17.21
BVpS0.6
TBVpS-6.7
PEG (NY)0.59
PEG (5Y)5.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.54% | ||
| ROE | 476.97% | ||
| ROCE | 7.19% | ||
| ROIC | 5.68% | ||
| ROICexc | 5.69% | ||
| ROICexgc | 6.84% | ||
| OM | 18.06% | ||
| PM (TTM) | 16.58% | ||
| GM | 23.39% | ||
| FCFM | N/A |
ROA(3y)8.05%
ROA(5y)11.29%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.52%
ROIC(5y)12.96%
ROICexc(3y)10.55%
ROICexc(5y)13.01%
ROICexgc(3y)13.49%
ROICexgc(5y)16.38%
ROCE(3y)13.31%
ROCE(5y)16.4%
ROICexcg growth 3Y-24.63%
ROICexcg growth 5Y-11.47%
ROICexc growth 3Y-23.14%
ROICexc growth 5Y-10.33%
OM growth 3Y-7.56%
OM growth 5Y-0.08%
PM growth 3Y-13.59%
PM growth 5Y6.82%
GM growth 3Y-5.79%
GM growth 5Y0%
F-Score4
Asset Turnover0.33
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 69.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 8.27 | ||
| Cap/Depr | 278.1% | ||
| Cap/Sales | 30.55% | ||
| Interest Coverage | 1.12 | ||
| Cash Conversion | 79.99% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | N/A |
F-Score4
WACC8.5%
ROIC/WACC0.67
Cap/Depr(3y)146.92%
Cap/Depr(5y)103.95%
Cap/Sales(3y)12.67%
Cap/Sales(5y)8.76%
Profit Quality(3y)59.95%
Profit Quality(5y)92.03%
High Growth Momentum
Growth
EPS 1Y (TTM)1.37%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%-4.6%
EPS Next Y25.84%
EPS Next 2Y20.21%
EPS Next 3Y17.19%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.08%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%-6.91%
Revenue Next Year8.47%
Revenue Next 2Y2.02%
Revenue Next 3Y2.4%
Revenue Next 5YN/A
EBIT growth 1Y-36.28%
EBIT growth 3Y1.97%
EBIT growth 5Y9.92%
EBIT Next Year107.6%
EBIT Next 3Y32.93%
EBIT Next 5YN/A
FCF growth 1Y-62.97%
FCF growth 3Y-33.3%
FCF growth 5Y-9.28%
OCF growth 1Y73.97%
OCF growth 3Y-9.15%
OCF growth 5Y9.61%