DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
USA - NYSE:DKL - US24664T1034
43.65 USD
+0.35 (+0.81%)
43.65 USD
0 (0%)
DKL gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of DKL while its profitability can be described as average. DKL has a correct valuation and a medium growth rate. 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.
Each year in the past 5 years DKL has been profitable.
DKL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
DKL has a better Return On Assets (5.54%) than 65.88% of its industry peers.
With an excellent Return On Equity value of 476.97%, DKL belongs to the best of the industry, outperforming 98.58% of the companies in the same industry.
The Return On Invested Capital of DKL (5.68%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for DKL is significantly below the industry average of 21.53%.
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
Looking at the Profit Margin, with a value of 16.58%, DKL is in the better half of the industry, outperforming 69.67% of the companies in the same industry.
DKL's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 18.06%, DKL perfoms like the industry average, outperforming 52.13% of the companies in the same industry.
In the last couple of years the Operating Margin of DKL has remained more or less at the same level.
Looking at the Gross Margin, with a value of 23.39%, DKL is doing worse than 63.98% of the companies in the same industry.
DKL's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DKL is still creating some value.
The number of shares outstanding for DKL has been increased compared to 1 year ago.
The number of shares outstanding for DKL has been increased compared to 5 years ago.
The debt/assets ratio for DKL has been reduced compared to a year ago.
2.2 Solvency
DKL has a Debt/Equity ratio of 69.13. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 69.13, DKL is not doing good in the industry: 92.42% 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/WACC0.68
WACC8.3%
2.3 Liquidity
A Current Ratio of 0.93 indicates that DKL may have some problems paying its short term obligations.
DKL has a worse Current ratio (0.93) than 60.66% of its industry peers.
A Quick Ratio of 0.89 indicates that DKL may have some problems paying its short term obligations.
The Quick ratio of DKL (0.89) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.93 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
DKL shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.37%.
The Earnings Per Share has been growing slightly by 2.76% on average over the past years.
Looking at the last year, DKL shows a very negative growth in Revenue. The Revenue has decreased by -12.08% in the last year.
Measured over the past years, DKL shows a quite strong growth in Revenue. The Revenue has been growing by 10.00% on average per year.
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
The Earnings Per Share is expected to grow by 16.81% on average over the next years. This is quite good.
DKL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.24% yearly.
EPS Next Y25.42%
EPS Next 2Y19.98%
EPS Next 3Y16.81%
EPS Next 5YN/A
Revenue Next Year8.57%
Revenue Next 2Y1.93%
Revenue Next 3Y2.24%
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
A Price/Earnings ratio of 14.80 indicates a correct valuation of DKL.
Compared to the rest of the industry, the Price/Earnings ratio of DKL is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.42, DKL is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 10.14, the valuation of DKL can be described as reasonable.
Based on the Price/Forward Earnings ratio, DKL is valued a bit cheaper than 68.25% of the companies in the same industry.
DKL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.8 | ||
| Fwd PE | 10.14 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DKL is valued a bit more expensive than 67.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17 |
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 16.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)5.37
EPS Next 2Y19.98%
EPS Next 3Y16.81%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.30%, DKL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.30, DKL pays a better dividend. On top of this DKL pays more dividend than 89.57% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, DKL pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.3% |
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.
The dividend of DKL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP148.44%
EPS Next 2Y19.98%
EPS Next 3Y16.81%
43.65
+0.35 (+0.81%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.42%
Inst Owner Change0.07%
Ins Owners0.84%
Ins Owner Change0.02%
Market Cap2.33B
Analysts75
Price Target44.63 (2.25%)
Short Float %2.81%
Short Ratio7.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.3% |
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)0%
PT rev (3m)1.16%
EPS NQ rev (1m)-1.37%
EPS NQ rev (3m)3.72%
EPS NY rev (1m)-0.34%
EPS NY rev (3m)-0.96%
Revenue NQ rev (1m)-0.26%
Revenue NQ rev (3m)-4.95%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-4.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.8 | ||
| Fwd PE | 10.14 | ||
| P/S | 2.54 | ||
| P/FCF | N/A | ||
| P/OCF | 10.91 | ||
| P/B | 72.94 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17 |
EPS(TTM)2.95
EY6.76%
EPS(NY)4.3
Fwd EY9.86%
FCF(TTM)-1.26
FCFYN/A
OCF(TTM)4
OCFY9.16%
SpS17.21
BVpS0.6
TBVpS-6.7
PEG (NY)0.58
PEG (5Y)5.37
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
WACC8.3%
ROIC/WACC0.68
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 Y25.42%
EPS Next 2Y19.98%
EPS Next 3Y16.81%
EPS Next 5YN/A
Revenue 1Y (TTM)-12.08%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%-6.91%
Revenue Next Year8.57%
Revenue Next 2Y1.93%
Revenue Next 3Y2.24%
Revenue Next 5YN/A
EBIT growth 1Y-36.28%
EBIT growth 3Y1.97%
EBIT growth 5Y9.92%
EBIT Next Year107.52%
EBIT Next 3Y33.05%
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%