DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DKL - US24664T1034
46.33 USD
+0.51 (+1.11%)
46.33 USD
0 (0%)
Taking everything into account, DKL scores 5 out of 10 in our fundamental rating. DKL was compared to 210 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 is not valued too expensively and it also shows a decent 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.
DKL had positive earnings in each of the past 5 years.
In the past 5 years DKL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.99%, DKL is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
DKL's Return On Equity of 941.35% is amongst the best of the industry. DKL outperforms 99.05% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.08%, DKL is in line with its industry, outperforming 53.81% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for DKL is significantly below the industry average of 21.41%.
The 3 year average ROIC (10.52%) for DKL is well above the current ROIC(6.08%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 941.35% | ||
| ROIC | 6.08% |
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 17.00%, DKL is in the better half of the industry, outperforming 69.52% of the companies in the same industry.
In the last couple of years the Profit Margin of DKL has grown nicely.
DKL has a Operating Margin of 18.91%. This is comparable to the rest of the industry: DKL outperforms 55.24% of its industry peers.
In the last couple of years the Operating Margin of DKL has remained more or less at the same level.
DKL has a Gross Margin of 22.77%. This is in the lower half of the industry: DKL underperforms 64.29% of its industry peers.
DKL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.91% | ||
| PM (TTM) | 17% | ||
| GM | 22.77% |
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.
DKL has more shares outstanding than it did 5 years ago.
DKL has a better debt/assets ratio than last year.
2.2 Solvency
A Debt/Equity ratio of 130.97 is on the high side and indicates that DKL has dependencies on debt financing.
The Debt to Equity ratio of DKL (130.97) is worse than 93.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 130.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.72
WACC8.46%
2.3 Liquidity
A Current Ratio of 1.03 indicates that DKL should not have too much problems paying its short term obligations.
DKL has a Current ratio of 1.03. This is comparable to the rest of the industry: DKL outperforms 45.71% of its industry peers.
DKL has a Quick Ratio of 1.03. 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 of 0.98. This is comparable to the rest of the industry: DKL outperforms 50.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.98 |
3. Growth
3.1 Past
DKL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.35%, which is quite good.
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 decrease in Revenue. The Revenue has decreased by -1.78% in the last year.
DKL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.00% yearly.
EPS 1Y (TTM)11.35%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%26.76%
Revenue 1Y (TTM)-1.78%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%22.05%
3.2 Future
Based on estimates for the next years, DKL will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.15% on average per year.
Based on estimates for the next years, DKL will show a small growth in Revenue. The Revenue will grow by 2.31% on average per year.
EPS Next Y27.26%
EPS Next 2Y21.73%
EPS Next 3Y17.15%
EPS Next 5YN/A
Revenue Next Year8.67%
Revenue Next 2Y1.93%
Revenue Next 3Y2.31%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 14.75, the valuation of DKL can be described as correct.
DKL's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of DKL to the average of the S&P500 Index (26.15), we can say DKL is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 10.46, the valuation of DKL can be described as reasonable.
DKL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DKL is cheaper than 72.86% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of DKL to the average of the S&P500 Index (36.12), we can say DKL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.75 | ||
| Fwd PE | 10.46 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DKL indicates a slightly more expensive valuation: DKL is more expensive than 67.62% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.93 |
4.3 Compensation for Growth
DKL's 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 17.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)5.35
EPS Next 2Y21.73%
EPS Next 3Y17.15%
5. Dividend
5.1 Amount
DKL has a Yearly Dividend Yield of 10.06%, which is a nice return.
DKL's Dividend Yield is rather good when compared to the industry average which is at 5.90. DKL pays more dividend than 90.48% of the companies in the same industry.
DKL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.06% |
5.2 History
The dividend of DKL has a limited annual growth rate of 5.08%.
DKL has been paying a dividend for at least 10 years, so it has a reliable track record.
DKL has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.08%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
DKL pays out 142.79% 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.
DP142.79%
EPS Next 2Y21.73%
EPS Next 3Y17.15%
46.33
+0.51 (+1.11%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.42%
Inst Owner Change-3.7%
Ins Owners0.84%
Ins Owner Change0.02%
Market Cap2.48B
Revenue(TTM)967.42M
Net Income(TTM)164.47M
Analysts75
Price Target44.88 (-3.13%)
Short Float %2.89%
Short Ratio8.57
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.06% |
Yearly Dividend4.3
Dividend Growth(5Y)5.08%
DP142.79%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.41%
Min EPS beat(2)-12.64%
Max EPS beat(2)-10.17%
EPS beat(4)0
Avg EPS beat(4)-8.72%
Min EPS beat(4)-12.64%
Max EPS beat(4)-1.42%
EPS beat(8)1
Avg EPS beat(8)-12.28%
EPS beat(12)2
Avg EPS beat(12)-11.54%
EPS beat(16)2
Avg EPS beat(16)-12.07%
Revenue beat(2)1
Avg Revenue beat(2)-6.41%
Min Revenue beat(2)-15.31%
Max Revenue beat(2)2.49%
Revenue beat(4)2
Avg Revenue beat(4)-5%
Min Revenue beat(4)-15.31%
Max Revenue beat(4)6.26%
Revenue beat(8)3
Avg Revenue beat(8)-6.42%
Revenue beat(12)4
Avg Revenue beat(12)-6.78%
Revenue beat(16)7
Avg Revenue beat(16)-2.71%
PT rev (1m)0.57%
PT rev (3m)1.15%
EPS NQ rev (1m)3.29%
EPS NQ rev (3m)11.59%
EPS NY rev (1m)0%
EPS NY rev (3m)1.13%
Revenue NQ rev (1m)21.06%
Revenue NQ rev (3m)17.8%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.75 | ||
| Fwd PE | 10.46 | ||
| P/S | 2.56 | ||
| P/FCF | N/A | ||
| P/OCF | 10.16 | ||
| P/B | 141.76 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.93 |
EPS(TTM)3.14
EY6.78%
EPS(NY)4.43
Fwd EY9.56%
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)4.56
OCFY9.84%
SpS18.1
BVpS0.33
TBVpS-6.88
PEG (NY)0.54
PEG (5Y)5.35
Graham Number4.81
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 941.35% | ||
| ROCE | 7.69% | ||
| ROIC | 6.08% | ||
| ROICexc | 6.1% | ||
| ROICexgc | 7.28% | ||
| OM | 18.91% | ||
| PM (TTM) | 17% | ||
| GM | 22.77% | ||
| 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%
ROICexgc growth 3Y-24.63%
ROICexgc 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 Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 130.97 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.71 | ||
| Cap/Depr | 256.97% | ||
| Cap/Sales | 30.3% | ||
| Interest Coverage | 1.21 | ||
| Cash Conversion | 82.1% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.98 | ||
| Altman-Z | N/A |
F-Score4
WACC8.46%
ROIC/WACC0.72
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)11.35%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%26.76%
EPS Next Y27.26%
EPS Next 2Y21.73%
EPS Next 3Y17.15%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.78%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%22.05%
Revenue Next Year8.67%
Revenue Next 2Y1.93%
Revenue Next 3Y2.31%
Revenue Next 5YN/A
EBIT growth 1Y-20.62%
EBIT growth 3Y1.97%
EBIT growth 5Y9.92%
EBIT Next Year107.52%
EBIT Next 3Y33.05%
EBIT Next 5YN/A
FCF growth 1Y59.19%
FCF growth 3Y-33.3%
FCF growth 5Y-9.28%
OCF growth 1Y4500.15%
OCF growth 3Y-9.15%
OCF growth 5Y9.61%
DELEK LOGISTICS PARTNERS LP / DKL FAQ
What is the ChartMill fundamental rating of DELEK LOGISTICS PARTNERS LP (DKL) stock?
ChartMill assigns a fundamental rating of 5 / 10 to DKL.
Can you provide the valuation status for DELEK LOGISTICS PARTNERS LP?
ChartMill assigns a valuation rating of 5 / 10 to DELEK LOGISTICS PARTNERS LP (DKL). This can be considered as Fairly Valued.
What is the profitability of DKL stock?
DELEK LOGISTICS PARTNERS LP (DKL) has a profitability rating of 6 / 10.
What is the expected EPS growth for DELEK LOGISTICS PARTNERS LP (DKL) stock?
The Earnings per Share (EPS) of DELEK LOGISTICS PARTNERS LP (DKL) is expected to grow by 27.26% in the next year.
How sustainable is the dividend of DELEK LOGISTICS PARTNERS LP (DKL) stock?
The dividend rating of DELEK LOGISTICS PARTNERS LP (DKL) is 8 / 10 and the dividend payout ratio is 142.79%.