DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DKL - US24664T1034
47.77 USD
+1.02 (+2.18%)
47.69 USD
-0.08 (-0.17%)
DKL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 208 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 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.
In the past 5 years DKL has always been profitable.
Each year in the past 5 years DKL had a positive operating cash flow.
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 72.60% of the companies in the same industry.
DKL has a Return On Equity of 941.35%. This is amongst the best in the industry. DKL outperforms 98.56% of its industry peers.
DKL has a Return On Invested Capital (6.08%) which is comparable to the rest of the 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 21.28%.
The last Return On Invested Capital (6.08%) 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 | 5.99% | ||
| 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 69.71% 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 18.91%, DKL perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
DKL's Operating Margin has been stable in the last couple of years.
DKL has a worse Gross Margin (22.77%) than 64.42% of its industry peers.
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 | 18.91% | ||
| 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.
Compared to 1 year ago, DKL has an improved debt to assets ratio.
2.2 Solvency
A Debt/Equity ratio of 130.97 is on the high side and indicates that DKL has dependencies on debt financing.
DKL's Debt to Equity ratio of 130.97 is on the low side compared to the rest of the industry. DKL is outperformed by 91.83% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 130.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.73
WACC8.31%
2.3 Liquidity
DKL has a Current Ratio of 1.03. This is a normal value and indicates that DKL is financially healthy and should not expect problems in meeting its short term obligations.
DKL has a Current ratio (1.03) which is comparable to the rest of the industry.
A Quick Ratio of 0.98 indicates that DKL may have some problems paying its short term obligations.
The Quick ratio of DKL (0.98) is comparable to the rest of the industry.
| 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 9.57%, 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)9.57%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%19.72%
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 17.69% on average per year.
Based on estimates for the next years, DKL will show a small growth in Revenue. The Revenue will grow by 3.84% on average per year.
EPS Next Y19.45%
EPS Next 2Y24.47%
EPS Next 3Y17.69%
EPS Next 5YN/A
Revenue Next Year4.89%
Revenue Next 2Y7.68%
Revenue Next 3Y3.84%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.46 indicates a correct valuation of DKL.
DKL's Price/Earnings ratio is in line with the industry average.
DKL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.19.
The Price/Forward Earnings ratio is 10.31, which indicates a very decent valuation of DKL.
Based on the Price/Forward Earnings ratio, DKL is valued a bit cheaper than 75.00% 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 23.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.46 | ||
| Fwd PE | 10.31 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DKL is valued a bit more expensive than the industry average as 67.31% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.1 |
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.
DKL has a very decent profitability rating, which may justify a higher PE ratio.
DKL's earnings are expected to grow with 17.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.79
PEG (5Y)5.61
EPS Next 2Y24.47%
EPS Next 3Y17.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.04%, DKL is a good candidate for dividend investing.
DKL's Dividend Yield is rather good when compared to the industry average which is at 3.96. DKL pays more dividend than 88.94% of the companies in the same industry.
DKL's Dividend Yield is rather good when compared to the S&P500 average which is at 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.04% |
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 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
142.79% of the earnings are spent on dividend by DKL. This is not a sustainable payout ratio.
DKL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP142.79%
EPS Next 2Y24.47%
EPS Next 3Y17.69%
47.77
+1.02 (+2.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.81%
Inst Owner Change0%
Ins Owners0.84%
Ins Owner Change-0.05%
Market Cap2.55B
Revenue(TTM)967.42M
Net Income(TTM)164.47M
Analysts75
Price Target44.88 (-6.05%)
Short Float %3%
Short Ratio9.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.04% |
Yearly Dividend4.3
Dividend Growth(5Y)5.08%
DP142.79%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.9%
Min EPS beat(2)-15.16%
Max EPS beat(2)-12.64%
EPS beat(4)0
Avg EPS beat(4)-9.97%
Min EPS beat(4)-15.16%
Max EPS beat(4)-1.42%
EPS beat(8)1
Avg EPS beat(8)-12.91%
EPS beat(12)2
Avg EPS beat(12)-11.95%
EPS beat(16)2
Avg EPS beat(16)-12.39%
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%
PT rev (3m)0.57%
EPS NQ rev (1m)-3.84%
EPS NQ rev (3m)8.08%
EPS NY rev (1m)-1.27%
EPS NY rev (3m)-4.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)10.52%
Revenue NY rev (1m)-0.85%
Revenue NY rev (3m)-3.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.46 | ||
| Fwd PE | 10.31 | ||
| P/S | 2.64 | ||
| P/FCF | N/A | ||
| P/OCF | 10.48 | ||
| P/B | 146.22 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.1 |
EPS(TTM)3.09
EY6.47%
EPS(NY)4.63
Fwd EY9.7%
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)4.56
OCFY9.54%
SpS18.09
BVpS0.33
TBVpS-6.87
PEG (NY)0.79
PEG (5Y)5.61
Graham Number4.77
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
WACC8.31%
ROIC/WACC0.73
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)9.57%
EPS 3Y-7.6%
EPS 5Y2.76%
EPS Q2Q%19.72%
EPS Next Y19.45%
EPS Next 2Y24.47%
EPS Next 3Y17.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.78%
Revenue growth 3Y10.3%
Revenue growth 5Y10%
Sales Q2Q%22.05%
Revenue Next Year4.89%
Revenue Next 2Y7.68%
Revenue Next 3Y3.84%
Revenue Next 5YN/A
EBIT growth 1Y-20.62%
EBIT growth 3Y1.97%
EBIT growth 5Y9.92%
EBIT Next Year115.67%
EBIT Next 3Y34.84%
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.
What is the valuation status of DELEK LOGISTICS PARTNERS LP (DKL) stock?
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 valuation of DELEK LOGISTICS PARTNERS LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for DELEK LOGISTICS PARTNERS LP (DKL) is 15.46 and the Price/Book (PB) ratio is 146.22.
Is the dividend of DELEK LOGISTICS PARTNERS LP sustainable?
The dividend rating of DELEK LOGISTICS PARTNERS LP (DKL) is 8 / 10 and the dividend payout ratio is 142.79%.