DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:DKL - US24664T1034
44.84 USD
+0.3 (+0.67%)
44.84 USD
0 (0%)
Taking everything into account, DKL scores 5 out of 10 in our fundamental rating. DKL was compared to 209 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
In the past year DKL was profitable.
In the past year DKL had a positive cash flow from operations.
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
DKL has a Return On Assets of 5.99%. This is in the better half of the industry: DKL outperforms 71.29% of its industry peers.
The Return On Equity of DKL (941.35%) is better than 99.04% of its industry peers.
With a Return On Invested Capital value of 6.08%, DKL perfoms like the industry average, outperforming 54.07% 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 21.66%.
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 69.38% of the companies in the same industry.
In the last couple of years the Profit Margin of DKL has grown nicely.
The Operating Margin of DKL (18.91%) is comparable to the rest of the industry.
DKL's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 22.77%, DKL is doing worse than 64.11% of the companies in the same industry.
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
DKL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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.
The debt/assets ratio for DKL has been reduced compared to a year ago.
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 has a Debt to Equity ratio of 130.97. This is amonst the worse of the industry: DKL underperforms 93.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 130.97 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.72
WACC8.48%
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.
Looking at the Current ratio, with a value of 1.03, DKL is in line with its industry, outperforming 45.45% of the companies in the same industry.
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 (0.98) which 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
The Earnings Per Share has grown by an nice 11.35% over the past year.
DKL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.76% yearly.
Looking at the last year, DKL shows a decrease in Revenue. The Revenue has decreased by -1.78% in the last year.
The Revenue has been growing by 10.00% on average over the past years. This is quite good.
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.
The Revenue is expected to grow by 2.31% on average over the next years.
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
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
The Price/Earnings ratio is 14.28, which 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 25.45, DKL is valued a bit cheaper.
With a Price/Forward Earnings ratio of 10.12, the valuation of DKL can be described as very reasonable.
Based on the Price/Forward Earnings ratio, DKL is valued a bit cheaper than the industry average as 73.68% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, DKL is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.28 | ||
| Fwd PE | 10.12 |
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 67.46% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.75 |
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 17.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.52
PEG (5Y)5.18
EPS Next 2Y21.73%
EPS Next 3Y17.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.06%, DKL is a good candidate for dividend investing.
DKL's Dividend Yield is rather good when compared to the industry average which is at 5.91. DKL pays more dividend than 90.43% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, DKL pays a better dividend.
| 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
142.79% of the earnings are spent on dividend by DKL. 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%
44.84
+0.3 (+0.67%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.42%
Inst Owner Change-3.89%
Ins Owners0.84%
Ins Owner Change1.46%
Market Cap2.40B
Revenue(TTM)967.42M
Net Income(TTM)164.47M
Analysts75
Price Target44.88 (0.09%)
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 | 14.28 | ||
| Fwd PE | 10.12 | ||
| P/S | 2.48 | ||
| P/FCF | N/A | ||
| P/OCF | 9.83 | ||
| P/B | 137.2 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.75 |
EPS(TTM)3.14
EY7%
EPS(NY)4.43
Fwd EY9.88%
FCF(TTM)-0.92
FCFYN/A
OCF(TTM)4.56
OCFY10.17%
SpS18.1
BVpS0.33
TBVpS-6.88
PEG (NY)0.52
PEG (5Y)5.18
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
WACC8.48%
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 4 / 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%.