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%)
We assign a fundamental rating of 5 out of 10 to DKL. DKL was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. DKL has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
Each year in the past 5 years DKL has been profitable.
Each year in the past 5 years DKL had a positive operating cash flow.
1.2 Ratios
DKL has a Return On Assets of 5.99%. This is in the better half of the industry: DKL outperforms 71.43% of its industry peers.
DKL has a better Return On Equity (941.35%) than 99.05% of its industry peers.
DKL has a Return On Invested Capital (6.08%) which is in line with its industry peers.
DKL had an Average Return On Invested Capital over the past 3 years of 10.52%. This is significantly below the industry average of 21.41%.
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
The Profit Margin of DKL (17.00%) is better than 69.52% of its industry peers.
In the last couple of years the Profit Margin of DKL has grown nicely.
DKL's Operating Margin of 18.91% is in line compared 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 worse Gross Margin (22.77%) than 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.
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
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
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.
Looking at the Quick ratio, with a value of 0.98, DKL is in line with its industry, outperforming 50.95% of the companies in the same 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 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.
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
The Earnings Per Share is expected to grow by 17.15% on average over the next years. This is quite good.
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.
Compared to an average S&P500 Price/Earnings ratio of 26.15, DKL is valued a bit cheaper.
The Price/Forward Earnings ratio is 10.46, which indicates a very decent valuation of DKL.
Based on the Price/Forward Earnings ratio, DKL is valued a bit cheaper than 71.90% 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
Based on the Enterprise Value to EBITDA ratio, DKL is valued a bit more expensive than 67.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.02 |
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.
A more expensive valuation may be justified as DKL's earnings are expected to grow with 17.15% in the coming years.
PEG (NY)0.54
PEG (5Y)5.35
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.
Compared to an average industry Dividend Yield of 5.88, DKL pays a better dividend. On top of this DKL pays more dividend than 90.48% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, 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
DKL pays out 142.79% 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.
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 | 16.02 |
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%.