DELEK LOGISTICS PARTNERS LP (DKL) Stock Fundamental Analysis
NYSE:DKL - New York Stock Exchange, Inc. - US24664T1034 - Currency: USD
Overall DKL gets a fundamental rating of 4 out of 10. We evaluated DKL 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 is valued expensive and it does not seem to be growing. 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.
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
The Return On Assets of DKL (6.61%) is comparable to the rest of the industry.
DKL has a Return On Invested Capital of 9.63%. This is in the better half of the industry: DKL outperforms 65.20% of its industry peers.
DKL had an Average Return On Invested Capital over the past 3 years of 13.78%. This is significantly below the industry average of 28.75%.
The last Return On Invested Capital (9.63%) for DKL is well below the 3 year average (13.78%), which needs to be investigated, but indicates that DKL had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.61% | ||
| ROE | N/A | ||
| ROIC | 9.63% |
ROA(3y)11.59%
ROA(5y)11.61%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.78%
ROIC(5y)14.13%
1.3 Margins
DKL has a Profit Margin (13.15%) which is comparable to the rest of the industry.
DKL's Profit Margin has improved in the last couple of years.
DKL has a Operating Margin (23.39%) which is in line with its industry peers.
In the last couple of years the Operating Margin of DKL has grown nicely.
DKL has a worse Gross Margin (27.32%) than 61.27% of its industry peers.
In the last couple of years the Gross Margin of DKL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.39% | ||
| PM (TTM) | 13.15% | ||
| GM | 27.32% |
OM growth 3Y-8.11%
OM growth 5Y4.6%
PM growth 3Y-20.84%
PM growth 5Y4.72%
GM growth 3Y-8.69%
GM growth 5Y3.88%
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.
Compared to 1 year ago, DKL has about the same amount of shares outstanding.
The number of shares outstanding for DKL has been increased compared to 5 years ago.
DKL has a worse debt/assets ratio than last year.
2.2 Solvency
DKL has a debt to FCF ratio of 12.87. This is a negative value and a sign of low solvency as DKL would need 12.87 years to pay back of all of its debts.
DKL's Debt to FCF ratio of 12.87 is in line compared to the rest of the industry. DKL outperforms 41.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 12.87 | ||
| Altman-Z | N/A |
ROIC/WACC1.06
WACC9.09%
2.3 Liquidity
DKL has a Current Ratio of 1.24. 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 of 1.24. This is comparable to the rest of the industry: DKL outperforms 48.53% of its industry peers.
DKL has a Quick Ratio of 1.17. 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 Quick ratio (1.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.17 |
3. Growth
3.1 Past
The earnings per share for DKL have decreased strongly by -16.32% in the last year.
DKL shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 1.90% yearly.
DKL shows a decrease in Revenue. In the last year, the revenue decreased by -4.87%.
DKL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.18% yearly.
EPS 1Y (TTM)-16.32%
EPS 3Y-11.19%
EPS 5Y1.9%
EPS Q2Q%-11.25%
Revenue 1Y (TTM)-4.87%
Revenue growth 3Y21.9%
Revenue growth 5Y9.18%
Sales Q2Q%-22.39%
3.2 Future
Based on estimates for the next years, DKL will show a small growth in Earnings Per Share. The EPS will grow by 0.53% on average per year.
The Revenue is expected to decrease by -0.67% on average over the next years.
EPS Next Y-36.96%
EPS Next 2Y-11.95%
EPS Next 3Y0.53%
EPS Next 5YN/A
Revenue Next Year-4.93%
Revenue Next 2Y-0.09%
Revenue Next 3Y-2.1%
Revenue Next 5Y-0.67%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 14.19 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 rather cheap valuation when compared to the S&P500 average which is at 29.63.
The Price/Forward Earnings ratio is 17.80, which indicates a rather expensive current valuation of DKL.
DKL's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.68, DKL is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.19 | ||
| Fwd PE | 17.8 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DKL is valued a bit more expensive than the industry average as 62.25% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DKL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.99 | ||
| EV/EBITDA | 11.98 |
4.3 Compensation for Growth
The decent profitability rating of DKL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)7.48
EPS Next 2Y-11.95%
EPS Next 3Y0.53%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 10.93%, DKL is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.67, DKL pays a better dividend. On top of this DKL pays more dividend than 89.71% of the companies listed in the same industry.
DKL's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.93% |
5.2 History
The dividend of DKL is nicely growing with an annual growth rate of 6.33%!
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)6.33%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
DKL pays out 149.55% of its income as dividend. This is not a sustainable payout ratio.
DKL's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP149.55%
EPS Next 2Y-11.95%
EPS Next 3Y0.53%
40.02
-0.43 (-1.06%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners22.31%
Inst Owner Change55.2%
Ins Owners0.8%
Ins Owner Change0%
Market Cap2.06B
Analysts77.5
Price Target45.65 (14.07%)
Short Float %7.36%
Short Ratio7.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.93% |
Yearly Dividend4.13
Dividend Growth(5Y)6.33%
DP149.55%
Div Incr Years11
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.71%
Min EPS beat(2)-16.08%
Max EPS beat(2)4.66%
EPS beat(4)1
Avg EPS beat(4)-15.84%
Min EPS beat(4)-42.98%
Max EPS beat(4)4.66%
EPS beat(8)2
Avg EPS beat(8)-12.94%
EPS beat(12)2
Avg EPS beat(12)-13.19%
EPS beat(16)2
Avg EPS beat(16)-11.4%
Revenue beat(2)1
Avg Revenue beat(2)-9.11%
Min Revenue beat(2)-19.73%
Max Revenue beat(2)1.5%
Revenue beat(4)1
Avg Revenue beat(4)-7.84%
Min Revenue beat(4)-19.73%
Max Revenue beat(4)1.5%
Revenue beat(8)2
Avg Revenue beat(8)-7.67%
Revenue beat(12)5
Avg Revenue beat(12)-1.95%
Revenue beat(16)9
Avg Revenue beat(16)3.27%
PT rev (1m)1.14%
PT rev (3m)2.91%
EPS NQ rev (1m)-7.79%
EPS NQ rev (3m)-7.45%
EPS NY rev (1m)-1.45%
EPS NY rev (3m)-18.52%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.49%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.19 | ||
| Fwd PE | 17.8 | ||
| P/S | 2.09 | ||
| P/FCF | 13.99 | ||
| P/OCF | 7.6 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.98 |
EPS(TTM)2.82
EY7.05%
EPS(NY)2.25
Fwd EY5.62%
FCF(TTM)2.86
FCFY7.15%
OCF(TTM)5.27
OCFY13.16%
SpS19.14
BVpS-0.88
TBVpS-6.69
PEG (NY)N/A
PEG (5Y)7.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.61% | ||
| ROE | N/A | ||
| ROCE | 12.18% | ||
| ROIC | 9.63% | ||
| ROICexc | 9.66% | ||
| ROICexgc | 11.49% | ||
| OM | 23.39% | ||
| PM (TTM) | 13.15% | ||
| GM | 27.32% | ||
| FCFM | 14.95% |
ROA(3y)11.59%
ROA(5y)11.61%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.78%
ROIC(5y)14.13%
ROICexc(3y)13.83%
ROICexc(5y)14.2%
ROICexgc(3y)17.79%
ROICexgc(5y)18%
ROCE(3y)17.44%
ROCE(5y)17.88%
ROICexcg growth 3Y-3.97%
ROICexcg growth 5Y-7.43%
ROICexc growth 3Y-5.69%
ROICexc growth 5Y-6.04%
OM growth 3Y-8.11%
OM growth 5Y4.6%
PM growth 3Y-20.84%
PM growth 5Y4.72%
GM growth 3Y-8.69%
GM growth 5Y3.88%
F-Score5
Asset Turnover0.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 12.87 | ||
| Debt/EBITDA | 5.72 | ||
| Cap/Depr | 122.83% | ||
| Cap/Sales | 12.58% | ||
| Interest Coverage | 1.62 | ||
| Cash Conversion | 81.84% | ||
| Profit Quality | 113.65% | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.17 | ||
| Altman-Z | N/A |
F-Score5
WACC9.09%
ROIC/WACC1.06
Cap/Depr(3y)119.24%
Cap/Depr(5y)83.12%
Cap/Sales(3y)9.14%
Cap/Sales(5y)6.27%
Profit Quality(3y)93.34%
Profit Quality(5y)119.67%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.32%
EPS 3Y-11.19%
EPS 5Y1.9%
EPS Q2Q%-11.25%
EPS Next Y-36.96%
EPS Next 2Y-11.95%
EPS Next 3Y0.53%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.87%
Revenue growth 3Y21.9%
Revenue growth 5Y9.18%
Sales Q2Q%-22.39%
Revenue Next Year-4.93%
Revenue Next 2Y-0.09%
Revenue Next 3Y-2.1%
Revenue Next 5Y-0.67%
EBIT growth 1Y-6.75%
EBIT growth 3Y12.01%
EBIT growth 5Y14.2%
EBIT Next Year60.97%
EBIT Next 3Y26.97%
EBIT Next 5Y19.24%
FCF growth 1Y-42.92%
FCF growth 3Y-11.4%
FCF growth 5YN/A
OCF growth 1Y-22.61%
OCF growth 3Y5.3%
OCF growth 5Y8.05%