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Delek Logistics Partners LP
NYSE:DKL

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Delek Logistics Partners LP Logo
Delek Logistics Partners LP
NYSE:DKL
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Price: 40.99 USD 0.12% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. [ Read More ]

The intrinsic value of one DKL stock under the Base Case scenario is 54.53 USD. Compared to the current market price of 40.99 USD, Delek Logistics Partners LP is Undervalued by 25%.

Key Points:
DKL Intrinsic Value
Base Case
54.53 USD
Undervaluation 25%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Delek Logistics Partners LP

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Fundamental Analysis

Solid Q4 Earnings and Optimistic 2024 Outlook
2023-Q4 Earnings Call

Solid Q4 Earnings and Optimistic 2024 Outlook

In Q4 2023, the company's adjusted EBITDA increased to $100.9 million, up from $92.5 million in Q4 2022. A goodwill impairment of $14.8 million was recognized due to rising interest rates. Distributable cash flow reached $65 million with a coverage ratio of 1.4%. Key segment EBITDA grew, with Gathering and Processing up to $53.3 million, Wholesale Marketing and Terminalling at $28.4 million, and Storage and Transportation at $17.5 million. The firm expects 2024's capital program to be about $70 million, including $20 million for sustaining and regulatory capital and $50 million for growth. The Board approved the 44th consecutive distribution increase to $1.055 per unit. Optimistic about the company's constant improvement, management is focusing on enhancing business opportunities and expects continued growth.

Financials

Balance Sheet Decomposition
Delek Logistics Partners LP

Current Assets 76.3m
Cash & Short-Term Investments 3.8m
Receivables 69.6m
Other Current Assets 2.9m
Non-Current Assets 1.6B
Long-Term Investments 241.3m
PP&E 955.2m
Intangibles 355.2m
Other Non-Current Assets 14.2m
Current Liabilities 90.6m
Accounts Payable 26.3m
Accrued Liabilities 34.3m
Other Current Liabilities 30m
Non-Current Liabilities 1.7B
Long-Term Debt 1.7B
Other Non-Current Liabilities 39.7m
Efficiency

Earnings Waterfall
Delek Logistics Partners LP

Revenue
1B USD
Cost of Revenue
-735.4m USD
Gross Profit
285m USD
Operating Expenses
-32.4m USD
Operating Income
252.5m USD
Other Expenses
-126.3m USD
Net Income
126.2m USD

Free Cash Flow Analysis
Delek Logistics Partners LP

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
What is Free Cash Flow?
Fundamental Scores

DKL Profitability Score
Profitability Due Diligence

Delek Logistics Partners LP's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Exceptional 3-Years Revenue Growth
Positive Gross Profit
Positive Operating Income
52/100
Profitability
Score

Delek Logistics Partners LP's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

DKL Solvency Score
Solvency Due Diligence

Delek Logistics Partners LP's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
35/100
Solvency
Score

Delek Logistics Partners LP's solvency score is 35/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

DKL Price Targets Summary
Delek Logistics Partners LP

Wall Street analysts forecast DKL stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for DKL is 47.94 USD with a low forecast of 47.47 USD and a high forecast of 49.35 USD.

Lowest
Price Target
47.47 USD
16% Upside
Average
Price Target
47.94 USD
17% Upside
Highest
Price Target
49.35 USD
20% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

DKL Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

DKL Price
Delek Logistics Partners LP

1M 1M
-6%
6M 6M
-2%
1Y 1Y
-15%
3Y 3Y
+36%
5Y 5Y
+93%
10Y 10Y
+179%
Annual Price Range
40.99
52w Low
36.56
52w High
57.82
Price Metrics
Average Annual Return 20.79%
Standard Deviation of Annual Returns 20.71%
Max Drawdown -83%
Shares Statistics
Market Capitalization 1.8B USD
Shares Outstanding 47 201 200
Percentage of Shares Shorted 0.14%

DKL Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Delek Logistics Partners LP Logo
Delek Logistics Partners LP

Country

United States of America

Industry

Energy

Market Cap

1.8B USD

Dividend Yield

10.31%

Description

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The company is headquartered in Brentwood, Tennessee and currently employs 0 full-time employees. The company went IPO on 2012-11-02. The firm operates through two segments: pipelines and transportation and wholesale marketing and terminalling. Its pipelines and transportation segment consist of pipelines, tanks, offloading facilities, trucks and ancillary assets, which provide crude oil gathering and crude oil, intermediate and refined products transportation and storage services primarily in support of Delek US Holdings, Inc. (Delek Holdings) refining operations in Tyler, Texas, El Dorado, Arkansas and Big Spring, Texas. Its wholesale marketing and terminalling segment consist of refined products terminals and pipelines in Texas, Tennessee, Arkansas and Oklahoma. This segment provides marketing services for the refined products output of the Tyler and Big Spring refineries, which engage in wholesale activity at its terminals in West Texas and at terminals owned by third parties.

Contact

TENNESSEE
Brentwood
7102 Commerce Way
+16157716701.0
https://www.deleklogistics.com/

IPO

2012-11-02

Employees

-

Officers

Executive Chairman of Delek Logistics GP LLC
Mr. Ezra Uzi Yemin
President, CEO & Director of Delek Logistics GP, LLC
Mr. Avigal Soreq
Executive VP, CFO & Director of Delek Logistics GP LLC
Mr. Reuven Avraham Spiegel
Executive VP, General Counsel & Secretary of Delek Logistics GP LLC
Ms. Denise Clark McWatters
Senior Vice President of Delek Logistics GP LLC
Mr. Odely Sakazi
Executive Vice President of Operations
Mr. Joseph Israel
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Senior VP & Chief Accounting Officer of Delek Logistics GP, LLC
Mr. Robert Wright
Vice President of Investor Relations & Market Intelligence of Delek Logistics GP, LLC
Ms. Rosy Zuklic
Vice President of Public Affairs & ESG
Mr. Michael P. Ralsky
Executive Vice President of Delek Logistics GP LLC
Mr. Jared Paul Serff
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See Also

Discover More
What is the Intrinsic Value of one DKL stock?

The intrinsic value of one DKL stock under the Base Case scenario is 54.53 USD.

Is DKL stock undervalued or overvalued?

Compared to the current market price of 40.99 USD, Delek Logistics Partners LP is Undervalued by 25%.