Delek Logistics Partners LP
NYSE:DKL
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%.
Valuation Backtest
Delek Logistics Partners LP
Run backtest to discover the historical profit from buying and selling DKL stocks based on their intrinsic value.
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Fundamental Analysis
Solid Q4 Earnings and Optimistic 2024 Outlook
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
DKL Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
DKL Price
Delek Logistics Partners LP
Average Annual Return | 20.79% |
Standard Deviation of Annual Returns | 20.71% |
Max Drawdown | -83% |
Market Capitalization | 1.8B USD |
Shares Outstanding | 47 201 200 |
Percentage of Shares Shorted | 0.14% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.