Delek Logistics Partners, LP (DKL) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E against the industry

Needs positive earnings and enough profitable companies in the industry.

EV/EBITDA against its history

Needs positive EBITDA and price history.

P/S above the industry

Delek Logistics Partners, LP's price-to-sales of 2.19 is above the Industrials median of 1.27 (book value is negative, so we use sales).

Trading above fair value

The share price of $53.99 is above our fair value estimate of $43.24.

Margin of safety under 20%

The price is 24.9% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew -0.7% a year over the last three fiscal years, short of the 10% we look for.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings growth not accelerating

Net income grew -5.2% over the last twelve months, against a 5-year average of 2.1% a year.

Growing faster than the industry

Revenue grew 35.5% over the last twelve months; the Industrials median is 19.9%.

Guidance unchanged

The latest outlook (2026 EBITDA, Aug 5, 2026) was maintained, so it neither adds nor takes away points.

Gross margin slipping

Gross margin was 16.6% over the last twelve months, against 22.8% a year earlier.

Return on equity

Needs positive equity and five years of results.

Return on invested capital

Needs operating income and invested capital.

Return on equity against the industry

Needs positive equity.

Earnings grew over 5 years

Net income grew 2.1% a year on average over the last five fiscal years.

Net margin below its 5-year average

Net margin was 11.9% over the last twelve months, against a 5-year average of 16.8%.

Net margin above the industry

Delek Logistics Partners, LP's net margin of 11.9% is above the Industrials median of 2.5%.

Debt level

Needs debt and equity figures.

Debt trend

Needs a balance sheet from five years ago with positive equity.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 22.2% of total debt.

Interest not well covered

Operating income covers interest expense 0.9 times; we look for at least 5.

Short-term assets don't cover short-term debts

Current assets are 0.85 times current liabilities.

Bankruptcy risk (Altman Z)

Needs market value, working capital and retained earnings.

Pays a dividend

Delek Logistics Partners, LP paid dividends worth 6.3% of the share price over the last twelve months.

Yield above Treasuries

The 6.3% yield is above the 4.4% on a 1-year Treasury.

Yield in the top quarter

The top quarter of US dividend payers yield 3.8% or more; Delek Logistics Partners, LP yields 6.3%.

Dividend stability

Fewer than five years of dividend history.

Earnings cover

Needs dividends paid and net income.

Cash-flow cover

Needs dividends paid and free cash flow.