QualityDipStocks / Energy · Natural Gas Distribution
Delek Logistics Partners L.P. Common Units representing Limited Partner Interests DKL
Outside our quality screen, so we don’t track its dips. It’s 9% below its 52-week high.
Outside our quality screen, trading well above our fair value estimate.
- Fair value est.
- $39.87−28%
- Market Value
- $55.74price −1%
- Off 52-wk high
- −9%
- Risk vs market
- Lowbeta −0.06
2 bullish · 5 bearish See why
Repriced or dip?
Near its high
The price is 9% below its 52-week high (Jul 31), but the business held up: revenue +13.0%, revenue growth rate +17.3 pts, free cash flow +16.2%.
Some numbers held up (revenue +13.0%, revenue growth rate +17.3 pts, free cash flow +16.2%), others slipped (earnings per share −9.3%). The price is 9% below its 52-week high.
The price is 9% below its 52-week high, and the business changed too: earnings per share −9.3%.
Within 10% of its 52-week high, so there is no dip to judge yet.
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the high ($60.31, Jul 31) the price assumed about 13%/yr free-cash-flow growth; today about 9%. The last 3 years delivered −1%/yr (revenue).
Dashed line: what the last 3 years delivered, −1%/yr (revenue)
| High | Low | Now | |
|---|---|---|---|
| Price | $60.31Jul 31 | $44.06Dec 18 | $55.14 |
| Implied growth | +13% | n/a | +9% |
| P/E | 18.9× | 14.3× | 19.0× |
| P/FCF | 27.9× | — | 21.9× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 3.0% ±2 points. Bear = 10.5% and 1.0%; bull = 8.5% and 5.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price is above even the bull case.
Cyclical / peak cash flow — treat with care
What the price implies To be worth today’s price, DKL’s free cash flow would need to grow about 9% a year for five years; our estimate uses 3%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much DKL moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.4× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- -0.06
- Volatility
- 30% vs 13% SPY
- Correlation SPY
- −0.03
- Correlation QQQ
- −0.07
How it ranks
Where DKL stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 5 measures
- Discount to fair value estimate28% · price above our base caseLowest 29%of 1,314
- Free cash flow yield4.6% · free cash flow vs market capTop 44%of 1,391
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 1,836
- Revenue growth, last 12 months+30% · vs the 12 months beforeTop 15%of 1,814
- Operating margin15% · of sales kept as operating profitTop 40%of 1,288
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $39.87 · MV $55.74
Cyclical / peak cash flow — treat with care
Assumes 3.0% growth for 5 years (revenue grew -0.7% a year FY22–FY25; floored at 3%), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $2.52 a share (trailing 12 months to Jun 30, 2026), from the 10-Q filed Aug 5, 2026. Net debt $2.4B, not deducted.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 2 of 5
GrowthSales grew 30% to $1.2B over the last 12 months vs the 12 months before (SEC filings).
ValuationFree-cash-flow yield of 4.6% (price / FCF 21.9×): $134M of free cash in the last 12 months.
Top bearish points 5 of 5
ValuationOur DCF fair value estimate is $39.87, 28% below the price.
Balance sheetOperating income covers interest only 0.8× over the last 12 months.
ProfitabilityGross margin narrowed to 21.2% in FY2025 from 27.9% in FY2023 (SEC filings).
ProfitabilityOperating margin narrowed to 17.9% in FY2025 from 23.4% in FY2023 (SEC filings).
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 7.6× EBITDA (limit 3×).
All fundamentals
P/E 19.0 · FCF yield 4.6% · Sales +30%
Valuation
- P/E
- 19.0×Energy median 15.9×
- Price / FCF
- 21.9×
- FCF yield
- 4.6%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.45×
- Price / book
- n/anot reported in its SEC filings
- Market cap
- $2.9Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- $1.2B
- Sales growth, 12 months
- +30.3%vs the 12 months before
- Sales growth, 3 yrs
- −0.7%/yrfrom FY2022
- Diluted EPS, 12 months
- n/anot reported in its SEC filings
- EPS growth, last FY
- n/afewer than two years of diluted EPS
- Net income, 12 months
- $154M
- Net income growth
- +1%12 months vs before
Profitability
- Gross margin
- 17.6%
- Operating margin
- 15.3%
- Net margin
- 12.8%
- FCF margin
- 11.2%
- Return on equity
- n/anot reported in its SEC filings
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- n/anot reported in its SEC filings
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- 0.8×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- $134M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- $0
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Jun 30, 2026. From Delek Logistics Partners L.P. Common Units representing Limited Partner Interests’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-0.1B · Sales +56%
- Free cash flow, 12 months−$0.1B
- Free-cash-flow yield4.6%
- Free-cash-flow margin−9%
- Gross margin29%
- Operating margin16%
- Return on invested capital7%
- Sales growth (latest quarter vs year-ago quarter)+56%
- Net debt / EBITDA7.6×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $55.14
- Fair value est.base case$39.87−27.7%
- 52-wk lowlowest close, 1 year$44.06−20.1%
- PriceMon Nov 2 close$55.14you are here
- Market Valueavg paid since Aug 14$55.74+1.1%
- 52-wk highhighest close, 1 year$60.31+9.4%
Momentum & 52-week range
RSI 42 · 5 days −3.9%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 6
- DateFri Nov 6, before the open
- Consensus EPS$1.38
- Year-ago EPS$0.85
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
DKL is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Delek Logistics Partners L.P. Common Units representing Limited Partner Interests in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Natural Gas Distribution
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.