(DK) Delek US Energy - NYSE
Sector: Energy | Industry: Oil & Gas Refining & Marketing | Exchange: NYSE (USA) | Market Cap: 2.894m USD | Total Return: 138.5% in 12m
Avg Turnover: 47.8M
Qual. Beats: 0
Rev. Trend: -96.5%
Qual. Beats: 1
Warnings
Interest Coverage Ratio 1.0 is critical
Altman Z'' -0.67 < 1.0 - financial distress zone
Tailwinds
Rs Leader, Tailwind, Confidence
Delek US Holdings, Inc. (DK) is an integrated downstream energy company operating primarily in the refining and logistics sectors. The company processes crude oil into gasoline, diesel, aviation fuel, and asphalt across four refineries in Texas, Arkansas, and Louisiana. Its logistics segment manages the gathering, transportation, and storage of crude oil and refined products through an extensive network of pipelines and storage tanks.
The refining industry is characterized by the crack spread, which represents the price differential between a barrel of crude oil and the petroleum products refined from it. As a downstream operator, Delek’s profitability is heavily influenced by regional crude oil differentials and the utilization rates of its physical assets. The company utilizes a mix of owned and third-party terminals to distribute products to a diverse client base, including utility companies, government agencies, and independent retail fuel operators.
Investors can evaluate the underlying asset value and historical performance trends of this company on ValueRay. Founded in 2001 and headquartered in Brentwood, Tennessee, Delek maintains a strategic footprint in the PADD 3 (Gulf Coast) and PADD 2 (Midwest) refining districts.
- Crack spreads and refining margins across PADD 3 and PADD 4 refineries
- Midstream logistics drop-down potential to Delek Logistics Partners LP
- Permian Basin crude oil price differentials relative to WTI benchmarks
- Cost of Renewable Identification Numbers and federal biofuel blending mandates
- Operational uptime and maintenance turnaround schedules at core refining facilities
| Net Income: -51.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 18.40 > 1.0 |
| NWC/Revenue: -7.89% < 20% (prev -3.32%; Δ -4.57% < -1%) |
| CFO/TA 0.14 > 3% & CFO 1.07b > Net Income -51.4m |
| Net Debt (2.70b) to EBITDA (708.6m): 3.81 < 3 |
| Current Ratio: 0.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (60.3m) vs 12m ago -3.00% < -2% |
| Gross Margin: 6.59% > 18% (prev -2.00%; Δ 8.60% > 0.5%) |
| Asset Turnover: 148.5% > 50% (prev 165.2%; Δ -16.61% > 0%) |
| Interest Coverage Ratio: 0.95 > 6 (EBIT TTM 308.8m / Interest Expense TTM 323.8m) |
| A: -0.11 (Total Current Assets 2.65b - Total Current Liabilities 3.49b) / Total Assets 7.57b |
| B: -0.07 (Retained Earnings -528.6m / Total Assets 7.57b) |
| C: 0.04 (EBIT TTM 308.8m / Avg Total Assets 7.23b) |
| D: 0.01 (Book Value of Equity 52.5m / Total Liabilities 7.27b) |
| Altman-Z'' = -0.67 = B |
| DSRI: 1.53 (Receivables 942.7m/653.9m, Revenue 10.7b/11.4b) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.94 (AQ_t 0.19 / AQ_t-1 0.20) |
| SGI: 0.94 (Revenue 10.7b / 11.4b) |
| TATA: -0.15 (NI -51.4m - CFO 1.07b) / TA 7.57b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of June 15, 2026, the stock is trading at USD 47.22 with a total of 861,829 shares traded.
Over the past week, the price has changed by -2.20%,
over one month by +7.61%,
over three months by +13.81% and
over the past year by +138.48%.
Delek US Energy has received a consensus analysts rating of 3.62. Therefore, it is recommended to hold DK.
- StrongBuy: 4
- Buy: 1
- Hold: 7
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 51.2 | 8.3% |
P/E Forward = 20.3252
P/S = 0.2696
P/B = 54.9487
P/EG = 0.3815
Revenue TTM = 10.7b USD
EBIT TTM = 308.8m USD
EBITDA TTM = 708.6m USD
Long Term Debt = 3.17b USD (from longTermDebt, last quarter)
Short Term Debt = 35.8m USD (from shortTermDebt, last quarter)
Debt = 3.32b USD (from shortLongTermDebtTotal, last quarter) + Leases 69.2m
Net Debt = 2.70b USD (calculated: Debt 3.32b - CCE 624.1m)
Enterprise Value = 5.59b USD (2.89b + Debt 3.32b - CCE 624.1m)
Interest Coverage Ratio = 0.95 (Ebit TTM 308.8m / Interest Expense TTM 323.8m)
EV/FCF = 11.55x (Enterprise Value 5.59b / FCF TTM 483.9m)
FCF Yield = 8.65% (FCF TTM 483.9m / Enterprise Value 5.59b)
FCF Margin = 4.51% (FCF TTM 483.9m / Revenue TTM 10.7b)
Net Margin = -0.48% (Net Income TTM -51.4m / Revenue TTM 10.7b)
Gross Margin = 6.59% ((Revenue TTM 10.7b - Cost of Revenue TTM 10.0b) / Revenue TTM)
Gross Margin QoQ = -2.66% (prev 9.83%)
Tobins Q-Ratio = 0.74 (Enterprise Value 5.59b / Total Assets 7.57b)
Interest Expense / Debt = 9.75% (Interest Expense 323.8m / Debt 3.32b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 244.0m (EBIT 308.8m * (1 - 21.00%))
Current Ratio = 0.76 (Total Current Assets 2.65b / Total Current Liabilities 3.49b)
Debt / Equity = 63.27 (Debt 3.32b / totalStockholderEquity, last quarter 52.5m)
Debt / EBITDA = 3.81 (Net Debt 2.70b / EBITDA 708.6m)
Debt / FCF = 5.57 (Net Debt 2.70b / FCF TTM 483.9m)
Total Stockholder Equity = 136.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.71% (Net Income -51.4m / Total Assets 7.57b)
RoE = -37.66% (Net Income TTM -51.4m / Total Stockholder Equity 136.5m)
RoCE = 9.33% (EBIT 308.8m / Capital Employed (Equity 136.5m + L.T.Debt 3.17b))
RoIC = 6.82% (NOPAT 244.0m / Invested Capital 3.57b)
WACC = 8.33% (E(2.89b)/V(6.22b) * Re(9.05%) + D(3.32b)/V(6.22b) * Rd(9.75%) * (1-Tc(0.21)))
Discount Rate = 9.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -2.68%
[DCF] Terminal Value 75.44% ; FCFF base≈483.9m ; Y1≈485.9m ; Y5≈514.7m
[DCF] Fair Price = 86.61 (EV 8.01b - Net Debt 2.70b = Equity 5.31b / Shares 61.3m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.71 | # QB: 0
Revenue Correlation: -96.45 | Revenue CAGR: -20.08% | SUE: 1.43 | # QB: 1
EPS current Quarter (2026-06-30): EPS=2.47 | Chg30d=+14.62% | Revisions=+27% | Analysts=9
EPS next Quarter (2026-09-30): EPS=1.85 | Chg30d=+5.05% | Revisions=+20% | Analysts=9
EPS current Year (2026-12-31): EPS=4.79 | Chg30d=+22.02% | Revisions=+40% | GrowthEPS=-27.5% | GrowthRev=+18.1%
EPS next Year (2027-12-31): EPS=2.36 | Chg30d=+39.47% | Revisions=-20% | GrowthEPS=-50.8% | GrowthRev=-6.3%
[Analyst] Revisions Ratio: +40%