Professional
Added to YB: 2023-04-27
Pitch date: 2023-04-27
DK [bullish]
Delek US Holdings, Inc.
+80.25%
current return
Author Info
No bio for this author
Company Info
Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in two segments: Refining and Logistics.
Market Cap
$1.8B
Pitch Price
$18.98
Price Target
N/A
Dividend
3.43%
EV/EBITDA
22.30
P/E
-2.15
EV/Sales
0.46
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Maran Partners new position: Delek Holdings (DK)
DK: Refiner & gas station owner at stub value of $100M, with DKL stake worth $1.65B alone. Gas stations could fetch $300-400M, refineries $1.5-2B+. Mgmt focused on unlocking SOTP discount via DKL deconsolidation & asset sales + buybacks. Risks: mgmt turnover, capital allocation. DKL dividend to DK = $2/sh.
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