Added to YB: 2024-07-05
Pitch date: 2024-07-03
DK [bullish]
Delek US Holdings, Inc.
+101.39%
current return
Author Info
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
$2.6B
Pitch Price
$22.49
Price Target
N/A
Dividend
2.36%
EV/EBITDA
5.94
P/E
-127.00
EV/Sales
0.54
Sector
Oil, Gas and Consumable Fuels
Category
value
Reiterating 'Buy' On These Picks - Delek US Holdings, Inc.
DK: Refiner w/ 72% stake in DKL MLP worth $1.37B vs $1.6B mkt cap. Non-logistics EV ~$350M, <1x TTM EBITDA ($437M). Retail biz ($47M EBITDA) covers EV at 7.4x vs peers 12x. Refining ($390M EBITDA) 'free'. Risks: slow mgmt, operational issues. Catalysts: DKL deconsolidation, retail sale. Mid-cycle EBITDA $750-800M, <5x EV/EBITDA.
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