Added to YB: 2024-07-05
Pitch date: 2024-07-03
DK [bullish]
Delek US Holdings, Inc.
+50.09%
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
$1.8B
Pitch Price
$22.64
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
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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