Delek US Holdings, Inc.

Delek US Holdings, Inc.

DKยทNYSE

$47.17

-0.011%
EnergyOil & Gas Refining & Marketing

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal. It owns and operates four independent refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as three biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products for third parties. It owns or leases capacity on approximately 400 miles of crude oil transportation pipelines, approximately 450 miles of refined product pipelines, an approximately 900-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 10.2 million barrels of active shell capacity; and owns and operates ten light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases 248 convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, the U.S. government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

At a Glance

Live Snapshot
Market Cap$2.89B
EPS-0.3800
P/E Ratio-124.14
Earnings Date08/05/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -124.1).

Valuation inputs: P/E -124.1, earnings yield N/A, momentum -0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -8.0%, ROIC +9.1%).

Profitability stack: net margin -0.2%, ROE -8.0%, ROIC +9.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile is elevated and scenario stress-testing is essential.

Risk factors: liabilities/assets +92.0%, momentum -0.0%, net margin -0.2%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

dk

Delek US Holdings, Inc. Market vs Earnings Trajectory

DK ยท NYSE

Loading price and EPS data...

Delek US Holdings, Inc.

Delek US Holdings, Inc. Fair Value Envelope

DK ยท NYSE

Our analysis suggests that DK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $47.175, this represents a potential HIDDEN relative to our calculated worth for Delek US Holdings, Inc..

Intrinsic Value
Current Price: $47.175
3Y-110.0%
5Y-95.0%
10Y-85.0%
3Y-46.0%
5Y+47.0%
10Y+155.0%
3Y-109.0%
5Y-96.0%
10Y-85.0%
3Y+30.0%
5Y-295.0%
10Y+106.0%
3Y-84.0%
5Y-104.0%
10Y-90.0%
3Y-16.0%
5Y+12.0%
10Y+129.0%
Delek US Holdings, Inc.

Delek US Holdings, Inc. Profit Bridge

DK ยท NYSE
Revenue10.72B
Cost of Goods Sold (10.15B)
Gross Profit568.30M
Operating Expenses (172.40M)
Operating Income395.90M
Interest Expense (345.30M)
Other Income/Expense-357.00M
Pretax Income38.90M
Income Tax (-6.80M)
Net Income-22.80M
Net Income
-22.80M

Profitability Analysis

Gross Margin

5.3%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

3.7%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

-0.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Effective Tax Rate

-17.5%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Non-operating losses: Core business is profitable but other expenses (interest, taxes, one-time items) are driving net losses. Review capital structure and non-operating items.

5.30%
Gross Profit Margin
-1025%
3Y+42.0%
5Y-235.0%
10Y+64.0%
3.69%
Operating Profit Margin
-189%
3Y+60.0%
5Y-137.0%
10Y-415.0%
-0.21%
Net Profit Margin
-96%
3Y-116.0%
5Y-97.0%
10Y-94.0%
-7.96%
Return on Equity
-96%
3Y-129.0%
5Y-87.0%
10Y-49.0%
-0.33%
Return on Assets
-96%
3Y-111.0%
5Y-97.0%
10Y-94.0%
9.09%
Return on Invested Capital
-192%
3Y+26.0%
5Y-172.0%
10Y-800.0%
DK

Delek US Holdings, Inc. Cash Conversion Engine

DK ยท NYSE
Net Income-20.40M
Depreciation & Amortization397.80M
Stock-Based Compensation0.00
Change in Working Capital-14.60M
Others199.20M
Capital Expenditures-529.50M
Free Cash Flow22.00M

Cash Flow Quality Analysis

FCF Conversion Rate

-107.8%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

96.0%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+104.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$14.60M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

dk

Delek US Holdings, Inc. Funding & Solvency Profile

DK ยท NYSE
Cash & Cash Equivalents624.10M
Net Receivables942.70M
Inventory931.00M
Other Current Assets149.90M
Total Current Assets3 B
Property, Plant & Equipment3.48B
Goodwill & Intangible Assets879.50M
Long-Term Investments424.40M
Other Non-Current Assets137.00M
Total Non-Current Assets4 B
Total Assets
7.57B

Financial Health Analysis

Current Ratio

0.76x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

24.07x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-846900000

Negative working capital indicates short-term liabilities exceed short-term assetsโ€”potential liquidity stress.

Asset Composition

35% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

dk

Delek US Holdings, Inc. Street Expectations Map

DK ยท NYSE

Wall Street analysts project that DK stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 46.33, with estimates ranging from a low of 34.00 to a high of 60.00.

Lowest Target
34.00
-27.93%
Consensus Target
46.33
-1.79%
Highest Target
60.00
27.19%

The consensus 1-year price target stands at 46.33, with estimates ranging from a low of 34.00 to a high of 60.00.

Analyst Consensus Analysis

Upside Potential

-1.8%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

56.1% spread

Mixed analyst views. Wide target range suggests differing opinions on key value drivers, growth prospects, or risk factors.

Risk-Reward Profile

0.97x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

dk

Delek US Holdings, Inc. Insider Positioning

DK ยท NYSE

During the last 12 months, insiders have sold $12.26M worth of DK shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

114.2K

5.19M

Net Activity

-5.2M

-$5.19M

3-6 Months

Bought

0

0.00

Sold

80.3K

3.45M

Net Activity

-3.4M

-$3.45M

6-9 Months

Bought

0

0.00

Sold

84.2K

3.40M

Net Activity

-3.4M

-$3.40M

9-12 Months

Bought

0

0.00

Sold

7.8K

225.43K

Net Activity

-225K

-$225K

Top Buyers

No buying activity

Top Sellers

1
YEU

Yemin Ezra Uzi

Director

160.8K sharesโ€ข9 transactions

$6.95M

2
WRG

Wright Robert G.

Officer: Evp

25.8K sharesโ€ข4 transactions

$1.04M

3
IJ

Israel Joseph

Officer: Evp

24.4K sharesโ€ข2 transactions

$1.00M

4
SR

Spiegel Reuven

Officer: Evp, Special Projects

20.7K sharesโ€ข3 transactions

$873K

5
SA

Soreq Avigal

Director, Officer: President & Ceo

13.8K sharesโ€ข1 transactions

$574K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $12.26M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$5.19M

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.

0.57%
Dividend Yield
-33%
3Y-40.0%
5Y-
10Y-51.0%
ย 

dk Dividend History

DK
10Y CAGR +10%
Latest $0.255
Annual $1.275
5 year growth trend
Last Period: +0%