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Fundamental analysis: Delek Logistics Partners, LP (DKL)

Awarener score: 7.4

Conclusion

Note: All scores range from 1 (worst) to 10 (best). Conclusions are updated daily with closing stock prices and new reported quarterly financial statements.

Revenue score: 5.5

• Business has been growing at a good pace. It's been similar to peer companies.
• Delek Logistics Partners, LP business shows some variation, there's some risk. It looks slightly worse than rivals.

Margins score: 8.3

• DKL profit margins -on goods and services sold- are usually hardly sufficient. They stand mediocre against rival companies.
• Business profit on sales tends to be huge. It's encouraging in relation to competitors.
• Profits on sales made -available to repay debt and purchase properties- are usually very good. They remain rather normal in relation to peers.
• Earnings -before income taxes and interests on loans taken- tend to be excellent in relation to total revenues. They're still well ranked against similar companies.
• Profits -before income taxes- are usually excellent considering total sales, and remain more than average in relation to rivals.
• Total net profit tends to be excellent when confronted to sales. Company stands great when measured against comparable firms.

Growth score: 5.4

• Delek Logistics Partners, LP profit -on goods and services sold- has been growing at a normal pace. It's been close to average when compared to competitors.
• In recent years, earnings -on operations- have been growing at a low step, which has been slightly worse than comparable firms.
• Profits -available to repay debt and purchase properties- have been growing at a normal pace, which compares below average when measured against peer enterprises.
• Earnings -before income taxes and interests on loans taken- have been growing at a normal tempo. It turns to be close to average when compared to similar stocks.
• In past years, profits -before income taxes- grew at a normal speed. It was slightly worse than rivals.
• In the previous years, growth on total net profit has been average, and almost average when measured against peer companies.
• Earnings per share have been almost stagnant in past years. It's been in a weak position compared to industry peers.

Miscellaneous score: 9.0

• DKL managed to pay no income taxes on profits made in the past years, sometimes even got a credit. It's been slightly better than peers.
• The company does not report R&D expenses. It's meaningless to measure in relation to competitors.
• We have insufficient data to estimate how effective is research and development effort. It stands unknown against rival companies.

Profitability score: 10.0

• Delek Logistics Partners, LP usually gets huge returns on the resources it controls. It proves great when measured against peer firms.
• Due to insufficient track history, we were unable to estimate typical returns on invested capital (ROIC). They remain undisclosed in relation to similar companies.
• Normal return on equity (ROE) is unavailable at this time, because of not enough yearly inputs to calculate. It ranks unknown against competitors.
• In the past, got huge returns -on the tangible resources it controls-. This metric is usually related to the industry in which operates and combines profitability versus reinvestment needs. It's great when measured against comparable enterprises.

Usage of Funds score: 4.8

• DKL usually uses a significant portion of genuine funds generated to buy or replace property, plant, or equipment. The need for reinvestments is abundant. It stands great when measured against rival firms.
• The company is usually investing in new property, plant, and equipment, to improve its operating capabilities, which is similar to industry peers.
• In the past twelve months it paid excellent dividends, considering the current stock price. It came slightly better than competitors.
• In recent years, has greatly cut back dividend payments. It could be enduring difficult times. The company has behaved lacking compared to similar firms.
• The company pays more dividends than genuine funds is usually able to generate, therefore borrowing more funds. Future payments may be at risk, especially if a downturn in business occurs. Sustainability looks mediocre against comparable companies.
• The company has significantly enlarged the pool of investors in previous years, resulting in more mouths feeding on the pie of profits. It remains in a very weak position compared to peer enterprises.
• We are not sure on the effectiveness of the company when repurchasing shares, as there were not enough numbers to crunch. It stands unidentified against rivals.
• We do not have sufficient data to comment on buybacks and their sustainability. It still looks dubious against competitors.

Balance Sheet score: 5.0

• Delek Logistics Partners, LP has not disclosed intangibles assets, so we could not reach a meaningful conclusion on this metric. It happens to be a not known variable when measured with peer companies.
• The company has lower short-term resources than short-term obligations. Unless it's part of the business model, there might be liquidity concerns. It turns to be in a very weak position compared to similar firms.
• Most resources controlled were provided for with financial debt. Creditors have more claims on the company than shareholders. Unless the company is a financial institution that takes deposits, the situation might be very risky. It remains bottom tier against rival firms.
• Most controlled resources take time to be turned into cash and equivalents, which is somewhat risky. It looks substantially worse when measured against rivals.
• For every dollar of short-term obligations, the company has less than a dollar of cash and short-term receivables. It's lacking compared to peer firms.
• For every dollar of short-term obligations, the company has very few cents of cash and equivalents, which is somewhat worse than similar enterprises.
• Usually, sales are on less than a month credit. It still ranks encouraging in relation to peers.
• Normally has approximately only a couple of weekly sales worth in inventory. It comes up as in good shape compared to competitors.
• On average, it takes close to one month from the purchase to charging customers. It happens to be somewhat better than peers.
• On average pays suppliers before a month since the purchase. It ranks similar to industry peers.
• The company charges its customers before it must pay its suppliers, so the more it sales, the more free funds it gets. It's in good shape compared to similar companies.
• Usual business earnings are mostly consumed by net interest expenses. Creditors may be earning money by assuming risks, but stockholders not so much. Profitability must increase, lest the firm risks only working for creditors' benefit. It stands slightly better than rival firms.
• Business earnings have usually been very low when measured against loans taken. Even significantly cutting back reinvesting in the business, it could take more than ten years to repay the obligations with current profitability. It ranks below average when measured against comparable enterprises.
• Revenues are low in relation to property, plant, and equipment required to operate. This metric is likely dependent on the industry the company operates in. The more property, plant, and equipment used, the more the company must reinvest to fight obsolescence, which usually means less available funds for the shareholders in the long run. It looks in good shape compared to similar firms.
• Resource exploitation is quite good when yearly sales are considered. This metric is normally tied to the industry where the firm belongs. It's still somewhat better than peer companies.

Valuation score: 5.3

• Delek Logistics Partners, LP looks expensive in relation to profits and financial position. It happens to be almost average when measured against competitors.
• Price-to-Tangible-Book-Value is a fairly complex metric. Run again in analytical mode if you're interested in a technical explanation. It remains a disappointment compared to peers.
• In the past twelve months, the company generated some free funds in relation to the stock price, which stands worse than most similar companies.
• The company usually generates reasonably more than enough genuine funds to cover up for its business needs. Surplus cash may be used to repay loans, to eventually buy new businesses, or to reward investors. Considering the financial position and stock price, the current valuation might be fair. It's still similar to industry firms.
• In the past twelve months, the company has rewarded investors, considering both dividends and share on the pie of earnings. It came up rather normal in relation to peer ventures.
• The company is largely indebted. It should focus on loan repayment before rewarding stockholders. It looks mediocre against similar enterprises.
• Considering the past twelve months, traditional Price-to-Earnings relation might be more or less reasonable, but hardly cheap. It ranks almost average when measured against peer companies.
• Comparing the current stock price with the past twelve-months revenues gives a three or four to one relationship. This is an important metric to check its evolution through time, and to compare to industry peers. It looks rather normal in relation to rival firms.
• There's no accounting equity, which may be good or bad depending on context. Run again in analytic mode if you want to dig deeper. The company remains bottom tier against peer firms.
• In the past twelve months, the operating business earned good money when compared to the current stock price and financial position. It happens to be similar to industry peers.
• In an alternate metric of bang for the buck, the company has usually shown a very good earnings power ability when measured against the current stock price and financial position. It's still a slight improvement compared to peer companies.

Total score: 6.7

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Awarener score: 7.4

Conclusion

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