Delek Us Intrinsic Value Calculation – DELEK US Releases FY2023 Q3 Earnings Results for Period Ending September 30 2023
December 10, 2023
🌥️Earnings Overview
On November 7, 2023, DELEK US ($NYSE:DK) revealed its earnings results for the third quarter of FY2023, which ended on September 30, 2023. Revenue for the quarter was USD 4748.4 million, representing a 10.8% decrease compared to the same period in the previous year. However, net income improved significantly to USD 128.7 million compared to the 7.4 million reported the year before.
Share Price
On Tuesday, DELEK US released their financial results for the third quarter of fiscal year 2023, ending September 30. The company reported positive results with stock prices opening at $25.3 and closing at $26.1, representing an increase of 1.3% from the previous closing of 25.8. Overall, these results indicate that DELEK US is performing well in the current market conditions.
They are able to deliver steady growth and profitability despite rising costs and competition in the industry. With their strong balance sheet and operational efficiency, the company seems to be well positioned to continue delivering positive results for investors in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Delek Us. More…
| Total Revenues | Net Income | Net Margin |
| 17.35k | 66 | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Delek Us. More…
| Operations | Investing | Financing |
| 632 | -450.3 | -433.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Delek Us. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.87k | 6.71k | 16.05 |
Key Ratios Snapshot
Some of the financial key ratios for Delek Us are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.1% | -2.4% | 2.3% |
| FCF Margin | ROE | ROA |
| 1.0% | 25.2% | 3.2% |
Analysis – Delek Us Intrinsic Value Calculation
At GoodWhale, we performed an analysis concerning DELEK US‘s wellbeing and found that its intrinsic value is around $38.2, determined by our proprietary Valuation Line. This means that DELEK US’s stock is currently undervalued by 31.7%, since it is currently traded at $26.1. This presents an opportunity for potential investors to buy the stock at a discounted price. More…
Peers
The company’s competitors are PBF Energy Inc, HF Sinclair Corp, and PBF Logistics LP. Delek US Holdings Inc. has a market share of 9.4%.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy is a leading independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other industrial products in the United States. The company’s market cap is $5.8 billion and its ROE is 52.76%. PBF Energy operates refining facilities in Ohio, New Jersey and Louisiana with a combined capacity of approximately 1.9 million barrels per day. The company also owns and operates two logistics businesses, PBF Logistics LP and PBF Holding Company LLC, which provide crude oil and refined product transportation and storage services.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcasting Group, Inc. is an American telecommunications company that is owned by the family of company founder Julian Sinclair Smith. The company is the largest television station operator in the United States by number of stations, and largest by total coverage; owning or operating a total of 193 stations across the country. Many of the group’s stations are in the top markets, including Seattle, Pittsburgh, St. Louis and Las Vegas.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a publicly traded master limited partnership that owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids (NGL) logistics assets. The company has a market cap of 1.38B as of 2022 and a Return on Equity of 40.3%. PBF Logistics is headquartered in Parsippany, New Jersey.
Summary
Investors in DELEK US can find reasons for both optimism and concern in the company’s fiscal year 2023 third-quarter results. Though the total revenue of USD 4748.4 million was down 10.8% year-over-year, net income rose from 7.4 million to 128.7 million. Despite these impressive growth in profits, investors must take a close look at underlying performance and potential headwinds in order to determine if DELEK US remains a good investment. Analysts may be encouraged by the increased profitability while keeping a cautious eye on potential market volatility.
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