Discounted Cash Flow

Delek Logistics Partners, L.P. LP

DKL · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $448.1m $62.8m $89.4m 14.0%
2017 $538.1m (20.1%) $69.4m (10.5%) $69.5m (-22.3%) 12.9% (-8.0%)
2018 $657.6m (22.2%) $90.2m (29.9%) $135.0m (94.2%) 13.7% (6.3%)
2019 $584.0m (-11.2%) $96.7m (7.3%) $121.3m (-10.1%) 16.6% (20.8%)
2020 $563.4m (-3.5%) $159.3m (64.6%) $179.7m (48.1%) 28.3% (70.6%)
2021 $700.9m (24.4%) $164.8m (3.5%) $252.1m (40.3%) 23.5% (-16.8%)
2022 $1.0b (47.9%) $159.1m (-3.5%) $51.1m (-79.7%) 15.3% (-34.7%)
2023 $1.0b (-1.5%) $126.2m (-20.6%) $129.2m (153.0%) 12.4% (-19.4%)
2024 $940.6m (-7.8%) $142.7m (13.0%) $77.3m (-40.2%) 15.2% (22.6%)
2025 $1.0b (7.7%) $176.5m (23.7%) $-30.6m (-139.6%) 17.4% (14.8%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model