Stock fact sheet · data as of
Delek US Holdings, Inc. (DK): fair value, margin of safety and Wheel Score
Ticker symbol DK · Energy · Oil & Gas Refining & Marketing · United States · Value
Is DK undervalued?
DK closed at 65.46 on 5 Nov 2026, 13% below the GLS average fair value of 74.93 from 8 models (2 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" Wheel Trade Filter, with room for a bigger discount on the Value part.
There is a wide gap between GLS Growth (2.66) and 10 Cap (288.27). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, DK is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 32, growth score 5, out of 100).
Nine valuation models for DK
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 23.83 | -64% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 59.07 | -10% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 14.65 | -78% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.66 | -96% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 288.27 | +340% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 155.24 | +137% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 15.01 | -77% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 40.68 | -38% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -69.12 | -206% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 89.43 | +37% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Delek US Holdings, Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 2.6/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -0.6%, ROE -8.0%, ROA -0.3% - with debt at 11.70 times equity and a free-cash-flow yield of 17.1%. Debt of 11.70 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is 1.56% at a payout ratio of 28%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Refining 91%, Logistics 9% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -0.6% |
|---|---|---|---|
| GLS Moat | 2.6 / 10 | ROE | -8.0% |
| Debt / equity | 11.70 | ROA | -0.3% |
| Free-cash-flow yield | 17.1% | Payout ratio | 28% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 39: Weak
With a Wheel Score of 39 Delek US Holdings, Inc. sits in the Weak band. It fails filter 5, can repay its debt - 5.9 years to repay its debt (over 3); Moat (weak) is its weakest part.
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 9,659 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.4M shares a day on a market cap of $4.0B, with a beta of 0.59 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Fails | 5.9 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Fair | 13% below fair value | |
| Premium | Strong | implied volatility 68% | |
| Moat | Weak | moat 2.6/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Good | Red Flags score 87/100 | |
| Option trading | Fair | 1,691 contracts a day, 9,659 open interest | |
| Stability | Fair | beta 0.59, $4.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Delek US Holdings, Inc. reports earnings on 6 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 10 Nov 2026 (0.3000 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Refining & Marketing
The 12 companies below are the closest to Delek US Holdings, Inc. by market cap within the Oil & Gas Refining & Marketing industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| IEP Icahn Enterprises L.P. | 5.34 | 13.36 | +60% | 43Weak | $3.8B |
| CVI CVR Energy, Inc. | 43.01 | 52.40 | +18% | 45Weak | $4.3B |
| PARR Par Pacific Holdings, Inc. | 69.66 | 180.52 | +61% | 79Good | $3.5B |
| UGP Ultrapar Participações S.A. | 5.60 | 11.33 | +51% | 47Weak | $6.0B |
| WKC World Kinect Corporation | 38.00 | 12.65 | -200% | 31Weak | $1.9B |
| PBF PBF Energy Inc. | 72.62 | 247.83 | +71% | 53Fair | $8.6B |
| DINO HF Sinclair Corporation | 104.57 | 208.52 | +50% | 89Prime | $17.9B |
| CAPL CrossAmerica Partners LP | 20.27 | 27.61 | +27% | 46Weak | $773M |
| APC ARKO Petroleum Corp. Class A Common Stock | 13.74 | 7.11 | -93% | 19No options | $654M |
| SGU Star Group, L.P. | 13.10 | 60.28 | +78% | 48Weak | $430M |
| CLNE Clean Energy Fuels Corp. | 1.57 | 2.47 | +36% | 36Weak | $346M |
| FGPR Ferrellgas Partners, L.P. | 20.00 | 137.49 | +85% | 33No options | $227M |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about DK
Is DK undervalued right now?
By the GLS models, moderately: at 65.46 the stock trades 13% below the average fair value of 74.93 (data as of 5 Nov 2026).
What is the Wheel Score of DK and what does it mean?
DK scores 39 out of 100 (Weak) - it fails Wheel Trade Filter 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for DK?
74.93 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Delek US Holdings, Inc. report earnings next?
The next earnings report is due on 6 Nov 2026 (before the open), 1 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does DK have listed options, and how liquid are they?
Yes. The nightly snapshot found 112 listed contracts with 9,659 open interest across all expiries and implied volatility of 68% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.