ALEC

Alector

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

Nasdaq

County of HQ

United States

Next Earnings Date

05/14/26

Business Summary

Delek Logistics Partners generates cash by owning and operating energy logistics and refining-related infrastructure assets that move and store hydrocarbons. The model is built on fee-based throughput and long-term commercial relationships, which provide recurring revenue streams tied to energy demand rather than direct commodity price speculation. Capital intensity is high, but once assets are built, incremental volumes can drive attractive returns, as reflected in the 11.30% ROIC. The moat rests on physical infrastructure, regulatory positioning, and embedded customer relationships that are costly and time-consuming for competitors to replicate.

VALUATION

P/E

-

Market Cap ($M USD)

$270

Forward P/E

-

PEG

-

PRICE TO SALES

12

PRICE TO BOOK

8.8

EV / EBITDA

-0.3

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$1.39

Next Year EPS Growth Estimate

-$0.88

Next Year Revenue Growth Estimate

-63.90%

Return on Equity (ROE)

-466.30%

Operating Margin

-741.30%

Debt-to-Equity

1.2

Piotroski F-Score

1

Altman Z-Score

-4.9

Return on Invested Capital (ROIC)

-121.00%%

Current Ratio

3.8

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 15.1x earnings and 11.5x forward earnings, DKL screens optically inexpensive, but this is not a clean value story. The forward multiple implies earnings compression versus the current EPS of 10.5 and next year estimate of $3.30, which signals a major normalization event. The Altman Z-Score of 1.2 puts the company in distress territory, meaning balance sheet fragility is real despite a $2,667M market cap. This is not a mispriced hyper-growth asset; it is a leveraged income vehicle trading at a moderate multiple with real financial risk embedded.

AI Exposure / Tech Reliance

As an Energy company in Oil & Gas Refining & Marketing, DKL operates in a capital-heavy, infrastructure-driven segment that is only indirectly exposed to AI tailwinds. Technology adoption will likely center on logistics optimization and operational efficiency rather than disruptive growth. This is a physical-asset business where digital enhancement improves margins incrementally but does not redefine the model.

The Bull Case

A value-oriented investor could argue the 11.30% ROIC exceeds many midstream and refining peers, indicating disciplined capital deployment. The 11.5 Forward P/E suggests the market is pricing in earnings contraction aggressively, potentially creating upside if the $3.30 EPS estimate proves conservative. A Current Ratio of 1.1 signals short-term liquidity is manageable, and Institutional Ownership at $48.25% suggests professional investors are meaningfully involved. With a 15.1 P/E and strong TTM Yield of 388.8, income-focused capital may continue to support the stock, especially if cash flows stabilize.

The Bear Case

The red flags are impossible to ignore. A Price/Book of 434.8 is extreme, implying minimal equity cushion relative to valuation. The Altman Z-Score of 1.2 places the firm in financial distress range, and a Piotroski F-Score of 3 indicates weak fundamental momentum. Earnings are projected to fall from 10.5 to $3.30, yet the PEG Forward is not even available, reinforcing the absence of visible growth. With Short % of Float at 4.30% and Debt/Equity at 18.00%, this is a leveraged structure where even modest operating shocks could pressure equity holders.

Market Sentiment & Smart Money

Short Interest %

6.70%

Analyst Consensus

2.74

Average Analyst Price Target

$2.88

Institutional Ownership %

80.80%

1-Year Beta

2.4

Insider Buying % (6 Mo)

10.10%%

Distance to 52-Week High

72.10%%

Distance to 52-Week Low

272.20%%