DKL

Delek Logistics Partners

Fundamental data last updated:April 13, 2026

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company profile

SECTOR

Energy

industry

Oil & Gas Refining & Marketing

Exchange

NYSE

County of HQ

Canada

Next Earnings Date

05/06/26

Business Summary

Colliers generates cash by acting as an intermediary in commercial real estate transactions, earning commissions, advisory fees, and recurring management revenue tied to property services. Its moat is built on broker relationships, global deal networks, and embedded client contracts that are difficult to displace quickly. Scale across markets enables cross-border capital flows and integrated advisory solutions, reinforcing repeat business. The model converts revenue to cash through relatively asset-light operations, where talent, brand reputation, and institutional relationships are the primary competitive advantages.

 


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VALUATION

P/E

15.1

Market Cap ($M USD)

$2,667

Forward P/E

11.5

PEG

-

PRICE TO SALES

2.6

PRICE TO BOOK

434.8

EV / EBITDA

10.5

5-Year Average P/E

Free Cash Flow Yield

DCF Value

Graham Number

Price to FCF

EV to FCF

Earnings Yield

FCF Yield

DIVIDEND

Yield

9.00%

Annual Payout

$4.47

Payout Ratio

134.90%

Consecutive Years of Dividend Growth

10+

5-Year Dividend Growth Rate

4.30%

Financial Health & Profitability

Earnings Per Share

$3.30

Next Year EPS Growth Estimate

$4.35

Next Year Revenue Growth Estimate

8.20%

Return on Equity (ROE)

-

FREE CASH FLOW

Operating Margin

18.00%

Debt-to-Equity

388.8

Piotroski F-Score

3

Altman Z-Score

1.2

Return on Invested Capital (ROIC)

11.30%

Current Ratio

1.1

Quick Ratio

Net Debt to EBITDA

Interest Coverage

Gross Profit margin

FCF PER SHARE

REVENUE PER SHARE

Analyze DKL on TradingView

Gainseekers Quantitative Analysis

Summary

At 55x trailing earnings, this stock screens optically expensive, but the 13x Forward P/E dramatically reframes the narrative — the market is pricing in a sharp earnings normalization. A PEG Forward of 1.4 suggests growth is not being given away cheaply, yet it is far from bubble territory. The real tension lies in the balance sheet: an Altman Z-Score of 1.9 signals elevated financial risk, not comfort. This is not a pristine compounder — it is a cyclical operator priced for recovery, where execution must validate the steep compression from 55x to 13x earnings or the equity multiple will not hold.

AI Exposure / Tech Reliance

As a Real Estate Services firm, Colliers operates in a business increasingly shaped by data analytics, digital brokerage platforms, and AI-driven property insights. Technology will likely enhance brokerage efficiency and deal sourcing rather than displace the core model. Firms that digitize leasing, valuation, and capital markets advisory processes can expand margins over time, making tech adoption a margin lever rather than an existential threat.

The Bull Case

A GARP investor will focus on the earnings reset story: a Forward P/E of 13 against a PEG of 1.4 implies credible forward growth at a reasonable price. The Piotroski F-Score of 7 signals solid fundamental health, and a 6.70% operating margin in a services-heavy real estate model demonstrates operating discipline. Return on Equity of 8.70% combined with ROIC of 4.60% is not elite, but it is positive and stable in a capital-light advisory framework. A 1.5 yield, modest payout ratio of $0.30, and institutional ownership at $161.44 suggest this is a professionally owned name where smart money is already positioned for a cyclical rebound.

The Bear Case

The bear case is balance-sheet fragility and market skepticism. Debt/Equity at 7.20% may appear manageable at first glance, but paired with an Altman Z-Score of 1.9 it raises solvency sensitivity if transaction volumes slow. Short interest at 24.60% of float is extremely elevated, signaling that a large cohort is betting against the earnings recovery. A current ratio of 1.1 leaves minimal liquidity cushion, and a PEG of 1.4 does not offer deep-value downside protection if projected growth disappoints.

Market Sentiment & Smart Money

Short Interest %

3.50%

Analyst Consensus

3.4

Average Analyst Price Target

$48.25

Institutional Ownership %

20.50%

1-Year Beta

0.47

Insider Buying % (6 Mo)

63.50%%

Distance to 52-Week High

89.20%

Distance to 52-Week Low

143.70%

EARNINGS SURPRISE %

50-DAY SMA

200-DAY SMA

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.