What is Delek US Holdings, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Delek US Holdings, Inc.'s reported free cash flow gives -$31.57 per share. The share price was $63.23 on November 10, 2026, 300% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.0% | 10.0% | -$32.45 | -151% |
| Base | 8.0% | 9.0% | -$31.57 | -150% |
| Bull | 13.0% | 8.0% | -$29.92 | -147% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$30.92 | -$30.73 | -$30.49 | -$30.18 | -$29.80 |
| 8.0% | -$31.40 | -$31.28 | -$31.12 | -$30.94 | -$30.72 |
| 9.0% | -$31.75 | -$31.67 | -$31.57 | -$31.45 | -$31.31 |
| 10.0% | -$32.02 | -$31.96 | -$31.89 | -$31.81 | -$31.71 |
| 11.0% | -$32.23 | -$32.18 | -$32.13 | -$32.08 | -$32.01 |
Where the presets come from
Base: years 1 to 5 grow at Delek US Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (8.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions