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 -$39.91 per share. The share price was $67.84 on September 25, 2026, 270% 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% | -$40.79 | -160% |
| Base | 8.0% | 9.0% | -$39.91 | -159% |
| Bull | 13.0% | 8.0% | -$38.26 | -156% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$39.27 | -$39.07 | -$38.83 | -$38.53 | -$38.14 |
| 8.0% | -$39.75 | -$39.62 | -$39.47 | -$39.29 | -$39.06 |
| 9.0% | -$40.10 | -$40.01 | -$39.91 | -$39.79 | -$39.65 |
| 10.0% | -$40.36 | -$40.30 | -$40.23 | -$40.15 | -$40.06 |
| 11.0% | -$40.57 | -$40.53 | -$40.48 | -$40.42 | -$40.35 |
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