Delek US Holdings, Inc.

AI-generated fair value estimate for this company.

Method: 10-year FCF DCF: $0.55B normalized free cash flow base (haircut from an elevated $0.68B TTM figure to mid-cycle refining margins); flat 2% annual growth; 10% discount rate; 2.5% terminal growth; -$2.80B net debt; 61.23M shares outstanding.

Reasoning: Delek is a highly cyclical independent refiner with volatile crack-spread-driven cash flow and no structural volume growth, so the method normalizes FCF to a mid-cycle level and discounts at a higher rate to reflect commodity-margin cyclicality.