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DEDR

Delek Drilling - Limited PartnershipTASE:DEDR.L Stock Report

Market Cap

₪6.5b

7D

1.1%

1Y

64.8%

Updated

15 Oct, 2021

Data

Company Financials
DEDR.L fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health1/6
Dividends3/6

DEDR.L Overview

Delek Drilling - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus.

Price History & Performance

Summary of all time highs, changes and price drops for Delek Drilling - Limited Partnership
Historical stock prices
Current Share Price₪5.50
52 Week High₪3.19
52 Week Low₪5.96
Beta1.55
1 Month Change10.00%
3 Month Change15.79%
1 Year Change64.77%
3 Year Change-48.93%
5 Year Change-60.29%
Change since IPO14,801.11%

Recent News & Updates

Sep 23
Delek Drilling - Limited Partnership (TLV:DEDR.L) Takes On Some Risk With Its Use Of Debt

Delek Drilling - Limited Partnership (TLV:DEDR.L) Takes On Some Risk With Its Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Aug 22
Calculating The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)

Calculating The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Delek Drilling...

Jun 09
Is Delek Drilling - Limited Partnership (TLV:DEDR.L) Using Too Much Debt?

Is Delek Drilling - Limited Partnership (TLV:DEDR.L) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

May 23
A Look At The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)

A Look At The Intrinsic Value Of Delek Drilling - Limited Partnership (TLV:DEDR.L)

Today we will run through one way of estimating the intrinsic value of Delek Drilling - Limited Partnership...

Shareholder Returns

DEDR.LIL Oil and GasIL Market
7D1.1%2.9%3.7%
1Y64.8%48.7%46.9%

Return vs Industry: DEDR.L exceeded the IL Oil and Gas industry which returned 48.5% over the past year.

Return vs Market: DEDR.L exceeded the IL Market which returned 46.9% over the past year.

Price Volatility

Is DEDR.L's price volatile compared to industry and market?
DEDR.L volatility
DEDR.L Beta1.55
Industry Beta1.14
Market Beta1

Stable Share Price: DEDR.L is not significantly more volatile than the rest of IL stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DEDR.L's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199316Yossi Abuhttps://www.delekdrilling.co.il

Delek Drilling - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus. The company holds interests in the Leviathan project, which covers an area of 500 km2 located to the west of the shores of Haifa; the Tamar and Dalit project; Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, which covers an area of 500 km2 located to the west of the shores of Ashkelon. It also holds interests in the New Ofek license that covers an area of approximately 344 km2 located in Israel; the New Yahel license, covering an area of 397.5 km2 located in Israel; and the Tanin and Karish leases covering an area of approximately 500km2 located to the west of the shores of Nahariya.

Delek Drilling - Limited Partnership Fundamentals Summary

How do Delek Drilling - Limited Partnership's earnings and revenue compare to its market cap?
DEDR.L fundamental statistics
Market CapUS$2.00b
Earnings (TTM)US$507.35m
Revenue (TTM)US$920.10m

3.9x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DEDR.L income statement (TTM)
RevenueUS$920.10m
Cost of RevenueUS$132.56m
Gross ProfitUS$787.53m
ExpensesUS$280.18m
EarningsUS$507.35m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.43
Gross Margin85.59%
Net Profit Margin55.14%
Debt/Equity Ratio259.4%

How did DEDR.L perform over the long term?

See historical performance and comparison

Dividends

10.9%

Current Dividend Yield

56%

Payout Ratio

Valuation

Is Delek Drilling - Limited Partnership undervalued compared to its fair value and its price relative to the market?

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DEDR.L (₪5.5) is trading below our estimate of fair value (₪6.88)

Significantly Below Fair Value: DEDR.L is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DEDR.L is good value based on its PE Ratio (3.9x) compared to the IL Oil and Gas industry average (6.2x).

PE vs Market: DEDR.L is good value based on its PE Ratio (3.9x) compared to the IL market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DEDR.L's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DEDR.L is overvalued based on its PB Ratio (1.6x) compared to the IL Oil and Gas industry average (1.3x).


Future Growth

How is Delek Drilling - Limited Partnership forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.0%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Delek Drilling - Limited Partnership has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Delek Drilling - Limited Partnership performed over the past 5 years?

-7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DEDR.L has high quality earnings.

Growing Profit Margin: DEDR.L's current net profit margins (55.1%) are higher than last year (43.7%).


Past Earnings Growth Analysis

Earnings Trend: DEDR.L's earnings have declined by 7.2% per year over the past 5 years.

Accelerating Growth: DEDR.L's earnings growth over the past year (190.3%) exceeds its 5-year average (-7.2% per year).

Earnings vs Industry: DEDR.L earnings growth over the past year (190.3%) exceeded the Oil and Gas industry -11.2%.


Return on Equity

High ROE: Whilst DEDR.L's Return on Equity (40.47%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is Delek Drilling - Limited Partnership's financial position?


Financial Position Analysis

Short Term Liabilities: DEDR.L's short term assets ($1.5B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: DEDR.L's short term assets ($1.5B) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: DEDR.L's debt to equity ratio (259.4%) is considered high.

Reducing Debt: DEDR.L's debt to equity ratio has increased from 253.1% to 259.4% over the past 5 years.

Debt Coverage: DEDR.L's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: DEDR.L's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Delek Drilling - Limited Partnership current dividend yield, its reliability and sustainability?

10.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DEDR.L's dividend (10.86%) is higher than the bottom 25% of dividend payers in the IL market (1.94%).

High Dividend: DEDR.L's dividend (10.86%) is in the top 25% of dividend payers in the IL market (5.74%)


Stability and Growth of Payments

Stable Dividend: DEDR.L has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: DEDR.L's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.6%), DEDR.L's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Yossi Abu (44 yo)

10.5yrs

Tenure

US$2,054,800

Compensation

Mr. Yossi Abu served as Chief Executive Officer of Avner Oil & Gas Ltd at Avner Oil Exploration - Limited Partnership since February 1, 2016. Mr. Abu has been the Chief Executive Officer of Delek Drilling...


CEO Compensation Analysis

Compensation vs Market: Yossi's total compensation ($USD2.05M) is above average for companies of similar size in the IL market ($USD1.11M).

Compensation vs Earnings: Yossi's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: DEDR.L's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: DEDR.L's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Delek Drilling - Limited Partnership's employee growth, exchange listings and data sources


Key Information

  • Name: Delek Drilling - Limited Partnership
  • Ticker: DEDR.L
  • Exchange: TASE
  • Founded: 1993
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: ₪6.456b
  • Shares outstanding: 1.17b
  • Website: https://www.delekdrilling.co.il

Number of Employees


Location

  • Delek Drilling - Limited Partnership
  • 19 Abba Even Boulevard
  • Herzliya Pituah
  • Herzliya
  • 4612001
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 16:14
End of Day Share Price2021/10/14 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.