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
|Historical stock prices|
|Current Share Price||₪5.50|
|52 Week High||₪3.19|
|52 Week Low||₪5.96|
|1 Month Change||10.00%|
|3 Month Change||15.79%|
|1 Year Change||64.77%|
|3 Year Change||-48.93%|
|5 Year Change||-60.29%|
|Change since IPO||14,801.11%|
Recent News & Updates
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...
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...
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...
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...
|DEDR.L||IL Oil and Gas||IL Market|
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.
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
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
|DEDR.L fundamental statistics|
Is DEDR.L overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|DEDR.L income statement (TTM)|
|Cost of Revenue||US$132.56m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.43|
|Net Profit Margin||55.14%|
How did DEDR.L perform over the long term?See historical performance and comparison
10.9%Current Dividend Yield
Is Delek Drilling - Limited Partnership undervalued compared to its fair value and its price relative to the market?
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).
How is Delek Drilling - Limited Partnership forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Delek Drilling - Limited Partnership performed over the past 5 years?
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.
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 ($2.3B).
Debt to Equity History and Analysis
Debt Level: DEDR.L's debt to equity ratio (259.4%) is considered high.
Reducing Debt: DEDR.L's debt to equity ratio has increased from 253.1% to 259.4% over the past 5 years.
Debt Coverage: DEDR.L's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: DEDR.L's interest payments on its debt are not well covered by EBIT (2.9x coverage).
What is Delek Drilling - Limited Partnership current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DEDR.L's dividend (10.86%) is higher than the bottom 25% of dividend payers in the IL market (1.94%).
High Dividend: DEDR.L's dividend (10.86%) is in the top 25% of dividend payers in the IL market (5.74%)
Stability and Growth of Payments
Stable Dividend: DEDR.L has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: DEDR.L's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.6%), DEDR.L's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yossi Abu (44 yo)
Mr. Yossi Abu served as Chief Executive Officer of Avner Oil & Gas Ltd at Avner Oil Exploration - Limited Partnership since February 1, 2016. Mr. Abu has been the Chief Executive Officer of Delek Drilling...
CEO Compensation Analysis
Compensation vs Market: Yossi's total compensation ($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.
Experienced Management: DEDR.L's management team is seasoned and experienced (5.3 years average tenure).
Experienced Board: DEDR.L's board of directors are considered experienced (5.8 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Delek Drilling - Limited Partnership's employee growth, exchange listings and data sources
- 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
- Delek Drilling - Limited Partnership
- 19 Abba Even Boulevard
- Herzliya Pituah
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 16:14|
|End of Day Share Price||2021/10/14 00:00|
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.