DELEK GROUP LTD. DELKY

EnergyOil & GasIsrael

Last close 27.60 USD on Nov 1, 2026, +25.3% year to date

Quant rating

Quant rating D Rank 109 of 113 in Energy

Growth D 95 of 113
Valuation D 108 of 113
Quality D 108 of 113
Revisions D 91 of 113
Momentum C 57 of 113

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 4.9B
Enterprise value: 11.4B
52-week range: 23.60 – 50.60
3-year range: 9.00 – 50.60
Dividend yield: 6.64%
Beta (5 years): 0.56
Shares outstanding: 183M
Next earnings: –

About the company

Delek Group Ltd is an Israel-based holding company. The Company operates mainly through investees engaged in oil and gas exploration and production in Israel and abroad. I addition, the Company holds 25% of Delek Israel and Delek Israel properties, which operate in the gas stations, convenience stores and real estate properties segments. The Group operates in two business segments such as; Oil and gas operations in and around Israel - carried out mainly through NewMed Energy Limited Partnership which is mainly engaged in the exploration, development, production and marketing of natural gas condensate and oil in Israel and Cyprus; Oil and gas operations in the North Sea which is carried out through Energy Plc dealing in oil and gas exploration, production and sale in the North Sea, and holding the rights to oil assets located in the North Sea in territorial waters off the coast of England. The Company operates worldwide.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,879	1,277	1,055	3,410	2,568	–
Revenue growth	47.2%	21.0%	−69.1%	32.8%	23.6%	−2.0%
EPS (basic, normalized)	5.70	2.06	2.37	5.97	2.51	–
EPS growth	176.4%	−13.1%	−60.2%	137.6%	–	–
Gross margin	66.4%	56.0%	67.9%	56.7%	54.0%	60.2%
Net margin	7.3%	15.4%	11.1%	33.3%	16.9%	16.8%
ROE	4.6%	7.8%	4.7%	71.5%	57.5%	29.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	560
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	3,017
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,879	+47.2%	6.1x	–	–	–	5.70	+176.4%	4.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Oil & Gas

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DELKY DELEK GROUP LTD.	4.9B	–	7.3%	1.64x	–	–	–	–
CNX CNX Resources Corporation	5.4B	1.85x	32.3%	1.12x	11.4x	8.9x	5.9x	5.3x
CRC California Resources Corporation	4.9B	1.00x	9.9%	1.45x	14.2x	15.8x	4.7x	4.9x
TVE Tamarack Valley Energy Ltd	4.8B	−0.35x	−2.7%	3.53x	16.4x	14.3x	5.8x	5.0x
DK Delek US Holdings Inc	4.5B	2.07x	−0.2%	24.14x	3.9x	7.2x	3.4x	4.4x
CSGYY COSMO ENERGY HOLDINGS COMPANY, LIMITED	4.5B	2.64x	2.8%	1.00x	3.3x	2.5x	6.3x	5.8x
Mean		1.44x	8.2%	5.48x	9.8x	9.7x	5.2x	5.1x
Median		1.85x	5.0%	1.54x	11.4x	8.9x	5.8x	5.0x

Technical analysis

1M−7.1%
3M+10.1%
1Y+34.6%
3Y+305.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, DELEK GROUP LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,879	1,277	1,055	3,410	2,568	2,078
Cost of revenue	632	562	339	1,477	1,180	1,101
Gross profit	1,247	715	716	1,933	1,388	976
Selling, general & administrative expenses	230	41.0	38.9	72.5	46.1	75.1
Research & development	–	–	–	–	–	–
Depreciation/amortization	1.6	1.4	1.1	0.6	0.3	–
Interest expense (income), operating	−87.2	−20.4	−47.5	−10.5	−14.2	4.7
Unusual expense (income)	130	–	–	−1,100	−120	–
Other operating expenses	304	6.3	7.8	2.6	−15.5	926
Operating income	668	687	716	2,968	1,491	−29.3
Net interest income (expense)	−186	−157	−249	−361	−567	−594
Gain (loss) on sale of assets	28.0	63.4	–	59.1	36.4	–
Other non-operating income (expense)	−102	23.7	16.1	−63.1	−48.0	0
Net income before taxes	408	616	484	2,602	913	−623
Provision for taxes	103	153	141	1,314	402	−126
Minority interest	−168	−266	−226	−154	−77.3	−19.9
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	137	197	117	1,135	434	−517
Extraordinary items	887	190	325	−4.0	27.1	−49.2
Net income	1,025	387	442	1,131	461	−566
EBIT, normalized	711	666	668	1,857	1,357	−24.6
EBITDA, normalized	1,464	1,386	774	2,685	1,888	–
Basic EPS, normalized	5.70	2.06	2.37	5.97	2.51	–

Balance sheet in millions of USD, fiscal years

Balance sheet, DELEK GROUP LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	842	1,107	643	1,054	561	299
Receivables	460	940	834	762	556	303
Total inventory	58.5	336	189	177	178	107
Prepaid expenses	–	–	60.8	15.4	29.0	24.0
Other current assets	22.0	35.0	143	151	77.0	1,252
Total current assets	1,383	2,418	1,869	2,159	1,401	1,986
Property, plant & equipment	4,132	8,605	7,624	7,655	6,378	6,154
Goodwill	303	1,284	939	933	872	871
Intangibles	–	–	–	–	–	–
Long-term investments	2,699	347	329	241	257	321
Note receivable	8,596	665	705	779	761	818
Other long-term assets	679	1,103	708	478	444	572
Total assets	17,791	14,422	12,175	12,244	10,114	10,723
Liabilities
Accounts payable	6,124	–	–	–	–	98.7
Payable/accrued	–	–	–	–	–	–
Accrued expenses	24.5	39.7	59.2	12.8	33.2	50.5
Short-term debt	79.6	0	156	0	0	0
Current portion of long-term debt	218	617	151	858	116	2,126
Other current liabilities	727	1,636	1,271	1,377	1,435	1,131
Total current liabilities	7,173	2,293	1,636	2,248	1,584	3,406
Long-term debt	4,455	3,531	3,723	3,934	4,672	3,581
Minority interest	2,256	2,704	1,503	1,229	832	985
Other liabilities	734	3,492	2,669	2,400	2,187	2,100
Total liabilities	14,618	12,019	9,530	9,811	9,275	10,073
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	6.3	5.5	5.6	5.4	6.1	5.6
Additional paid-in capital	749	656	653	726	816	729
Retained earnings (accumulated deficit)	2,782	1,760	1,938	1,839	480	303
Treasury stock	−40.6	−26.2	0	−89.3	−101	−97.8
Other equity	−324	8.0	48.3	−48.3	−362	−291
Total equity	3,173	2,404	2,645	2,433	839	650
Total liabilities & shareholders' equity	17,791	14,422	12,175	12,244	10,114	10,723

Cash flow statement in millions of USD, fiscal years

Cash flow statement, DELEK GROUP LTD., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,193	653	668	1,284	539	−564
Depreciation, depletion & amortization	259	131	102	828	257	1,559
Deferred taxes	−52.6	71.3	53.0	1,081	289	−191
Non-cash items	−772	−329	−340	−1,406	−27.4	171
Changes in working capital	227	−54.5	24.4	155	104	4.7
Cash from operations	854	471	507	1,942	1,161	980
Investing activities
Capital expenditures	−46.6	−9.4	−0.6	−1.4	−1.0	−16.5
Other investing cash flows	−1,123	−66.7	−47.5	−1,667	876	193
Cash from investing	−1,170	−76.0	−48.0	−1,668	875	177
Financing activities
Financing cash flow items	−53.2	−80.4	−137	−158	−134	−102
Cash dividends paid	−326	−259	−36.7	–	0	0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	189	−208	−352	150	−1,647	−1,391
Cash from financing	−190	−548	−527	−7.7	−1,781	−1,493
Foreign exchange effects	−86.2	3.9	13.1	22.2	−15.5	−10.9
Net change in cash	−592	−149	−54.2	288	240	−347
Free cash flow	807	462	507	1,940	1,160	963

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

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Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.