NasdaqCM:PEIX

Stock Analysis Report

Executive Summary

Pacific Ethanol, Inc. produces and markets low-carbon renewable fuels and alcohol products in the United States.

Snowflake

Fundamentals

Fair value with moderate growth potential.

Risks

  • Pacific Ethanol has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Pacific Ethanol's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.9%

NasdaqCM:PEIX

4.7%

US Oil and Gas

1.1%

US Market


1 Year Return

-51.0%

NasdaqCM:PEIX

-16.7%

US Oil and Gas

2.1%

US Market

PEIX underperformed the Oil and Gas industry which returned -19.2% over the past year.

PEIX underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

PEIXIndustryMarket
7 Day-5.9%4.7%1.1%
30 Day42.4%10.3%3.7%
90 Day-11.0%-0.07%2.3%
1 Year-51.0%-51.0%-13.6%-16.7%4.4%2.1%
3 Year-87.7%-87.7%4.7%-4.8%47.0%37.4%
5 Year-95.0%-95.0%-24.0%-34.4%61.6%43.8%

Price Volatility Vs. Market

How volatile is Pacific Ethanol's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pacific Ethanol undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Pacific Ethanol's share price is below the future cash flow value, and at a moderate discount (> 20%).

Pacific Ethanol's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Pacific Ethanol is loss making, we can't compare its value to the US Oil and Gas industry average.

Pacific Ethanol is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Pacific Ethanol, we can't assess if its growth is good value.


Price Based on Value of Assets

Pacific Ethanol is good value based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is Pacific Ethanol expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

56.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Pacific Ethanol's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).

Pacific Ethanol's earnings are expected to grow significantly at over 20% yearly.

Pacific Ethanol's revenue growth is positive but not above the United States of America market average.

Pacific Ethanol's earnings growth is expected to exceed the United States of America market average.

Pacific Ethanol's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Pacific Ethanol will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Pacific Ethanol performed over the past 5 years?

-59.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Pacific Ethanol does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Pacific Ethanol's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Pacific Ethanol's 1-year growth to the US Oil and Gas industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Pacific Ethanol has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Pacific Ethanol has efficiently used its assets last year compared to the US Oil and Gas industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Pacific Ethanol improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Pacific Ethanol's financial position?


Financial Position Analysis

Pacific Ethanol's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Pacific Ethanol's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Pacific Ethanol's level of debt (84.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (22.4% vs 84.8% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.7x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Pacific Ethanol has less than a year of cash runway based on current free cash flow.

Unable to confirm if Pacific Ethanol has at least 1 year of cash runway based on growing free cash flows without relevant data.


Next Steps

Dividend

What is Pacific Ethanol's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Pacific Ethanol's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Pacific Ethanol's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Pacific Ethanol has not reported any payouts.

Unable to verify if Pacific Ethanol's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Pacific Ethanol has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Pacific Ethanol's salary, the management and board of directors tenure and is there insider trading?

9.8yrs

Average management tenure


CEO

Neil Koehler (61yo)

14.5yrs

Tenure

US$930,930

Compensation

Mr. Neil M. Koehler is a co-founder of Pacific Ethanol Central, LLC (formerly Aventine Renewable Energy Holdings, Inc.), and serves as its Chief Executive Officer. Mr. Koehler has been the Chief Executive  ...


CEO Compensation Analysis

Neil's remuneration is higher than average for companies of similar size in United States of America.

Neil's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.8yrs

Average Tenure

61yo

Average Age

The average tenure for the Pacific Ethanol management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

13.4yrs

Average Tenure

71yo

Average Age

The average tenure for the Pacific Ethanol board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Pacific Ethanol individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$57,00022 Aug 19
Neil Koehler
EntityIndividual
Role
Chief Executive Officer
Founder
Shares100,000
Max PriceUS$0.57
BuyUS$12,63407 Jun 19
James Sneed
EntityIndividual
Shares13,299
Max PriceUS$0.95

Ownership Breakdown


Management Team

  • Christopher Wright (66yo)

    VP, General Counsel & Secretary

    • Tenure: 13.3yrs
    • Compensation: US$538.01k
  • Neil Koehler (61yo)

    Founder

    • Tenure: 14.5yrs
    • Compensation: US$930.93k
  • Paul Koehler (59yo)

    Vice President of Commodities & Corporate Development

    • Tenure: 4.2yrs
  • Mike Kandris (71yo)

    COO & Director

    • Tenure: 11.3yrs
    • Compensation: US$510.43k
  • Bryon McGregor (55yo)

    Chief Financial Officer

    • Tenure: 9.8yrs
    • Compensation: US$479.67k

Board Members

  • Neil Koehler (61yo)

    Founder

    • Tenure: 14.5yrs
    • Compensation: US$930.93k
  • Bill Jones (69yo)

    Founder & Chairman of the Board

    • Tenure: 14.5yrs
    • Compensation: US$263.32k
  • Mike Kandris (71yo)

    COO & Director

    • Tenure: 11.3yrs
    • Compensation: US$510.43k
  • Jack Prince (76yo)

    Lead Independent Director

    • Tenure: 6.9yrs
    • Compensation: US$187.90k
  • Terry Stone (69yo)

    Independent Director

    • Tenure: 14.5yrs
    • Compensation: US$175.90k
  • Doug Kieta (76yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$175.90k
  • Larry Layne (78yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$175.90k

Company Information

Pacific Ethanol, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pacific Ethanol, Inc.
  • Ticker: PEIX
  • Exchange: NasdaqCM
  • Founded: 2003
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: US$38.978m
  • Shares outstanding: 49.76m
  • Website: https://www.pacificethanol.com

Number of Employees


Location

  • Pacific Ethanol, Inc.
  • 400 Capitol Mall
  • Suite 2060
  • Sacramento
  • California
  • 95814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FPRPDB (Deutsche Boerse AG)YesCommon StockDEEURMay 2004
PEIXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 2004

Biography

Pacific Ethanol, Inc. produces and markets low-carbon renewable fuels and alcohol products in the United States. The company operates in two segments, Production and Marketing. It produces and markets etha ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 23:51
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.