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PARR

Par Pacific Holdings NYSE:PARR Stock Report

Last Price

US$19.55

Market Cap

US$1.2b

7D

19.4%

1Y

25.6%

Updated

12 Aug, 2022

Data

Company Financials +
PARR fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends0/6

PARR Stock Overview

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses.

Par Pacific Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Par Pacific Holdings
Historical stock prices
Current Share PriceUS$19.55
52 Week HighUS$21.10
52 Week LowUS$11.66
Beta2.09
1 Month Change35.39%
3 Month Change28.70%
1 Year Change25.64%
3 Year Change-7.61%
5 Year Change15.75%
Change since IPO3,158.33%

Recent News & Updates

Jul 31
Is Par Pacific Holdings (NYSE:PARR) Weighed On By Its Debt Load?

Is Par Pacific Holdings (NYSE:PARR) Weighed On By Its Debt Load?

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

Jun 01
A Look At The Fair Value Of Par Pacific Holdings, Inc. (NYSE:PARR)

A Look At The Fair Value Of Par Pacific Holdings, Inc. (NYSE:PARR)

Does the June share price for Par Pacific Holdings, Inc. ( NYSE:PARR ) reflect what it's really worth? Today, we will...

Shareholder Returns

PARRUS Oil and GasUS Market
7D19.4%7.2%3.2%
1Y25.6%58.4%-10.1%

Return vs Industry: PARR underperformed the US Oil and Gas industry which returned 54.7% over the past year.

Return vs Market: PARR exceeded the US Market which returned -11.7% over the past year.

Price Volatility

Is PARR's price volatile compared to industry and market?
PARR volatility
PARR Average Weekly Movement8.4%
Oil and Gas Industry Average Movement8.9%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: PARR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: PARR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,336Bill Patehttps://www.parpacific.com

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through three segments: Refining, Retail, and Logistics. The Refining segment owns and operates three refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota.

Par Pacific Holdings Fundamentals Summary

How do Par Pacific Holdings's earnings and revenue compare to its market cap?
PARR fundamental statistics
Market CapUS$1.18b
Earnings (TTM)US$101.96m
Revenue (TTM)US$6.06b

11.5x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PARR income statement (TTM)
RevenueUS$6.06b
Cost of RevenueUS$5.41b
Gross ProfitUS$649.02m
Other ExpensesUS$547.06m
EarningsUS$101.96m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.69
Gross Margin10.71%
Net Profit Margin1.68%
Debt/Equity Ratio186.5%

How did PARR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PARR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PARR?

Other financial metrics that can be useful for relative valuation.

PARR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA6.8x
PEG Ratio-0.4x

Price to Earnings Ratio vs Peers

How does PARR's PE Ratio compare to its peers?

PARR PE Ratio vs Peers
The above table shows the PE ratio for PARR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average-9x
VTNR Vertex Energy
n/a104.1%US$551.9m
CLMT Calumet Specialty Products Partners
n/a61.2%US$1.3b
INT World Fuel Services
19.9x23.7%US$1.7b
CLNE Clean Energy Fuels
n/a70.5%US$1.8b
PARR Par Pacific Holdings
11.5x-26.7%US$1.2b

Price-To-Earnings vs Peers: PARR is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (-9x).


Price to Earnings Ratio vs Industry

How does PARR's PE Ratio compare vs other companies in the US Oil and Gas Industry?

Price-To-Earnings vs Industry: PARR is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the US Oil and Gas industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is PARR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PARR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio8.7x

Price-To-Earnings vs Fair Ratio: PARR is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (8.7x).


Share Price vs Fair Value

What is the Fair Price of PARR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PARR ($19.55) is trading below our estimate of fair value ($21.39)

Significantly Below Fair Value: PARR is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Par Pacific Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-26.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PARR's earnings are forecast to decline over the next 3 years (-26.7% per year).

Earnings vs Market: PARR's earnings are forecast to decline over the next 3 years (-26.7% per year).

High Growth Earnings: PARR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PARR's revenue is expected to decline over the next 3 years (-6% per year).

High Growth Revenue: PARR's revenue is forecast to decline over the next 3 years (-6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PARR's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Par Pacific Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-44.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PARR has a high level of non-cash earnings.

Growing Profit Margin: PARR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PARR has become profitable over the past 5 years, growing earnings by -44.5% per year.

Accelerating Growth: PARR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PARR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (203.8%).


Return on Equity

High ROE: Whilst PARR's Return on Equity (36.58%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Par Pacific Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PARR's short term assets ($1.9B) do not cover its short term liabilities ($2.1B).

Long Term Liabilities: PARR's short term assets ($1.9B) exceed its long term liabilities ($856.7M).


Debt to Equity History and Analysis

Debt Level: PARR's net debt to equity ratio (119.7%) is considered high.

Reducing Debt: PARR's debt to equity ratio has increased from 83.5% to 186.5% over the past 5 years.

Debt Coverage: PARR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PARR's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.30%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PARR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PARR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PARR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PARR's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PARR has not reported any payouts.


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Management

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

0.6yrs

Average management tenure


CEO

Bill Pate (58 yo)

6.83yrs

Tenure

US$3,542,686

Compensation

Mr. William C. Pate, also known as Bill, JD, served as Director at Jupiter Acquisition Corporation. Since October 2015, Mr. Pate has served as President and Chief Executive Officer, and since December 2014...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD3.54M) is about average for companies of similar size in the US market ($USD3.92M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PARR's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PARR's board of directors are considered experienced (8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PARR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Par Pacific Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Par Pacific Holdings, Inc.
  • Ticker: PARR
  • Exchange: NYSE
  • Founded: 1984
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: US$1.176b
  • Shares outstanding: 60.18m
  • Website: https://www.parpacific.com

Number of Employees


Location

  • Par Pacific Holdings, Inc.
  • 825 Town & Country Lane
  • Suite 1500
  • Houston
  • Texas
  • 77024
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.