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PARR

Par Pacific Holdings NYSE:PARR Stock Report

Last Price

US$16.38

Market Cap

US$984.8m

7D

-0.7%

1Y

4.3%

Updated

06 Aug, 2022

Data

Company Financials +
PARR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
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$16.38
52 Week HighUS$21.10
52 Week LowUS$11.66
Beta2.09
1 Month Change4.27%
3 Month Change11.89%
1 Year Change4.33%
3 Year Change-25.48%
5 Year Change-2.79%
Change since IPO2,630.00%

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
7D-0.7%-6.2%1.0%
1Y4.3%46.7%-12.9%

Return vs Industry: PARR underperformed the US Oil and Gas industry which returned 46.7% over the past year.

Return vs Market: PARR exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is PARR's price volatile compared to industry and market?
PARR volatility
PARR Average Weekly Movement8.5%
Oil and Gas Industry Average Movement8.9%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
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$984.77m
Earnings (TTM)-US$156.12m
Revenue (TTM)US$5.17b

0.2x

P/S Ratio

-6.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PARR income statement (TTM)
RevenueUS$5.17b
Cost of RevenueUS$4.80b
Gross ProfitUS$371.84m
Other ExpensesUS$527.96m
Earnings-US$156.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 08, 2022

Earnings per share (EPS)-2.60
Gross Margin7.19%
Net Profit Margin-3.02%
Debt/Equity Ratio466.4%

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

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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/Revenue0.4x
Enterprise Value/EBITDA135.8x
PEG Ration/a

Price to Sales Ratio vs Peers

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

PARR PS Ratio vs Peers
The above table shows the PS ratio for PARR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.2x
VTNR Vertex Energy
8x16.0%US$1.0b
CLMT Calumet Specialty Products Partners
0.3x3.8%US$1.3b
INT World Fuel Services
0.04x-11.6%US$1.7b
CLNE Clean Energy Fuels
4.7x16.7%US$1.7b
PARR Par Pacific Holdings
0.2x-1.2%US$984.8m

Price-To-Sales vs Peers: PARR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (3.2x).


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-Sales vs Industry: PARR is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Oil and Gas industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

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

PARR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: PARR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


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 ($16.38) is trading below our estimate of fair value ($17.58)

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 5 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


155.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PARR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PARR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PARR is expected to become profitable in the next 3 years.

Revenue vs Market: PARR's revenue is expected to decline over the next 3 years (-1.2% per year).

High Growth Revenue: PARR's revenue is forecast to decline over the next 3 years (-1.2% 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

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-56.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PARR is currently unprofitable.

Growing Profit Margin: PARR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PARR is unprofitable, and losses have increased over the past 5 years at a rate of 56.3% per year.

Accelerating Growth: Unable to compare PARR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PARR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (172.9%).


Return on Equity

High ROE: PARR has a negative Return on Equity (-123.99%), as it is currently unprofitable.


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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

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PARR's short term assets ($1.5B) do not cover its short term liabilities ($1.8B).

Long Term Liabilities: PARR's short term assets ($1.5B) exceed its long term liabilities ($965.9M).


Debt to Equity History and Analysis

Debt Level: PARR's net debt to equity ratio (354.6%) is considered high.

Reducing Debt: PARR's debt to equity ratio has increased from 89.7% to 466.4% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: PARR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PARR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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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


0.93%

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 ($USD3.54M) is about average for companies of similar size in the US market ($USD3.94M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.


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$984.770m
  • Shares outstanding: 60.12m
  • 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 Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
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.