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PBF Energy

NYSE:PBF
Snowflake Description

Good value with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PBF
NYSE
$3B
Imp Market Cap
  1. Home
  2. US
  3. Energy
Company description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The last earnings update was 24 days ago. More info.


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PBF Share Price and Events
7 Day Returns
-6.5%
NYSE:PBF
-4.5%
US Oil and Gas
-2.1%
US Market
1 Year Returns
-35.5%
NYSE:PBF
-17.9%
US Oil and Gas
1.3%
US Market
PBF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PBF Energy (PBF) -6.5% -13.8% -16% -35.5% 7.6% -10.1%
US Oil and Gas -4.5% -10.2% -6.2% -17.9% -6.1% -36.3%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • PBF underperformed the Oil and Gas industry which returned -17.9% over the past year.
  • PBF underperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
PBF
Industry
5yr Volatility vs Market

PBF Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PBF Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PBF Energy.

NYSE:PBF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:PBF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 21%) (69.88%))
1.255
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.255 * 5.96%)
10.21%

Discounted Cash Flow Calculation for NYSE:PBF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PBF Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:PBF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.21%)
2019 150.68 Analyst x4 136.72
2020 574.13 Analyst x6 472.70
2021 574.00 Analyst x1 428.81
2022 578.61 Est @ 0.8% 392.22
2023 586.60 Est @ 1.38% 360.80
2024 597.07 Est @ 1.79% 333.23
2025 609.43 Est @ 2.07% 308.62
2026 623.25 Est @ 2.27% 286.38
2027 638.24 Est @ 2.41% 266.10
2028 654.22 Est @ 2.5% 247.50
Present value of next 10 years cash flows $3,233.07
NYSE:PBF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $654.22 × (1 + 2.73%) ÷ (10.21% – 2.73%)
$8,986.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,986.87 ÷ (1 + 10.21%)10
$3,399.85
NYSE:PBF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,233.07 + $3,399.85
$6,632.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,632.92 / 121.06
$54.79
NYSE:PBF Discount to Share Price
Calculation Result
Value per share (USD) From above. $54.79
Current discount Discount to share price of $28.68
= -1 x ($28.68 - $54.79) / $54.79
47.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PBF Energy is available for.
Intrinsic value
48%
Share price is $28.68 vs Future cash flow value of $54.79
Current Discount Checks
For PBF Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PBF Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PBF Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PBF Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PBF Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:PBF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.78
NYSE:PBF Share Price ** NYSE (2019-05-24) in USD $28.68
United States of America Oil and Gas Industry PE Ratio Median Figure of 101 Publicly-Listed Oil and Gas Companies 12.79x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PBF Energy.

NYSE:PBF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PBF Share Price ÷ EPS (both in USD)

= 28.68 ÷ 2.78

10.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Energy is good value based on earnings compared to the US Oil and Gas industry average.
  • PBF Energy is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PBF Energy's expected growth come at a high price?
Raw Data
NYSE:PBF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
4.8%per year
United States of America Oil and Gas Industry PEG Ratio Median Figure of 76 Publicly-Listed Oil and Gas Companies 0.47x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NYSE:PBF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.32x ÷ 4.8%

2.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PBF Energy's assets?
Raw Data
NYSE:PBF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $24.68
NYSE:PBF Share Price * NYSE (2019-05-24) in USD $28.68
United States of America Oil and Gas Industry PB Ratio Median Figure of 195 Publicly-Listed Oil and Gas Companies 1.13x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:PBF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PBF Share Price ÷ Book Value per Share (both in USD)

= 28.68 ÷ 24.68

1.16x

* Primary Listing of PBF Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Energy is overvalued based on assets compared to the US Oil and Gas industry average.
X
Value checks
We assess PBF Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. PBF Energy has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PBF Future Performance

 How is PBF Energy expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PBF Energy expected to grow at an attractive rate?
  • PBF Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PBF Energy's earnings growth is positive but not above the United States of America market average.
  • PBF Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:PBF Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:PBF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 4.8%
NYSE:PBF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -0.8%
United States of America Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:PBF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:PBF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 24,034 954 335 4
2020-12-31 26,294 1,218 635 5
2019-12-31 24,113 699 566 5
NYSE:PBF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 26,599 773 326
2018-12-31 27,186 838 128
2018-09-30 27,429 1,084 723
2018-06-30 25,262 1,028 858
2018-03-31 22,835 766 476
2017-12-31 21,787 686 414
2017-09-30 19,999 586 227
2017-06-30 19,033 401 -45
2017-03-31 17,875 507 169
2016-12-31 15,920 652 171
2016-09-30 14,532 708 -3
2016-06-30 13,237 459 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PBF Energy's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • PBF Energy's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:PBF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from PBF Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PBF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.68 2.68 2.68 1.00
2020-12-31 5.11 6.31 4.16 6.00
2019-12-31 4.65 5.17 4.12 4.00
NYSE:PBF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.78
2018-12-31 1.11
2018-09-30 6.41
2018-06-30 7.71
2018-03-31 4.32
2017-12-31 3.78
2017-09-30 2.12
2017-06-30 -0.43
2017-03-31 1.67
2016-12-31 1.74
2016-09-30 -0.03
2016-06-30 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PBF Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PBF Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PBF Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PBF Past Performance

  How has PBF Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PBF Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PBF Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • PBF Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • PBF Energy's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
PBF Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PBF Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:PBF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 26,599.49 326.47 268.55
2018-12-31 27,186.09 127.57 272.95
2018-09-30 27,429.23 723.16 261.53
2018-06-30 25,261.82 857.91 250.25
2018-03-31 22,834.96 476.02 233.00
2017-12-31 21,786.64 414.47 214.93
2017-09-30 19,999.22 227.37 184.93
2017-06-30 19,033.47 -44.61 -413.81
2017-03-31 17,874.71 168.85 -139.98
2016-12-31 15,920.42 170.81 149.39
2016-09-30 14,532.35 -3.28 427.36
2016-06-30 13,236.78 -2.59 1,221.12
2016-03-31 12,928.98 29.69 1,140.20
2015-12-31 13,123.93 146.40 175.43
2015-09-30 14,283.44 -11.68 1,003.64
2015-06-30 16,325.80 86.49 987.22
2015-03-31 18,076.85 -28.36 996.89
2014-12-31 19,828.16 -38.24 1,029.80
2014-09-30 20,124.59 270.53 1,021.98
2014-06-30 19,723.47 109.71 1,008.41
2014-03-31 19,100.05 105.58 986.40
2013-12-31 19,151.46 39.54 908.45
2013-09-30 19,285.38 -529.43 924.57
2013-06-30 19,821.71 -323.02 919.16
2013-03-31 20,220.43 215.89 893.42
2012-12-31 20,138.69 1.96 859.27
2012-09-30 19,964.77 355.29 831.68
2012-06-30 19,314.32 475.13 843.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PBF Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PBF Energy used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
  • PBF Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PBF Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PBF Energy has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PBF Health

 How is PBF Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PBF Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PBF Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PBF Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PBF Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PBF Energy Company Filings, last reported 1 month ago.

NYSE:PBF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,446.80 2,437.00 418.30
2018-12-31 3,248.48 1,933.69 597.29
2018-09-30 3,645.36 2,177.13 1,059.20
2018-06-30 3,172.28 2,218.54 478.33
2018-03-31 2,915.83 2,181.05 362.96
2017-12-31 2,902.95 2,191.65 573.02
2017-09-30 2,675.36 2,165.17 300.89
2017-06-30 2,368.99 2,159.55 173.03
2017-03-31 2,512.22 2,112.11 346.15
2016-12-31 2,570.68 2,148.23 786.30
2016-09-30 2,279.36 2,369.63 685.39
2016-06-30 2,175.86 2,363.71 1,549.08
2016-03-31 2,033.75 1,845.90 740.32
2015-12-31 2,095.86 1,840.36 944.32
2015-09-30 1,890.97 1,381.12 472.83
2015-06-30 1,872.38 1,361.73 623.82
2015-03-31 1,767.72 1,259.23 449.48
2014-12-31 1,693.32 1,228.07 397.87
2014-09-30 2,174.54 1,156.50 477.39
2014-06-30 2,063.97 1,045.65 317.54
2014-03-31 1,810.12 734.83 237.14
2013-12-31 1,715.26 747.58 76.97
2013-09-30 1,648.84 738.57 57.42
2013-06-30 1,741.91 815.96 69.23
2013-03-31 1,761.19 727.55 404.09
2012-12-31 1,723.55 729.98 285.88
2012-09-30 1,633.33 732.96 170.05
2012-06-30
  • PBF Energy's level of debt (70.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.7% vs 70.7% today).
  • Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess PBF Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PBF Energy has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PBF Dividends

 What is PBF Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.18%
Current annual income from PBF Energy dividends. Estimated to be 4.18% next year.
If you bought $2,000 of PBF Energy shares you are expected to receive $84 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PBF Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • PBF Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:PBF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 66 Stocks 3.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:PBF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.20 6.00
2020-12-31 1.20 12.00
2019-12-31 1.20 12.00
NYSE:PBF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 1.200 3.881
2019-02-21 1.200 3.736
2019-02-14 1.200 3.431
2018-10-31 1.200 3.371
2018-08-02 1.200 2.473
2018-05-03 1.200 2.717
2018-02-23 1.200 3.533
2018-02-15 1.200 3.996
2017-11-02 1.200 3.658
2017-08-03 1.200 4.836
2017-05-04 1.200 5.529
2017-02-16 1.200 5.447
2016-11-04 1.200 4.757
2016-10-28 1.200 5.373
2016-07-29 1.200 5.429
2016-05-05 1.200 4.864
2016-04-28 1.200 3.828
2016-02-11 1.200 3.817
2015-11-05 1.200 3.397
2015-10-29 1.200 3.475
2015-08-06 1.200 3.930
2015-07-30 1.200 3.875
2015-04-30 1.200 4.233
2015-02-12 1.200 3.943
2014-11-07 1.200 4.446
2014-10-30 1.200 4.617
2014-08-01 1.200 4.787
2014-05-07 1.200 4.135
2014-04-30 1.200 3.811
2014-02-13 1.200 4.487
2013-10-31 1.200 4.306
2013-08-01 1.200 5.191
2013-05-02 1.200 4.618
2013-02-28 1.200 3.421
2013-02-21 1.200 3.001

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PBF Energy has been paying a dividend for less than 10 years.
  • PBF Energy has only been paying a dividend for 6 years, and since then there has been no growth.
Current Payout to shareholders
What portion of PBF Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4x coverage).
X
Income/ dividend checks
We assess PBF Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PBF Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PBF Energy has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PBF Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Nimbley
COMPENSATION $15,761,505
AGE 67
TENURE AS CEO 8.9 years
CEO Bio

Mr. Thomas J. Nimbley, also known as Tom, serves as the Chief Executive Officer at Paulsboro Refining Company LLC. Mr. Nimbley has been the Chief Executive Officer of PBF Logistics GP LLC and Director of General Partner at PBF Logistics LP since 2013. Mr. Nimbley has been the Chief Executive Officer of PBF Holding Company LLC since June 2010. He has been the Chief Executive Officer of Paulsboro Natural Gas Pipeline Co. LLC since June 2010. He serves as the Chief Executive Officer and Chief Financial Officer of PBF Finance Corporation. He serves as the Chairman and Chief Executive Officer of PBF Services Co LLC; PBF Investments LLC; PBF Power Marketing LLC; Toledo Refining Company LLC; and Delaware Pipeline Co LLC. He has been the Chief Executive Officer of PBF Energy Company LLC since June 2010. Mr. Nimbley has been the Chief Executive Officer of PBF Energy Inc. since June 2010. He served as the Chief Executive Officer and Chairman of Delaware City Refining Company LLC. He served as a Principal for Nimbley Consultants LLC from June 2005 to March 2010, where he provided consulting services and assisted on the acquisition of two refineries. He served as Senior Vice President and Head of Refining at ConocoPhillips. He served as an Executive Vice President and Chief Operating Officer of PBF Energy Inc., from March 2010 to June 2010. Previously, he served as a Senior Vice President and Head of Refining at Phillips Corporation and Phillips Petroleum Company. He served as Senior Vice President and Head of Refining at ConocoPhillips domestic refining system (13 locations) following the merger of Phillips and Conoco from September 2001 to March 2005. Mr. Nimbley joined the Tosco Corporation as its Vice President and Refinery Manager since April 1993. He has been an Executive Chairman of PBF Energy Inc., PBF Energy Company LLC and PBF Logistics LP since June 30, 2016. He serves as the Chairman of the Board of Directors at Paulsboro Refining Company LLC. Mr. Nimbley served as the Chairman of PBF Finance Corporation since July 2016 and its Director since October 2012. He served as Chairman of PBF Holding Company LLC. He has been a Director of PBF Energy Inc. and PBF Energy Company LLC since October 29, 2014. He serves as a Director of Paulsboro Refining Company LLC. He has been a Director of PBF Holding Company LLC since October 2012. He serves as a Director of PBF Finance Corporation.

CEO Compensation
  • Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the PBF Energy management team in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the PBF Energy management team is about average.
Management Team

Tom Nimbley

TITLE
CEO & Chairman
COMPENSATION
$16M
AGE
67
TENURE
8.9 yrs

Matt Lucey

TITLE
President
COMPENSATION
$7M
AGE
45
TENURE
4.3 yrs

C. Young

TITLE
Senior VP & CFO
COMPENSATION
$6M
AGE
41
TENURE
5.1 yrs

Tom O'Connor

TITLE
Senior Vice President of Commercial
COMPENSATION
$6M
AGE
45
TENURE
4.7 yrs

Timothy Davis

TITLE
President of PBF Energy Western Region LLC
COMPENSATION
$6M
AGE
56
TENURE
1.7 yrs

John Barone

TITLE
Chief Accounting Officer & Controller
AGE
60

Colin Murray

TITLE
Senior Director of Investor Relations

Trecia Canty

TITLE
Senior VP
AGE
48
TENURE
3.7 yrs

Jeffrey Dill

TITLE
Senior Vice President
COMPENSATION
$2M
AGE
57
TENURE
1.3 yrs

Herman Seedorf

TITLE
Senior Vice President of Refining
AGE
66
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the PBF Energy board of directors in years:

3.3
Average Tenure
70
Average Age
  • The tenure for the PBF Energy board of directors is about average.
Board of Directors

E. Abraham

TITLE
Independent Director
COMPENSATION
$285K
AGE
65
TENURE
6.6 yrs

Tom Nimbley

TITLE
CEO & Chairman
COMPENSATION
$16M
AGE
67
TENURE
2.9 yrs

Ed Kosnik

TITLE
Lead Director
COMPENSATION
$317K
AGE
73
TENURE
3 yrs

Wayne Budd

TITLE
Independent Director
COMPENSATION
$288K
AGE
77
TENURE
5.3 yrs

Gene Edwards

TITLE
Independent Director
COMPENSATION
$294K
AGE
61
TENURE
4.8 yrs

William Hantke

TITLE
Independent Director
COMPENSATION
$275K
AGE
70
TENURE
3.3 yrs

Robert Lavinia

TITLE
Independent Director
COMPENSATION
$290K
AGE
71
TENURE
3.3 yrs

Kim Lubel

TITLE
Independent Director
COMPENSATION
$272K
AGE
53
TENURE
1.8 yrs

George Ogden

TITLE
Director
COMPENSATION
$335K
AGE
75
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PBF Energy insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Buy Thomas Nimbley Individual 11. Mar 19 11. Mar 19 25,000 $30.03 $750,750
X
Management checks
We assess PBF Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PBF Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PBF News

Simply Wall St News

Is PBF Energy Inc.'s (NYSE:PBF) CEO Salary Justified?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for PBF Energy How Does Tom Nimbley's Compensation Compare With Similar Sized Companies? … pays Tom Nimbley more than the median CEO remuneration at companies of a similar size, in the same market.

Simply Wall St -

Who Has Been Buying PBF Energy Inc. (NYSE:PBF) Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for PBF Energy The Last 12 Months Of Insider Transactions At PBF Energy Over the last year, we can see that the biggest insider purchase was by CEO & Chairman Thomas Nimbley for US$751k worth of shares, at about US$30.03 per share. … NYSE:PBF Recent Insider Trading, May 14th 2019 PBF Energy is not the only stock that insiders are buying. … Insiders likely see value in PBF Energy shares, given these transactions (along with notable insider ownership of the company).

Simply Wall St -

Are Dividend Investors Making A Mistake With PBF Energy Inc. (NYSE:PBF)?

Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if PBF Energy is a new dividend aristocrat in the making. … Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below.

Simply Wall St -

How PBF Energy Inc. (NYSE:PBF) Can Impact Your Portfolio Volatility

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

A Closer Look At PBF Energy Inc.'s (NYSE:PBF) Uninspiring ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows PBF Energy has a return on equity of 5.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

A Close Look At PBF Energy Inc.’s (NYSE:PBF) 12% ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What does PBF Energy Inc.'s (NYSE:PBF) Balance Sheet Tell Us About Its Future?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like PBF Energy Inc. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.

Simply Wall St -

Investors Who Bought PBF Energy Shares Five Years Ago Are Now Up 18%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, PBF Energy actually saw its EPS drop 1.9% per year. … In the long term, though, it will be hard for the share price rises to continue without improving EPS.

Simply Wall St -

Does PBF Energy Inc.'s (NYSE:PBF) CEO Salary Compare Well With Others?

First, this article will compare CEO compensation with compensation at similar sized companies. … And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. … How Does Tom Nimbley's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is PBF Energy Inc.'s (NYSE:PBF) P/E Ratio Really That Good?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … PBF Energy has a price to earnings ratio of 5.35, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

PBF Company Info

Description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

Details
Name: PBF Energy Inc.
PBF
Exchange: NYSE
Founded: 2008
$3,487,645,572
$3,437,310,791
121,056,771
Website: http://www.pbfenergy.com
Address: PBF Energy Inc.
One Sylvan Way,
Second Floor,
Parsippany,
New Jersey, 07054,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PBF Class A Common Stock New York Stock Exchange US USD 13. Dec 2012
DB PEN Class A Common Stock Deutsche Boerse AG DE EUR 13. Dec 2012
LSE 0KE0 Class A Common Stock London Stock Exchange GB USD 13. Dec 2012
BMV PBF * Class A Common Stock Bolsa Mexicana de Valores MX MXN 13. Dec 2012
Number of employees
Current staff
Staff numbers
3,266
PBF Energy employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 00:36
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/24
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.