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PBF

PBF Energy NYSE:PBF Stock Report

Last Price

US$31.79

Market Cap

US$3.9b

7D

-5.9%

1Y

107.8%

Updated

29 Jun, 2022

Data

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

PBF Stock Overview

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products.

PBF Energy Competitors

Price History & Performance

Summary of all time highs, changes and price drops for PBF Energy
Historical stock prices
Current Share PriceUS$31.79
52 Week HighUS$44.12
52 Week LowUS$7.24
Beta2.26
1 Month Change-3.49%
3 Month Change30.45%
1 Year Change107.78%
3 Year Change9.39%
5 Year Change42.75%
Change since IPO21.11%

Recent News & Updates

Jun 06
Is PBF Energy (NYSE:PBF) Using Too Much Debt?

Is PBF Energy (NYSE:PBF) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

PBFUS Oil and GasUS Market
7D-5.9%0.07%1.6%
1Y107.8%31.4%-20.8%

Return vs Industry: PBF exceeded the US Oil and Gas industry which returned 37.9% over the past year.

Return vs Market: PBF exceeded the US Market which returned -20.4% over the past year.

Price Volatility

Is PBF's price volatile compared to industry and market?
PBF volatility
PBF Average Weekly Movement10.0%
Oil and Gas Industry Average Movement8.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: PBF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PBF's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20083,418Tom Nimbleyhttps://www.pbfenergy.com

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.

PBF Energy Fundamentals Summary

How do PBF Energy's earnings and revenue compare to its market cap?
PBF fundamental statistics
Market CapUS$3.87b
Earnings (TTM)US$251.20m
Revenue (TTM)US$31.47b

15.3x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBF income statement (TTM)
RevenueUS$31.47b
Cost of RevenueUS$30.33b
Gross ProfitUS$1.14b
Other ExpensesUS$888.10m
EarningsUS$251.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 28, 2022

Earnings per share (EPS)2.08
Gross Margin3.62%
Net Profit Margin0.80%
Debt/Equity Ratio166.9%

How did PBF perform over the long term?

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

Valuation

Is PBF 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PBF 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/EBITDA11.6x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

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

PBF PE Ratio vs Peers
The above table shows the PE ratio for PBF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
CVI CVR Energy
22.3x-39.2%US$3.5b
SUN Sunoco
6.2x-8.4%US$3.2b
DINO HF Sinclair
18.3x-15.8%US$10.3b
INT World Fuel Services
16.1x25.3%US$1.3b
PBF PBF Energy
15.3x-58.7%US$3.9b

Price-To-Earnings vs Peers: PBF is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PBF is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the US Oil and Gas industry average (12x)


Price to Earnings Ratio vs Fair Ratio

What is PBF'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.

PBF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ratio5.8x

Price-To-Earnings vs Fair Ratio: PBF is expensive based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (5.8x).


Share Price vs Fair Value

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

Below Fair Value: PBF ($31.79) is trading above our estimate of fair value ($18.35)

Significantly Below Fair Value: PBF is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: PBF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

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


-58.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBF's earnings are forecast to decline over the next 3 years (-58.7% per year).

Earnings vs Market: PBF's earnings are forecast to decline over the next 3 years (-58.7% per year).

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

Revenue vs Market: PBF's revenue is expected to decline over the next 3 years (-5.4% per year).

High Growth Revenue: PBF's revenue is forecast to decline over the next 3 years (-5.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PBF's Return on Equity is forecast to be low in 3 years time (3.2%).


Discover growth companies

Past Performance

How has PBF Energy 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


-41.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBF has a large one-off gain of $226.0M impacting its March 31 2022 financial results.

Growing Profit Margin: PBF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PBF has become profitable over the past 5 years, growing earnings by -41.1% per year.

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

Earnings vs Industry: PBF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (102.2%).


Return on Equity

High ROE: PBF's Return on Equity (13.2%) is considered low.


Discover strong past performing companies

Financial Health

How is PBF Energy'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: PBF's short term assets ($6.4B) exceed its short term liabilities ($5.1B).

Long Term Liabilities: PBF's short term assets ($6.4B) exceed its long term liabilities ($5.3B).


Debt to Equity History and Analysis

Debt Level: PBF's net debt to equity ratio (110.1%) is considered high.

Reducing Debt: PBF's debt to equity ratio has increased from 82.2% to 166.9% over the past 5 years.

Debt Coverage: PBF's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: PBF's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


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Dividend

What is PBF Energy 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

  • Future Dividend Coverage


0.066%

Forecast Dividend Yield

Dividend Yield vs Market

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

High Dividend: Unable to evaluate PBF'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 PBF's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: PBF is not paying a notable dividend for the US market.


Cash Payout to Shareholders

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


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Management

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

6.8yrs

Average management tenure


CEO

Tom Nimbley (70 yo)

12yrs

Tenure

US$7,294,215

Compensation

Mr. Thomas J. Nimbley, also known as Tom, serves as the Chief Executive Officer at Paulsboro Refining Company LLC. Mr. Nimbley has been the Executive Chairman of PBF Logistics GP LLC, a General Partner at...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD7.29M) is about average for companies of similar size in the US market ($USD6.90M).

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


Leadership Team

Experienced Management: PBF's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: PBF's board of directors are considered experienced (6.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PBF 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

PBF Energy Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: PBF Energy Inc.
  • Ticker: PBF
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: US$3.873b
  • Market Cap: US$3.841b
  • Shares outstanding: 121.76m
  • Website: https://www.pbfenergy.com

Number of Employees


Location

  • PBF Energy Inc.
  • One Sylvan Way
  • Second Floor
  • Parsippany
  • New Jersey
  • 7054
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 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.